Private Credit Associate, Specialty Finance
A leading global investment firm with approximately $20B in AUM is seeking a Private Credit Associate to join its Specialty Finance investing team in Chicago, IL. The platform provides creative and flexible capital solutions across a broad range of specialty finance sectors, partnering with both established and emerging asset originators to structure and finance portfolios of financial assets. Backed by significant institutional capital and a long-term investment horizon, the team focuses on sourcing, underwriting, and managing complex asset-based and specialty finance investments.
The Private Credit Associate will play a key role in evaluating and executing investments across a variety of specialty finance strategies, including opportunities backed by consumer, commercial, and other financial assets.
Key Responsibilities
- Conduct detailed due diligence and underwriting of specialty finance and asset-based investment opportunities.
- Analyze collateral performance, asset-level cash flows, portfolio characteristics, and structural credit protections.
- Build and maintain complex financial models to evaluate investment opportunities and portfolio performance.
- Prepare comprehensive investment memoranda and present recommendations to senior investment professionals.
- Monitor existing investments and assess ongoing credit performance, covenant compliance, and risk factors.
- Perform industry, market, and competitor research across specialty finance sectors.
- Support transaction structuring, documentation, and execution processes alongside legal and external advisors.
- Assist with portfolio management initiatives and participate in strategic projects across the platform.
- Collaborate with senior team members, originators, and counterparties throughout the investment lifecycle.
Candidate Qualifications
- 2-4+ years of relevant experience in private credit, specialty finance, asset-based finance (ABF), structured credit, investment banking, or other credit-focused investing roles.
- Strong analytical and financial modeling skills, including experience evaluating credit risk and complex financing structures.
- Understanding of specialty finance asset classes such as consumer finance, equipment leasing, commercial finance, receivables, transportation, mortgage-related assets, or other asset-backed opportunities is preferred.
- Experience conducting detailed due diligence and preparing investment recommendations.
- Strong academic credentials with a demonstrated track record of achievement.
- Excellent written, verbal, and interpersonal communication skills.
- Ability to thrive in an entrepreneurial and collaborative investment environment.
This is an attractive opportunity to join a growing specialty finance platform with significant capital to deploy and exposure to a diverse range of asset-based and specialty credit investment opportunities.
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