Private Debt Vice President - Direct Lending
A highly successful investor in the U.S. middle market private debt industry is looking to add a Vice President to the Senior Debt team in New York, NY. The primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process. The Vice President position will focus on underwriting and managing a portfolio of senior secured loans that will include first lien, unitranche, and in some cases junior debt facilities. The loans will include agency, co-lead, joint-lead and club member for private credit and broadly syndicated loans.
The Vice President will provide oversight and direction on new investment underwriting for junior team members, providing direction for key areas of focus with senior team and committee members, including , facilitate negotiations on grids, term sheet and broader credit documents, communicate periodic analysis on the financial performance of the companies under management, present at portfolio review investment committee and watchlist meetings, analyze incremental investment opportunities, evaluate amendment requests, follow industry trends, make follow-on primary and secondary market investment recommendations and aid in originators pitching new opportunities to sponsors.
Qualifications:
- 6-8+ years investment banking, direct lending, structured credit or similar experience with preference with experience in sponsor-backed direct lending
- Experience underwriting lead opportunities and managing a portfolio of senior debt investments.
- Ability to manage multiple processes for live transactions including refinancings, auctions, in various stages with close attention to detail and ability to generate detailed summaries and presentations to summarize diligence completed and update senior team members on activity of 20+ portfolio accounts
- Ability to structure and negotiate legal documentation including grids, commitment letters and broader credit documentation
- Ability to oversee and synthesize financial models, provide direction to junior team on diligence, accounting and financial concepts, data room summaries, and interface with sponsors
If you meet the qualifications, please apply now!
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