2024 Blackstone Credit, Private Credit Strategies Off Cycle Intern

Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds.

Blackstone Credit:

Blackstone Credit is one of the world’s largest credit-focused asset managers. Blackstone’s Credit and Insurance segment has $319 billion in AUM. Blackstone Credit seeks to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.

Job Description:

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals and students across a wide range of disciplines. Our employees’ passion for their work and commitment to their clients have helped Blackstone become one of the most respected financial institutions and a trusted partner.

Interns are generalists and participate in all aspects of projects and can expect to work on a number of assignments at one time. Due to the relatively small size of the professional staff, deal teams are typically small and interns are therefore expected to assume important and integral roles. Interns are intimately involved with screening, analyzing and structuring of investment opportunities and regularly attend client and internal meetings, negotiations, and due diligence sessions.

Responsibilities:

Typically, work will include due diligence and financial analysis, modelling, research, competitive analysis and benchmarking, development of presentations, assistance in the execution of transactions, and drafting of investment memoranda. As well as being involved in specific investment processes, candidates will help lead individual research projects, focused on either specific industries or companies.

What we look for:

Our people are our most valuable asset. They are highly skilled problem solvers who believe challenges represent opportunities. Together with the firm’s entrepreneurial spirit, their unique passions and backgrounds contribute to a diverse, creative and vibrant environment.

We’re looking to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should (have):

• Strong communication skills
• A demonstrated ability to write effectively
• Be a collaborative team player with solid work ethic
• Excellent attention to detail
• Good judgement
• Contribute to a positive culture
• High interest in investing
• Prior internship experience in private credit or private equity is a plus

The Principles that Matter Most:

• Accountability
• Excellence
• Integrity
• Team Work
• Entrepreneurship

Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.

Requirements:

To be considered for the 2024 Credit Off Cycle Intern role, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student, or recent graduate
• Anticipated graduation date: 2023 or 2024
• CV must include expected graduation month/year and grade
• CV must be in PDF format
• Available to intern for ideally 6 months beginning in July 2024, however the team can be flexible
• Experience in investment banking or equivalent is desirable, but not necessary

Application Process:

Submit application Complete Pymetrics online gaming and video interview Face to face interviews Offer

Please note: This is a sample recruitment process; times and stages may vary between business areas and regions

Application Deadline: Applications will close on Friday 26th April

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.