2025 Blackstone Credit & Insurance, H1 Off Cycle Intern

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

Blackstone 2025 Credit & Insurance 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 & Insurance:

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

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.

Off Cycle 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:

• Due diligence, financial analysis and modelling
• Market research and benchmarking against market and macroeconomic conditions
• Competitive analysis
• Development of presentations
• Assistance in the execution of transactions
• Drafting of investment memoranda for internal and external use
• Analysis and modelling of deal performance
• As well as being involved in specific investment processes, candidates will help lead individual research projects, focused on either specific industries or companies

Blackstone Credit & Insurance Group is looking to hire Off Cycle Interns into each of the groups outlined below:

• Private Credit Strategies
• Infrastructure & Asset Based Credit
• Sustainable Resources Group

Please see information regarding groups below:

Private Credit Strategies

Off Cycle Interns in Private Credit Strategies gain exposure and participate in a wide range of European Credit transactions and assist with our existing portfolio of investments, providing impactful insight and analysis to key internal and external stakeholders, including Portfolio Managers, Chief Investment Officers and investors.

Prior internship experience in investment banking, private credit or equivalent is desirable, but not necessary

Infrastructure & Asset Based Credit

Off Cycle Interns in Infrastructure & Asset Based Credit gain exposure and participate in a wide range of transactions across our long-duration, investment & sub-investment grade insurance capital strategies in Europe, which includes asset-based lending, corporate and infrastructure debt solutions.

Prior internship experience in investment banking, private equity, private credit, advisory, leveraged finance, structured finance and infrastructure debt is desirable, but not necessary.

Sustainable Resources Group

Off Cycle Interns in Sustainable Resources Group would gain exposure and work on potential European investments for BXCI’s energy transition fund, with investment structures ranging from senior debt to common equity.

Prior internship experience in investment banking, private equity, special situations, mezzanine credit, restructuring & leverage finance with a focus on energy or infrastructure is desirable, but not necessary.

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

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 2025 Credit & Insurance Off Cycle Intern role, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student, or recent graduate
• Anticipated graduation date: 2024 or 2025
• CV must include expected graduation month/year and grade
• CV must be in PDF format
• Available to intern for ideally 6 months beginning in January 2025, however the team can be flexible

Application Process:

Submit application Complete Pymetrics online gaming and video interview Testing 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 25th October

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.