Blackstone Credit & Insurance – Private Credit Strategies, Life Sciences Investment Professional, Principal

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.

Business Unit Overview:       

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 Title: Principal

Job Description:

The Private Credit Strategies Group primarily focuses on providing private investment capital to publicly traded companies and private equity sponsors in connection with growth financings, recapitalizations, mergers and acquisitions, and other corporate transactions within the Life Sciences sector. The groups utilize a flexible approach when structuring investments, which may include royalty monetizations, synthetic royalties, senior debt (secured and unsecured), subordinated debt, preferred & common equity, and private equity, thus providing candidates a chance to work on investments across the capital structure. Candidates will develop both quantitative and qualitative skills through the investment process and will have the opportunity to gain exposure to a wide range of therapeutic areas and investment types.

Responsibilities:

Principals will have the opportunity to participate in all aspects of the investment process. Responsibilities will include business and scientific due diligence, including meeting and interacting with management teams, financial and valuation analyses, industry research, legal documentation, and drafting of investment memos for internal and external use. Candidates can expect to work on numerous projects at a time. The relatively small size of this group offers Principals the opportunity to work closely with senior members of Blackstone and to work on numerous projects at one time.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, have sound judgement and have demonstrated excellence in prior endeavors. The successful candidate should have:

• At least 8 years of relevant work experience from investment banking, private equity or private credit, with a focus on the Life Sciences sector
• Experience in analyzing financial statements and conducting due diligence
• Exceptionally strong financial modeling skills
• Strong organizational and process management skills
• Strong communication skills, a demonstrated ability to write effectively
• A desire to work in a team environment, and the ability to think and work independently
• Advanced degree in a Life Sciences discipline (i.e. MD, and/or PhD) preferred, but not required

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.

Expected annual base salary range:

$225,000 - $250,000

Actual base salary within that range will be determined by several components including but not limited to the individual’s experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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.

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.