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Associate, Private Credit Group - Funds, Co-investments & Secondaries
| Posting date: | 18 June 2024 |
|---|---|
| Hours: | Full time |
| Closing date: | 18 July 2024 |
| Location: | London, UK |
| Remote working: | On-site only |
| Company: | GIC (London) Private Limited / GIC Private Markets, Private Limited |
| Job type: | Contract |
| Job reference: | 15789 |
Summary
Associate, Private Credit Group - Funds, Co-investments & Secondaries
GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.
We deploy capital in areas where we can utilise our comparative advantages, namely, a long investment horizon, global presence, sector expertise, as well as skilled and experienced teams.
GIC - Private Equity
GIC’s Private Equity group consists of teams investing through funds and directly in companies across both Private Equity and Private Credit. We currently have over 100 active relationships with Private Equity and Private Credit fund managers and have invested directly in more than 1,000 companies globally across multiple sectors.
GIC Private Equity’s credit arm, the Private Credit Group, is an integrated team of 20+ investment professionals based across London and New York. The Private Credit Group has a global mandate which covers three main routes to market:
Private Credit funds and co-investments: Invest in Private Credit funds, separately managed accounts and co-investments
Credit secondaries: Invest in credit fund secondaries through funds and co-investments and direct transactions
Direct investing: Directly underwrite LBO loans across the capital structure (first lien, unitranche, second lien, unsecured loans, PIK, preferred equity, structured equity)
Job Description
We are looking for a suitable candidate to join the Private Credit Group as an Associate, based in London and part of a sub-team of seven investment professionals focusing on 1) Private Credit funds and co-investments and 2) credit secondaries, predominantly across Europe and North America.
This role is a three-year contract as part of our Associate programme.
What you will do as an Associate
Participate in all aspects of the underwriting process for Private Credit fund investments. This will include evaluating the fund manager's strategy, track record, portfolio companies, investment and execution capabilities, as well as culture and alignment and will also involve meeting and appraising senior management at top investment firms
Participate in all aspects of the underwriting process for co-investments offered by our credit fund managers. This will involve evaluating key risk/return drivers, market dynamics, historical and projected financial performance, management teams, capital structures and deal terms
Participate in all aspects of the underwriting process for credit secondary transactions including evaluating fund managers, portfolios, modelling scenarios as well as structuring and execution
Make and defend investment recommendations in both oral and written communication with investment committee members and at investment committee meetings
Portfolio monitoring (funds, co-investments and secondaries)
Project work typically related to strategy and portfolio construction, including internal portfolio updates
Help to maintain relationships with existing managers and relevant advisors (including attending fund managers’ annual investor meetings)
What makes you a successful candidate?
A strong academic background
2-3 years of work experience in any of: leveraged finance, M&A, or secondary advisory at a top-tier investment bank (Analyst level); direct lending at a Private Credit firm; fund selection at a Private Equity/Private Credit fund of funds. Some prior exposure to the Private Credit and/or Private Equity industries is an advantage
Excellent financial analysis, modelling and PowerPoint skills
Excellent oral and written communication skills
Strong business acumen and commercial judgment
Strong interpersonal skills
Responsible, proactive, hard working and ability to work independently
A team-player, with maturity, integrity and the ability to engage with senior counterparties
What impact can you make in this role?
You will be part of a team that is one of the largest and most established private capital investors in the world today.
Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-Term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.
GIC is a Great Place to Work
At GIC, we believe sustainable high performance is driven by high expectations and a commitment to excellence, as well as empowerment and flexibility. As such, we currently operate under a hybrid model in which most employees spend 4 days in office and 1 day working from home each week. This balance allows us to preserve the ‘office as a hub’ for ideation, professional growth, and interpersonal connection, while giving our employees the flexibility to do their best work and be their best selves.
We are an Equal Opportunity Employer
All applicants who qualify for the role will receive consideration for employment without regard to race, age, religion, sexual orientation, gender identity/expression, socio economic background or disabilities. GIC (Europe) is signed up to the Halo Code and a Disability Confident Employer. Please email grphrod_ldo@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.
Learn more about our Private Equity Department here: https://gic.careers/group/private-equity/
GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.
We deploy capital in areas where we can utilise our comparative advantages, namely, a long investment horizon, global presence, sector expertise, as well as skilled and experienced teams.
GIC - Private Equity
GIC’s Private Equity group consists of teams investing through funds and directly in companies across both Private Equity and Private Credit. We currently have over 100 active relationships with Private Equity and Private Credit fund managers and have invested directly in more than 1,000 companies globally across multiple sectors.
GIC Private Equity’s credit arm, the Private Credit Group, is an integrated team of 20+ investment professionals based across London and New York. The Private Credit Group has a global mandate which covers three main routes to market:
Private Credit funds and co-investments: Invest in Private Credit funds, separately managed accounts and co-investments
Credit secondaries: Invest in credit fund secondaries through funds and co-investments and direct transactions
Direct investing: Directly underwrite LBO loans across the capital structure (first lien, unitranche, second lien, unsecured loans, PIK, preferred equity, structured equity)
Job Description
We are looking for a suitable candidate to join the Private Credit Group as an Associate, based in London and part of a sub-team of seven investment professionals focusing on 1) Private Credit funds and co-investments and 2) credit secondaries, predominantly across Europe and North America.
This role is a three-year contract as part of our Associate programme.
What you will do as an Associate
Participate in all aspects of the underwriting process for Private Credit fund investments. This will include evaluating the fund manager's strategy, track record, portfolio companies, investment and execution capabilities, as well as culture and alignment and will also involve meeting and appraising senior management at top investment firms
Participate in all aspects of the underwriting process for co-investments offered by our credit fund managers. This will involve evaluating key risk/return drivers, market dynamics, historical and projected financial performance, management teams, capital structures and deal terms
Participate in all aspects of the underwriting process for credit secondary transactions including evaluating fund managers, portfolios, modelling scenarios as well as structuring and execution
Make and defend investment recommendations in both oral and written communication with investment committee members and at investment committee meetings
Portfolio monitoring (funds, co-investments and secondaries)
Project work typically related to strategy and portfolio construction, including internal portfolio updates
Help to maintain relationships with existing managers and relevant advisors (including attending fund managers’ annual investor meetings)
What makes you a successful candidate?
A strong academic background
2-3 years of work experience in any of: leveraged finance, M&A, or secondary advisory at a top-tier investment bank (Analyst level); direct lending at a Private Credit firm; fund selection at a Private Equity/Private Credit fund of funds. Some prior exposure to the Private Credit and/or Private Equity industries is an advantage
Excellent financial analysis, modelling and PowerPoint skills
Excellent oral and written communication skills
Strong business acumen and commercial judgment
Strong interpersonal skills
Responsible, proactive, hard working and ability to work independently
A team-player, with maturity, integrity and the ability to engage with senior counterparties
What impact can you make in this role?
You will be part of a team that is one of the largest and most established private capital investors in the world today.
Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-Term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.
GIC is a Great Place to Work
At GIC, we believe sustainable high performance is driven by high expectations and a commitment to excellence, as well as empowerment and flexibility. As such, we currently operate under a hybrid model in which most employees spend 4 days in office and 1 day working from home each week. This balance allows us to preserve the ‘office as a hub’ for ideation, professional growth, and interpersonal connection, while giving our employees the flexibility to do their best work and be their best selves.
We are an Equal Opportunity Employer
All applicants who qualify for the role will receive consideration for employment without regard to race, age, religion, sexual orientation, gender identity/expression, socio economic background or disabilities. GIC (Europe) is signed up to the Halo Code and a Disability Confident Employer. Please email grphrod_ldo@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.
Learn more about our Private Equity Department here: https://gic.careers/group/private-equity/
Proud member of the Disability Confident employer scheme
Disability Confident
About Disability Confident
A Disability Confident employer will generally offer an interview to any applicant that declares they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people. For more details please go to Disability Confident.