The Loans & Structured Credit team generally focuses on performing senior secured bank loans rated below investment grade in the U.S. and European markets. Investment professionals practice a disciplined, anticipatory investment approach that is focused on identifying investment opportunities and proactively managing credit and market risk. Through stringent credit selection and monitoring, the team seeks to avoid defaults and maximize recoveries. The team also engages in active trading to improve credit quality. The Loans & Structured Credit strives to achieve high current income from quarterly or semi-annual cash distributions.
The Loans & Structured Credit team has long-standing close relationships with arrangers of leveraged finance and secondary market makers, and also has the benefit of Carlyle's extensive network and strong relationships with the financial community. The team sources assets from both the primary and secondary market and has deal flow relationships with all major counterparties active in the U.S. and European leveraged finance markets, as well as strong relationships with nearly all private equity sponsors in these regions.
Loans & Structured Credit investment approach is highlighted as follows:
- Leverage the investment team's demonstrated analytical, trading and investment management expertise with The Carlyle Group's superior industry, company and market knowledge.
- Source investment ideas through The Carlyle Group's extensive industry relationships and network of contacts.
- Invest in quality companies that offer high current income with a low risk of principal loss using fundamental credit analysis.
- Construct and actively manage portfolio asset allocations based upon fund objectives and expectations for macro-economic performance.
- Industry Research: Develop/maintain a point of view on industry trends, drivers and economics;
- Financial Analysis: Analysis of assigned credits with particular focus on cash flow as well as on/off balance sheet assets and liabilities; the analyst will be expected to build/maintain predictive financial models
- Valuation Analysis: Analysis of transaction values, DCF and public values to express a view on asset protection as well as market value and ultimately recoveries in a default scenario;
- Capital structure analysis including an assessment of credit agreement and indenture provisions;
- Relative value analysis and the ability to express a view of an investment risk / return profile;
- Monitoring of portfolio positions and summarizing relevant information for daily morning meetings;
- Insure assigned credit information is complete and accurate on internal information systems;
- Maintain confidentiality of all sensitive and confidential issues; and
- Special projects as assigned.
- 6-10 years of prior buy side credit and /or sell-side high yield loan/bond research experience required; experience covering Consumer and Building Products preferred
- Strong quantitative, analytical and modeling skills (using Excel) required
- Bachelor's degree required; MBA and/or CFA or formal credit training is preferred
- Self-Starter; Excellent communication (both written and oral) and interpersonal skills a must
- Strong organizational skills and attention to detail a must
- Demonstrated ability to work effectively as part of a team
The compensation range for this role is specific to New York City and takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.
The anticipated base salary range for this role is $250,000.
In addition to the base salary, the hired professional will enjoy a comprehensive benefits package spanning retirement benefits, health insurance, life insurance and disability, paid time off, paid holidays, family planning benefits and various wellness programs. Additionally, the hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance.Company Information
The Carlyle Group (NASDAQ: CG) is a global investment firm with $385 billion of assets under management and more than half of the AUM managed by women, across 562 investment vehicles as of June 30, 2023. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 2,200 professionals operating in 29 offices in North America, South America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle's purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments - Global Private Equity, Global Credit and Investment Solutions - and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.
At Carlyle, we know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.
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