Company Description
Make an impact at a global and dynamic investment organization
When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney.
CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe. Join our team and look forward to:
- Diverse and inspiring colleagues and approachable leaders
- Stimulating work in a fast-paced, intellectually challenging environment
- Accelerated exposure and responsibility
- Global career development opportunities
- Being motivated every day by CPP Investments’ important social purpose and unshakable principles
- A flexible/hybrid work environment combining in office collaboration and remote working
- A deeply rooted culture of Integrity, Partnership and High Performance
If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.
Job Description
Credit Investments makes direct investments in investment grade and sub-investment grade corporate, structured and real estate debt through a variety of instruments including high yield bonds, convertible bonds, leveraged loans, mezzanine debt & distressed debt. The group is focused on event driven opportunities such as acquisitions, re-financings, recapitalizations, restructurings and stressed situations. The group typically looks to invest in single names where they can deploy $50 - $1000m. At March 31, 2024, CPPIB’s Credit Investments department had a portfolio that totaled C$68 billion with a variety of investments across North America, Europe, Latin America and Asia Pacific. We expect the portfolio to grow significantly over the next five years, especially in the Asia Pacific region.
Role Summary
We are recruiting for an Associate or Senior Associate for Credit Investments, APAC Credit with a focus on evaluating sub-investment grade credit investment opportunities, conducting research, developing investment recommendations, participating in the execution of investments, and monitoring investments. The Associate or Senior Associate will play a key role in making and managing both public and private credit investments in the Asia Pacific Region, and will have significant exposure to the leaders of the Credit Investments team.
Role-Specific Accountabilities
Analyze Investment Opportunities:
Review
- Research, analyze and evaluate a variety of industries, companies and securities and assist in the overall evaluation process; conduct credit analysis of companies including loan-to-value analysis, preparation of relevant credit metrics including precedent transactions and comparable company analysis
- Build dynamic financial models to analyze investment opportunities (including testing assumptions and sensitivities)
- Perform due diligence on companies including past and projected investment performance, quality of management teams, investment merits and risks, expected returns, regulatory environment, industry dynamics and other relevant factors
- Review 3rd party due diligence reports (legal, accounting, industry strategic reviews, environmental, etc.)
- Perform valuation analysis of companies and securities, including DCF, precedent transactions and comparable company analysis
- Meet with company management teams and review past performance, strategy, outlook, industry issues, and other relevant topics as required
- Apply “Total Portfolio Approach” as it applies to investments
Recommend
- Under the supervision of the APAC Credit leadership team, make credit investment recommendations outlining potential investment opportunities
- Assist in presenting investment recommendations to the Credit Investment Committee
Execute Credit Investments
- Liaise with investment partners (private equity funds, co-investors, investment banks, credit funds, and corporates) and advisors (financial, legal, etc.)
- Assist in negotiating and executing agreements and other transaction-related legal documentation
- Manage discreet aspects of the execution of credit investments as directed
Monitor Credit Investments
- Review funding and distributions related to credit investments
- Monitor ongoing financial performance of portfolio companies
- Assist in performing valuation reviews for portfolio companies
- On-site company visits to conduct due diligence
- Assist in building and leveraging relationships with investment banks, corporations and private equity funds
- Attend industry and sector conferences
Build the Team
- Participate in and contribute to weekly departmental meetings and investment recommendation meetings
- Assist in the training and development of colleagues
- Assist in recruiting activities including liaising with universities, networking, sourcing candidates and interviewing prospective hires, as required
- Other relevant duties and projects as assigned
Qualifications
- 3 to 9 years of experience in investment banking, leveraged finance, credit investing, real estate investing or experience in consultancy/advisory – position will be commensurate based on experience
- Patient approach to investing with the ability to decline investments that do not fit our process quickly
- Language capability: Excellent verbal and written communication skills in English. Native proficiency in Korean or Japanese is preferred.
- Exposure to Korea, Japan, or India credit markets (onshore and/or offshore) is preferred
- Strong research, financial modeling, analytical and valuation skills
- Experience in conducting due diligence desirable
- Undergraduate degree or equivalent experience, preferably in finance, commerce, or business administration
- CFA, CBV or CA designation is considered an asset
- Flexibility, adaptability, initiative and sound judgement
- Ability to meet deadlines and work well under pressure
- Team player who enjoys a high-performance culture
- Willingness to travel
- Consistent demonstration of our guiding principles of integrity, partnership and high performance
Additional Information
Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-AC1 #LI-Onsite
At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.
We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process.
Our Commitment to Inclusion and Diversity:
In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.
Disclaimer:
CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered. CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.
What We Do
CPP Investments is a professional investment management organization with a vital purpose: to help provide a foundation on which Canadians build financial security in retirement. To help maximize the CPP Fund for generations to come, we invest across all major asset classes: public equities, private equities, real estate, infrastructure and fixed income instruments.
With an international reputation as a leading institutional investor, our governance structure is recognized worldwide as a best practice for pension fund investment management. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York, San Francisco, São Paulo and Sydney, we leverage our global reach and on-the-ground knowledge to continually diversify, build and grow the CPP Fund.
Our investment professionals partner with top core services specialists in finance, human resources, information technology, legal, public affairs and communications, investment operations, data management, treasury services and investment risk.
