Investment Management & Restructuring, EMEA Direct Lending – Associate/Vice President (DACH region)
About this role
Business Unit Overview:
BlackRock’s Private Debt Platform consists of more than 200 investment professionals located in 19 BlackRock offices managing over $86bn of AUM across a broad range of asset classes including:
Direct Lending;
Growth Lending;
Opportunistic Debt; and
Real Estate Debt
The European Direct Lending team provides, on behalf of BlackRock’s clients and funds, mid-market companies with senior, unitranche and subordinated loans for acquisitions, capital growth, refinancings, LBO’s and liquidity situations.
Position overview:
This role encompasses supporting the team on restructuring, workout and value enhancement across the portfolio as well as assessing, structuring and underwriting new direct lending investment opportunities, across DACH and the European region. This role will be located in Munich or London.
Conduct independent fundamental credit analysis and due diligence and approval of new investments
Perform financial modelling, restructuring / recovery modelling, valuation and benchmarking to assess investment opportunities and viability of underperforming portfolios (including model recovery value optimization scenarios)
Preparation of Investment Committee materials, including but not limited to company overview, transaction overview, investment thesis, risks and mitigants, legal overview sections
Participate in transactions, restructuring and debt documentation negotiations and works with the originators and the legal team to ensure appropriate structuring / documentation
Participate in the investment evaluation process including attendance of management presentations, review of due diligence reports, and preparation of internal investment proposals in conjunction with the originators
Provide recommendations to Portfolio Managers and Investment Committee with a clear and consistent approach to mitigate credit, legal, industry, ESG and other relevant risks
Participate in the negotiation of and review of transaction legal documentation, incl liaising with internal and external legal advisers
Support Restructuring Lead in coordinating complex transactions across a variety of stakeholders (clients, legal counsel, creditors and other third parties, etc.)
Assist other team members in performing financial due diligence procedures as well as other initiatives related to the portfolio companies
Start to develop and manage relationships with management teams, sponsors, lenders, industry sources and advisors
Skills & Experience:
Strong restructuring experience having worked on multiple European restructuring transactions
Excellent analytical and data analysis skills, highly numerate, responsive with high attention to detail
Strong financial and restructuring modelling skills
Understanding of legal documentation concepts and interest in understanding how it can affect the implementation of restructuring and recovery strategies
Participate in the structuring of a transaction, manage transaction process with internal and external parties and working with originators to complete investment opportunities
4+ years of investment and / or advisory (leveraged finance, restructuring advisor and/or restructuring / work-out team within a bank or private debt / direct lending)
Motivated team player and flexible in approach with ability to work independently
Excellent written and verbal communication skills – presents ideas in a clear, concise and constructive manner
Ability to prioritize, working to tight deadlines and flexible to meet workload
A methodical thinker able to resolve complex issues on a daily basis
Must be (business level) fluent in German and English
Sector expertise is an advantage (Healthcare, Software and Technology)
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
BlackRock Compensation & Benefits Highlights
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Retirement Support — A 401(k)/Retirement Savings Plan with a stated company match formula (subject to plan caps) alongside an Employee Stock Purchase Plan is prominently featured. Feedback suggests these elements make the financial-wellness offering a notable strength among large employers.
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Parental & Family Support — Paid parental leave of at least 16 weeks for primary caregivers, plus adoption support, fertility benefits, and child/elder back‑up care, is highlighted across materials. Offerings are substantial, with specifics varying by location.
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Leave & Time Off Breadth — Flexible Time Off for many U.S. salaried roles, paired with sick and bereavement leave, provides generous time‑away options. Wellness resources such as free access to Calm and an Employee Assistance Program further support rest and recovery.
BlackRock Insights
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
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