Senior Associate, Blackstone Private Equity Strategies

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 $1.1 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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Business Group: Blackstone Private Equity Strategies
 

Business Group Overview:

Blackstone Private Equity Strategies (“BXPE”) is Blackstone’s flagship private equity offering for individual investors. BXPE is a perpetual fund which invests in diversified global private equity opportunities alongside Blackstone’s private equity platform. The team invests across 15+ PE strategies spanning industries, geographies and investment structures, representing the breadth of Blackstone’s equity investing capabilities.     

Job Title: Senior Associate, Blackstone Private Equity Strategies

Job Responsibilities:

• Participate in all aspects of the investment process using quantitative and qualitative skills to assess industries and companies within a broad range of sectors.
• Assess future investments and possible acquisitions, as well as monitor and evaluate potential exit opportunities for current portfolio companies.
• Meet and interact with management teams of prospective target companies throughout the diligence process.
• Coordinate financial, legal, commercial and other advisors throughout the diligence process.
• Meet and interact with financial, legal, commercial and other advisors as part of deal sourcing effort.
• Conduct financial and competitive analysis to identify investment merits and key risks during the due diligence process.
• Undertake valuations of business deals and negotiate contracts and other agreements based on findings.
• Conduct industry research regularly by diligently monitoring companies including recent news, quarterly/annual financial statements, ratings changes, and projections.
• Draft memoranda for internal and external use and facilitate communication, including drafting materials for financing transactions and participating in financing conversations with management.
• Assist in the execution of investment and financing transactions across the capital structure and deploy Blackstone capital in all areas of opportunity and interest.
• Meet and interact with management teams to ensure targets and metrics are properly established and met.
• Undertake numerous projects at a time given the lean size of various private equity investment teams.
• Perform other duties as needed.

Qualifications

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field required.

Experience:

• Minimum of 1 year of experience in job offered or related occupations required.
• Minimum of 1 year of experience advising corporate clients in the life sciences, pharma services and healthcare technology space on M&A and equity capital raisings.
• Minimum of 1 year of experience using Microsoft Excel to build detailed operating models, financial models (such as LBO and DCF), cash flow pro formas, as well as engaging in other valuation techniques.
• Minimum of 1 year of experience using Microsoft PowerPoint to develop internal and external presentation materials.
• Minimum of 1 year of experience using Microsoft Word to develop written memos and notes.
• Minimum of 1 year of experience using Microsoft OneNote to organize notes, research and workplans and coordinate with respective deal teams.
• Experience can be concurrent.

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:

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.

If you need a reasonable accommodation to complete your application, please email Human Resources at [email protected].

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.
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