Job Description
Job Description: Summary Fidelity Investments established a new Chicago-based lending team in 2021 to pursue private credit investing. Our leveraged finance platform targets middle-market private equity backed businesses seeking financing for LBO's, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates looking to join a growing team, gain significant experience and responsibility quickly, and help leverage the Fidelity name in this growing market.
The Group The High Income & Alternatives group has more than $100B in assets under management (AUM). The group's AUM are invested "across the capital structure," including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group's investment process.
The Role Based in Chicago, this is an opportunity to join a team for the newly formed middle market direct lending strategy of Fidelity's High Income & Alternatives group. This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual should have a strong desire to become a private debt and leveraged credit investment professional, an understanding of credit markets and experience financing companies based on cash flows as well as assets. Success in this role will require excellent work ethic, a self-starter mentality, and the ability to work independently, while also collaborating within a growing team.
Responsibilities The Associate will be an active and contributing member in all aspects of origination, due diligence, and relationship/portfolio management. These responsibilities include, but are not limited to:
- Interfacing with investment bankers, company management and private equity sponsors
- Investment screening, including financial modeling and industry research
- Assisting on all levels of due diligence on potential investments
- Creating investment committee presentations
- Participating in legal documentation and supporting ongoing portfolio management reviews
Qualifications We are seeking candidates who have the following characteristics:
- Bachelor's Degree in a relevant field required, advanced degree a plus
- 1-5 years of experience at a premier leverage lending firm, a top investment banking program, and/or a leading transaction advisory firm
- Advanced financial modeling skills and comfort dealing with a variety of capital structures
- Comfort participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals
- Excellent written and oral communication skills
- Collaborative and proactive personality
- CPA and/or CFA preferred
Standards The following standards are considered to be fundamental to the way in which our company operates:
- Responsibility
- Integrity
- Compassion
- Expertise
The base salary range for this position is $100,000 - $165,000 per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Fidelity's hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.
Certifications: Category: Investment Professionals Fidelity Investments
Job Tags
Work experience placement, Work from home,