Vice President/Associate Director, Direct Lending

1 month ago


Chicago IL, United States Fidelity TalentSource LLC Full time

Fidelity Investments is building out a new Chicago-based lending team to go after the large direct lending / private credit market. Our leveraged finance platform targets market middle-market private equity backed businesses that need private financing for LBO s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates that want to get in on the ground floor, gain a lot of experience / responsibility quickly, and help leverage the Fidelity name in this growing market.
The High Income & Alternatives group has more than $100B in assets under management (AUM).\u00A0 The group s AUM are invested \u201Cacross the capital structure,\u201D including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group s investment process.\This individual will be responsible for supporting senior debt origination, underwriting and portfolio management capabilities within the broader direct lending group. This includes support of the firm s effort to construct and lead high quality, diversified senior loan portfolios that exceed market risk-adjusted returns, and evaluation and execution of financing opportunities in a manner that balances strong credit disciplines with a positive customer relationship approach. The Associate Director will lead and actively contribute to all aspects of origination, due diligence, and relationship/portfolio management. Leading underwriting processes, which includes analyzing and summarizing all due diligence materials related to the credit quality of businesses, specifically the analysis of the company s historical and present financial condition, products and/or services, sales and marketing strategies, customer and supplier base, industry dynamics, competitive position, management team, and financial projections
Actively communicate with investment bankers, company management and private equity sponsors
Working with internal and external legal counsel regarding investment documentation
Becoming a subject matter expert on key private credit strategies and an advocate for the firm
Monitoring trends in the market and proposing solutions in response
Bachelor s Degree in a relevant field required, advanced degree a plus
~6-10 years of experience in leverage finance, preferably with a top tier alternative lending platform
~ Advanced financial modeling skills and comfort dealing with a variety of capital structures
~ Ability to create compelling, thoughtful, and creative presentation materials
~ Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money.
You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process.



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