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Job Name:                          Intern – European Private Credit

Location:                            London

Line of Business:            Global Credit

Job Function:                    Investment Professionals

Date:                                     Friday, January 26, 2024

Position Summary

Our Private Credit team invests primarily in highly-structured and privately-negotiated capital solutions supporting corporate borrowers through secured loans, senior subordinated debt, mezzanine debt, convertible notes, and other debt like instruments, as well as preferred and common equity in such borrowers. The team will also look to invest in special situations, event-driven opportunities that exhibit hybrid credit and equity features, as well as market dislocations, primary and secondary market investments in liquid debt instruments that arise as a result of temporary market volatility.

An opportunity to work with the Private Credit team based in London. The role will involve providing analytical support to the team as they evaluate new investment opportunities throughout the UK and Continental Europe. This role will work alongside the team during the execution of new investments in these regions. The environment is fast-paced and demanding, with a strong emphasis on learning about investing and development as an investment professional within the Private Credit sectors. Candidates will work directly with senior investment professionals on the team and will be encouraged to be proactive and to take ownership of important projects.

Responsibilities

  • The intern is expected, as part of a team and with guidance, to evaluate potential investment opportunities across a wide range of industries and geographies.
  • Be able to assess and present clearly the strengths and weaknesses of a potential investment, on both a quantitative and qualitative basis.
  • Develop dynamic operating models, perform fundamental credit analysis, evaluate returns potential, optimal capital structure, and exit scenarios.
  • Develop and apply understanding of key aspects of loan and bond documentation, restructuring mechanics and insolvency regimes in various jurisdictions.
  • Analyze capital structure and various debt instruments to establish most attractive entry point, based on fundamental business valuation and downside protection analysis.
  • Interact with advisors and management teams to evaluate and underwrite investment opportunities as part of due diligence processes.
  • Have a good understanding of capital structures and the potential levers for value creation, both financial and operational.
  • Work within the team to help present opportunities to investment committee.
  • Develop relationships with other market participants to identify general investment themes and specific opportunities.
  • Monitor existing investments including liaising with management and senior team members.
  • Work on potential portfolio add-on acquisitions or refinancing transactions.
  • Whilst the primary responsibility will be to evaluate potential investments opportunities for the Private Credit team, the candidate might also be involved in evaluating investment opportunities across the broader Carlyle credit platform.

Qualifications

Requirements

 

Professional Experience

  • Excellent academics in a related degree, such as Finance or Economics
  • Proven interest in a career in Investment Management
  • Excellent excel skills
  • Excellent research and due diligence skills with an aptitude for numeracy.
  • Willing to take initiatives and drive the project forward to completion.
  • Solid organizational skills, high attention to detail and ability to prioritize.
  • Eligible to work in the UK.

Competencies & Attributes

  • Excellent interpersonal skills are required as well as being and a team player.
  • Self-starter; has confidence in asking questions and ability to work independently in a fast- paced environment and a willingness to learn.
  • A preference for European language speakers Proficiency with modelling.
  • Strong quantitative, credit, financial modelling and analytical skills.
  • Strong understanding of financial and accounting valuation methods.
  • Understanding of key capital structure and credit concepts.
  • Self-motivation and energy.
  • Good communication and presentation skills.
  • Tenacious/persistent – with a desire to go the extra mile.
  • Mature and hard-working approach, strong executive presence.
  • Solid organizational skills, high attention to detail and ability to prioritize.
  • Personal and professional integrity of the highest order.

Company Information

The Carlyle Group (NASDAQ: CG) is a global investment firm with $382 billion of assets under management and more than half of the AUM managed by women, across 600 investment vehicles as of September 30, 2023. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 2,200 professionals operating in 28 offices in North America, South America, Europe, the Middle East, Asia and Australia. Carlyle places an emphasis on development, retention and inclusion as supported by our internal processes and seven Employee Resource Groups (ERGs). Carlyle’s purpose is to invest wisely and create value on behalf of its investors, which range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Carlyle invests across three segments – Global Private Equity, Global Credit and Investment Solutions – and has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation.

 

At Carlyle, we know that diverse teams perform better, so we seek to create a community where we continually exchange insights, embrace different perspectives and leverage diversity as a competitive advantage. That is why we are committed to growing and cultivating teams that include people with a variety of perspectives, people who provide unique lenses through which to view potential deals, support and run our business.

ΛPPLY

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $426 billion of assets under management, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 28 offices across four continents.