Long Term Private Capital - Private Equity Investment Professional - Associate
About this role
About BlackRock Alternatives
Charged with establishing BlackRock as clients’ preeminent partner in alternative investing globally, BlackRock Alternatives is one of the top five largest alternative asset managers in the world today. We are active in all asset classes and connect them in ways other firms can’t match, operating on an integrated platform consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and...Description
About this role
About BlackRock Alternatives
Charged with establishing BlackRock as clients’ preeminent partner in alternative investing globally, BlackRock Alternatives is one of the top five largest alternative asset managers in the world today. We are active in all asset classes and connect them in ways other firms can’t match, operating on an integrated platform consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you’ll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you’ll be invited to continue building the platform that is shaping the future of Alts investing by creating and evolving innovative investment ideas and tech solutions on a team that continuously outperforms – setting new standards.
Grow your career with the firm that’s building tomorrow’s alternatives platform, backed by a purpose that drives positive outcomes for our clients, our investments and the communities we serve.
About Long Term Private Capital
Long Term Private Capital (“LTPC”) is BlackRock’s direct private equity fund and a differentiated approach to traditional private equity. LTPC’s strategy is to invest in high quality companies with outstanding management teams and leverage our global resources to actively support growth opportunities. LTPC’s permanent capital enables a flexible hold period and a more prudent approach to leverage in order to support growth and maximize long term investor returns. The team seeks to deploy capital primarily in North America and Western Europe and is expected to grow its asset under management over time through both capital appreciation and new investor commitments in one permanent investing vehicle.
BlackRock is seeking a highly motivated and qualified candidate to join its Long Term Private Capital team. The role, based in New York, is a unique opportunity to help build a differentiated approach to private equity. It offers significant investment experience across a wide range of sectors and geographies. The selected individual will work with an experienced senior team in a collaborative and entrepreneurial work environment. The role will have responsibility for financial modeling, deal assessment and execution, development and review of due diligence reports, market research, portfolio monitoring, and general analytics. The successful candidate will join a global team of approximately 24 professionals.
Due to the long term nature of LTPC’s portfolio holdings, this position is well suited for a high performer interested in making long term, strategic investments and creating partnerships with portfolio companies to build lasting value.
- Support senior investment colleagues in all aspects of an investment, including due diligence, financial review and modeling, valuation, preparation of presentation material for investment committees, transaction execution, value creation, and monitoring.
- Develop and run financial models to analyze investment opportunities.
- Perform market research, including research on potential investments, industry sectors, and competitors.
- Synthesize all due diligence findings into investment memorandums and presentations.
- Develop and conduct quarterly internal portfolio valuation and assist with portfolio reports and analytics for internal and external use.
- Perform other analyses and conduct operational tasks necessary for transaction execution.
Experience & skills
- Strong academic background.
- 3-5 years of professional experience, ideally in investment banking or private equity.
- Understanding of global private equity markets.
- Highly numerate with demonstrated financial modeling and evaluation skills.
- Solid project management and organizational skills; ability to manage workload effectively and deliver quality work on schedule.
- Strong presentation skills as well as oral and written communications skills.
- Attentive to detail.
- Team-oriented. Enthusiasm and commitment to working in a friendly, entrepreneurial, team environment.
- Experience of undertaking due diligence processes and reviewing finance and legal documentation is a plus.
For New York City only: The salary range for this position is $142,500 – $170,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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.
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.
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.