Credit Secondaries Associate

Job Description

Overview

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.:

Ares Secondaries Group is one of the most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The Group provides bespoke and customized liquidity solutions across the private equity, credit, real estate, and infrastructure asset classes. With over 30 years of experience in the market, Ares Secondaries Group focuses on generating attractive risk adjusted returns through its leading industry analytics and research, robust deal origination, underwriting and portfolio management activities.

Building off the success of its secondaries investment experience, the Ares Secondaries Group has launched a Credit Secondaries platform and is looking to build out its team. The newly established strategy is a natural extension of Ares’ leading Credit and Secondaries platforms, which respectively had approximately $285 billion and $25 billion of assets under management as of December 31, 2023. The Ares Secondaries Group has more than 85 dedicated investment and research professionals located in offices across the United States, Europe and Asia.

The Credit Secondaries group is a new business line within Ares. This would be a great opportunity to join at the ground floor and help build a new and exciting product for the firm.

We are seeking a motivated professional to join our Credit Secondaries team as an Associate in our New York office. Associates are primarily engaged in transaction management and leadership, business development, investment decision making and portfolio management.

Qualitative and quantitative asset level credit analysis including data synthesis and trend summaries

Analyzing and overlaying macro level trends to diligence diversified credit portfolios

Organizing all due diligence materials and developing the investment thesis

Guiding and reviewing junior team members’ due diligence activities

Leading diligence sessions with third parties including brokers, LPs, and GP managers

Overseeing the development of internal investment committee materials

Communicating investment recommendations and supporting facts to the investment team and/or investment committee.

Managing the closing process, including the preparation and confirmation of legal documentation and other related materials.

Assisting in portfolio analytics and fund performance monitoring.

Head of Credit Secondaries

Responsibilities

Assisting in the fundamental due diligence and analytical effort during the investment process.
Leading transaction teams throughout the entire transaction process, including managing and reviewing the work of junior team members.
Developing and demonstrating an ability to consistently represent the firm in the global investment community including representing the firm outside of the office at marketing meetings, diligence sessions, investor meetings, conferences, and other events.
Develop a network of contacts in the credit secondaries industry through deal negotiations, due diligence activities and attendance at industry conferences and other networking events.

Preferred Qualifications

Bachelor’s degree or international equivalent required. Superior academic achievement at a top tier undergraduate program in Finance, Accounting, or a related field.

Ability to reduce complex problems and models into key drivers. Ability to combine disparate datasets and assumptions.

2+ years of relevant work experience; Secondary investment experience is required.
Sophisticated modeling and analytical capabilities.
Detail oriented with the ability to manage multiple projects.
Ability to work effectively in a dynamic team environment, and with senior and junior professionals.
Strong verbal and written communication skills, and a professional, polished demeanor.
Evidence of intellectual curiosity, creative problem-solving skills, and adaptability.
Self-motivated with an entrepreneurial spirit and the ability to handle and thrive with increased independence and managerial responsibilities.

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