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

Standards

The following standards are considered to be fundamental to the way in which our company operates:

Responsibility Integrity Compassion Expertise

Certifications: