Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Business Group: Blackstone Private Equity
 

Business Group Overview:

With $152 billion of assets under management, Blackstone’s corporate private equity business has been a global leader since 1985. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.         

Job Title: Blackstone Private Equity - Principal

Job Responsibilities:

Identify, evaluate, and develop investment opportunities and seek strategic investors and manage junior resources.Participate in the origination of investment opportunities or leading idea generation / research / outreach to develop new investment areas for the firm.Direct research of targeted industries for investment purposes to identify strategically important sub-verticals and high-quality investment opportunities within them.Lead investment research, deal screening and industry evaluation.Attend conferences to develop relationships with management teams of prospective investment targets and other industry experts.Conduct extensive research to understand prevailing industry trends and develop sector expertise.Execute screens of both public and private companies leveraging software tools to develop a targeted investment thesis unique to Blackstone Capital Partners (“BCP”) and our clients’ needs.Develop detailed diligence workplans, lead due diligence calls with target management teams and industry experts, structure deals, and lead the negotiation of terms sheets, purchase agreements and financing terms.Lead the ongoing management of portfolio companies; assisting management with key operational and financial decisions.Develop and manage various due diligence procedures for prospective investments, including managing the internal deal team members across the firm as well as numerous third-party due diligence providers (i.e., accountants, lawyers, consultants, specialists, etc.) to ensure that the expert findings are tested, codified, analyzed and communicated ahead of making an investment decision.Manage the preparation of written analyses to present the pros and cons of a potential investment opportunity, as well as conduct ongoing evaluations of investment opportunities for use by BCP and Blackstone Group management and review by clients.Lead internal and external client meetings, investment committee sessions and due diligence sessions with clients, industry experts, management teams, and other investment counterparties.Assist in the negotiation of term sheets, management incentive plans, contracts, and other related agreements with investment counterparties and portfolio companies.Monitor the strategic, operational and financial performance of BCP’s portfolio investments post-acquisition through attendance at and participation in portfolio company Board of Directors meetings, preparation of ongoing valuation materials, and partnership with senior management teams to execute on the investment thesis and growth strategies that were developed and articulated at the time of investment.Participate in the monitoring and evaluation of potential exit alternatives for existing portfolio companies, including initial public offerings, dividend recapitalizations, sale to strategic acquiror, or sale to a financial sponsor.Oversee a team of 25 BCP Analysts and Associates and coordinate outreach and evaluation of candidates for Intern, Analyst and Associate roles.Mentor, train and provide guidance to current junior team members.Perform other duties as needed.

Qualifications:

Education:

Bachelor’s degree (or foreign equivalent) in Finance, Economics, Mathematics, Accounting, or a related field required.

Experience:

Minimum 6 years of experience in job offered or related occupations required.Minimum 6 years of experience in underwriting, conducting due diligence, and closing financial transactions across the United States and Internationally.Minimum 6 years of experience using Microsoft Excel to build detailed financial models and perform complex related financial analyses (valuation, LBO, risk / return dynamics, pro forma cash flow, analysis, sensitivity analysis etc.).Minimum 6 years of experience using Microsoft PowerPoint to develop internal and external presentation materials.Minimum 6 years of experience using financial market applications such as Bloomberg, Eikon, Capital IQ and / or FactSet to run / create / support detailed financial analyses.Minimum 6 years of experience using Dealcloud and / or equivalent CRM software to manage deal flow processes.Experience can be concurrent.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$225,000 - $250,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

Attending client meetings where you are discussing Blackstone products and/or and client questions;

Marketing Blackstone funds to new or existing clients;

Supervising or training securities licensed employees;

Structuring or creating Blackstone funds/products; and

Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.