Associate – Private Credit - Global Investment Platform

Overview:

Our client is one of the world’s largest alternative asset managers, overseeing $1 trillion+ in AUM across private equity, credit, real estate, and strategic capital strategies. The global credit platform exceeds $300 billion, with a rapidly expanding opportunistic and special situations strategy active across Europe and North America.

The Milan team plays a central role in sourcing and executing complex credit investments in Italy, including structured solutions, idiosyncratic financings, dislocations, rescue capital, hybrid credit/equity, and special situations.

The group operates with a lean deal team structure, giving Associates full exposure to investment origination, underwriting, and active portfolio value creation.

Key Responsibilities

Deal evaluation

• Assess special situations and opportunistic credit opportunities across Italian corporates, mid-market and large-cap.
• Perform detailed financial analysis, modelling, scenario testing, and credit structuring.
• Support due diligence across legal, commercial, operational and market workstreams.

Execution

• Participate in transaction underwriting and internal investment committee processes.
• Prepare investment memos, valuation outputs, risk analysis, returns modelling, and credit documentation reviews.
• Coordinate with advisors, lawyers, banks, and internal teams to drive deals from term sheet to close.

Portfolio work

• Monitor asset performance, covenant packages, liquidity, operational metrics, and restructuring scenarios.
• Support turnaround, capital structure optimisation, and event-driven value creation initiatives.
• Market & sourcing
• Build insights on Italian credit markets, dislocation pockets, stressed/distressed situations, and sector-specific catalysts.
• Contribute to sourcing efforts through network-building with banks, advisors, corporates, and intermediaries.

Candidate Profile

Experience

• 2–4 years in investment banking (leveraged finance, financial restructuring, special situations, M&A), credit funds, private debt, or advisory teams with strong exposure to complex financing.
• • Experience working on structured credit, distressed, opportunistic lending, hybrid capital, or complex corporate events is highly preferred.

Skills

• Excellent financial modelling and credit analysis capabilities (LBO, waterfall, restructuring scenarios, covenant modelling).
• Strong understanding of Italian corporate landscape, credit markets, and legal frameworks.
• Fluent Italian and excellent English required.
• High level of ownership, analytical precision, and ability to operate in a fast-paced, lean team environment.

Opportunity

• Join a premier global credit investor with a significant expansion mandate in Europe.
• Exposure to large and complex special situations transactions rarely accessible in the Italian market.
• High visibility within a small Milan deal team while plugged into a global credit platform.
• Clear progression path and direct involvement in origination, structuring, underwriting, and portfolio management.
• Attractive compensation structure aligned with a top-tier global alternatives institution.