Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With over $165 billion in assets under management as of December 31, 2023, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate.
Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Together with over 685 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit
www.blueowl.com.
POSITION SUMMARY:
Blue Owl is seeking an Associate of Workouts to join the Direct Lending Team.
RESPONSIBILITIES:
- Assist with managing a portfolio of underperforming investments and owned portfolio companies
- Assist with re-underwriting actionable credits with focus on liquidity, drivers of underperformance, corrective measures, and prospects for recovery
- Prepare analysis and modeling of various restructuring alternatives
- Assist with the development and implementation of strategies to maximize recoveries on stressed investments, including performance improvement efforts for owned portfolio companies
- Participate in the negotiation with various constituencies including financial sponsors, management, bank group members and other lenders in the capital structure
- Assist with the preparation of restructuring / amendment / waiver requests along with other written updates on portfolio accounts
- Participate in deal team discussions and presentations with investment committee
- Support senior team members in other capacities as needed
QUALIFICATIONS:
- Bachelor's degree, preferably in Finance, Accounting or related financial discipline with an outstanding record of academic achievement
- 2-5 years of experience in Credit Restructuring, Legal, Leveraged Credit or Investment Banking
- Strong oral and written communication skills with attention to detail
- Ability to self-direct, analyze, evaluate, and form independent judgments
- Team player with enthusiasm and intellectual curiosity to learn more
- Strong accounting and corporate finance knowledge, and financial modeling aptitude (required)