Description:
The Sustainable Investing team with PGIM Private Alternatives is seeking an Investment Associate in their Newark, NJ office. They will focus on making new private credit investments, managing the existing general account assets in private credit and private equity, and new sustainability focused market rate product development for third party clients.
The Sustainable Investing Team is positioned to be a growth engine for PGIM Private Alternatives. A primary goal for the team’s future capital deployment is to generate proof of concept portfolios for new product development. The proof-of-concept portfolio is intended to be a pre-requisite to a fund launch and the investment associate will have an exciting opportunity to participate from the start of an innovative strategy.
What you can expect
- Assist senior team members in managing the GA IRI Private Equity and Credit existing portfolio (~$700M AUM invested across sustainability, financial inclusion, and education & workforce development impact themes) including direct and fund investments - quarterly reporting and creation of dashboards as needed, managing modifications, monitoring performance, and recommending corrective measures, representing IRI on LPAC meetings as assigned.
- Assist in performing all aspects of new investment sourcing, due diligence, deal structuring, modeling, preparation of investment committee material, deal execution and investment reporting.
- Support new product development activities with a near term focus on private credit (corporate) and ABS sustainable products– create pitch decks, perform research, motivated to contribute to the development of new investment product theses.
- Develop domain expertise in assessing technology driven business models across sustainability (energy transition/decarbonization in the built environment and mobility).
- Maintain relationships with fund managers, co-investors, co-lenders, management teams and other stakeholders.
- Assist senior team members in managing SMAs and strategic financial services investments on behalf of Prudential International Insurance.
- Assume responsibility for maintaining impact measurement frameworks and metrics across the portfolio.
What you will bring
- Bachelor's Degree and 4+ years relevant work experience in private credit investments (investment analysis, structuring, negotiation, or financial advisory)
- Strong background in financial analysis, asset/portfolio management, and deal structuring and a passion to invest in further developing these skills.
- Strong organizational skills and attention to detail with ability to manage multiple projects simultaneously in a fast-paced environment with shifting priorities; a curiosity about and interest in navigating sometimes ambiguous-yet-to be fully defined opportunities.
- Strong underwriting skills with a firm understanding of risk/reward relationships.
- Solid communication and presentation skills, the ability to articulate points of view, strategies, results etc. clearly and credibly.