Goldman Sachs Asset Management, Hybrid Capital, Analyst, London

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Asset Management

A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.

The Hybrid Capital team within the Goldman Sachs Asset Management Alternatives business is looking for a full-time analyst to complement its team in London.

Hybrid Capital is Goldman Sachs Asset Management’s flagship “all-seasons” strategy. It combines the expertise of the legacy Merchant Banking’s private equity and direct lending businesses with the Special Situations Group. Hybrid Capital provides solutions for businesses seeking non-control alternatives to traditional private equity or growth equity, cost of capital optimization or greater flexibility than traditional debt. It principally deploys the West Street Strategic Solutions Fund I, a $14bn fund raised in 2020.

Analysts work as part of small deal teams responsible for identifying, diligencing, structuring, executing and monitoring corporate private debt and structured private equity investments. Analysts are involved in a wide range of high profile transactions across the capital structure and in a variety of industries / geographies investing in instruments ranging from secured debt to minority common equity. The role is highly analytical with emphasis on fundamental valuation, financial modelling, analysis of financial accounts, and legal documentation. The work is deal-focused and exciting, and will bring you in contact with a wide range of businesses, industries, geographies, investment structures and products as well as advisors and management teams.

Responsibilities

• Engaging in all aspects of due diligence and business analysis including but not limited to financial modelling / analysis, fundamental valuation analysis, market research, competition analysis to develop and refine investment theses
• Participating in structuring, negotiating and documenting investments
• Communicating and defending investment theses to internal stakeholders and committees, including relevant AMD and Firm-wide Investment Committees
• Actively monitoring existing investments in the portfolio
• Originating investment ideas via early engagement with relevant parties (e.g., financial sponsors, company management teams, founders)
• Building relationships with sponsors, management teams and internal GS stakeholders

Qualifications

• Investment Banking candidate with 0.5 to 2 years of experience
• Strong academic record with Bachelor’s degree, Master’s degree or equivalent in Finance, Economics, Business Studies, Industrial Engineering or a related discipline from a distinguished academic institution required
• Prior internship experience in private equity, private credit is a plus
• Strong quantitative, financial modelling, analytical and problem-solving skills
• Passion for investing with an interest in complex credit and equity investments
• Flexible and creative mindset; ability to analyze a variety of industries and businesses
• Confident verbal and written communication / interpersonal skills essential
• Solid work ethic and high levels of motivation required
• Excellent MS Excel skills essential and knowledge of MS Power Point
• Fluency in one or more of French, German, Italian or Spanish is an advantage
• Ability to self-direct, analyze and evaluate and form independent judgments
• Excellent organizational skills and attention to detail required