The Goldman Sachs Group, Inc

Asset & Wealth Management, Credit Secondaries & Portfolio Finance - Vintage Credit Opportunity Partners (VCOP), Associate - New York

The Goldman Sachs Group, Inc$100K — $170K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 3 years in investing, preferably in credit or closely related fields
  • Strong numerical, analytical, and valuation skills
  • Proficient in asset valuation modelling and complex cash flow waterfalls
  • Familiar with business model analysis methodologies
  • Effective communication, presentation, and negotiation skills
  • Strong time, people, and project management capabilities
  • Ability to collaborate effectively in a global team environment

Responsibilities

  • Conduct due diligence to evaluate various credit deal transactions
  • Drive portfolio valuation and modeling to guide investment decisions
  • Prepare investment committee materials and present opportunities clearly
  • Collaborate with external advisors and legal counsel during transaction processes
  • Support team development and sourcing initiatives across the vertical

Benefits

  • Valuable and competitive benefits and wellness offerings
  • Strong overall employee experience focus from Goldman Sachs
Full Job Description
Job Description

Vintage Credit Opportunity Partners leverages the expansive and deep General Partner (GP) and Limited Partner (LP) relationships of the Vintage secondaries platform, XIG and Goldman Sachs to source and execute credit secondaries and portfolio finance transactions. From a dedicated pool of capital, VCOP seeks to provide liquidity solutions across two main categories:
  • Credit Secondaries. VCOP seeks to acquire existing direct and indirect credit portfolios through a range of transaction structures.
  • Portfolio Finance. VCOP provides innovative and highly bespoke structured liquidity and financing solutions to GPs and LPs in exchange for priority over assets and / or cash flow streams and management company economics, and at times via securitization structures. Note: these are not traditional NAV loans or subscription facilities.

https://am.gs.com/en-us/institutions/products/secondaries

Responsibilities:
  • Conduct commercial and financial due diligence to evaluate transactions across credit deal types that the Vintage Platform focuses on:
    • Credit continuation vehicles, with a focus on fundamental company-level due diligence, valuation and transaction structuring
    • Limited Partner secondary transactions, with a focus on fundamental asset-level valuation within diversified credit portfolios across a broad range of sectors
    • Portfolio finance transactions, involving lending and structured asset-backed liquidity solutions for Limited Partners (backed by funds), private equity sponsors (backed by portfolio companies, or management company revenue streams), and other owners of private assets, such as family offices and corporates
    • Other credit secondary transactions, including the acquisition of direct and indirect portfolios of private credit and strategic transactions with credit asset managers
  • Drive portfolio valuation and modelling to inform investment decisions
  • Drive investment committee materials and present investment opportunities to the Investment Committee through written and oral presentations, and conduct thoughtful follow-up analysis
  • Work with external advisers, legal counsel and counterparties to advance transaction diligence and execution
  • Support vertical-wide initiatives through team development, relationship development and transaction sourcing

Requirements:
  • Minimum of 3 years of experience in investing roles: preference for credit (or credit adjacent) experience, but experience in Private Equity, Secondaries and other principal investment strategies or advisory roles (Investment Banking or Management Consulting) will be considered.
  • Excellent numerical, analytical and valuation skills
  • Proficiency in modelling for the purposes of asset valuation and complex transaction cash flow waterfalls
  • Knowledge of key methodologies to analyse business models, competitive advantages and threats
  • Strong presentation, communication and negotiation skills enabling the candidate to make robust recommendations to the Investment Committee and interact effectively with third parties
  • Excellent time, people and project management skills
  • Ability to work effectively as part of a global team


Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$170000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

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Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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