ABOUT THE TEAM The Credit Investments team focuses on direct, investment grade and non-investment grade credit investment solutions across private and public markets. The global team invests across the capital structure, including revolving credit facilities, loans, bonds, preferred equity and rescue finance. The team is responsible for sourcing, evaluating, executing and monitoring investments across a diversified portfolio.
The Manager will play a key role in the growth and management of PSP's Credit Investments portfolio, with a primary focus on North American and European infrastructure debt opportunities. Based in Montre9al, the employee will be focused on infrastructure lending, project finance, asset-backed financing, portfolio construction, and long-term value preservation aligned with PSP's investment objectives.
ABOUT YOUR ROLE As a
Manager, Credit Investments, you'll:
Investment Origination & Opportunity Assessment- Work closely with the Credit Investments Senior Team to originate infrastructure debt investment opportunities with core partners
- Lead the evaluation and screening of infrastructure debt investment opportunities across sectors including transportation, energy, renewables, digital infrastructure, utilities and social infrastructure
- Develop investment theses and underwriting strategies aligned with PSP's long-term investment mandate, portfolio objectives and risk-return framework
- Contribute to the development and execution of Infrastructure Debt portfolio strategies by sector, geography and financing structure
- Assess market trends, regulatory developments and industry dynamics to identify emerging opportunities and risks affecting the infrastructure debt market
Investment Analysis & Transaction Execution- Lead complex credit underwriting and due diligence processes for project finance, corporate infrastructure debt, acquisition financing and structured lending transactions
- Oversee financial modelling, valuation analysis, credit assessments and downside scenarios, validating key assumptions and identifying principal investment risks
- Coordinate multidisciplinary teams across Legal, Tax, Risk Management, ESG, Finance and Operations throughout the investment execution process
- Lead negotiations of financing terms, covenant packages, security arrangements and transaction documentation with borrowers, sponsors and lending syndicates
- Prepare and present investment recommendations to senior leadership and Investment Committees, articulating key risks, mitigants and expected portfolio contribution
Portfolio Management & Value Creation- Lead the ongoing monitoring and asset management of infrastructure debt investments, including financial performance, covenant compliance, project milestones and refinancing activities
- Identify potential credit deterioration risks and develop strategies to protect and enhance investment value
- Evaluate secondary market opportunities, amendments, restructurings and follow-on investments to optimize portfolio performance
- Maintain effective relationships with borrowers, sponsors, co-lenders and portfolio company management teams to support long-term investment outcomes
- Ensure infrastructure debt investments remain aligned with portfolio construction objectives, risk limits and PSP's overall investment strategy
Leadership & Investment Communication- Mentor and develop Analysts, Senior Analysts and Associates by providing technical guidance, investment coaching and feedback throughout the investment process
- Drive collaboration and dialogue with other asset classes within PSP, most notably the PSP Infrastructure Equity team
- Review and challenge underwriting analyses, financial models and investment recommendations produced by junior team members
- Lead investment discussions and contribute to strategic planning activities within the Infrastructure Investments platform
- Influence decision-making through clear, concise and compelling communication of investment opportunities and portfolio matters to senior stakeholders
- Foster collaboration across investment groups to identify cross-platform investment opportunities and best practices
WHAT YOU'LL NEED - Bachelor's degree in finance, Accounting, Economics, Business Administration or a related discipline.
- Approximately seven (7) + years of relevant experience in direct lending, private credit, leveraged finance, investment banking, private equity or a related investment environment
- Prior work experience in Infrastructure/Energy origination or investing is required
- Demonstrated experience leading complex credit underwriting, due diligence and transaction execution processes
- Strong financial modelling, valuation, accounting and credit analysis skills
- Proven ability to exercise sound investment judgment and challenge assumptions through robust analysis.
- Experience managing multiple stakeholders and influencing outcomes in a fast-paced investment environment
- Strong negotiation, relationship management and communication skills
- Demonstrated ability to mentor and develop junior investment professionals
- Professional designation: CA or MBA and/or completed final level of CFA designation is an asset. CFA designation (completed or in progress) is considered an asset
- Good communications skills in English and French (or willingness to learn) (regular interactions in English with investment partners based outside of Quebec Example: peers, bankers, brokerage firms, etc. and PSP employees in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)
We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:
- Investment in career development
- Comprehensive group insurance plans
- Competitive pension plans
- Unlimited access to virtual healthcare services and wellness programs
- Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
- A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
- Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
- A hybrid work model that includes four in-office days, Monday through Thursday
- The opportunity to work temporarily from another location in accordance with the applicable policy
*Benefits package may vary based on your employee type.
