Job Description

Fund Management Senior Associate / Manager – Private Credit (NYC or Boston)

Location:  New York, NY (preferred) or Boston, MA

Work Model:  Hybrid (3 days onsite)

Level:  Senior Associate or Manager (depending on experience)

A leading global alternative investment firm is building a new  Fund Management team  within its Private Credit business. This is a high-impact role created to support the rapid scaling of deal volume and to centralize the  investment allocation  process across multiple credit vehicles (BDCs, SMAs, SPVs, and levered fund structures).

The firm manages a broad suite of private credit strategies and is known for its collaborative culture, rigorous investment process, and long-term internal mobility. This role offers significant visibility with Portfolio Managers, Treasury, Finance, and senior leadership.

About the Role

The Fund Management Senior Associate / Manager will become the central point of coordination between the investment team and the broader organization— owning investment allocations , ensuring that each asset is placed into the correct vehicle based on mandate, eligibility criteria, constraints, and fund strategy.

This is a new function, starting with hands-on operational allocation work and evolving into a  more strategic capital deployment role , with the expectation that this hire will help grow the team over time.

Key Responsibilities

• Own the investment allocation process  for new deals across BDCs, SMAs, SPVs, and other private credit vehicles.
• Evaluate each asset against  eligibility criteria , mandate constraints, concentration limits, leverage facility terms, and strategy alignment.
• Serve as the  bridge between Portfolio Managers and the rest of the firm , coordinating with Treasury, Finance, Operations, Compliance, and Legal.
• Support  new fund launches , including portfolio construction timing, data setup, and capital deployment.
• Ensure accuracy across reporting, booking, allocations, and system data.
• Partner closely with PMs, providing updates and validating allocation decisions.
• Over time, grow into a more strategic role advising PMs on capital deployment, optimization, and fund structure considerations.

Ideal Candidate Profile

Required Experience

• 2–4+ years  in Private Credit or a closely related structured credit function.
• Direct experience with  fund structures , leverage facilities, or allocation workflows.
• Strong understanding of how private credit vehicles operate (BDC, CLO/CLO-like structures, cap-call facilities, SMAs, SPVs).
• Experience evaluating eligibility, constraints, and concentration metrics.
• Excellent analytical capabilities and comfort working in a fast-paced, deal-driven environment.

Preferred Backgrounds

• Private Credit  middle office , Fund Finance, or Fund Operations with allocation responsibilities.
• Private Credit investment support roles.
• Structured Credit, ABS, or CLO operations/analytics.
• Investment Banking analysts/associates with leveraged finance or structured credit exposure (if comp expectations align).

Compensation

• Competitive base salary (varies by experience level)
• Annual performance-based bonus
• Highly attractive retirement and benefits package, including profit-sharing

Why It's Compelling

• Be part of a  newly built, highly visible team  within a top-tier credit platform.
• Significant interaction with PMs, senior leadership, Treasury, and Finance.
• Clear pathway to grow into Manager level as the team scales.
• Blend of technical fund mechanics, allocations, and strategic capital deployment.
• Opportunity to build processes and influence the evolution of a critical function.

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