BlackRock Alternatives Credit Division

Hi all, junior recruiting for SA opportunities at the moment - I've been looking for more information on the credit alternatives division for BlackRock, but I haven't had much luck so far. Could anyone provide me with more information? I'm specifically curious about the prestige and exit opportunities (assuming someone returns for FT after the internship). Thanks so much!

 

Idk about exits but its the former Tennenbaum Capital Partners and they look at primarily 6-12% IRR for Direct Lending and 12%+ IRR for Opportunistic with a bit more focus on direct lending lately. The former TCP was a shop that did hairy private deals in the lending. Do a combination of project finance, LBO finance, refinancing, speciality finance, rescue financing, and acquisition financing. 

If in New York, afaik, its broken up into the Lev Fin,  Direct Lending and Opportunistic Credit. 

 

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