BlackRock - Alternatives (BAI)

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Any thoughts about this group?
How is their reputation?
Comp/exit opps/skills?
BAI vs PMG/FMG/PAG?

European openings are in London and Zurich.
It is under Investments umbrella.

Short description:

ABOUT:
The BlackRock Alternative Investors (BAI) team is responsible for strategic planning and oversight across BlackRock's 100+ billion alternatives investment platform including alternative solutions, direct hedge fund strategies, hedge fund solutions, real estate, infrastructure, private equity solutions and private market opportunities.

OUR TEAM IS KNOWN FOR:
-BlackRock Alternative Investors (BAI) has a global presence with approximately 500 employees in 20+ offices
-BAI invests across the spectrum of alternative strategies on a global platform with institutional-quality market depth, access and execution
-BAI leverages proprietary risk management tools and our deep expertise to build customized alternative investment portfolios

AS AN ANALYST YOU WILL:
-Learn the basics of the investment process within alternative investments and become an active participant
-Gain deeper understanding and appreciation of the alternative investment industry
-Conduct analysis of returns/financial modeling and learn to identify of drivers of return
-Partner with team members to perform risk analysis and investment research
-Develop a comprehensive understanding across all alternative asset classes

TEAMS AT A GLANCE:

Alternative Solutions
Alternative Solutions manages
customized multi-asset alternative
investment portfolios for institutional
clients. Our team is responsible for
investment strategy, research, asset
allocation, risk reporting and advisory
services on multi-alternative
investment strategies.

Real Estate
BlackRock's Real Estate team
manages investments across the four
quadrants of the real estate market
including private equity, private debt,
public equity (REITS) and public debt.
Our team has experience investing
globally in all major real estate
markets.

Private Equity Partners
Private Equity Partners (PEP)
manages private equity funds of funds
and direct co-investment programs.
PEP's diversified portfolios include
primary and secondary private equity
funds and direct co-investments in
both commingled and customized
separate account structures.

Hedge Fund Strategies
Hedge Fund Strategies is responsible
for the strategic development of
BlackRock's internal hedge fund
platform. The team oversees business
management, strategy and product
development across our hedge fund
platform.

BlackRock Alternative Advisors
BlackRock Alternative Advisors (BAA)
manages traditional funds of hedge
funds portfolios and provides custom
hedge fund solutions. Our team
invests in external hedge funds and
has deep experience in structuring
and managing core hedge fund of
funds and custom portfolios.

What do you guys think?
Is this a good place to start a career?
Which team would be the best choice?
How does this compare to BB/EB M&A/RX/LevFin experience, given that I'm interested in certain HF/PE roles down the road (special sits/distressed debt/pere/etc)?

Thanks!

Comments (11)

 
Best Response
Oct 6, 2015 - 5:59pm

BlackRock Alternative Credit (Originally Posted: 11/08/2014)

Hi guys,

wanted to know if anyone knows any bit of detail on the BlackRock credit alternatives team / division.

On their website they seem to call it special credit opportunities, but from what I understand they mostly deal with high yield.

Just wanted to get thoughts / views from anyone that knows something about it. Have been approached to interview for this division, would be fundamental credit research. I'm coming from BB IBD.

I am interested in credit and find it very interesting + happy I got approached. But would want to know more if this division is more of a credit hedge fund, with a more aggressive strategy, or more of a plain vanilla, long only asset manager, and if it is indeed a good place to go.

Any comments / insights welcome.

Thanks

 
Oct 6, 2015 - 6:02pm

They just launched a brand new special situations credit fund, which is what you are probably interviewing for. You should google the 2 PMs to get a sense for what they will be doing.

I dont think anyone will be able to answer your questions because they just raised money and probably dont have a full team in place yet.

Recommend you look at the prospectus.

Array
 
Oct 6, 2015 - 6:04pm

Hey guys,

thanks for the bits of info.

Process took a little bit, but that's to be expected, esp with the holidays an all. Had the first round and it seems they liked me, so likely to schedule another round in the coming weeks. Nothing unexpected really, just a few questions on my experience, some technical questions, and then an improptu company pitch. Second round will likely be with more people and a case study, don't know the details of the case study.

I've taken a look into the team and they look to be quite good guys. Invest across the capital structure with c. 80/20 debt/equity; long/short. Am somewhat exited about it, let's see.

The high yield space has taken a bit of a hit this past quarter due to the energy companies getting hit bad, but they're still hiring.

If there are any further views on this group within BlackRock, would still like to hear it. If anyone's got any questions for me, please feel free.

 
Oct 6, 2015 - 6:05pm
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