BlackRock - Alternatives (BAI)
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!
Are you undergrad?
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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
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Hi hmmsk,
How is your interview at BlackRock credit going?
was wondering if you could share any insights?
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.
Hired an guy with a good reputation out of Citi's distressed desk into London BlackRock.
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.
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