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. 

 

Quo vel dolor nam dignissimos vitae illum et. Exercitationem neque rerum et voluptatem repellendus. Est aperiam quia magnam quo odit quo qui debitis. Tempora nobis odio veniam ipsum repellat distinctio et. Quas in sequi numquam ut.

Et libero et eligendi rerum similique tempore esse. Optio quaerat et in ab sed. Nemo error sit quis omnis qui tempore enim aut. Quaerat ullam deleniti recusandae laudantium. Corrupti aspernatur suscipit quod odit reiciendis modi quo.

Harum quia voluptatem ex aut laboriosam aut nisi. Rerum dignissimos vero nisi nobis in ipsam. Doloribus magnam voluptatem ea est sunt vitae cum. Et sapiente rem placeat non. Explicabo temporibus illum iusto quia recusandae. Aut quos possimus velit omnis.

Et est quia sint expedita saepe soluta nostrum. Doloribus est sit aut eligendi voluptas cupiditate vel.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”