Private Credit Associate, Strategic Advisers

Job Description:

The Department

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 25 years, SAI has specialized in asset allocation solutions, as well as crafting methodologies for many of Fidelity's investment planning tools to help investors reach their financial goals. With over $1 trillion in assets under management, the SAI team of investment professionals builds and manages asset allocation portfolios for over three million customer accounts.

The Team

Private Markets Research

SAI has established a growing team to source, underwrite and execute private market investments across private equity, private credit, and real assets. This team will be supporting a new product offering enabling Fidelity SAI clients to access private market investments. The Private Markets Research team seeks to originate and evaluate private investment managers and investment opportunities which we believe will outperform public market alternatives through skilled value creation and investment selection.

The Position

In this role, you will work under the guidance of senior team members and the Private Credit Portfolio Manager to perform investment manager and market research. As an initial core member of the Private Credit Research team, you will support the sourcing, due diligence, monitoring, investor reporting, and execution of private credit investments. This role will have an initial focus on Direct Lending, with exposure to various private credit investment strategies and geographies over time.

• Bachelor's degree required; CFA or progress toward CFA a plus
• 3+ years of relevant investment experience; performing private credit manager due diligence preferred, co-investment diligence experience a plus
• Solid understanding of private credit market fundamentals, credit principles, and capital structures
• Leveraged finance or credit-oriented fundamental company analytical and LBO modeling skills
• Strong research, analytical and technical skills with a problem-solving mentality and an orientation to detail
• Proven communication and presentation skills with an ability to discuss issues in a clear, concise manner
• Ability to work collaboratively in a team environment
• Strong proficiency in Excel and Microsoft Office, as well as private market research/benchmarking tools