Job Description:

Summary

Fidelity Investments is building out a new Chicago-based lending team to go after the large direct lending / private credit market. Our leveraged finance platform targets market middle-market private equity backed businesses that need private financing for LBO’s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates that want to get in on the ground floor, gain a lot of experience / responsibility quickly, and help leverage the Fidelity name in this growing market.

The Group

The High Income & Alternatives group has more than $100B in assets under management (AUM).  The group’s AUM are invested “across the capital structure,” including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group’s investment process. 

The Role

Based in Chicago, this is an opportunity to join a team for the newly formed middle market direct lending strategy of Fidelity’s High Income & Alternatives group.  This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual should have a strong desire to become a private debt and leveraged credit investment professional, an understanding of credit markets and experience financing companies based on cash flows as well as assets. Success in this role will require excellent work ethic, a self-starter mentality, and the ability to work independently, while also collaborating within a growing team. This role will report to the Head of Direct Lending for the High Income & Alternatives group.

Responsibilities

The Associate will be an active and contributing member in all aspects of origination, due diligence, and relationship/portfolio management. These responsibilities include, but are not limited to:

Interfacing with investment bankers, company management and private equity sponsors

Investment screening, including financial modeling and industry research

Assisting on all levels of due diligence on potential investments

Creating investment committee presentations

Participating in legal documentation and supporting ongoing portfolio management reviews

Qualifications

We are seeking candidates who have the following characteristics:

Bachelor’s Degree in a relevant field required, advanced degree a plus

1-5 years of experience at a premier leverage lending firm, a top investment banking program, and/or a leading transaction advisory firm

Advanced financial modeling skills and comfort dealing with a variety of capital structures

Comfort participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals

Excellent written and oral communication skills

Collaborative and proactive personality

Standards

The following standards are considered to be fundamental to the way in which our company operates:

Responsibility

Integrity

Compassion

Expertise

Certifications:

Company Overview

At Fidelity Investments, our customers are at the heart of everything we do. As a privately held company with a rich 75-year history, our mission has remained the same since our founding: to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning and growth so you can build the career you’ve always imagined. We welcome associates from different backgrounds and with different perspectives to help us innovate and make a difference for our customers and our communities.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations @fmr.com, or by calling 800-835-5099, prompt 2, option 2.

Fidelity will continue to keep the safety of associates and customers as our top priority and this will never change. As the pandemic evolves and Federal, State, and Local regulations emerge, it has become clear that knowing the vaccination status of all associates is critical to our safety efforts.

Therefore, Fidelity will require all candidates to disclose their COVID-19 vaccination status during the hiring process, and if vaccinated, provide proof of vaccine.

This is not a requirement to be vaccinated. It is a requirement to report vaccination status and, if vaccinated, provide proof.