Vice President – Credit Secondaries
Location: London
Reporting to: Managing Director
Strategy: Credit Secondaries (LP Portfolio Acquisitions, GP-led Transactions, Structured Solutions)
Overview
Tier 1 fund is seeking to appoint a Vice President to join its Credit Secondaries investment team. The role will focus on the evaluation, execution and portfolio management of secondary transactions across private credit strategies, including direct lending, opportunistic credit and structured credit exposures.
The successful candidate will play a leading role in underwriting complex portfolio transactions, pricing diversified credit exposures and managing execution workstreams through to completion.
This is a core investment role with meaningful responsibility and direct exposure to senior leadership and Investment Committee.
Key Responsibilities
Investment Evaluation & Underwriting
- Lead detailed analysis of LP portfolios and GP-led secondary opportunities
- Conduct asset-level credit underwriting across diversified portfolios
- Build and own complex portfolio cash flow models, pricing frameworks and return analysis
- Assess structural considerations including leverage, waterfalls and fund-level economics
- Formulate investment recommendations and draft Investment Committee materials
Transaction Execution
- Coordinate commercial, legal, tax and structuring workstreams
- Engage directly with GPs, LPs, sponsors and advisors
- Negotiate key commercial terms alongside senior team members
- Manage due diligence processes end-to-end
Portfolio Management
- Monitor portfolio performance and risk exposures
- Lead periodic valuation analysis
- Prepare internal and external reporting materials
- Support portfolio construction and capital deployment strategy
Team Contribution
- Mentor Associates and Analysts
- Contribute to strategic discussions around fund deployment and pipeline development
Experience
8–10 years of experience within:
- Credit Secondaries
- Private Credit / Direct Lending
- Leveraged Finance
- Credit Hedge Funds
- Structured Credit
- Demonstrated experience leading credit underwriting processes
- Experience preparing and presenting Investment Committee materials
Prior exposure to secondaries transactions, NAV-based financing or GP-led processes is strongly preferred.
Technical Skills
- Advanced financial modelling capabilities (portfolio-level cash flows, IRR analysis, downside stress testing)
- Strong understanding of capital structures and credit documentation
- Ability to analyse diversified portfolios under varying information conditions
- Commercial judgement and risk assessment capability