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About this role

About BlackRock Private Markets

BlackRock’s private markets platform serves investors seeking outperformance in infrastructure, private debt, private equity, real estate and multi-alternatives solutions. We strive to bring our investors the highest quality opportunities by drawing upon our global footprint, superior execution capabilities, proprietary technology and position as a preferred partner. As of Sept. 30, 2023, BlackRock manages US$331 billion in liquid and illiquid alternative investments and commitments on behalf of clients worldwide.

About BlackRock Private Credit

BlackRock has built industry-leading private credit capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Credit clients globally.

Position Overview

The Private Credit business development team’s role is to foster (i) greater depth of client relationships, (ii) specific and extensive private credit strategy experience, and (iii) a differentiated service element to help BlackRock meaningfully and more rapidly increase its footprint in a quickly growing and increasingly competitive private credit asset class. The team will do so by leveraging its product expertise, proprietary and long-tenured client relationships and proven history of executing successful private credit fundraises. The business unit, which focuses primarily on outward client-facing engagement, incorporates two core (and complementary) functions, each of which require experienced and robust product knowledge: (1) fundraising (in collaboration with internal distribution partners, and existing and prospective clients) and (2) servicing existing clients.

This individual will be responsible for the delivery of efficient fundraising and/or client service execution in order to meet the objective of promoting growth and development of our private credit business. This hire will have a meaningful impact on the team’s day-to-day achievement of its goals through raising client funds and meeting client needs.

Key Responsibilities:

• Work in close partnership with BlackRock’s Institutional and Retail Client Business teams, Credit Portfolio Managers, Alternative Specialists and Product Strategists to provide coordinated client coverage

• Responsible for raising meaningful capital for the firm’s Private Credit Strategies

• May assume responsibility for client coverage on a regional/national basis or for certain client types and assign similar responsibilities to more junior professionals

• Extensive working knowledge of all factors affecting a fundraise including meaningful input to firm decision-making regarding strategies for which we are seeking to raise capital, planning and developing the most saleable narrative, identifying key re-up clients and prospective clients, determining cadence and timing of our client approach, working directly with clients and collaborating internally to raise client capital, working through complex issues involving structure/tax/legal, negotiating all core documents in concert with L&C, and closing client commitments into our funds

• Assists in client follow up, requests and analysis as opportunities progress

• Identifies unique opportunities to expand our Private Credit business through product adjacencies that add value to the platform

• Identifies opportunities that may help establish or expand relationships with largest prospective clients (fund-of-one, multi-strategy mandates, etc.)

• Serves as an ambassador for the firm and is viewed by client/consultants as a senior-level BlackRock representative

• Attends (when appropriate) industry events/conferences and is capable of joining in a speaking/presenting role to represent BlackRock

• Demonstrates strong working knowledge of key market trends and developments

Skills/Qualifications:

• Extensive experience in and knowledge of the asset management industry, specifically a deep knowledge of public and private credit strategies; demonstrated success in raising capital across a broad array of clients

• Capacity to move fluently between clients, relationship managers and portfolio managers to provide value add perspective and deliverables

• Proven sales background –smart, articulate and highly motivated

• Understanding of key drivers of success and a working knowledge of our competitors

• Ability to effectively execute on decisions in a fast-paced environment

• Ability to demonstrate clear insight into key issues in the global markets affecting institutional investors from both an investment, client service and regulatory perspective

• Strong intellectual ability and interpersonal skills to establish credibility with the senior leaders of the Firm

• Ability to lead by example with high ethical standards and a strong work ethic

• FINRA Series 7, 63 licenses (or ability to obtain within 6 months)

For New York City only: The salary range for this position is $205,000 - $260,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.