Principal, Capital Markets

Position Overview

Linden Capital Partners is a Chicago-based private equity firm focused on healthcare. We are seeking a Principal, Capital Markets to lead the Firm’s debt financing activity across new investments and the existing portfolio. This is a senior, highly visible role: as the Firm’s most senior capital markets professional, the Principal will be the primary point of contact with banks, direct lenders, and credit funds, and a genuine thought partner to the investment team at Investment Committee.

Key Responsibilities

1. Lender Relationships & Market Access

• Build and maintain deep, trusted relationships with banks, direct lenders, credit funds, and other capital providers relevant to Linden’s portfolio.
• Develop access to financing sources, including club relationships and bilateral lenders, that creates competitive advantage for the Firm.
• Represent Linden credibly in the market so that lenders view the Firm as a preferred counter party and compete for its business; create competitive tension to achieve differentiated terms.
• Maintain current knowledge of market terms, structures, pricing, and lender appetite across the credit spectrum.

2. Financing Execution

• Lead all aspects of debt financing, from initial structuring through close.
• Develop optimal capital structures in partnership with deal teams, balancing risk, flexibility, and cost; identify creative structures (unitranche, second lien, holdco PIK, preferred equity) where appropriate.
• Drive negotiation of credit agreements, intercreditor arrangements, and related documentation with speed and precision, achieving best terms without damaging relationships.
• Ensure financing timelines never impede deal execution.

3. Portfolio Company Debt Management

• Maintain active command of the debt profile across the portfolio, including maturities, covenant compliance, amendment needs, and refinancing opportunities.
• Proactively identify situations requiring action and drive solutions ahead of problems; lead amendment and waiver negotiations with lenders through stress situations.
• Optimize the portfolio’s cost of capital over the hold period through opportunistic refinancings and dividend recapitalizations, with disciplined judgment on timing and sizing.
• Serve as a strategic advisor to portfolio company CFOs on capital structure decisions.

4. Internal Collaboration & Investment Committee

• Earn the trust and respect of an analytical, highly experienced investment team; be trusted, not just tolerated.
• Contribute to Investment Committee on all financing-related matters, including structure, terms, lender dynamics, and market read, adding insight rather than just information.
• Translate complex debt considerations into clear, accessible frameworks that help the team underwrite investments and manage risk.
• Engage deal teams early and add value before being asked.

5. Internal Operations & Team

• Build and maintain efficient, reliable processes for financing execution across new deals and the portfolio, so deal teams have what they need, when they need it, without unnecessary friction.
• Participate in fundraising and LP-facing discussions where relevant to portfolio performance or strategy, and represent the Firm’s capital markets capabilities as a competitive advantage.
• Operate comfortably across both strategic and executional tasks.

Qualifications & Experience

• Substantial experience in leveraged finance, capital markets, or credit, gained at a private equity firm, bank, direct lender, or credit fund.
• Established, current relationships across the lending community, including banks, direct lenders, and credit funds.
• Demonstrated experience leading financings end to end and negotiating credit agreements, covenants, baskets, and intercreditor arrangements; knows…