Associate ​/ Vice President, Credit Opportunities

# Associate / Vice President, Credit Opportunities Industrial Opportunity Partners Associate / Vice President Private Credit On-site

Location

Evanston, United States Compensation Competitive , depending on experience; title (Associate or VP) calibrated to the candidate

Date Posted August 6, 2026

Region Americas Stay  ahead of the market

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** Role overview
** Industrial Opportunity Partners (IOP), a Chicago-area private equity firm investing out of its fourth fund in middle-market manufacturing and distribution businesses, is adding an Investment Team professional at the Associate or Vice President level focused on its Credit Opportunities strategy.
** Key responsibilities**- Screen, source and evaluate borrowers and credit facilities, including capital structure, covenant and intercreditor analysis, and recovery/waterfall modeling
- Underwrite new transactions across both credit opportunity and traditional buyout deal flow
- Build and manage financial models; conduct business and industry diligence to underwrite opportunities
- Support debt financing for buyouts (lender outreach, diligence, underwriting)- Attend management presentations and lender meetings; coordinate with counsel, advisors, and restructuring professionals
- Participate in portfolio company management, attend board meetings, and track KPIs throughout the ownership process
** Qualifications**- 3-6 years of experience across special situations/distressed investing, restructuring advisory, leveraged finance, private credit, M&A investment banking, or private equity
- Familiarity with capital structures and credit documentation (credit agreements, intercreditor and security documents) and out-of-court workouts / Chapter 11 mechanics
- Strong financial modeling, valuation, and recovery/waterfall analysis skills for both equity and credit investments
- Eligibility to work in the U.S. without sponsorship
** Compensation & location
** Based in Evanston, Illinois (~10 miles north of downtown Chicago). Compensation is competitive and depends on experience, with the final title (Associate or Vice President) calibrated to the candidate's background. IOP is currently investing out of its fourth private equity fund focused on U.S. middle-market manufacturing and distribution businesses.

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