Credit and Insurance, Chief Investment Office Summer Analyst; Asset Allocation

2027 Blackstone Credit and Insurance, Chief Investment Office Summer Analyst (Asset Allocation, Capital Formation, Structuring)

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non‑investment grade credit, real assets and secondary funds, all on a global basis.

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors, spanning private investment grade, asset‑based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. BXCI also provides investment management services for insurers.

The 10‑week in‑person Summer Analyst Program offers extensive exposure across the firm, mentorship, technical and soft‑skill training, and networking opportunities.

The Structuring team is responsible for creating rated investment vehicles, developing new investment structures, leading novel investment design and execution, liaising with fundraising teams, and preparing models and presentations. Summer Analysts will work closely with all OCIO functions, origination teams and the broader BXCI platform.

• Asset / portfolio due diligence
• Cash flow modeling
• Preparation of Investment Committee materials
• Preparation of marketing materials (e.g., fundraising, financing proposals)
• Review and drafting of legal documentation
• Management of ratings process
• Develop and maintain portfolio management and monitoring tools

The Asset Allocation team delivers Blackstone’s investment management expertise to insurers and multi‑asset credit clients.

• Support portfolio management team on portfolio construction and asset allocation
• Generate reports to track market conditions for tactical asset allocation discussions
• Produce materials for investment portfolio reviews
• Perform ad‑hoc portfolio analysis for insurance clients including M&A activity
• Collaborate to develop bespoke investment solutions across fixed income and alternative products
• Construct detailed financial models and valuation analyses
• Conduct insurance industry research and analysis

The Summer Analyst works with the capital formation team on liability origination, including CLOs, BDC bond issuances, secured debt structures, etc.

• Participate in debt financings and structuring, drafting proposals, committee materials, and portfolio analytics
• Conduct financial analysis for potential investment opportunities, market benchmarking, fund economics, and investment strategy
• Assist through all transaction phases from outreach to execution
• Prepare ad‑hoc materials for senior management and investment committee review
• Monitor performance of existing financing/structured vehicles and provide updates
• Use financial models to project future liability needs based on scenarios
• Manage rating agency partnerships and internal stakeholder communication
• Conduct market research and competitor analysis on BDCs, closed‑end funds, CLOs and credit markets
• Prepare quarterly reporting packages for external use

• Strong interpersonal and communication skills, written and verbal
• Strong analytical skills
• Desire to work in a team environment with dynamic roles
• Sincere commitment to professional development
• Excellent attention to detail
• Strong work ethic, intellectual curiosity, good professional judgement and collegial attitude

• Currently enrolled as an undergraduate student
• Anticipated graduation date:
  Fall 2027 – Spring 2028
• Resume must include expected graduation month/year and GPA
• Resume must be in PDF format

Expected annual base salary range: $110,000 - $110,000. Actual base salary will be determined by experience, skills, qualifications, and location. Complementary compensation and…