Vice President, Private Credit Middle Office, PFS - Delaware

About this role

Company Description

HPS Investment Partners, a part of Black Rock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds;

asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC ("HCM"), a subsidiary of JPMorgan Asset Management ("JPMAM"). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the "Transaction"). [i] Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022.

In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, Black Rock acquired the business and assets of HPS, with 100% of consideration paid in Black Rock equity (the "HPS/Black Rock Transaction").

The HPS/Black Rock Transaction brings together Black Rock's corporate and asset owner relationships with HPS's diversified origination and capital flexibility. Black Rock and HPS have formed a new private financing solutions business unit ("PFS") led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets.

[ii] This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, [iii] offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/Black Rock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined Black Rock's Global Executive Committee, and Scott Kapnick has been appointed as an observer to the Black Rock Board.

Department Description

The Middle Office team (MO) within Private Financing Solutions (PFS) - Blackrock's private credit platform - is responsible for ensuring the Fund's positions and cash balances are accurate. They manage the lifecycle of all trades/investments. They are responsible for trade capture, trade settlement, loan administration, daily cash and position reconciliations, corporate action elections/recordings, audit requests, new mandate onboarding, and PnL break analysis and resolution with fund administrators.

MO handles ad-hoc requests that come from the deal team and/or separately managed account clients. The team interacts closely with the Deal Execution, Treasury, Fund Accounting, Fund Finance, Cash Management, Portfolio Analytics, Data Analytics, Valuations and the Deal Teams daily.

Position Description

PFS is seeking a Vice President to join the Middle Office Operations team. The individual should be highly organized with strong attention to detail, written and verbal communication skills. They should have the ability to meet strict deadlines, work independently and as part of a team, as well as possess excellent critical thinking/problem-solving skills. The platform is scaling very rapidly, so the desire for a fast-paced environment is crucial.

Responsibilities

Specific responsibilities will include but not be limited to the following:

+ Oversight and resolution of cash breaks vs. custodians

+ Researching and resolving position breaks vs. custodians/clients/administrators/other systems

+ Perform cash and asset reconciliations between…