Head of Capital Markets & Financing
Fast-growth private credit manager ($40B AUM) with BDCs, CLOs, and private credit funds.
Role Summary
The Head of Capital Markets & Financing will lead the firm’s capital markets function across Corporate, private funds, and affiliated/managed BDCs. Sitting within the CFO organization, this role manages the Financing and Credit Facilities. The position will lead to the negotiation and execution of financing transactions while partnering closely with Credit Portfolio Managers, the CFO, and internal legal on portfolio construction, leverage levels, key terms, and document review.
The platform maintains a diversified financing stack including Corporate facilities (corporate revolver, fronting lines, ABL line, warehouses, secured and unsecured notes, repos) and Fund/Vehicle facilities (subscription lines, asset/secured lines, direct lending CLOs, and a BDC corporate revolver). The Head of Capital Markets & Financing will also assist with ratings agency engagement for corporate ratings, specific financings, and direct lending CLOs, and will build the infrastructure and team needed to operate a scaled borrowing base and financing program. Additionally, the role will coordinate funding and capital management with the platform's primary equity investors.
Responsibilities
- Funding & Leverage Strategy: Develop and execute funding and leverage strategy aligned with portfolio construction, asset eligibility, liquidity buffers, and risk tolerances. Coordinate closely with investment leadership, the CFO, and internal legal on target leverage levels, structural considerations, and key commercial/legal terms.
- Facility Management: Oversee the ongoing management of a diversified set of facilities, including Corporate (revolver, fronting lines, ABL line, warehouses, repos, secured and unsecured notes) and Funds/Vehicles (subscription lines, asset/secured facilities, direct lending CLOs, and BDC corporate revolver).
- Borrowing Base Operations & Infrastructure: Oversee the assessment, selection, and implementation of a borrowing base system (or enhancements to existing tools/processes), establishing operating procedures and controls for eligibility rules, haircuts, advance rates, concentration limits, triggers, and audit trails.
- Team Leadership: Manage and develop a team responsible for day-to-day borrowing base operations, executing funding mechanics, and producing monthly and quarterly lender reports, waterfalls, payment schedules, and compliance certificates.
- Financing Strategy & Transaction Pipeline: Own the forward financing plan (12–36 months) across Corporate, funds, and BDCs, translating portfolio and origination plans into actionable facility sizing, timing, and structures.
- Deal Execution & Structuring: Lead end-to-end execution of new facilities, refinancing, upsizes, extensions, and amendments driving term sheet negotiations to optimize pricing grids, fees, call protection, covenants, and collateral packages.
- Syndication & Relationship Management: Serve as the primary point of contact for administrative agents, collateral agents, trustees, arrangers, and counsel; manage lender groups and syndication processes.
- Covenants & Compliance: Own covenant frameworks and monitoring across Corporate, Funds, and BDCs (leverage/asset coverage, interest coverage, liquidity minimums, concentration limits, and eligible asset tests).
- Ratings Agency Engagement: Assist with ratings strategy and engagement for Corporate facilities/notes and direct lending CLOs, managing initial ratings, surveillance, and methodology updates.
- Interest Rate Risk Management: Develop and execute interest rate risk strategies aligned to the platform's asset/liability profile (swaps, caps, floors) and oversee ISDA/CSA negotiations and counterparty limits.
- Investor Disclosures & Communications: Provide treasury and capital markets inputs for BDC and fund disclosures, board decks, earnings materials, and lender/investor diligence.
- Documentation Oversight & Controls: Coordinate review and execution of financing documentation (credit agreements, indentures, security documents, intercreditor agreements) with robust signatory controls.
- BDC-Specific Support: Support BDC liquidity and financing strategies consistent with regulatory requirements, board expectations, and timely reporting inputs.
- Liquidity Management: Develop and monitor liquidity stress models to size a stress liquidity buffer, coordinating needs with the broader corporate treasury teams.
Qualifications
- Experience: 15+ years serving as head of financing, treasury, capital markets, or leveraged finance roles at a banks, alternative asset manager, BDCs, CLO, ABL, investment banks, or specialty finance platform; proven experience leading negotiations and closing complex financings.
- Product Expertise: Experience with revolvers, ABL/asset-based structures, warehouses/borrowing bases, repos, secured/unsecured notes, subscription lines, asset/secured fund facilities, and direct lending CLOs; familiarity with BSL/fronting structures is a plus.
- Borrowing Base Ops: Demonstrated experience building and overseeing borrowing base processes and teams; experience assessing or implementing borrowing systems is strongly preferred.
- Ratings: Experience managing ratings agency processes and surveillance in Corporate and/or CLO contexts.
- Technical Depth: Strong foundation in liquidity forecasting, covenant and borrowing base mechanics, counterparty/collateral management, interest rate hedging execution, and documentation discipline.
- Education: Bachelor’s degree required; MBA, CFA, or CPA is a plus.
