Head Capital Markets & Fund Financing rapidly expanding private credit investment firm ($40B Assets Under Management) operating associated Business Development Companies (BDCs), private credit funds, and CLO funds.
Position Overview Head Capital Markets & Fund Financing will direct the organization's funding and capital markets operations spanning the corporate entity, private funds, and associated BDCs.
This leadership role oversees Financing and Credit Facilities Management Team.
You will spearhead the structuring, negotiation, and closure of funding agreements.
The organization utilizes a varied capital structure, including:
Corporate: Corporate revolving credit facilities, fronting lines, asset-based lending (ABL), warehouse facilities, secured/unsecured bonds, and repurchase agreements (repos).
Funds & Vehicles: Subscription credit facilities, asset-backed lines, direct lending collateralized loan obligations (CLOs), and a BDC corporate revolver.
Additionally, this position is responsible for developing the framework, systems, and personnel required to operate an expansive borrowing base and funding program.
Responsibilities:
Capital, Leverage & Liquidity Planning
- Drive the strategic financing roadmap (1-3 years out) for the corporate entity, funds, BDCs, and leveraged finance arm, ensuring origination goals match facility capacities, timelines, and structures while adhering to liquidity needs and risk parameters.
- Choose appropriate financing instruments (e.g., broadly syndicated loans, warehouses, repos, ABL, secured/unsecured debt, CLOs) and collaborate with investment heads, the CFO, and legal counsel to establish leverage targets.
- Cultivate global banking partnerships to optimize credit limits against the firm's wallet share; oversee debt maturities and diversification, proactively anticipating refinancing requirements.
- Execute liquidity stress scenarios to secure sufficient buffers against contingencies like delayed syndications or revolver usage, aligning these plans with the treasury groups of the firm's strategic equity partners.
Transaction Execution & Legal Documentation
- Manage the complete lifecycle of new credit facilities, refinancings, expansions, extensions, and modifications—from initial structuring to final closing—working closely with the CFO, investment leads, and in-house legal on final documents.
- Spearhead term sheet discussions to maximize financial terms and operational agility, covering pricing margins, OID, unused fees, covenants, collateral terms, and concentration limits.
- Act as the primary liaison for administrative agents, trustees, and syndication groups; oversee diligence, data rooms, and coordinate external service vendors.
- Supervise the review and authorization of credit agreements, security filings, and intercreditor pacts, maintaining strict control over key terms and signatory processes.
Borrowing Base Administration, Systems & Compliance
- Direct the procurement and rollout of a borrowing base platform (or upgrades to current systems), encompassing vendor selection, control design, user acceptance testing, and launch.
- Formulate policies and guardrails for borrowing base operations, detailing eligibility criteria, advance rates, haircuts, concentration thresholds, and audit processes.
- Supervise the team handling daily operational tasks such as borrowing base calculations, funding mechanics (drawdowns, repayments, fee settlements), and recurring lender compliance reporting.
- Oversee covenant compliance (e.g., leverage, interest coverage, minimum liquidity) across all entities, managing any necessary waivers or amendments and closely monitoring financial headroom.
- Collaborate with Operations, Fund Accounting, and investment groups to ensure accurate data sourcing and prompt reporting.
Credit Ratings & Interest Rate Risk Management
- Drive the engagement strategy with rating agencies for corporate debt and direct lending CLOs, overseeing all related presentations, analytics, surveillance, and inquiries.
- Formulate and implement interest rate hedging programs (swaps, caps, floors) tailored to the firm's asset/liability mix; manage ISDA/CSA negotiations, margin requirements, and counterparty limits alongside the Audit and Controllers teams.
BDC & Stakeholder Reporting
- Support the BDC's financing roadmap in compliance with regulatory mandates and board directives.
- Supply crucial treasury data for BDC/fund financial disclosures, earnings reports, and investor diligence (including cost of debt, maturities, covenant buffers, and secured/unsecured ratios), ensuring alignment with the MD&A in partnership with Legal and Compliance.
Requirements:
- Experience: Minimum of 10 years in treasury, capital markets, or leveraged finance within an alternative asset manager, BDC, investment bank, or credit fund, demonstrating a proven history of closing complex financing structures.
- Product Knowledge: Deep understanding of revolving credit, ABLs, warehouse lines, borrowing bases, repos, CLOs, and subscription facilities. Knowledge of BSLs and fronting structures is highly advantageous.
- Borrowing Base: Prior success in designing or directing borrowing base teams and workflows. System evaluation/implementation experience is heavily favored.
- Ratings: Background in navigating rating agency relationships and surveillance for corporate entities or CLOs.
- Technical Skills: Strong command of liquidity forecasting, covenant tracking, collateral management, interest rate hedging, and legal documentation discipline.
- Education: Bachelor's degree is mandatory; holding an MBA, CFA, or CPA is a strong plus.
