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Investment Professional - Specialty Finance

Investment Professional - Specialty Finance

Prospect CapitalNew York, NY, US
30+ days ago
Job type
  • Permanent
Job description

Job Description

Job Description

Salary :

Investment Professional Specialty Finance

The Firm

Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B of assets under management, and pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has permanent capital and utilizes a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

With offices in New York City, Connecticut, and Florida, the firm is comprised of 150+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

The Position

Prospect Capital is seeking a professional to join its Specialty Finance Group. This individual will focus on a broad mandate of debt and equity investment opportunities in the specialty finance sector including :

  • Consumer Finance - consumer lending, secured / unsecured installment loans, and auto loans
  • Commercial Finance - small business lending, merchant cash advance, factoring, and asset-based lending
  • Leasing

In this role, you will :

  • Gain exposure to a wide variety of specialty finance asset classes / alternative investments and contribute to the ongoing management of these investments.
  • Participate in and grow into leading all aspects of the investment process, including idea generation, origination, evaluation, underwriting, negotiating, closing, and exiting
  • Conduct fundamental analysis of private credit and private equity investment opportunities across a wide range of industries and situations
  • Monitor and manage portfolio investments
  • Work in small deal teams directly with senior management, with an ability to have an outsized impact on the success of each investment and the firm overall
  • Desired Skills and Experience

  • Experience in the consumer finance space, in particular with consumer lenders (e.g. installment lenders, buy now pay later BNPL, and subprime / high APR lenders)
  • Experience with small business lenders (e.g. merchant cash advance MCAs)
  • Demonstrated track record of excellence in academic, professional, and personal endeavors
  • Relevant prior experience in private equity, investment banking, credit, management consulting, or other highly analytical and demanding roles
  • Ownership mentality and strong organizational skills, as incoming investment professionals are responsible for managing and coordinating nearly all aspects of the investment process
  • Strong verbal and written skills investment professionals are expected to interact every day with financial sponsors, company management teams and senior management
  • The anticipated annual base salary range for this position is $100,000 - $300,000 plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.

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