Managing Director

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Blackstone's Treasury Capital Markets team is responsible for leading funding, liquidity, and risk management initiatives for both Blackstone and the funds it manages. The team partners closely with investment professionals, finance teams, business leadership, and external financial institutions to structure and execute innovative financing solutions that support the Firm's strategic objectives.

The Managing Director will be responsible for driving the strategic direction, execution, and management of the Firm's fund financing and capital markets activities across Blackstone's global platform.  In addition, the Managing Director will be a key partner to senior business leaders across Private Equity, Real Estate, Credit & Insurance, Infrastructure, and other investment businesses, while maintaining strategic relationships with banking counterparties and external advisors.

Key Responsibilities

Strategic Leadership

• Lead Blackstone's Treasury Capital Markets strategy, overseeing fund financing, debt capital markets, and risk management activities.
• Develop and execute financing initiatives that support the growth and evolving needs of Blackstone's investment platforms.
• Serve as a trusted advisor to senior leadership on funding strategy, liquidity management, capital structure, and market developments.

Fund Finance & Credit Facilities

• Lead the structuring, negotiation, and execution of subscription credit facilities, NAV financing, asset-backed facilities, and other fund-level leverage solutions.
• Oversee the full lifecycle of financing facilities, including origination, syndication, amendments, refinancings, extensions, compliance monitoring, and lender management.
• Evaluate and implement innovative financing structures to optimize liquidity, flexibility, and cost efficiency across the platform.
• Monitor covenant compliance, funding exposures, and market risks, ensuring appropriate priorities and governance structure.

Debt Capital Markets

• Lead corporate and fund-related debt capital markets transactions, including bond issuances and other financing initiatives.
• Maintain awareness of capital market conditions and proactively identify financing opportunities and risks.

Risk Solutions

• Oversee foreign exchange and interest rate risk management strategies across the Firm and its investment vehicles.
• Collaborate with business leaders to assess current and projected exposures and identify opportunities for the Risk Solutions team to add value

Relationship Management

• Serve as the primary relationship manager for lending institutions, investment banks, and other financing partners.
• Negotiate complex financing arrangements and maintain a broad network of market participants.
• Represent Blackstone in industry discussions and external stakeholder engagements.

Team Leadership

• Lead, mentor, and develop a high-performing Treasury Capital Markets team.
• Foster a culture of collaboration, accountability, and continuous innovation along side other Treasury functions including Middle Office, Payments and Cash Management.
• Drive process enhancements, automation initiatives, and technology investments to improve scalability and operational efficiency.
• Partner closely with Operations, Finance, Legal, Technology, and investment teams to deliver best-in-class solutions.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Business, or a related quantitative discipline.
• 15+ years of relevant experience in treasury, fund finance, capital markets, investment banking, asset management, or a related field.
• Significant experience with subscription facilities, NAV financing, asset-backed lending, and other fund-level financing products.
• Extensive experience structuring and executing complex financing transactions.
• Deep understanding of alternative asset management, private markets, fund structures, and capital markets.
• Proven track record managing lender relationships and negotiating credit documentation.
• Exceptional communication, leadership, and stakeholder management skills.
• Experience leading and developing teams while managing multiple strategic initiatives simultaneously.

#LI-DNI

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$270,000 - $300,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.