Associate, Leveraged Finance

Make an impact at a global and dynamic investment organization When you join CPP Investments, you are joining one of the world’s most admired and respected institutional investors. As a professional investment management organization, CPP Investments invests the funds of the Canada Pension Plan (CPP) to help ensure its financial sustainability for generations of working and retired Canadians.

CPP Investments invests across regions and asset classes to build a globally diversified portfolio. It holds assets in public equity, private equity, real estate, infrastructure, and fixed income, and the CPP Fund is projected to reach $3.6 trillion in assets by 2050. The organization is headquartered in Toronto with offices in Hong Kong, London, Mumbai, New York City, São Paulo, and Sydney.

CPP Investments successfully attracts, selects, and retains talented individuals from top-tier institutions worldwide. Join our team for access to:

Stimulating work in a fast-paced and intellectually challenging environment

Accelerated exposure and responsibility

Global career development opportunities

Diverse and inspiring colleagues and approachable leaders

A hybrid-flexible work environment with an emphasis on in-person collaboration

A culture rooted in principles of integrity, partnership, and high performance

An organization with an important social purpose that positively impacts lives

If you have a passion for performance, value a collegial and collaborative culture, and approach work with the highest integrity, invest your career here.

Role Summary We are seeking a highly motivated and adaptable individual to join our high performing team as an Associate in the Capital Solutions Group in the Credit Investments department in Toronto. This role will be focused on the Americas Leveraged Finance strategy which invests in corporate debt of non-investment grade sponsored and non-sponsored issuers in North and Latin America.

As an Associate, you will have the opportunity to work in small teams, evaluate investment opportunities, conduct due diligence, develop recommendations, prepare for investment committee meetings, participate in the negotiation and execution of investments, and monitor and manage investments.

Credit Investments currently manages assets in excess of $80.5 billion; investment deal sizes range from $50M to over $1B. The Credit Investments team has over 147 investment professionals across North America, Europe and Asia.

The Americas Leveraged Finance team specializes in both liquid and illiquid debt across the capital structure in the primary and secondary markets, including first lien loans, second lien loans, unitranche loans, high-yield bonds, convertible bonds, bridges, mezzanine debt, and preferred equity.

Accountabilities & Qualifications Accountabilities

Research, analyze and evaluate credit investment opportunities across the capital structure

Assist in the negotiation of key deal terms, including legal documentation, and running a full private deal process

Lead the development of financial models to assist in investment evaluation, structuring and financing

Oversee preparation of analytical investment reviews and recommendations including industry overviews, written investment rationales and due diligence reviews

Assist in presenting investment recommendations to Investment Committees

Collaborate and manage relationships with various counterparties both internally and externally (investment banks, private equity sponsors, other lenders, etc.)

Develop relationships with management teams as part of monitoring portfolio companies’

Manage and guide the work of junior team members and assist departmental initiatives, processes and meetings

Qualifications

2 to 4+ years of experience post undergraduate studies in either credit investing, private equity or financial services firm focused on leveraged finance, debt capital markets, corporate banking, or investment banking

Strong critical thinking, analytical and research skills including experience evaluating and building financial models

Solid, demonstrated oral and written communication skills

Experience in conducting complicated due diligence work under a compressed timeline, contributing to deal sourcing activities and working with external stakeholders (e.g., management, sponsors, investment banks, etc.)

Ability to provide insightful thoughts regarding relative value across the capital structure and between different credits

Desire to live in Toronto and some travelling

Strong intellectual curiosity, a fast learner, and a team player

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

Our Commitment to Inclusion and Diversity In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

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