Asset Based Finance Associate
About Sixth Street Asset Based Finance Sixth Street, a leading global investment firm dedicated to developing innovative investment strategies and fostering growth across various stages of business, is seeking an Associate for its market leading Asset Based Finance team. The Sixth Street Asset Based Finance group is at the forefront of asset/platform investing and origination, working across diverse financial markets, including residential and commercial mortgages, consumer assets, commercial equipment, renewables and energy finance, infrastructure debt and transportation. The Asset Based Finance team is a critical strategic capital partner and investor to companies and management teams and a solutions provider at scale. The Role This is a full-time Investing Associate role based in New York. As an Associate on the Asset Based Finance team, you will be responsible for analyzing, underwriting, and executing structured finance transactions across asset classes. Core Responsibilities Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments Assist in preparing investment committee memos, diligence memos, and other investment analyses Accountability – ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.) Monitor positions on an ongoing basis and perform quarterly valuations of investments Interface and negotiate with external counterparties What We Value Highly self-motivated, entrepreneurial, and team-oriented candidates with strong modeling skills Commercial and Results Orientation Team orientation and influencing skills High Trust and Integrity Strategic / Entrepreneurial Mindset Strong combination of organizational and interpersonal/communication skills Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred Preferred 2-4 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience Experience underwriting, structurin...