Alternative Credit - European Leveraged Loans %26 Private Debt Intern (July %2725)

At AXA IM, we act for human progress by investing for what matters, actively and responsibly. Join us and you’ll build a career in a truly diverse, entrepreneurial organization. You’ll be part of a mission to tackle some of the world’s most stimulating challenges, pushing boundaries and exploring fresh ideas that aim to deliver long-term prosperity.

1. AXA IM Alts
AXA IM Alts is a global leader in alternative investments with over €185 billion of assets under management comprising c.€91 billion of primarily private real estate, over €85 billion of private debt and alternative credit, as well as c.€9 billion in Infrastructure and private equity.

We take a 360° approach to real estate & infrastructure investing with over €132 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow.

AXA IM Alts employs over 830 people located in 17 offices around the world and serves the needs of more than 600 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide.

We pride ourselves on fostering a culture of high performance, which means we seek to recruit and retain people who are not only technically qualified, but also open to the world, innovative and able to harness their unique perspectives and life experiences to support our success as a business.

2. Description of the department
The Leveraged Loans & Private Debt department is a cross-border debt platform (c. €10bn AUM) with a US team based in NYC and a European team based in Paris. The platform strategy is to invest primarily in the Broadly Syndicated Loans market (BSL), meaning rated Corporates issuing Term Loan B in a context of LBO transactions. Main investment vehicles relate to CLOs (Collateralized Loan Obligations), Open-Ended funds and specific mandates.

The European strategy also includes private debt capacity to invest into Mid-Market LBO (Unitranches & banks’ Term Loans) and Euro-Private-Placement (€-PP) transactions.

The team is organized between (i) Portfolio Managers in charge of funds management and trading & (ii) the Research / Analyst team responsible for the credit analysis and performance monitoring of invested positions.

3. The main responsibilities of the role (internship starting January 2025):
As an intern, you will fully contribute to the investment process under the guidance of senior members, including:

1. Assisting the team in the screening and selection process of investment opportunities
2. Performing industry, business and financial analysis for new transactions
3. Building and running cash-flow projection models
4. Presenting opportunities during investment committees
5. Performing regular monitoring of the performance of existing investments in portfolio

4. Profile

Education/Qualifications
- Postgraduate studies in Finance, Management or Engineering
Experience
- Proven interest in Corporate Finance and familiar with LBO transactions
- Previous experience in either a Private Equity, M&A, Private Debt and/or High-Yield platform, Debt Origination or Syndication team, TS or Audit

Competencies
- Candidate must be efficient, proactive, well-organized and have high attention to detail
- Candidate will be asked to demonstrate some degree of autonomy to be able to respond in a timely manner to urgent requests
- Excellent communication skills
- Team player, multi-tasking and ability to work under pressure, very thorough mind and capacity for synthesis
- Fluent in English
- Curiosity

5. What do we offer

• This internship is an excellent opportunity to discover an international working environment. Due to our leading position in the market, you can gain a strong exposure to a variety of Private Asset-backed Financing.
• You will be fully integrated into our team and you will have the opportunity to work together and discover other departments such as Risk Management, IT and Portfolio Controls.
• You will join a growing platform which will allow you to take over real responsibilities rapidly.

Please join us to realize your potential to drive progress, for yourself, our clients and the world in which we live. #JoinUs