Blackstone Logo

Blackstone

Finance - Investment Operations - Perpetuals - Associate

Posted 18 Days Ago
Be an Early Applicant
In-Office
New York, NY
110K-150K Annually
Mid level
In-Office
New York, NY
110K-150K Annually
Mid level
Manage liquidity and cash operations for perpetual private equity funds, including forecasting, scenario modeling, credit facility utilization, cash movements, settlements, financing, reconciliations, and reporting. Partner with investment, accounting, legal, tax, custodial, and financing teams. Supervise junior and offshore support, strengthen controls, support audits, and drive automation and process improvements across fund operations.
The summary above was generated by AI

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. 

Job Title: Investment Operations – Perpetuals - Associate


Job Description:

 The Finance – Operations team is responsible for overseeing fund administration, liquidity management, and portfolio financing activities for Blackstone’s Perpetual Private Equity funds. The role partners closely with investment teams, portfolio management, finance leadership, and external counterparties to optimize fund liquidity, capital deployment, and operational efficiency.

This position is well suited for candidates with experience in fund operations, cash forecasting, or liquidity modelling within private equity, asset management, banking, or alternative investments.


Key responsibilities will include but are not limited to:

  • Lead fund-level liquidity management activities, including cash positioning, liquidity forecasting, and scenario modelling across capital deployments, realizations, financing activities, and investor flows
  • Develop and maintain dynamic liquidity models to support portfolio management, financing decisions, and strategic capital allocation
  • Monitor and optimize utilization of fund credit facilities, including borrowing base calculations, covenant compliance, lender reporting, and capacity planning
  • Manage daily cash operations including cash movements, funding coordination, settlement oversight, and liquidity reporting across multiple entities and accounts
  • Oversee trading, settlement, and operational support for liquid credit and short-term investment positions
  • Prepare and deliver liquidity, leverage, and portfolio financing reporting to senior management including the COO, CFO, Head of Finance, and Portfolio Management teams
  • Monitor and enhance operational controls surrounding cash management
  • Coordinate investment closing and sale-related funds flows with deal teams, legal counsel, tax advisors, custodians, and counterparties
  • Partner with fund accounting teams on transaction accounting, cash reconciliations, and financial statement support under GAAP
  • Supervise and review responsibilities delegated to junior team members and offshore support teams
  • Drive process improvement and automation initiatives related to liquidity reporting, forecasting, and operational infrastructure
  • Support audits, regulatory inquiries, and ad hoc strategic projects as needed

Qualifications:

  • Bachelor’s Degree in Accounting or Finance
  • 3+ years of private equity fund operations, hedge fund operations or private equity fund accounting experience
  • Strong analytical, quantitative, and problem-solving skills with exceptional attention to detail
  • Strong understanding of cash management, liquidity forecasting, financing facilities, borrowing base mechanics, and cash controls
  • Skill to work in a dynamic professional environment and handle multiple projects and deadlines
  • Builds relationships and communicates effectively across multiple levels, functions and regions
  • Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
  • Desire to implement process improvement opportunities
  • A self-starter who works independently
  • Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) required


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:

$110,000 - $150,000

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.

Similar Jobs

23 Minutes Ago
Hybrid
San Francisco, CA, USA
205K-215K Annually
Entry level
205K-215K Annually
Entry level
Artificial Intelligence • HR Tech • Information Technology • Machine Learning • Software • App development • Industrial
Build end-to-end product features from design through delivery, lead projects and product areas, shape technical systems and engineering practices, make pragmatic scalability decisions, and mentor teammates. The role requires strong frontend or backend expertise with the ability to work across the stack, product intuition, cross-functional communication, and ownership in a growing, mission-driven team.
Top Skills: JavaScriptPythonReactReact Native
54 Minutes Ago
Remote or Hybrid
USA
89K-179K Annually
Senior level
89K-179K Annually
Senior level
Consumer Web • Coupons • Healthtech • Social Impact • Pharmaceutical
Analyze and optimize drug pricing using data-driven models, dashboards, reports, and strategic frameworks. Partner with Sales, Operations, Marketing, Finance, Product, pharmacy partners, and data teams to identify opportunities, define success metrics, improve reporting, and balance pharmacy economics with patient affordability. Serve as a trusted analytical advisor and support backend data development and query optimization.
Top Skills: ExcelLookerPowerPointSQLTableau
59 Minutes Ago
Hybrid
67K-101K Annually
Mid level
67K-101K Annually
Mid level
Artificial Intelligence • Automotive • Greentech • Information Technology • Machine Learning • Software • Cybersecurity
Provides technology support for revenue-generating locations, including hardware and software installation, infrastructure monitoring, incident and problem management, root-cause analysis, change implementation, asset documentation, disaster recovery, user training, and client service management. The role troubleshoots end-user devices, maintains availability and security, supports technology projects, manages local service contracts, and collaborates with business and project teams.
Top Skills: As400ItilMS OfficeWapWi-Fi

What you need to know about the San Francisco Tech Scene

San Francisco and the surrounding Bay Area attracts more startup funding than any other region in the world. Home to Stanford University and UC Berkeley, leading VC firms and several of the world’s most valuable companies, the Bay Area is the place to go for anyone looking to make it big in the tech industry. That said, San Francisco has a lot to offer beyond technology thanks to a thriving art and music scene, excellent food and a short drive to several of the country’s most beautiful recreational areas.

Key Facts About San Francisco Tech

  • Number of Tech Workers: 365,500; 13.9% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Google, Apple, Salesforce, Meta
  • Key Industries: Artificial intelligence, cloud computing, fintech, consumer technology, software
  • Funding Landscape: $50.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Sequoia Capital, Andreessen Horowitz, Bessemer Venture Partners, Greylock Partners, Khosla Ventures, Kleiner Perkins
  • Research Centers and Universities: Stanford University; University of California, Berkeley; University of San Francisco; Santa Clara University; Ames Research Center; Center for AI Safety; California Institute for Regenerative Medicine

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account