Infrastructure Debt Analyst / Associate / Vice President

This is a key hire within a newly established European infrastructure debt platform, launched as part of a broader strategic expansion. You’ll play a central role, contributing to the build-out of a new team across Paris and London, with strong early responsibility and visibility. Active participation in the launch of an inaugural fund, targeting a structurally underserved segment of the market with strong demand/supply imbalance. Role offers full-cycle exposure across origination, underwriting, execution and portfolio management of debt investments. Investment focus across core infrastructure sectors including telecom, transportation, energy and social infrastructure, with a pan-European remit.

Primary Responsibilities:

• Origination & market coverage
• Proactively develop and maintain relationships with sponsors, infrastructure funds, corporates, banks and advisors to generate deal flow.
• Identify debt opportunities aligned with the platform’s sector focus and risk-return strategy.
• Monitor market trends and contribute to the definition of investment themes in a rapidly evolving European infra debt market.
• Underwriting & execution
• Lead/contribute to credit analysis and structuring of debt investments.
• Complete the analysis, modelling and evaluation of investments, performing sensitivity analysis and benchmarks.
• Build and challenge financial models and downside scenarios, assessing risk-adjusted returns.
• Participate in deal structuring, pricing and documentation negotiations alongside senior team members.
• Coordinate external advisors and ensure efficient execution of transactions.
• Assist with in-house industry and company investment research for the European market.
• Contribute to the production of investment documents.
• Portfolio management
• Monitor performance of portfolio companies and identify potential credit risks early.
• Engage with borrowers, sponsors and co-investors to support value preservation and optimisation.
• Contribute to internal reporting and portfolio reviews.
• Platform build-out
• Support the development of investment processes, tools and reporting frameworks.
• Contribute to establishing the investment credibility and track record of the platform.

Key Requirements/Qualifications:

• You will have demonstrable experience of:
• Infrastructure debt, structured finance or credit investing within European markets.
• Strong financial modelling skills with ability to assess downside risk and credit fundamentals.
• Solid understanding of debt structures, including subordinated and hybrid instruments.
• Ability to manage multiple transactions and interact effectively with sponsors, lenders and advisors.
• Strong team orientation and ability to operate in a growing and evolving investment platform.
• BA or BSc degree from a leading University, preferably with MBA, CFA, ACA.
• Proficiency in written and spoken English. Other European languages would be a plus.

Our Global Benefits Framework is centred around these 3 key attributes: Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs. Inclusivity - Fit for purpose and competitive, no matter who or where you are. Longevity - Long Term and sustainable in design. Inclusion is one of ICG’s key values and we are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve. Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law. We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.

Our Purpose: Creating value by providing capital to help businesses develop and grow through private and public markets.

Our Vision: Global leadership in alternative asset management, focusing on a core set of outstanding products and creating value for shareholders, clients and employees.

Our Culture: Our culture centres around long-term relationships with a wide range of stakeholders; sustainable investment excellence; and a world class team demonstrating integrity, diversity and collaboration.