Fund Manager, Private Credit in London

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long‑term investment and savings solutions.

Opportunity M&G is a long‑established player in Private Credit, serving a global client‑base and with three decades of experience. The Private Corporate Credit team manages €10 billion across liquid and illiquid strategies, including broadly‑syndicated loans, high‑yield bonds and direct lending, with sustainability fully embedded in the investment process. As the business continues to grow, we are seeking an Associate Fund Manager to join the investment team. The role offers broad exposure across portfolio management, idea generation and client engagement, with a clear pathway to lead fund management responsibility over time. You will work in a high‑conviction, analytical environment that values sound judgement, intellectual curiosity and collaboration.

The Role

• Support senior fund managers in the construction and management of private corporate credit portfolios, with increasing responsibility for specific mandates over time.
• Contribute to portfolio‑positioning, risk assessment and relative value analysis across liquid and less liquid strategies.
• Generate and develop differentiated investment and trading ideas.
• Participate in fundamental credit analysis and investment decision‑making.
• Monitor performance, attribution and adherence to risk frameworks.
• Communicate investment views and activity to clients and internal stakeholders.
• Build and maintain relationships with banks, sponsors and advisers alongside the wider team.

About You

• Meaningful experience in sub‑investment‑grade corporate credit, ideally including leveraged finance; exposure to restructurings is advantageous.
• Strong understanding of complex capital structures and portfolio construction.
• A well‑developed market network across banks and private equity sponsors.
• Appreciation of clients’ objectives and expectations in a fund management context.
• Familiarity with ESG integration and sustainable investment frameworks.
• CFA or equivalent professional qualification (preferred).

Working Environment

Private Corporate Credit sits with Private & Structured Credit, part of M&G’s €100 bn Private Markets platform. The team has a long track record in European leveraged finance and manages a range of co‑mingled funds, SMAs and CLOs.

What we offer

• As a savings and investment firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of employer contributions and 5% employee contributions.
• We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services.
• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy.
• Our market‑leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy and paternity leave.
• Health & protection cover including private healthcare, critical illness cover and life assurance for you, with family options.

M&G is proud to be a Disability Confident Leader, and we welcome applications from candidates with long‑term health conditions, disabilities, or neuro‑divergent conditions. M&G has a diverse workforce and an inclusive culture, underpinned by our policies and employee‑led networks. We provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long‑term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.