2026 Blackstone Credit & Insurance, Private Credit Strategies –Off Cycle Intern (London)

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.

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including direct lending, opportunistic credit, private investment grade, asset-based lending, infrastructure credit, and liquid credit & collateralized loan obligations. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals and students across a wide range of disciplines. Our employees’ passion for their work and commitment to their clients have helped Blackstone become one of the most respected financial institutions and a trusted partner. Off Cycle interns are generalists and participate in all aspects of projects and can expect to work on a number of assignments at one time, including all aspects of live deal work. Due to the relatively small size of the professional staff, deal teams are typically small, and interns are therefore expected to assume important and integral roles. Interns are intimately involved with screening, analyzing and structuring of investment opportunities and regularly attend internal and external meetings, negotiations, and due diligence sessions.

Responsibilities:

• Due diligence, financial analysis and modelling
• Market research and benchmarking against market and macroeconomic conditions
• Competitive analysis
• Development of presentations
• Assistance in the execution of transactions
• Drafting of investment memoranda for internal and external use
• Analysis and modelling of deal performance
• Help lead individual research projects, focused on either specific industries or companies

Off Cycle Interns in Private Credit Strategies gain exposure and participate in a wide range of European Credit transactions and assist with our existing portfolio of investments, providing impactful insight and analysis to key internal and external stakeholders, including Portfolio Managers, Chief Investment Officers and investors. Prior internship experience in investment banking, private credit or equivalent is desirable, but not necessary.

What we look for:

Our people are our most valuable asset. They are highly skilled problem solvers who believe challenges represent opportunities. Together with the firm’s entrepreneurial spirit, their unique passions and backgrounds contribute to a diverse, creative and vibrant environment. We’re looking to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:

• Strong communication skills
• A demonstrated ability to write effectively
• Be a collaborative team player with solid work ethic
• Excellent attention to detail
• Good judgement
• Contribute to a positive culture
• High interest in investing

Requirements:

To be considered for the 2026 Credit & Insurance Off Cycle Intern role, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student, or recent graduate
• Anticipated graduation date: 2025 to 2027
• CV must include expected graduation month/year and grade
• CV must be in PDF format
• Available to complete an internship for 6 months beginning in September 2026, however the team can be flexible on start date timing

Application Deadline: Applications will be considered on a rolling basis and will close on 31st July.

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.

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.