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- Tasks: Lead the origination and management of Private Credit and Alternative Income investments.
- Company: USS is the UK's largest pension scheme, dedicated to securing financial futures.
- Benefits: Enjoy flexible working, generous leave, personal development support, and health services.
- Why this job: Make a real impact while collaborating with experts in a vibrant, inclusive culture.
- Qualifications: Experience in private credit transactions and strong financial modelling skills required.
- Other info: Join a diverse team committed to responsible investing and community support.
The predicted salary is between 72000 - 108000 £ per year.
Investment Director – Private Credit & Alternative Income
Investment Director – Private Credit & Alternative Income
Investment Director – Private Credit and Alternative Income
Business Area: Private Markets
Place of Work: London
Contract Type: Permanent
When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career.
Given our size, you\’ll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.
Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.
About the role
In your role as Investment Director – Private Credit and Alternative Income you will make a meaningful and valued contribution from the outset.
This role will provide a great opportunity to lead the origination, underwriting, and monitoring of Private Credit and Alternative Income (PCAI) investments.
The role will focus on transactions in the Matching Asset Strategy, including core infrastructure, renewable energy, digital infrastructure and real estate-backed credit.
The successful candidate will work alongside colleagues in the Investment and Asset Management Teams, as well as the Property team on select transactions.
What you will be doing
As a trusted part of the Private Markets you will:
- Originate and execute transactions on direct opportunities, private funds, and co-investment structures globally, making formal investment recommendations to the Private Markets Investment Committee.
- Manage and oversee end-to-end transaction processes, liaising with internal stakeholders and managing external workstreams including legal, credit, financial, and tax due diligence.
- Identify attractive investment themes and develop origination roadmaps to execute transactions, providing long-duration investment-grade credit exposure to USS.
- Build and manage key origination relationships with sponsors, GPs, intermediaries, and corporates.
- Deliver value-added asset management throughout the investment lifecycle, leveraging advisors and servicers, and presenting updates or recommendations to Portfolio Review Committees.
- Represent USS at industry events and conferences, promoting PMG’s investment strategy and team.
- Participate in PCAI’s management forum, contributing to strategy, prioritisation, and operational improvements.
- Provide line management and mentoring to junior team members.
About you
We know that sometimes people can be put off applying for a job if they don\’t tick every box. If you\’re excited about working for us and have most of the skills or experience we\’re looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.
To be successful in the role you will have:
- Experience underwriting direct private credit transactions.
- Strong origination network, ideally in UK infrastructure and energy transition.
- Proven ability to lead transaction negotiations independently.
- Experience managing M&A and debt underwriting processes.
- Excellent financial modelling and company valuation skills.
- Strong organisational skills with ability to manage multiple workstreams and meet deadlines.
At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.
We\’re also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual\’s unique career path, driving this forward with the support of an engaged and proactive management team.
Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!
How we will reward you
- Generous annual leave package
- Access to a high quality pension scheme provided through Universities Superannuation Scheme
- Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
- Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
- Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
- Learning and development opportunities to develop your skills, knowledge and talent
- Employee Volunteer Day’s to support the communities where you work and live
- Cycle to Work Scheme
Our culture and values
Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves.
Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:
- Integrity
About us
Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK.
We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit
The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £25 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities Superannuation Scheme (USS).
By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG\” approach to investing which allows us to maximise origination, due diligence, transaction execution and asset management by tailoring the right mix of skills.
Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed a strong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.
PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies including Heathrow Airport and Moto, and, through its holdings, is an established presence in the UK renewables sector. We also hold governance positions through our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.
Being part of USS Investment Management (USSIM), the in-house manager for the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strong ESG credentials across its investments.
USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting
Universities Superannuation Scheme (USS) is the UK’s largest pension scheme by assets, with £90.8bn under management (31 March 2022), dedicated to pro…
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Universities Superannuation Scheme Limited
Universities Superannuation Scheme Limited
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Investment Director - Private Credit & Alternative Income | London, UK employer: Universities Superannuation Scheme Limited
Contact Detail:
Universities Superannuation Scheme Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Investment Director - Private Credit & Alternative Income | London, UK
✨Tip Number 1
Network actively within the private credit and alternative income sectors. Attend industry events, conferences, and seminars to meet potential colleagues and stakeholders. Building relationships with key players can give you an edge in securing this role.
✨Tip Number 2
Stay updated on current trends in private credit and infrastructure investments. Familiarise yourself with recent transactions and market movements, as this knowledge will be crucial during interviews and discussions with the hiring team.
✨Tip Number 3
Demonstrate your leadership skills by sharing examples of how you've successfully managed transaction processes or mentored junior team members in previous roles. This will show that you can thrive in a collaborative environment like ours.
✨Tip Number 4
Prepare to discuss your origination strategies and how you would approach building relationships with sponsors and GPs. Having a clear plan will impress the interviewers and show your proactive mindset towards the role.
We think you need these skills to ace Investment Director - Private Credit & Alternative Income | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in private credit transactions, M&A processes, and financial modelling. Use specific examples that demonstrate your ability to lead negotiations and manage multiple workstreams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with USS's focus on private credit and alternative income, and highlight your strong origination network in UK infrastructure and energy transition.
Showcase Your Skills: Clearly outline your skills in underwriting, transaction management, and relationship building. Provide concrete examples of how you've successfully executed transactions or managed teams in previous roles.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Check for any spelling or grammatical errors, and ensure that your formatting is consistent and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at Universities Superannuation Scheme Limited
✨Showcase Your Transaction Experience
Be prepared to discuss your previous experience with underwriting direct private credit transactions. Highlight specific deals you've worked on, the challenges you faced, and how you overcame them. This will demonstrate your hands-on expertise and ability to lead negotiations.
✨Network Like a Pro
Since a strong origination network is crucial for this role, come ready to talk about your connections in UK infrastructure and energy transition. Mention any key relationships you've built with sponsors, GPs, or intermediaries that could be beneficial for the company.
✨Demonstrate Financial Acumen
Brush up on your financial modelling and company valuation skills. Be ready to discuss how you've applied these skills in past roles, particularly in managing M&A and debt underwriting processes. This will show your analytical capabilities and readiness for the responsibilities of the position.
✨Emphasise Organisational Skills
Given the need to manage multiple workstreams, share examples of how you've successfully juggled various projects in the past. Discuss your strategies for meeting deadlines and ensuring all aspects of a transaction are handled efficiently, which will highlight your organisational prowess.
