Credit Portfolio Manager

A globally leading credit investor is seeking an experienced Portfolio Manager to lead and build out a Special Situations strategy in New York. The mandate spans esoteric ABS, specialty finance and niche special situations, with the role carrying direct responsibility for establishing the strategy across areas including ABS, litigation finance, claims, liquidations, IP financing, equipment financing, tax receivables and NAV lending, leading idea generation, position sizing and portfolio construction. The Opportunity Take a senior seat on a well-resourced platform with an established track record and a culture built around rigorous, independent fundamental analysis Contribute to the growth of the credit special situations strategy, with material input into which sub sectors and asset types the book prioritizes over time Operate with significant autonomy in shaping portfolio strategy, while working alongside a seasoned investment team and senior leadership Play a central role in building out a differentiated special situations book, with scope to influence process, risk framework and team build-out over time Help define sourcing channels and originator relationships from the ground up, rather than inheriting an established pipeline Role & Responsibilities Continue the build out the special situations strategy, including defining target sub-sectors, sourcing relationships and underwriting frameworks across esoteric ABS, litigation finance, IP financing, equipment finance and NAV lending Manage a dedicated portion of the special situations portfolio, with accountability for position sizing, risk management, portfolio construction and trade execution Generate and underwrite investment ideas across esoteric ABS and special situations markets Conduct deep fundamental analysis on complex and often uncorrelated assets, including structural assessment, downside scenario modeling and recovery analysis Establish and refine the risk framework, portfolio construction approach and diligence process as the strategy scales Evaluate catalyst-driven and structurally protected opportunities, including bespoke and privately negotiated transactions Monitor existing positions on an ongoing basis, tracking performance, structural developments and evolving market conditions Build and maintain relationships with originators, legal counsel, specialty lenders and other market participants to support deal flow and diligence, laying the groundwork for a durable sourcing network Candidate Profile Established track record as a portfolio manager or senior investor with a strong focus on special situations, esoteric ABS, distressed debt, specialty finance and/or litigation finance Prior experience building or scaling a strategy, desk or book from an early stage, rather than solely managing an established mandate Deep expertise in fundamental analysis of complex or unconventional assets, including structuring, financial modeling and downside/recovery analysis Demonstrated ability to identify and underwrite relative value opportunities across non-traditional and off-the-run credit Comfortable operating with a high degree of independence and conviction, while collaborating effectively within a senior investment team Strong existing network across specialty finance, ABS and litigation finance communities viewed favorably #J-18808-Ljbffr