Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

2025 Blackstone Credit & Insurance, Asset Management H2 Off Cycle Intern

Blackstone

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 nearly $1.2 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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone Credit & Insurance:

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. 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.

Job Description:

Off-Cycle Interns in Blackstone’s Credit & Insurance Asset Management Group gain exposure to the management of a diverse portfolio of investments. The team is responsible for overseeing the existing portfolio, providing impactful insight and analysis to key internal and external stakeholders, including Portfolio Managers, Chief Investment Officers and investors. Additionally, the Asset Management Group is equipped to provide targeted interventional support in distressed and special situations.

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. Due to the relatively small size of the professional staff, teams are typically small, and interns are therefore expected to assume important and integral roles.

Interns will work within one of two specialised areas:

Portfolio Insights: Focused on analyzing portfolio performance, benchmarking against market conditions, and generating actionable insights to optimize investment outcomes.

• Benchmark investments against market trends, competitive landscapes, and macroeconomic conditions to evaluate relative performance.
• Produce actionable insights and recommendations to support Portfolio Managers, Chief Investment Officers, and other key decision-makers.
• Perform detailed portfolio analysis to support ICS’ ongoing fundraising efforts and due diligence queries.
• Monitor trends and emerging developments in the market to identify risks and opportunities for the portfolio.
• Participate in specific asset management processes and contribute independent analysis and insights based on data.

Restructuring and Special Situations: Focused on providing strategic support for distressed investments, including restructurings, recapitalizations, and other value-maximizing interventions.

• Interacting closely with portfolio company management teams
• Developing multi-year business plans, corporate strategy and determining financial objectives
• Building liquidity monitoring tools such as weekly cash flow forecasts and financial models
• Exploring options for asset monetization at a portfolio company, including M&A, sale and wind-down / liquidation
• Develop presentations and assist with deal-specific issues, providing clear and concise communication of findings and recommendations.

Qualifications

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgement and have demonstrated excellence in prior endeavours.

The successful candidate must possess:

• Strong verbal and written communication skills
• A desire to work in a team environment with dynamic roles
• A basic knowledge of accounting and finance
• Self-motivation to find solutions independently, and humility to acknowledge limits and uncertainties
• Sincere commitment to personal and professional development
• Excellent attention to detail
• Intellectual curiosity
• Good judgement

To be considered for the H2 2025 Off-Cycle Intern position, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student or having just graduated
• CV must include expected graduation month/year and grade and should be in PDF format
• Must be able to start between September/October 2025 and be available for up to six months

Knowledge of accounting and finance and experience of investment banking are desirable, but not necessary.

The Principles that Matter Most:

• Accountability
• Excellence
• Integrity
• Team Work
• Entrepreneurship

Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.

Application Process

Submit application

Complete Pymetrics online gaming and video interview

Interviews

Superday

Offer

Please note: This is a sample recruitment process, times and stages may vary between business areas and regions.

Application Deadline

• Applications will close on Friday 27 June
• Applications are reviewed on an ongoing basis

If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.

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. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.