Asset & Wealth Management, Direct Lending Americas, Associate - New York

Job Description
ABOUT GOLDMAN SACHS ALTERNATIVES
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2025.
The Private Credit business at Goldman Sachs Asset Management is one of the world’s largest private credit investing platforms with approximately $145bn of AUM and investment professionals based in the US, Europe, Asia and Australia. The Private Credit business originates investments across senior secured loans, mezzanine/unsecured debt, preferred equity and opportunistic credit and invests both the firm’s capital and capital raised from outside investors across a wide range of industries.
Direct Lending Americas (“DLAM”) Associate Role - NYC
The Direct Lending Americas (“DLAM”) team originates, executes and manages credit investments across the Firm’s senior loan and mezzanine strategies in the Americas. DLAM focuses primarily on sponsor-backed transactions for middle market to large cap companies across a wide range of industries. DLAM’s scale allows us to play a leadership role in transactions, either as the sole or largest lender in a capital structure. This facilitates organic relationship development with sponsors and management teams.
Associates work as part of small deal teams responsible for identifying, diligencing, structuring, executing and monitoring investments, and are involved in a wide variety of high profile transactions across the capital structure in a variety of industries.
Responsibilities

Support investment ideas across the product suite of Private Credit via early engagement with relevant parties (e.g., financial sponsors / company management teams for the private-side investing platforms)
Engaging in all aspects of due diligence and business analysis to develop and refine investment theses
Participating in structuring, negotiating and documenting investments
Communicating and defending investment theses to internal stakeholders and committees, including relevant Private Credit Investment Committees
Actively monitoring existing investments in the portfolio
Building relationships with sponsors, management teams and internal GS stakeholders
Qualifications

Undergraduate Bachelor's degree required; Minimum of 2 years of Investment Banking (Leveraged Finance, Industry Coverage or M&A preferred) or Principal Investing experience
Passion for investing with specific interest in credit / other structured products
Strong quantitative, financial modeling, analytical and problem-solving skills
Excellent verbal and written communication skills
Flexible and creative mindset; ability to analyze a variety of industries and businesses
Ability to self-direct, analyze and evaluate and form independent judgments
Ability to interact and build relationships with a wide variety of people