Strategic Development - New York, NY, United States - Pretium

Description

Associate and/or Vice President, Strategic Development

Pretium is a specialized alternative investment management firm focused on U.S. residential real estate, residential credit, and corporate credit with more than $50 billion of assets under management.

Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy.

S.

housing, residential credit, and corporate and structured credit markets, and believes that its insight and experience within these markets give the Firm its strategic advantage.

We are seeking an experienced Associate and/or Vice President on the Strategic Development team to be involved in all aspects of driving strategy and principal investments as a generalist across Pretium businesses and its various operating platforms.

Pretium's Strategic Development team leads the origination and execution of key firm-wide initiatives including mergers and acquisitions (M&A), growth equity raises, strategic partnerships, and fund optimization.

This position will report to the Managing Director on the Strategic Development team and is based in New York City in accordance with the Firm's hybrid (in office 3 days per week) schedule.

Work closely with senior management (CEO, President, Head of Strategy, COO & CFO) in the development of firmwide strategy.

Maintain regular dialogue with target companies' management teams and advisors.

Work closely with Firm investment platforms and operating company management teams to optimize execution.

Understand and monitor key trends, strategies and competitive positioning within the alternative asset management industry.

4-6 years of work experience of which at least 2+ years of experience in investment banking, transaction advisory or private equity (FIG, M&A, Real Estate or buy-side experience is a plus).

ability to develop and maintain effective business relationships with leadership and management teams.

Strong financial modeling skills.

Robust interest in long-term value creation and continued management of investments.

Sample Transactions Led and Closed by the Strategic Development Team

Acquisition of more than 4,000 homes from D.

2022:
Developed strategic partnerships and closed financing and equity capital raise for strategic opportunity fund to acquire operating platforms

Acquisition of Anchor Loans and associated financing ( link )

Take-private of SFR operator, Front Yard Residential (


NYSE:
RESI) ( link )

Strategic partnership with public insurance company, American Equity Life (


NYSE:
AEL), consisting of both asset investment capital and growth equity ( link )

Acquisition of distressed credit investment platform, Latigo Partners ( link )

Acquisition of mortgage special servicer, Selene Holdings ( link )

Acquisition of mortgage originator, Deephaven Mortgage ( link )

Employer-paid health, dental, vision and life insurance

11 firm holidays

Hybrid office/work from home arrangement (in office minimum of 3 days per week)

All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

#