Associate, Leveraged Finance

Purpose. Performance. People.

Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.  

 

With a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide. 

 

For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contribute to outcomes that matter alongside team members committed to excellence and shared success. 

Role Summary:

We are seeking a highly motivated and adaptable individual to join our high performing team as an Associate in the Capital Solutions Group in the Credit Investments department in Toronto. This role will be focused on the Americas Leveraged Finance strategy which invests in corporate debt of non-investment grade sponsored and non-sponsored issuers in North and Latin America.

As an Associate, you will have the opportunity to work in small teams, evaluate investment opportunities, conduct due diligence, develop recommendations, prepare for investment committee meetings, participate in the negotiation and execution of investments, and monitor and manage investments.

Credit Investments currently manages assets in excess of $80.5 billion; investment deal sizes range from $50M to over $1B. The Credit Investments team has over 147 investment professionals across North America, Europe and Asia.

The Americas Leveraged Finance team specializes in both liquid and illiquid debt across the capital structure in the primary and secondary markets, including first lien loans, second lien loans, unitranche loans, high-yield bonds, convertible bonds, bridges, mezzanine debt, and preferred equity.

Accountabilities & Qualifications:

Accountabilities:

• Research, analyze and evaluate credit investment opportunities across the capital structure

• Assist in the negotiation of key deal terms, including legal documentation, and running a full private deal process

• Lead the development of financial models to assist in investment evaluation, structuring and financing

• Oversee preparation of analytical investment reviews and recommendations including industry overviews, written investment rationales and due diligence reviews

• Assist in presenting investment recommendations to Investment Committees

• Collaborate and manage relationships with various counterparties both internally and externally (investment banks, private equity sponsors, other lenders, etc.)

• Develop relationships with management teams as part of monitoring portfolio companies’

• Manage and guide the work of junior team members and assist departmental initiatives, processes and meetings

Qualifications

• 2 to 4+ years of experience post undergraduate studies in either credit investing, private equity or financial services firm focused on leveraged finance, debt capital markets, corporate banking, or investment banking

• Strong critical thinking, analytical and research skills including experience evaluating and building financial models

• Solid, demonstrated oral and written communication skills

• Experience in conducting complicated due diligence work under a compressed timeline, contributing to deal sourcing activities and working with external stakeholders (e.g., management, sponsors, investment banks, etc.)

• Ability to provide insightful thoughts regarding relative value across the capital structure and between different credits

• Desire to live in Toronto and some travelling

• Strong intellectual curiosity, a fast learner, and a team player

You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment. 

We provide colleagues with cutting-edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.

 

Inclusion & Accessibility

CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs. 

 

Attention: Protect Yourself from Fraud

CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday. 

CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making.

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