Principal, Private Debt

MidStar Capital

Toronto, ON

MidStar is an ambitious business in a high growth phase of its development. We have an immediate need for a Principal level candidate in Toronto to help drive the origination effort, sourcing future investments opportunities along with deal execution and portfolio management.

What You Will Do

The individual will focus on business origination through their network of contacts / referral sources and will also engage in the evaluation, execution, documentation and closing of new senior and junior debt transactions. The individual will have an entrepreneurial mindset and the desire to win as part of a high-quality team in a rapidly expanding asset class.

Responsibilities will include, but are not limited, to the following:

• Business development through existing network along with the development of new referral sources and direct drive origination in the Canadian mid-market. Relationships will include the C-suite of middle market corporate companies, financial sponsors, advisors, lawyers, and other financial institutions
• Contribute to the development of a differentiated leader in the Canadian mid-market lending space
• Analyze various market trends and identify opportunities
• In depth analysis of potential investment opportunities
• Review and analyze detailed financial models, including valuation and return analysis, ratio analysis, cash flow analysis, and various risk scenarios.
• Guide financial and operational due diligence including all aspects of the underwriting process
• Lead due diligence and investment recommendation presentations for Investment Committee.
• Ongoing relationship management of investments along with internal and external stakeholders
• Work closely with the Partners of the fund along with members of Connor, Clark & Lunn Financial Group’s support teams in the areas of finance and accounting, investment performance measurement, marketing, etc.
  
  

What You Bring

• Ambition – A desire to win and play a significant part in building a market leading private debt franchise
• Resilience – the resilience to thrive in an entrepreneurial environment within an emerging asset class
• Experience: You have 5 – 10 years of relevant experience in private debt, leveraged finance, investment banking and/or corporate finance/transaction advisory services. Strong background in financial modelling, research, and analysis, and exposure to a high number of transactions. Exposure to the US private debt mid-market would be considered an asset
• Knowledge: You have an undergraduate degree in a related field. Master’s degree in a related field would be considered an asset, as would other financial designations such as CPA or CFA. Strong credit background is an asset; proficient in all phases of capital structure analysis, including investment analysis of 1 st and 2 nd lien financings
• Communications: Excellent oral and written communication skills
• Team-Oriented: Engaging, entrepreneurial and able to work independently, while also comfortable working in a team
• Credit Fundamentals: Excellent account and financial statement analysis skills, building and working with financial models in Microsoft Excel, along with due diligence and underwriting skills.
  
  

About Connor, Clark & Lunn Financial Group

At CC&L Financial Group, we understand the value of opportunity – for our clients and our team. Independent and employee-owned, we partner with investment professionals to grow successful asset management businesses, giving them the space to innovate and truly make an impact.

Founded in 2017, MidStar is a Toronto-based private lender focused on providing solutions to Canadian mid-market companies operating across a variety of industries. The business has a rapidly growing portfolio of 1 st lien, Uni-tranche and 2 nd lien investments. MidStar is an affiliate of Connor, Clark & Lunn Financial Group Ltd., an independently owned multi-boutique asset management firm whose affiliates are collectively responsible for over $139 billion in assets under management on behalf of institutional, private and retail clients.

For a closer look at how you can build your career with us, we invite you to explore cclgroup.com.

CC&L is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, religion, sexual orientation or expression, disability, or age.

To apply for this position, please submit your resume and cover letter combined as one PDF document.

We thank all applicants in advance, but only those candidates short-listed for interviews will be

contacted. No telephone calls or recruitment agencies will be accepted.

Apply for this Position