Vice President or Director, Restructuring & Workouts - Private Credit
Kayne Anderson Capital Advisors, Chicago, IL, United States
About Kayne Anderson
Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson’s investment philosophy is to pursue cash flow‑oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk‑adjusted investment returns. As responsible stewards of capital, Kayne Anderson’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long‑term value for our investors. Kayne manages $40 billion in assets (as of 12/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals.
Position Overview Kayne Anderson Private Credit (“KAPC”) is seeking a Vice President or Director to join its Restructuring & Workouts team. This individual will play a key role in managing stressed and distressed portfolio investments across KAPC’s middle market direct lending platform.
The role is designed for a hands‑on restructuring professional with a strong creditor‑side orientation who can independently lead complex situations while partnering closely with deal teams, management teams, and external advisors. The position offers significant responsibility, including primary leadership of select credits and direct exposure to investment committee decision‑making.
This hire will be an integral part of a lean, high‑impact team responsible for preserving and enhancing value across a diversified portfolio of middle market investments.
Responsibilities
Lead restructuring and workout situations
across KAPC’s portfolio, including both in‑court and out‑of‑court processes (e.g., amendments, liability management, Chapter 11, and rescue financings)
Act as primary point of contact
on select stressed/distressed investments, driving strategy, negotiations, and execution
Develop and evaluate restructuring strategies , including capital structure solutions, liquidity management, and downside protection scenarios
Engage directly with management teams, sponsors, and advisors , including participation in board meetings and creditor negotiations
Oversee financial analysis and modeling , including liquidity forecasting, recovery analysis, and valuation work
Coordinate internal stakeholders , including deal teams, investment committee, and senior leadership
Manage external advisors , including legal counsel, financial advisors, and consultants
Monitor broader portfolio trends , identifying early warning signals and proactively managing risk across credits
Support underwriting teams
on stressed situations, amendments, and opportunistic secondary or rescue investments
Ideal Candidate Profile The ideal candidate will reflect a blend of restructuring advisory and direct lending experience, consistent with leading profiles in the market.
Core Experience
5–10 years of relevant experience in:
Restructuring advisory (e.g., FTI, Alvarez & Marsal, etc.)
Direct lending / private credit special situations or workouts
Credit restructuring groups at banks or investment firms
Experience working on the creditor / lender side is strongly preferred
Demonstrated involvement in complex restructurings, including liability management and distressed situations
Key Skillsets
Ability to independently lead transactions and workstreams, not just support execution
Strong understanding of capital structures, credit documentation, and restructuring frameworks
Experience with middle market companies, ideally in a direct lending context
Financial modeling expertise, including liquidity analysis, recovery modeling, and downside scenarios
Comfort operating in a lean, entrepreneurial environment with limited infrastructure
Differentiators
Hybrid background across advisory and investing roles, providing both technical and ownership perspectives
Experience engaging at the board or management level, particularly in operational or turnaround situations
Track record of managing multiple concurrent situations within a portfolio setting
Personal Characteristics
Highly self‑sufficient and accountable, with the ability to take full ownership of situations
Strong judgment and decision‑making in complex, time‑sensitive environments
Ability to balance analytical rigor with pragmatic, solution‑oriented thinking
Comfortable operating with senior stakeholders and counterparties
Team‑oriented, but capable of operating independently as needed
Why This Role
Opportunity to take true ownership of restructuring situations, rather than operating as a junior execution resource
Exposure to a diverse middle market portfolio, requiring both technical and strategic problem‑solving
Ability to work within a nimble platform where individuals have meaningful influence on outcomes
Direct interaction with senior leadership and investment committee
Benefits & Compensation
Competitive medical, dental, and vision insurance
Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
Accident and Critical Illness insurance
Long Term Disability insurance
Competitive 401(k) benefits
Pet healthcare savings program
Member’s Only Healthcare - healthcare navigation
WellHub - corporate wellness platform
$10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
Rocket Lawyer legal benefits
Reimbursement of professional society memberships and exam fees
Up to $10,000 matching annually for contributions to qualified non‑for‑profit organizations
Parental leave
Compensation: Approximately $175,000 to $250,000 base salary with a bonus target of 1.0-2.0x base (depending on experience), plus carried interest in vehicles where appropriate.
Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire.
Equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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Position Overview Kayne Anderson Private Credit (“KAPC”) is seeking a Vice President or Director to join its Restructuring & Workouts team. This individual will play a key role in managing stressed and distressed portfolio investments across KAPC’s middle market direct lending platform.
The role is designed for a hands‑on restructuring professional with a strong creditor‑side orientation who can independently lead complex situations while partnering closely with deal teams, management teams, and external advisors. The position offers significant responsibility, including primary leadership of select credits and direct exposure to investment committee decision‑making.
This hire will be an integral part of a lean, high‑impact team responsible for preserving and enhancing value across a diversified portfolio of middle market investments.
Responsibilities
Lead restructuring and workout situations
across KAPC’s portfolio, including both in‑court and out‑of‑court processes (e.g., amendments, liability management, Chapter 11, and rescue financings)
Act as primary point of contact
on select stressed/distressed investments, driving strategy, negotiations, and execution
Develop and evaluate restructuring strategies , including capital structure solutions, liquidity management, and downside protection scenarios
Engage directly with management teams, sponsors, and advisors , including participation in board meetings and creditor negotiations
Oversee financial analysis and modeling , including liquidity forecasting, recovery analysis, and valuation work
Coordinate internal stakeholders , including deal teams, investment committee, and senior leadership
Manage external advisors , including legal counsel, financial advisors, and consultants
Monitor broader portfolio trends , identifying early warning signals and proactively managing risk across credits
Support underwriting teams
on stressed situations, amendments, and opportunistic secondary or rescue investments
Ideal Candidate Profile The ideal candidate will reflect a blend of restructuring advisory and direct lending experience, consistent with leading profiles in the market.
Core Experience
5–10 years of relevant experience in:
Restructuring advisory (e.g., FTI, Alvarez & Marsal, etc.)
Direct lending / private credit special situations or workouts
Credit restructuring groups at banks or investment firms
Experience working on the creditor / lender side is strongly preferred
Demonstrated involvement in complex restructurings, including liability management and distressed situations
Key Skillsets
Ability to independently lead transactions and workstreams, not just support execution
Strong understanding of capital structures, credit documentation, and restructuring frameworks
Experience with middle market companies, ideally in a direct lending context
Financial modeling expertise, including liquidity analysis, recovery modeling, and downside scenarios
Comfort operating in a lean, entrepreneurial environment with limited infrastructure
Differentiators
Hybrid background across advisory and investing roles, providing both technical and ownership perspectives
Experience engaging at the board or management level, particularly in operational or turnaround situations
Track record of managing multiple concurrent situations within a portfolio setting
Personal Characteristics
Highly self‑sufficient and accountable, with the ability to take full ownership of situations
Strong judgment and decision‑making in complex, time‑sensitive environments
Ability to balance analytical rigor with pragmatic, solution‑oriented thinking
Comfortable operating with senior stakeholders and counterparties
Team‑oriented, but capable of operating independently as needed
Why This Role
Opportunity to take true ownership of restructuring situations, rather than operating as a junior execution resource
Exposure to a diverse middle market portfolio, requiring both technical and strategic problem‑solving
Ability to work within a nimble platform where individuals have meaningful influence on outcomes
Direct interaction with senior leadership and investment committee
Benefits & Compensation
Competitive medical, dental, and vision insurance
Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
Accident and Critical Illness insurance
Long Term Disability insurance
Competitive 401(k) benefits
Pet healthcare savings program
Member’s Only Healthcare - healthcare navigation
WellHub - corporate wellness platform
$10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
Rocket Lawyer legal benefits
Reimbursement of professional society memberships and exam fees
Up to $10,000 matching annually for contributions to qualified non‑for‑profit organizations
Parental leave
Compensation: Approximately $175,000 to $250,000 base salary with a bonus target of 1.0-2.0x base (depending on experience), plus carried interest in vehicles where appropriate.
Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire.
Equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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