Managing Director- Equity Research Analyst- BDC's
Ledgend Group, Washington, District Of Columbia, United States
We are seeking an experienced and highly driven Managing Director to lead our Equity Research coverage of the Business Development Company (BDC) sector in Washington D.C. This is a senior, client-facing role responsible for building a differentiated research franchise, delivering high-impact insights, and driving meaningful revenue through institutional client engagement.
The ideal candidate will bring deep expertise in credit markets, private lending, and income-oriented equities, along with a proven track record of building relationships with institutional investors and corporate management teams.
Key Responsibilities: Lead and own coverage
of the BDC sector, establishing a top-tier research franchise with differentiated, value-added insights Publish high-quality research
including initiation reports, earnings notes, thematic pieces, and sector outlooks Develop and maintain complex financial models
with a focus on NAV, dividend sustainability, credit quality, and portfolio risk Drive revenue generation
through client engagement, idea flow, and partnership with sales & trading Cultivate and expand relationships
with corporate management teams, private credit sponsors, and industry participants Provide actionable investment recommendations
and maintain a strong, visible presence in the BDC and broader credit markets Collaborate cross-functionally
with sales, trading, and capital markets to support broader firm initiatives Mentor and develop junior analysts and associates , fostering a high-performance research team
Qualifications: 10+ years of experience in equity research, credit research, or related financial services roles, with meaningful sell-side experience preferred Demonstrated expertise in BDCs, private credit, leveraged lending, or structured finance Strong understanding of the regulatory framework governing BDCs (1940 Act), portfolio construction, and yield-driven investment strategies Proven track record of
institutional client engagement and revenue generation Exceptional financial modeling and valuation capabilities Established relationships with buy-side clients and corporate management teams Outstanding written and verbal communication skills, with the ability to articulate complex ideas clearly and persuasively Bachelor’s degree required; MBA and/or CFA strongly preferred
Key Responsibilities: Lead and own coverage
of the BDC sector, establishing a top-tier research franchise with differentiated, value-added insights Publish high-quality research
including initiation reports, earnings notes, thematic pieces, and sector outlooks Develop and maintain complex financial models
with a focus on NAV, dividend sustainability, credit quality, and portfolio risk Drive revenue generation
through client engagement, idea flow, and partnership with sales & trading Cultivate and expand relationships
with corporate management teams, private credit sponsors, and industry participants Provide actionable investment recommendations
and maintain a strong, visible presence in the BDC and broader credit markets Collaborate cross-functionally
with sales, trading, and capital markets to support broader firm initiatives Mentor and develop junior analysts and associates , fostering a high-performance research team
Qualifications: 10+ years of experience in equity research, credit research, or related financial services roles, with meaningful sell-side experience preferred Demonstrated expertise in BDCs, private credit, leveraged lending, or structured finance Strong understanding of the regulatory framework governing BDCs (1940 Act), portfolio construction, and yield-driven investment strategies Proven track record of
institutional client engagement and revenue generation Exceptional financial modeling and valuation capabilities Established relationships with buy-side clients and corporate management teams Outstanding written and verbal communication skills, with the ability to articulate complex ideas clearly and persuasively Bachelor’s degree required; MBA and/or CFA strongly preferred