Managing Director, Credit Restructuring

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.
The RoleCredit Investments (CI) is seeking an experienced restructuring professional to strengthen its capability to manage underperforming, stressed and distressed credit investments as the portfolio grows in scale and complexity.
The Managing Director, Restructuring will provide dedicated senior creditor-side expertise across workouts, liability management exercises (LMEs), restructurings, liquidity solutions and other stressed situations. The role will partner with CI investment teams to preserve investment value, maximize recoveries and support effective positioning ahead of key events.
The TeamCredit 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.
Reporting to the Head of Credit Strategy, the role will work closely with CI investment teams, Legal, Portfolio Management and senior leadership, and will contribute to broader CPP Investments matters where restructuring expertise can add value. The role is expected to be based in Toronto or New York.
AccountabilitiesLead Restructuring Strategy and ExecutionServe as CI's senior restructuring expert and provide commercial leadership and decision-making authority on material stressed and distressed investments.
Partner with investment teams to develop and execute restructuring strategies designed to protect investment value and maximize recoveries. The restructuring lead and relevant deal team will be co-accountable, with the deal team retaining ownership of the ultimate investment outcome.
Lead negotiations involving amendments, waivers, recapitalizations, exchange offers, LMEs, rescue financings, asset sales, refinancings and formal restructuring processes.
Assess alternative restructuring pathways and advise on likely outcomes, negotiating leverage, new-money requirements, timing and execution risk, drawing on relevant market precedents and judgment on key economic terms.
Support investment teams in anticipating potential creditor actions and positioning CI effectively ahead of key events.
Provide Senior Commercial JudgmentProvide independent challenge and advice on capital structure, liquidity, valuation, recovery scenarios, financing alternatives and strategic options in distressed situations.
Help teams identify and use sources of negotiating leverage, including opportunities to build alignment with other stakeholders, while engaging constructively and credibly with borrowers, sponsors, shareholders and other creditors.
Advise on creditor-group formation, steering committees and lender-coordination processes, and support the selection and efficient direction of external restructuring bankers, financial advisers and other specialists.
Bring current restructuring market intelligence, conventions and precedents to portfolio-management decisions.
Assess proposed outcomes across recovery value, incremental capital, time to resolution, external costs, reputational considerations and demands on deal-team capacity. Success will be measured primarily through avoided losses and recoveries achieved rather than direct AUM attribution.
Partner with Deal Teams and LegalWork alongside existing deal teams as athe lead restructuring specialist adviser rather than operating as a separate distressed-investing team; deal teams remain actively involved and accountable for the investment outcome.
Work closely with CI Legal, including dedicated restructuring legal resources, to integrate commercial, negotiating and legal strategy. Legal will advise on documentation, contractual rights and available legal pathways, while this role will lead the commercial strategy and value-maximizing trade-offs informed by that advice.
Partner with Portfolio Management and senior CI leadership to identify situations requiring early intervention and build strong working relationships across CI and, where appropriate, other CPP Investments departments.
Strengthen CI's Restructuring PlatformPlay a leadership role in CI's restructuring panel, including triaging situations, challenging strategies and mobilizing resources.
Establish regular watchlist triage to identify situations where specialist invol