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Investor Sales Infrastructure Private Credit Senior Analyst, job ID 22306, dated 19 May 2026, listed as 'Permanent - Full time, Junior' in Macquarie's Sales, Structuring & Trading job category, with London named as the office. The posting says: 'Join Macquarie's Fixed Income and Currencies team in London as part of the Investor Sales platform. You will support the development and execution of strategies across high-yield and value-add infrastructure debt investments, working closely with senior team members on origination, and transaction execution.' Source
Four nouns and they pull in different directions, so take them one at a time. 'Investor Sales' is a distribution platform - the side of a bank that places paper with investors. 'Infrastructure' is the asset: grids, roads, towers, water, data centres. 'Private Credit' is the form the money takes - loans made directly to a borrower rather than bonds bought in a public market. 'Senior Analyst' is the band. Now read the work described underneath: financial models, credit analysis, valuations, due diligence across financial, commercial and risk aspects, committee materials, portfolio monitoring. That is a credit seat with a distribution address. Prepare for it as credit, and ask in the first call what share of the week is actually investor conversations.
The team is Investor Sales: the posting says you would join Macquarie's Fixed Income and Currencies team in London as part of the Investor Sales platform, supporting the development and execution of strategies across high-yield and value-add infrastructure debt investments and working closely with senior team members on origination and transaction execution. The platform sits inside Commodities and Global Markets, which Macquarie describes as a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its client base across Commodities, Financial Markets and Asset Finance. Source
What the seat does, in the posting's words: support the origination, structuring and execution of corporate debt financing solutions for infrastructure sponsors globally, working closely with Macquarie Capital and wider infrastructure teams to drive transaction flow and identify cross-selling opportunities; build and maintain financial models, credit analysis and valuations; contribute to due diligence across financial, commercial and risk aspects; prepare committee materials and client presentations; and monitor portfolio performance while supporting ongoing stakeholder engagement. Source
33 people have held London roles at Macquarie Capital since 2018, and 12 at Macquarie Asset Management (MAM). Neither is the unit behind this posting - there is no London count for Commodities and Global Markets, where Investor Sales actually sits - but Macquarie Capital is named on the page as the team you would work alongside, so it is the closest picture we can give you honestly.
The page gives you an address as much as a team: the Fixed Income and Currencies team, on the Investor Sales platform, inside Commodities and Global Markets - and then says the work is done closely with Macquarie Capital and the wider infrastructure teams. At Macquarie those are separate businesses with separate books, so the question to ask first is whose desk you would actually sit on day to day: it decides which deals you see and who writes your review.
Macquarie describes itself as a global financial services group operating in 30 markets with 57 years of unbroken profitability. The benefits list, subject to eligibility, includes a minimum of 25 days of annual leave plus a wellbeing leave day, 26 weeks' paid parental leave for primary caregivers and six weeks for secondary caregivers, two days of paid volunteer leave with donation matching, and hybrid and flexible working arrangements dependent on role. Source
93 people have held London roles at Macquarie as a whole since 2018 - a mid-sized London presence rather than a bulge-bracket one, which is part of why a single desk here is easier to get a conversation with.
Macquarie's own classification on this row is 'Permanent - Full time, Junior' while the title says Senior Analyst, and both are true. 'Senior Analyst' is a band name, not a statement that they want someone senior - the experience line is two years and up. Someone two years out of a graduate scheme on a project finance, infrastructure or leveraged finance desk is inside the stated bar. Of the lateral seats a recent graduate could realistically reach, this is the shape of one; it is not a student seat.
The row is dated 19 May 2026 and no deadline is stated, so it has been up for three and a half months. We do not mark a posting closed without positive evidence, so treat it as live and unverified rather than gone - but check with Macquarie that the seat still exists before you build an application around it, and if it does, apply rather than wait, because a seat like this closes when someone accepts.
Stated requirements: two years' or more experience in private credit, infrastructure finance or leveraged finance, with infrastructure preferred; strong financial modelling, valuation and credit analysis skills; a solid understanding of debt structuring and capital markets, ideally with exposure to infrastructure or real assets; a strong academic background, with progress toward or completion of a professional qualification such as ACA/ICAEW or CFA preferred; high attention to detail and the ability to manage multiple workstreams under tight deadlines; strong communication and interpersonal skills; a demonstrated interest in infrastructure markets and private credit investing; and English, with additional European languages preferred. Source
On the last of those - a demonstrated interest in infrastructure markets - here is the ground it is tested on. Infrastructure splits four ways and each runs on a different revenue engine: PFI and PPP pay a fixed unitary charge regardless of usage, so demand risk is zero; regulated utilities have allowed revenue set by Ofwat or Ofgem every five to eight years off the regulated asset base; tolled roads and airports carry demand risk directly, and 80% of greenfield toll roads overestimate first-year traffic by 20-30%; digital infrastructure is towers, fibre and data centres. Gearing runs 60-80% net debt to RAB with covenants around ICR above 1.75x and DSCR above 1.3-1.6x. The pain shows up in regulatory resets - Ofwat cutting the allowed cost of equity from 4.8% to 2.75% took 30-40% of equity value out in one cycle - in contractor insolvency on fixed-price construction contracts, and in inflation mismatches when RPI linkage swaps to CPI. Read the concession, model the downside. Source
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