AYN

Investment Manager/Director - Private Credit

0TO9 · Warsaw, Poland · hybrid

About Fuels Capital

Fuels Capital is a European private credit firm with offices in Stockholm, Berlin and London. We provide asset-backed financing to entrepreneurs, company builders and privately held companies across Northern and Western Europe. We help our clients unlock liquidity from businesses, holdings and other assets, creating capacity for acquisitions, growth, refinancing and ownership-related situations.

Our strategy centres on secured, asset-backed lending, typically backed by real estate, financial assets and other hard collateral. We invest across two segments: (1) Growth – entrepreneurial capital for SMEs; and (2) Corporate – tailored financing for larger and more complex situations. We provide loans of up to EUR 25 million.

Founded in 2025, Fuels is already profitable and on a strong growth trajectory. Joining us means being part of an ambitious, entrepreneurial team building a distinctive European credit platform.

About the role

As Investment Manager at Fuels, you will own transactions end-to-end – from sourcing through structuring to closing and portfolio management. You will lead deals across our client universe of entrepreneurs, investors, business owners and, increasingly, larger corporates, with ticket sizes up to EUR 25m. You will play a particularly important role as Fuels expands into the large corporate segment, where you will help shape our approach, capabilities and franchise. Your responsibilities will include:

- Originating transactions and managing a network of entrepreneurs, owners, family offices, corporates, debt advisors, M&A advisors and banks

- Leading credit assessment and underwriting on bespoke financings secured by unlisted shares, fund and partnership interests, real estate and other illiquid collateral

- Structuring and negotiating financing solutions – term sheets, security packages, covenants and pricing

- Driving documentation and closing alongside internal and external counsel

- Presenting and defending investment recommendations to the Investment Committee

- Owning portfolio relationships post-close and identifying follow-on opportunities

- Coaching more junior investment professionals as the team grows

About you

We are looking for an experienced, commercially driven investment professional ready to take real ownership of deals and clients. You likely have:

- 5–10+ years of relevant experience from investment banking, private credit, leveraged finance, direct lending, structured finance, private equity or a comparable credit seat

- A track record of executing transactions end-to-end – sourcing, underwriting, structuring, negotiating and closing

- Strong credit judgement and a deep understanding of secured and structured lending

- Established relationships across the European financing ecosystem; existing dialogue with corporate borrowers is a strong plus

- A degree from a leading university in finance, economics, engineering or a related quantitative field

- Excellent communication and negotiation skills

- Fluent in English and Polish (other European languages is not mandatory, but advantageous)

- Entrepreneurial, hands-on, comfortable taking initiatives in a fast-paced environment

What we offer

- Be part of a fast-growing company backed by a licensed financial group

- Entrepreneurial, high-trust culture with significant responsibility, exposure and incentive

- Beautiful office in central Warsawa

- Strong opportunities for professional growth and development

Apply on the employer’s site