Vice President, Special Situations

We are seeking an experienced and highly driven Vice President to join our Special Situations team. This individual will play a leadership role in originating, developing, and advancing differentiated investment insights across complex and event-driven areas including distressed and stressed credit, labor and telecom policy, and financially challenged municipalities.

The Vice President will partner closely with the team lead to shape high-conviction investment theses, provide strategic direction on research priorities, and serve as a senior thought leader across policy, regulatory, and credit-driven opportunities. This role requires both deep independent judgment and the ability to elevate the work of junior team members through mentorship and collaboration.

The ideal candidate brings a sophisticated understanding of how public policy and regulation intersect with credit markets, along with the credibility to engage directly with senior policymakers, regulators, industry executives, and institutional investors.

Key Responsibilities

• Lead the origination, development, and refinement of high-conviction investment theses grounded in rigorous policy, regulatory, and credit analysis.


• Drive primary research efforts, including cultivating and maintaining senior-level relationships with legislative, regulatory, and industry sources.


• Serve as a senior point of contact for monitoring and interpreting regulatory, legislative, and structural developments impacting distressed and special situations credit markets.


• Produce and oversee high-quality written research that delivers differentiated, actionable insights to institutional investors.


• Act as a strategic thought partner to portfolio managers, senior leadership, and external stakeholders by translating complex policy and credit dynamics into clear investment implications.


• Mentor and guide junior team members, setting analytical standards and fostering intellectual rigor across the team.


• Contribute to broader firm initiatives, including investor engagement, strategic planning, and cross-team collaboration.

Ideal Candidate Profile

• Proven ability to synthesize complex policy, regulatory, and credit issues into investment-relevant frameworks with clear risk/reward perspectives.


• Strategic and independent thinker with a track record of challenging consensus and developing differentiated or contrarian views.


• Strong executive presence and interpersonal skills, with demonstrated success engaging credibly with senior policymakers, regulators, and institutional investors.


• High degree of ownership, judgment, and autonomy, combined with a collaborative and team-oriented leadership style.


• Deep, sustained interest in the intersection of public policy, credit markets, and investing.

Qualifications

• Bachelor’s degree from a top-tier institution required; advanced degree (JD, MPP, MBA, or equivalent) strongly preferred.


• Minimum of 5–8 years of relevant experience in investment research, credit analysis, public policy, consulting, banking, or a related field.


• Exceptional writing and verbal communication skills, with the ability to influence senior audiences.


• Strong financial and analytical skills, including proficiency in Excel and data-driven analysis.


• U.S. citizenship or permanent residency required.

Compensation & Benefits

Capstone offers a competitive benefits package, including health, vision, and dental insurance, paid vacation, travel stipend, and 401(k). The expected base compensation for this role is $130,000–$170,000 per annum, with eligibility to participate in Capstone’s annual bonus pool.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.