Summary
Overview
Work History
Education
Skills
Timeline
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Ethan Shiman

New York,NY

Summary

Credit-focused investment professional with 3.5 years of experience analyzing and structuring complex private credit transactions. Deep expertise in covenant analysis, deal term structuring, and underwriting support across hundreds of direct lending, leveraged finance, and structured credit deals. Proven ability to assess downside risk, evaluate sponsor-backed and recurring revenue loan structures, and design scalable credit data models. Seeking to leverage deal-level insight and private credit domain expertise within a buy-side credit investment team.

Overview

4
4
years of professional experience

Work History

Business Analyst

Street Diligence
New York, NY
02.2024 - Current
  • Partnered with credit investors and private debt clients to design and enhance tools used in direct lending and structured credit underwriting.
  • Led initiatives to map, automate, and analyze key covenant terms, debt baskets, EBITDA adjustments, and investor protections across hundreds of credit agreements.
  • Identified and analyzed credit risk factors in bespoke and recurring revenue loan structures, contributing to firm-wide taxonomy for next-gen credit diligence.
  • Developed structured frameworks and internal tools to assess documentation trends and market evolution in middle-market private credit.
  • Collaborated with engineering to build automated underwriting workflows and covenant alert systems for institutional credit clients.

Associate

Street Diligence
New York, NY
11.2022 - 02.2024
  • Analyzed terms and structures across 1,000+ credit documents, including senior secured, second lien, unitranche, and mezzanine loans.
  • Served as SME on LIBOR-to-SOFR transitions, covenant-lite risk profiles, and sponsor-backed credit documentation.
  • Led training for 15+ analysts, focusing on credit document dissection, term sheet interpretation, and borrower risk profiling.
  • Spearheaded entry into recurring revenue loan markets by designing new analytical frameworks tailored to ARR underwriting.
  • Partnered with credit PMs and legal counsel to refine key risk tags and standardized reporting on documentation-based risk.

Analyst

Street Diligence
New York, NY
10.2021 - 11.2022
  • Extracted and synthesized key investment terms from complex capital structures and loan agreements in the private credit and high-yield markets.
  • Authored credit summaries and risk matrices for buy-side clients, highlighting covenant trends and structural protections.
  • Conducted sector-level research on underwriting terms, EBITDA addbacks, MFNs, incremental debt capacity, and intercreditor provisions.
  • Played a key role in refining natural language processing models to improve the speed and accuracy of financial data extraction.

Education

Bachelor of Science - Public Financial Management, Information Systems

Indiana University, Bloomington
Bloomington, IN

Skills

  • Credit & Financial Skills: Covenant Analysis, Credit Agreements, Term Sheets, Investment Memos, Capital Structure Evaluation, Recurring Revenue Loans
  • Data: Excel, SQL, Tableau, Data Taxonomies
  • Platforms & Tools: Microsoft Suite, Jira, Confluence, AI/NLP model integration (for financial applications)

Timeline

Business Analyst

Street Diligence
02.2024 - Current

Associate

Street Diligence
11.2022 - 02.2024

Analyst

Street Diligence
10.2021 - 11.2022

Bachelor of Science - Public Financial Management, Information Systems

Indiana University, Bloomington

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