Director of Capital Markets

About TensorWave Our mission is simple: deliver seamless, secure, reliable, and resilient AI compute at scale. We've built a versatile cloud platform that eliminates infrastructure barriers, empowering builders to focus on innovation instead of fighting their stack. Because breakthrough AI should move at the speed of ideas, not infrastructure. About the Role We are seeking a Director of Capital Markets, reporting to the EVP of Finance, responsible for owning the company's capital planning strategy, long-range financial modeling, and capital markets and private credit relationships. This is a high-impact, highly visible role that sits at the intersection of capital markets, infrastructure finance, and executive strategy, and is central to TensorWave's ability to grow at the pace the AI infrastructure market demands. The Director of Capital Markets will serve as the internal architect of our capital planning function, building the frameworks, models, and lender relationships that enable large-scale infrastructure deployment. This role requires deep fluency in private credit markets, including direct lending, unitranche facilities, and structured credit, as well as the ability to serve as TensorWave’s primary interface with private credit funds, institutional lenders, and capital partners. This role will collaborate closely with FP&A and the Executive team. This position is an excellent fit for a professional with deep experience in private credit, direct lending, or infrastructure finance, whether from a fund/platform seat (e.g., Ares, Blue Owl, Apollo Credit, Owl Rock, Golub) or from investment banking coverage of those markets. The ideal candidate is ready to step into a senior corporate finance leadership role in a fast-growing, capital-intensive environment. What You’ll Do Capital Planning & Strategy - Own and lead the company's multi-year capital plan, integrating infrastructure buildout timelines, revenue backlog, and financing capacity into a cohesive, executive-ready framework - Develop and maintain integrated financial models to support debt sizing, covenant compliance, and capital deployment decisions across corporate entities and SPVs - Evaluate optimal capital structure across private credit facilities (direct loans, unitranche, delayed-draw term loans), revolving credit facilities, asset-backed structures, and equity, and recommend instrument mix and timing to senior leadership - Partner with Operations, Infrastructure, and Business Development to translate growth initiatives into near- and long-term capital requirements - Support data center lease structuring and real estate finance workstreams, including lease economics, MEP financing, phased delivery schedules, and tenant improvement coordination - Monitor credit markets, interest rate environments, and lender appetite to advise on refinancing opportunities and new issuance timing - Structure and manage strategic partner financing arrangements, including vendor credit support, guarantees, and co-investment structures that extend beyond traditional lender relationships - Translate contracted revenue streams (including long-term services agreements and customer offtake commitments) into bankable collateral packages and lender-ready underwriting narratives Private Credit & Lender Relationship Management - Serve as the primary relationship owner for private credit funds, direct lending platforms, institutional lenders, and investment banks - Own and deepen relationships across the private credit ecosystem, including fund GPs, credit committee contacts, and portfolio monitoring teams, to ensure TensorWave has preferred access to capital on competitive terms - Prepare and present materials for lender updates, covenant reporting, and financing roadshows - Lead due diligence processes and coordinate across Legal, Accounting, and Operations to execute financing transactions end-to-end - Navigate credit agreement negotiation, intercreditor arrangements, and consent/waiver processes with existing and prospective lenders - Proactively cultivate new lending relationships to expand financing optionality and drive down cost of capital over time Treasury Strategy & Risk Management - Own the corporate treasury policy framework, including liquidity thresholds, cash reserve targets, investment guidelines, and counterparty limits, establishing the strategic layer that governs how TensorWave deploys and protects its capital - Build and maintain a rolling 13-week and long-range cash flow forecast in partnership with Treasury Operations, providing leadership with clear visibility into funding gaps, surplus deployment windows, and facility draw-down timing - Develop and oversee TensorWave's short-term investment strategy for excess cash, evaluating permitted instruments in line with board-approved investment policy - Own TensorWave's interest rate hedging strategy, including managing SOFR exposure across floating-rate