Lets get a thread going going specialty credit bonuses for 2022. If you work in lending & finance within Private Credit/Special Sits/Direct Lending/Infra Credit/Project Finance/Fund Finance, please post here.
Type of Institution & Size:
Level:
Industry of focus (if any):
2022 Base/ Bonus/ All-in:
% stock/ deferred / carry
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Very junior but happy to get things started:
Type of Institution & Size: Large US-based Private Credit/Specialty Lending Firm with >$60bn in AUM
Level: Analyst (1st year)
Industry of focus (if any): Special Situations, industry agnostic
2022 Base/ Bonus/ All-in: 100 / 60 / 160
Type of Institution & Size: DL - AUM >$5bn
Level: ASO1
Industry of focus (if any): Generalist
2022 Base/ Bonus/ All-in: 120 base / 140 bonus
% stock/ deferred / carry: All cash
Type of Institution & Size: Specialty finance lender; LMM (sub-$500m portfolio)
Level: Underwriter
Industry of focus (if any): Generalist
2022 Base/ Bonus/ All-in: $160k / $32k / $192k (all cash)
Type of Institution & Size: Special sits and Opportunistic credit fund; LMM (Around $1bn AUM)
Level: Associate 2, promoted to Senior Associate
Industry of focus (if any): Generalist
2022 Base/ Bonus/ All-in: $160k / $95k / $255k (all cash)
Awarded 1 point of carry alongside promotion, 4 year vest, should be worth around $200k total.
Quick edit. This is definitely lower than market, which is offset a bit by early carry and good worklife balance. Hours ebb and flow but on avg probably like 50 or so per week. Plus fee free coinvest is great.
Good data - what did your base and bonus increase to in conjunction with the promotion and what is your work / life balance like?
Base moved to 175, was hoping for a bit higher.
Bonus target is 105k. We do carry awards twice a year so potentially another 1 to 2 points
Is this NY based?
Yeah
Thanks for the datapoint!
Fund Finance / >$5bn AUM
VP1, UK
Generalist focus
2022: 125% bonus, £275k all-in (all cash)
VP2 2023 new base £150k
Analyst - direct lending, promoted to associate
$250K all in comp, $130k base $120k bonus
What city was this?
NYC based
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