Oct 25, 2025
2 Comments
 

Based on the most helpful WSO content, compensation for associates in private credit, including areas like Asset-Based Financing (ABF), generally aligns with corporate private credit compensation. For first-year associates at top private credit shops (e.g., Ares, GSO, Owl Rock, HPS, Bain Capital Credit), total compensation typically ranges from $175k to $250k, depending on the size and location of the firm. This includes both base salary and bonuses.

While ABF-specific data isn't explicitly detailed, it is reasonable to expect similar ranges, as ABF is often considered a subset of private credit.

Sources: Restructuring --> Direct Lending / Private Credit, Credit Fund/Direct Lending Salaries 2019, Private Credit / Direct Lending Comp, "Leaving IB Soon, Final Rants" - The Follow-Up, Private Credit / Direct Lending Comp

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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