ABF Associate Comp
Could anyone share what associates on the buyside make in ABF? Does it generally align with corporate private credit comp?
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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
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