Any insight into comp within alternative NAV lending?
Any insight into compensation within alternative NAV lending? The affiliates of large institutional players, rather than commercial banks.
Also, I would assume the WLB is better than single asset investing?
Compensation within alternative NAV lending, especially at affiliates of large institutional players, can vary significantly based on the firm's size, structure, and geographic location. While specific figures for alternative NAV lending aren't explicitly detailed in the WSO dataset, insights from related areas like CRE lending and private equity suggest the following:
Compensation Structure:
Work-Life Balance (WLB):
Key Considerations:
For a more precise breakdown, exploring WSO's compensation reports or threads specific to alternative NAV lending could provide additional clarity.
Sources: Family Office vs. Traditional LP Career Path, https://www.wallstreetoasis.com/forum/private-equity/why-i-left-pe-switched-to-the-public-markets?customgpt=1, What is your compensation in CRE Lending?, Private Equity shops with the best work/life balance, Q&A: PE Secondaries Principal
My flatmate works at a MF that has a dedicated fund financing team. They get paid in line with their PE counterparts, WLB is slightly better in terms of hours but volume is much higher, days are more dense etc
Thank you. Do you know if that holds true at the higher levels as well?
At firms with more nascent NAV / lender finance practices, I’ve heard hours can be very lumpy but teams generally skew towards being understaffed at the junior level because there’s just not as much flow as regular way lending
Can confirm equivalent comp to similar alternative strategies but I would heavily encourage you to do a deep underwrite of this style of investing.
Outside of idiosyncratic forced seller scenarios, which will almost always use a highly competitive process that reduces any discount to NAV / spread premium, how often is the way less informed buyer going to outperform the super informed seller?
Maybe I'm overindexing to the people I've met, but try to get your hands on one of these IC memos, compare it to traditional investment diligence, and decide for yourself.
Edit
What would a workout look like?
Edit: It doesn't matter I'm gonna reach out for terms on this financing asap
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