Private Credit Comp (2L / mezz)
Curious to know what people are hearing for 2023 private credit comp — specifically for firms that provide second lien facilities/mezz (along with select minority equity co-investments)
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Curious
Bump
Comp is more based on AUM than return profile. Smaller firms will pay in the mid 200s for ASO1 while larger firms will pay in the high 200s to low 300s.
Interested
If helpful, Associate 1 comp numbers just came out for a couple of large funds -
Base: $175k (raised to $225k for associate 2)
Bonus: $150k (all cash)
Rank: Top (Middle was $125k, bottom was $100k)
Fund AUM: $10B (1L / 2L / Mezz funds each $2B+)
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