Feb 14, 2024

What is market comp for VP private credit these days?

Been going through recruiting processes with a couple of 50bn+ private credit firms in New York for VP level seats (~5 years of buyside / 8 years total experience).
 

What is market comp for these firms at the VP level for investment seats? Have a couple calls scheduled where I’ll have to give compensation expectations / ranges and not really sure what to answer.  

 
wallstreetmemes

3 years after associate, many funds will be moving to four likely but generally first year of VP after 3 years associates id say 500-600 with 600 being kind of the high end since all big PC shops pay the same til you get to Director / Principal level

Same comp for people with multiple steps to get to that VP title? Ie; Ares, Carlyle, Blue Owl, Golub?

Is comp pretty standardized on YoE basis with some outliers (ie; HPS)? 

 
Most Helpful

Yep. Unlike banking, where the majority of firms go An > As > VP, credit shops a lot of times will have one or two extra steps, such as: An > As > Sr. As > AVP > VP.

So depending on the firm, a first year private credit VP could have like 7-8 years of experience, and thus will be higher compensated than someone with the same title at a different shop that came straight from associate with 4-5 years of experience.

 

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