I recently received an interview with MidCap Financial and was curious to know if the people of WSO would know more about it. From their website, it seems as though it is Apollo's Direct Lending division and they have a sizable amount in capital. Interview is with their LevFin group and I am not sure about the firm or the group itself. Would be happy to hear the community's thoughts on this.
Thank you.
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Seemed like a decent group. It's Apollo's MM focused credit group (believe they have a separate one for larger deals). They do best in HC (where I've seen them), but compete on the levfin side for other sectors too. Tough space as the supply of lenders is worse than the equity providers, relative to opportunities, from my perspective.
"Worse" meaning there are more lenders competing over relatively fewer equity sponsors?
We've all heard the notion that too much money is chasing too few opportunities. I find it even more crowded in credit compared to equity.
Anybody know compensation for Direct Lending? Analyst / Assoc?
My firm (similar firm to Apollo, not Golub/Antares)
An 1 - 105b 45 bonus
Aso 1 150 base 75 bonus
What's your background that got you an interview with MidCap? Was it for analyst or associate?
Sorry to answer your question with my own - I'm trying to learn about the space myself.
I'm currently a sophomore in college and have been on the search for summer internships. Does anyone know how this could translate into IB/PE opportunities for next summer?
Hey playtheman,
I was a sophomore last year and went through the process you're talking about. From my experience, it was much more valuable to network with professors/alumni from you school. I come from a small non-target LAC and still managed to get a SA internship at a BB (not in IB specifically though).
Hope this helps!
Bump on this thread - anyone have more color on this firm regarding comp, culture, etc.?
Bump as well, I'm curious as to the East Coast Office particularly.
Honestly just want to learn more about the space in general to become knowledgeable, if anyone has resources to point me towards (instead of specifically to this firm, although it's the one I'm currently interested in)
Growing fast since becoming managed by Apollo. Entry Analyst est. 70-85k + 10-15k bonus
That seems like pretty low comp for a buyside role. Any look into what the Associate comp look like? Thanks
Bump - Any other insight into comp/culture at this firm?
Why does comp sound so low here? I'm at a MM DL within a PE firm and we pay Associate 1 $265k.
My thoughts as well - hoping someone can provide additional color
Does anyone have advice on Midcap superday?
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