Private Credit / Direct Lending Comp and Progression
Is it worth leaving a low BB to go to a direct lender (think Ares, Antares, Golub) for a ~25% pay cut? Also, what does senior compensation look like? How far off from a IB MD?
I get the better work life balance and increasing mkt share inspace but would think a pay cut to the buyside would be closer to 10% vs. ~25%.