2024 Comp Thread for buyside BDIR / Fundraising
In an environment where fundraising has a been focus-point across alts broadly, interested in getting a pulse check on what comps looked like across PE and HFs. Happy to start.
Level / Yrs Exp: Associate (3.5 YoE)
Asset Class (PE vs HF): SM HF
AUM Range: $1-5B
2024 Comp (Base + Bonus): $185 ($125 + $60)
Looking forward to this thread. Adding location. Title is IR Assoc.
Level / Yrs Exp: Assoc (4 YoE)
Asset Class (PE vs HF): PE
AUM Range: $8-12B
2024 Comp (Base + Bonus): $225 ($155 + $70)
Location: West Coast
When did you switch to IR? Interested in switching after my 2 years as an analyst
Did my analyst stint at a bank's private fund group and then switched at time of associate promote - good luck, recruiters seem to be quite active at the moment in the IR space. Expect all processes you start to take minimum 30-45 days
Bump
Thanks for posting, not a lot of info here for IR.
Title: Buyside IR - Product Specialist
Level / Yrs Exp: Analyst (1.5 YoE post-Undergrad)
Asset Class (PE vs HF): PE
AUM: $50B+
2024 Comp (Base + Bonus): $235 ($125 + $110 cash) —> $140 2025 base
Location: T1 HCOL
Nice numbers - higher than most bank's private funds groups, which is rare to see. How big is the IR team?
Is AUM the same thing as committed capital?
Title: Associate, Capital Formation
Level / YoE: Associate (2 YoE in IR, 2 YoE in IB)
Asset Class (PE vs HF): PE
AUM Range: $25B - $50B
2024 Comp (Base + Bonus): $300K ($150K + $150K)
Note: Also get in-office catered lunch and fee and carry-free co-invest in addition to the usual benefits (i.e. employer-paid health/vision/dental, 401K matching, health & wellness stipend, etc.). For those that are doubtful I’d recommend taking a look at the Heidrick & Struggles IR Compensation report.
How is WLB? How do you hours compare to banking?
Hours are solid, will vary between fundraising (banking comparable at 60+ hours) and non-fundraising (~40-50 hours). In my two years I’ve had the chance to see at least one full fundraise so can see both sides of the coin.
Nice - entirely sales focused? or Still doing the decks / DDQs / etc.?
How can I get one of these roles. My apps are going nowhere and no one wants to respond to cold outreach.
What’s your background? If you’re coming in with a traditional IB or even consulting background you should be able to get some solid looks from the various IR recruiters. Any of the LinkedIn job posts you see for IR roles are likely just black holes or resume grabs. A lot of the typical PE IP headhunters (e.g. Ratio, HSP, etc.) also have a dedicated IR search team that can give you a list of mandates.
If you’re coming in at a more senior level (e.g. Senior Associate+) you might struggle since an entry-level role at IR will start at the Analyst/Associate level and they’ll think your comp expectations might be too high.
Thanks. I'm from traditional IB background A2A. Have been doing the linkedin applications emailing the recruiters but didn't know there were a number of HHs dedicated to IR. Any other names you could suggest for HHs?
aside from Ratio & HSP, can you please let us know which HHs are gatekeepers for IR roles? trying to switch careers
What would you say senior aso comp is in a fundraising role? ~250k all-in?
Can people add general / average hours as well? Would be interesting to evaluate comp from that standpoint
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