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😘 love you
show me 180k base w/ 100% bonus at a 65hr/week secondaries shop and i quit my job and come work for you
😂 love you more
REPE / RE debt fund...
can you list a few firms that that type of pay structure then?
would assume Blackstone SP is one of them but most others I know pay associates like 220-260k all in
Strategic Partners (Blackstone), TPG's new secondary team, Banner Ridge...
Which ones do you know for sure that pays 220-260k all-in?
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I gave you MS, not the other commenter - not sure if you’re right / wrong on the total comp (seems pretty tough to believe though), but that base is definitely not common for PE associates. Everyone I know in MF PE (incl. me) is between $120-150k base
🤗
I work at one of the MF secondaries arms. Pay isn't even close to this at the associate level. This guy is either quoting vp pay or has his currencies mixed up. We're talking USD not AUD my guy.
is your background in M&A or coverage or secondary advisory?
Can confirm the hours - know a friend at HV and they live a pretty chill life.
Quick question on comp, as far as I know, HV pays below market (significantly below market) if your 180k with 100% bonus is true (at least in the non-US offices). Do you know why? (no carry as well)
What do they pay?
How did this turn to a secondaries thread?
Because monkeys just realized there are finance careers outside of IB and Corp PE (also the guy above is definitely capping, and does so very frequently. Not sure what he’s trying to accomplish)
It’s because this asshat is on every thread bragging about how much his secondaries fund pays, and then gets in arguments whenever people call him out on his shit.
Yeah there’s one guy who shows up to every secondaries thread talking about how midmarket secondaries funds pay top of market cash to associates, plus sizable carry, with a bigger from base than any fund I’ve seen of any type…
While I’m sure the pay at the big shops is quite nice, everything else I’ve seen about secondaries puts it below traditional buyout comp for funds of roughly the same size - maybe this guy’s fund is just killing it, but without more datapoints I think it’s, at best, an outlier, and at worst, complete bullshit
😂
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MM PE (SF / LA) - $2-4bn fund size - 250 year 1 associate comp. people aren’t happy, but don’t think we will get a comp raise either
What is market for this type of fund these days? I'm seeing ~$275k at a ~$2bn fund but not sure how that feels in light of all the comp increases lately.
MF Infra $150k base + minimum 100% bonus
GIP?
Also MF Infra chiming in. $140k base / min. $300k target total comp
What about growth equity?
300k+ all-in for AS1
What kind of firms offer this? I assume this is more of GA/Insight/Summit. What do smaller but very reputable investors like Spectrum and JMI pay?
Anyone have insights on MF private and liquid credit? Would be great to hear about how the private credit compares to the golubs and owl rocks and how the liquid credit compares to the octagons and csam etc
bump
Is this at BX?
LMM/MM PE - Houston
Associate 1: $125k base / $125k bonus target
Current analyst looking at similar opps in Houston, you able to PM?
Do you know what the base is like across the other Energy PE firms? (across MF/MM/LMM levels)
I'm a Houston native and looking at LMM/MM PE as well. Can I DM you?
Megafund ASO1: $180 base, $180 target bonus
APO?
.
Got to be
What do firms like Lead Edge pay?
Pretty small selection of “buyside”.
What about: Growth Equity, VC, SM L/S Equity HF, MM L/S Equity HF, Credit SM HF, Credit MM HF, Macro HF, Active Equities AM, Active FI AM, Passive AM, Private Debt, CLO Managers, RE Equity, RE Debt, Structured Credit, Secondaries, GP Stakes, Co-Investments, PE FoF, HF FoF, Multi-Asset AM, Institutional Asset Allocation…
Notice how it said private capital but agreed it’s not fully comprehensive
Lots of those might be better suited for the other forums, like Hedge Funds, Real Estate, and Asset Management
LMM-MM buyout probably centers around $200k, all-in, on average, as a first-year associate.
How does comp progress each year?
del
what does Summit Partners pay ASO1?
Easy way to sanity check salary is just using the H1B Salary database for verified salaries https://h1bdata.info/index.php?em=Summit+Partners+Lp&job=&city=&year=Al…
if thats accurate than all the base salaries usually quote by people on this forum are way off.
Yeah that's why I felt the need to mention this as a source for salary figures. Most large funds have a sufficient sample size of salary data. Excluding bumps in base this year, historically you'll see that few if any funds pay above $150k base for a first year associate.
Wow this is nuts
Most MM PE I know pay around ~130ish + 100%. Unfortunately majority of firms are not raising comp, which is depressing considering IB associates making $350K+ these days. Not even like PE associates stay on or enjoy their life any more than in banking, so it's a total loss.
Do you wish you stayed in banking then
also curious
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