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If you’re going to a name brand shop, associatecomp will be between the $200k-250k range. These shops mostly recruit out of IB analyst programs (Ares, Golub, GSO, PennantPark, THL Credit, Maranon, HPS, Owl Rock, Bain Capital Credit, AEA Private Debt, etc)

 

PE shops will diligence an investment harder than the credit funds. I can take educated guesses on primary reasons:

Equity investments are, by definition, riskier and should require a more robust investment thesis.

The PE shop may take an active role in operating the company and directing its strategy, wheras the lender is a passive participant.

Credit funds often have longstanding relationships with sponsors, and to an extent they can rely on some of the diligence done by the sponsor rather than duplicating efforts.

And I could be very wrong on this last one, but I assume PE funds are taking fewer, more concentrated bets, while credit funds have greater portfolio diversification.

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