H.I.G. Capital Comp Check
Anyone know what HIG's total comp is for Aso 1 and beyond?
Doesnt seem to be alot of information out there / on this forum.
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Career Resources
Based on the most helpful WSO content, here’s a breakdown of compensation at H.I.G. Capital for associates and beyond:
For higher levels: - Vice President (VP): Total compensation is around $363K. - Director/Managing Director (MD): Total compensation is approximately $599K. - Principal: Total compensation is around $676K.
These figures include base salary and bonus, reflecting averages from the private equity industry as reported in WSO threads. Let me know if you need further insights!
Sources: 2017 Hedge Fund Report: 8 Key Takeaways, 2023 Associate Compensation Megathread, Most meritocratic hedge fund?, Ask Me Anything : Anon1254, Hedge Funds COMPENSATION (London/EU)
270 / 300 / 330 / 360 for ASO 1 through 4. VP1s get 425 cash comp.
Feels super light but heard that they have good performance so at least carry must be good at the VP+ level. 3rd year Associates clear $450K at most MFs so for a VP to get less is surprising.
seems light yeah. wonder if this comp is higher for higher COL locations?
It is light but that’s because (1) HIG has a billion mouths to feed across the associates and VPs across all of the firm’s PE strategies, (2) HIG’s cash comp is standardized across funds so while the numbers are in line with market for the $2B LBO fund they seem very light vs. market for the $5.5B MM fund, and (3) HIG feeds all of its fees to the MDs and Principals because the firm knows that’s where the institutional knowledge is, and associates and VPs are ultimately viewed as expendable. Fwiw VP carry terms are roughly in line with market, HIG’s funds are typically top decile / quartile but they adjust the bps downwards to reflect that so the carry payouts in the end shake out to roughly what the market DAW is.
Seems a little below street? Or I’m I missing something? Absolute top shop for sure though
In Miami? Damn, should move over to HIG for my senior associate stint. Top tier returns, get to be in Miami, and COL adjusted don't think this is too much of a downgrade comp wise.
holy mid
Above is accurate and is more or less market for comparable fund sizes to the Flagship LBO fund. Light when comparing to funds with similar AUM.
Something to keep in mind for the folks disappointed by it only being roughly at/slightly below market is that their largest office is in Miami. Even if it were 15-20% below market, the COL savings + no state/city income tax means your take home and real discretionary income will be on par with MFs in NYC/SF. Not having to deal with horrific public transport/homeless populations IMO is priceless.
NYC horrific public transport? Lol. You know whats horrific, concrete urban sprawl with 50 lane highways and Ford F150's and dodging a tractor trailor to cross 8 lanes.
Controversial take - I would rather drive my own car than wonder if today's the day I'll be shoved in front of a train or be forced to sit in an enclosed space with hoodlums and some bum jacking off for my commute. Just because you're irrationally afraid of driving doesn't mean everyone else is lol
I think that point held true in the past but is pretty moot nowadays when most of HIG’s IPs are no longer in Miami
what does comp at hig growth look like?
Can’t tell what they lowball more, their employees or their IOIs
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