Recruiting for asset-backed finance roles at MFs currently; does anyone have any color on comp for Aso1? Is it the same as PE/DL? KKR, Blackstone (IABC), Carlyle ABF, TPG (Angelo Gordon Structured Credit), etc.?
| +41 | Take the Layoff or Quit? | 14 | 19h |
| +36 | Fund going shit but happy with life what to do? | 8 | 1d |
| +34 | PE PortCo Work | 18 | 2d |
| +24 | Rugpulled on Sr. ASO promote - how to fill a year (or two) before B school? | 7 | 2d |
| +16 | Those who exited PE, When did you know it was time? | 6 | 2d |
| +15 | Practical uses of of AI in PE | 1 | 5d |
| +14 | Case Study - HELP! | 4 | 2d |
| +14 | Paper LBO | 4 | 11h |
| +14 | PE on cycle guide | 2 | 15h |
| +12 | 1yr M&A to FoFs/Growth Equity | 1 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Compensation for Asset-Backed Finance (ABF) roles at megafunds (MFs) like KKR, Blackstone, Carlyle, and TPG can vary, but it generally aligns closely with private equity (PE) and direct lending (DL) roles at the associate level. Based on the most helpful WSO content, here’s what you should know:
Base Salary: For Associate 1 (ASO1) roles, the base salary typically ranges around $120K-$150K, depending on the fund and location. This is consistent with PE and DL roles at similar levels.
Bonus: Bonuses in these roles are performance-driven and can range from 50% to 100%+ of the base salary. Top-tier funds like Blackstone and KKR often offer bonuses on the higher end of this spectrum.
Total Compensation: Total comp for ASO1 in ABF roles at MFs can range from $200K to $300K+, aligning with PE/DL benchmarks.
Variations by Fund: Funds like Angelo Gordon (Structured Credit) and Carlyle ABF may have slight variations in comp structures, but they generally remain competitive with other MFs.
If you're targeting these roles, ensure you’re prepared for the technical and behavioral aspects of the interview process, as these funds are highly selective.
Sources: Q&A: London REPE MF Associate, Golub Capital type direct lending fund, Q&A: BB LevFin - Mezzanine - Opportunistic PE, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1
Hey - mind if I PM? Looking at similar roles and would appreciate discussing.
Sed debitis perferendis magnam sit excepturi. Ipsam itaque eveniet ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...