Curious for London PE firms, do you usually get the same perks in IBD
i.e. £20 something dinner allowance and cab back home after 10, generous pensions etc.? or are the perks better or worse beyond your (cash, bonus, carry etc. direct comp)
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At a $20bn+ Fund in London:
- Ubers every evening
- £30 dinner allowance
- 30 Basis points of carry at VP level
- Levered Co-invest with firm providing internal credit facility at 80% LTV
- Drinks expensed
- Yearly global off-site in the Hamptons
80% LTV? Meaning you lever your Investment by 1:4, e.g. 100k Equity Investment with 400k of Debt?
And what are the all-in financing costs? 100-150bps?
In theory you are right. But you will likely be capped at a much lower total investment amount (say $100-200k per year, increasing with seniority). Also interest expense is usually significantly higher (closer to 300-500bps).
15-20bm fund
-£35 Dinner After 7 on Weekdays / £70 per day on Weekend Days (office or WFH)
-Uber Exec after 8
-7.5% of base incremental into pension => increases to 10% after few years at the firm
-co-invest
-health insurance (covers everything, including mental health, surgery etc - no deductible no cap)
-gym sbusidy
-lunch subsidy
Sounds good. Is this a US firm?
Yep
Nice job
£35 per day and £70 on weekends is wow
What do you mean by base incremental?
bump
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