Private Credit Associate Comp?

Based on the most helpful WSO content:

Private Credit Associate Compensation at LMM - MM Funds

Location: Chicago

• Salary and Bonus:

  • First-Year Associate:
  • Salary: $100K
  • Bonus: $100K
  • Second-Year Associate:
  • Salary: $200K
  • Bonus: $150K

• Carry:

  • Information on carry at private direct lending firms is not explicitly detailed in the provided context. However, it is mentioned that carry might be a topic of interest among associates.

Additional Insights:

• Compensation Ranges:

  • For first-year associates, compensation ranges from $175K to $250K depending on the size of the shop and its location.
  • Top-tier firms like Ares, GSO, Owl Rock, HPS, Bain Capital Credit, etc., are likely to be at the higher end of this range.

• Workload and Performance:

  • Bonuses can vary based on performance and the communicated ranges to the associate group.

For more detailed discussions and data points, you can refer to the threads on Wall Street Oasis: - https://www.wallstreetoasis.com/forum/credit/private-credit-direct-lend…</a">Private Credit / Direct Lending Comp - https://www.wallstreetoasis.com/forum/private-equity/pe-mm-associate-co…</a">Pe MM associate comp

If you need further specifics or have more questions, feel free to ask!

Sources: Private Credit / Direct Lending Comp, Data: Average Private Equity Compensation and Carry from Associate to Managing Partner, LMM PE Associate Experience - What is it REALLY like?, Private Credit Comp, Restructuring --> Direct Lending / Private Credit