Can anybody speak to the compensation structure of a loan originators (Associate Director, Director, VP level) for privately held debt funds? Base salary, % of fees, promote? We are balance sheet lenders, originating loans and contributing to a CLO where we hold the B piece. Fees are 1% to 1.50% of loan amount. Average loan size in the $2MM to $4MM range.
I work at a start up debt fund (one of three employees) in the Upper Midwest and have a very small network in this field. I'm up for a promotion so any information would help!
Thanks!
