Investment Manager Comp at OpCo/DevCo level?
A Senior living Platform acquired by Oaktree named Auriens is recruiting an Investment Manager (key duties are 1.Modelling debt/dealing with lenders, 2.Modelling developments and 3. Reporting to sponsor/OCM). Does anyone know what the comp (base+bonus) would be for this kind of role? Sounds like a Senior Associate role but it's difficult to know what benchmark to use for a DevCo/OpCo like this one.
Any indication would be greatly appreciated 🙏
I am in a similar kind of company.
I would guess around £80k-£100k with 20-30% bonus.
That's really helpful - thank you very much ! It's the ballpark I was expecting.
no worries, out of curiosity what kind of role are you in currently?
Sure, I'm in RE debt UW/Asset Management (Senior Associate). Base is similar but bonus expectations are a bit better (40-60%) ballpark. I think here the trade-off would be moving to an asset class with some tailwinds (demographics) and pretty much at its birth in Europe (compared to the US). Do you work for a senior living platform as well? If not what kind of assets ?
I work for another Oaktree backed platform but in the residential space.
My interviews for this role was just with the founders of the platform and a modelling test.
Interviewed with them too. Can confirm the low bonus mark (Imposed by Oaktree). Incoming meeting with Oaktree booked.
May I ask what I should expect Leo1974? First time I'll be meeting with the "acquirer"...
Thanks
Interesting, have you confirmed base + bonus with them? It would be really appreciated if you could share it !
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Nothing clearly confirmed on the base, but said it could potentially be aligned on expectations (matching the above numbers). Emphasized on the "Sub 40% bonus" imposed by Oaktree.
I'm experienced in this sector, targeting the same trade-off as you and reassured by Oaktree regarding firepower (Proper struggle to raise capital even with a nice business plan+capital advisory firm on a success fee mandate atm...) but what's the point in evolving in a succeeding firm/market if your comps is capped by the OPCO... I'll try to dig more during next rounds.
Agreed, I guess this one is all about the delayed gratification: acquiring expertise/exposure that you might sell later at a higher price. To be honest, from what I hear Oaktree tends to be quite frugal with comp for staff in the platforms they acquire, as you'd expect they try to extract as much value as possible.
Absolutely. Good luck for the next rounds!
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