can you list a few firms that that type of pay structure then?

would assume Blackstone SP is one of them but most others I know pay associates like 220-260k all in

 

is your background in M&A or coverage or secondary advisory?

 

Because monkeys just realized there are finance careers outside of IB and Corp PE (also the guy above is definitely capping, and does so very frequently. Not sure what he’s trying to accomplish)

 
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Yeah there’s one guy who shows up to every secondaries thread talking about how midmarket secondaries funds pay top of market cash to associates, plus sizable carry, with a bigger from base than any fund I’ve seen of any type…

While I’m sure the pay at the big shops is quite nice, everything else I’ve seen about secondaries puts it below traditional buyout comp for funds of roughly the same size - maybe this guy’s fund is just killing it, but without more datapoints I think it’s, at best, an outlier, and at worst, complete bullshit

 
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  1. I never mentioned mid-market. You have no idea what fund I'm at but I'm in NYC and yes our returns are strong. We have around 8 associates, each started between 180-200 base and consistently earn 100% bonus and a very small carry allocation. I benchmarked this pay against my peers in NYC at other secondary funds and it is comparable.2. You clearly have no idea what you're talking about. As I said, even on the SELL-SIDE at EVR you can earn 180-200+ easily base and well over 100% bonus allocation.
 

What is market for this type of fund these days? I'm seeing ~$275k at a ~$2bn fund but not sure how that feels in light of all the comp increases lately.

 

Anyone have insights on MF private and liquid credit? Would be great to hear about how the private credit compares to the golubs and owl rocks and how the liquid credit compares to the octagons and csam etc

 

Pretty small selection of “buyside”.

What about: Growth Equity, VC, SM L/S Equity HF, MM L/S Equity HF, Credit SM HF, Credit MM HF, Macro HF, Active Equities AM, Active FI AM, Passive AM, Private Debt, CLO Managers, RE Equity, RE Debt, Structured Credit, Secondaries, GP Stakes, Co-Investments, PE FoF, HF FoF, Multi-Asset AM, Institutional Asset Allocation… 

 

Yeah that's why I felt the need to mention this as a source for salary figures. Most large funds have a sufficient sample size of salary data. Excluding bumps in base this year, historically you'll see that few if any funds pay above $150k base for a first year associate. 

 

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