Medley Capital structure loans and utilize debt/equity investing

DaisukiDaYo's picture
Rank: King Kong | 1,199

Hi all,

Wanted to see if anyone had any insight into the firm above.

1. Culture
2. Deals
3. Reputation
4. Compensation

They seem to structure loans and utilize debt/equity investing (no surprise.)

Thanks so much!

Comments (9)

Mar 11, 2013

Just a friendly bump!

Mar 11, 2013

Looks like a standard BDC IMO. I've heard the name a few times, but don't know much else other than that. Deal flow is non-existent on CapIQ and they don't list transactions or portfolio companies, which is odd.

I would look at other BDCs as comps for comp, hours, etc.

Mar 11, 2013

Thanks, this is really helpful. Does anyone else have further insight into Medley Capital and/or BDCs in general?

Mar 11, 2013

BDC's are actually not a bad place to work if you don't want to pull a lot of hours. I have several friends that work for a BDC and they are 9-6 jobs. At a junior level pay is OK - Decent base with little to no bonus, but they work on a lot of deals (they look at everything), including buyouts, refinancings, and even real estate. Tougher to make the transition to pure PE from a BDC role, but its happened, and Mezz funds seem to cherry pick BDC talent.

Mar 11, 2013
SchruteFarms:

BDC's are actually not a bad place to work if you don't want to pull a lot of hours. I have several friends that work for a BDC and they are 9-6 jobs. At a junior level pay is OK - Decent base with little to no bonus, but they work on a lot of deals (they look at everything), including buyouts, refinancings, and even real estate. Tougher to make the transition to pure PE from a BDC role, but its happened, and Mezz funds seem to cherry pick BDC talent.

Thanks for the honest answer :) Am I correct in assuming that at least up to pre-MBA associate, I should expect the same comp structure you mentioned? Would you say the pay discrepancy is due to the fact that BDCs are public?

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Mar 11, 2013

Yes, all I mentioned in the above post would be pre-mba associate related. The pay discrepancy is primarily due to the fund structure, types of investment, and being public. If you think about it in a very simplistic way, it makes a lot more sense: PE firms target 20%+ returns (equity investments), BDC's target 8-14%+ (primarily debt investments) - if all goes according to plan, who has more money at the end to pay people?

Mar 11, 2013

Thanks a lot, will probably get more info during the interview :)

Mar 12, 2013

Their investments, returns and selection criteria, etc. are disclosed in filings such as 10K if you are interested.

Mar 11, 2013
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