What would the salary range be for a $500MM AUM fund (distressed debt) with 10-12 employees?
In the South/Southeast (ATL/Charlotte/Houston)
I'm currently in a BB product group in Commercial/Corporate Banking but I've had a few PE recruiters reach out and I ultimately just finished second round interviews at a few small shops.
Assuming you're on the deal team, idk. Like 90 - 120k before bonuses?
This sounds about right
500mm is lower MM to MM fund so I'd expect them to get pretty close to market rate, but then you're also not in a high COL city which will bring compensation down a little bit.
I'd look for mid to high 100s all-in first year.
I agree with this estimate. There are a lot of factors that go into compensation beyond just AUM (I made a post about this a few months back). However, mid to high 100s all-in is market based on recent conversations I've had with headhunters that play in the space.
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