| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | |
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1 | LitCap Buy Side Comp Survey (Nov 2021) | If you want to add your comp info below: | https://forms.gle/1ozZRCvEa83CRj1b7 | ||||||||||||||||||||
2 | If you want to redact firm name / remove entry, email: | news@execsum.co | |||||||||||||||||||||
3 | Firm | Firm AUM Size | Division / Area of Focus | City | Sector Focus | Currency | Title | Firm-wide base increases? | Updated Base Salary | Prior Base Salary | Most Recent Bonus | Bonus Bucket (if applicable) | Bonus Comp Mix (Cash vs. Equity vs. Carried Interest) | ||||||||||
4 | A&M Capital | Private Equity | Greenwich | Generalist | USD | Associate 1 | No | 110,000 | N/A | 110,000 | 100% Cash | ||||||||||||
5 | ABN AMRO | Asset Management | Amsterdam | Multi-Asset Generalist | EUR | Analyst 3 | No | 50,300 | N/A | N/A | n/a | ||||||||||||
6 | abrdn | $100B+ | Direct Lending / Private Credit | London | Infrastructure | GBP | Analyst 1 | No | 50,000 | N/A | N/A | 100% Cash | |||||||||||
7 | Adams Street Partners | $10B - $100B | Private Equity | Chicago | Generalist | USD | Associate 2 | Yes | 120,000 | 110,000 | 105,000 | Top | 70% cash / 30% equity | ||||||||||
8 | AEA Investors | $10B - $100B | Private Equity | New York | Consumer | USD | Associate 1 | No | 150,000 | N/A | 125,000 | ||||||||||||
9 | AllianceBernstein Private Credit | Direct Lending / Private Credit | Austin | Generalist | USD | Senior Associate | Yes | 200,000 | 165,000 | 115,000 | 20% in deferred stock | ||||||||||||
10 | Allianz Global Investors | Direct Lending / Private Credit | New York | Infrastructure | USD | Assistant Vice President | No | 120,000 | N/A | 55,000 | |||||||||||||
11 | Allied Irish Bank | $1B - $10B | Direct Lending / Private Credit | New York | Generalist | USD | Associate 1 | No | 75,000 | N/A | N/A | N/A | |||||||||||
12 | American Century | $100B+ | Asset Management | New York | Generalist | USD | Analyst | No | 165,000 | 155,000 | 285,000 | 80% Cash / 20% Equity | |||||||||||
13 | Amundi | $1B - $10B | Credit | Boston | Generalist | USD | Associate | No | 95,000 | 90,000 | 30,000 | 100% Cash | |||||||||||
14 | Anon | $100B+ | Real money asset manager | Atlanta | Emerging markets | USD | Senior Analyst (VP) | No | 157,000 | N/A | 160,000 | 75% Cash / 25% Equity | |||||||||||
15 | Anon | Long Only Manager | Baltimore | Biotech | USD | Analyst 3 | No | 85,000 | N/A | 25,000 | |||||||||||||
16 | Anon | $1B - $10B | Mutual Fund | Bellingham, WA | Generalist | USD | Senior Analyst | No | 150,000 | 130,000 | 50,000 | 100% Cash | |||||||||||
17 | Anon | Hedge Fund | Boston | Tech | USD | Portfolio Manager | Yes | 650,000 | N/A | 1,500,000 | Cash & equity | ||||||||||||
18 | Anon | $10B - $100B | Hedge Fund | Cayman | Generalist | USD | Vice President | No | 210,000 | N/A | 20,000 | 100% Cash | |||||||||||
19 | Anon | $501M - $1B | Hedge Fund | Chicago | Index options | USD | Analyst 1 | Yes | 150,000 | 130,000 | 75,000 | Middle | 100% Cash | ||||||||||
20 | Anon | $1B - $10B | Direct Lending / Private Credit | Chicago | Healthcare | USD | Vice President | Yes | 225,000 | 185,000 | 220,000 | Top | 100% Cash | ||||||||||
21 | Anon | $1B - $10B | Private Equity | Dallas | Generalist | USD | Associate 2 | No | 120,000 | N/A | 112,000 | Top | 100% cash | ||||||||||
22 | Anon | $10B - $100B | Private Equity | Dallas | Generalist / Distressed | USD | Vice President | No | 200,000 | N/A | 220,000 | 100% Cash | |||||||||||
23 | Anon | $501M - $1B | Hedge Fund | Greenwich | Generalist | USD | Analyst | No | 162,500 | N/A | 370,000 | Middle | 100% Cash | ||||||||||
24 | Anon | Secondaries | Greenwich | Generalist | USD | Analyst 2 | No | 80,000 | N/A | 20,000 | Cash, 0.13% carry that won’t pay out for 6 years | ||||||||||||
25 | Anon | $501M - $1B | Hedge Fund | London | Generalist | GBP | Analyst | No | 78,000 | N/A | 85,000 | 100% cash | |||||||||||
26 | Anon | $100B+ | Direct Lending / Private Credit | London | Generalist | GBP | Associate 2 | No | 100,000 | N/A | 85,000 | 95% cash / 5% deferred + c.1% carry | |||||||||||
27 | Anon | $1B - $10B | Private Equity | Los Angeles | Consumer | USD | Associate 1 | No | 130,000 | N/A | 135,000 | 50% cash / 50% equity | |||||||||||
28 | Anon | < $500M | Private Equity | Nashville | Business Services | USD | Senior Associate | No | 130,000 | N/A | 65,000 | Top | 100% cash | ||||||||||
29 | Anon | $10B - $100B | Private Equity | New York | Generalist | USD | Associate 2 | No | 125,000 | N/A | 240,000 | Middle | 100% Cash | ||||||||||
30 | Anon | $10B - $100B | Direct Lending / Private Credit | New York | Generalist | USD | Associate 2 | No | 125,000 | N/A | 127,500 | Top | 100% Cash | ||||||||||
31 | Anon | $1B - $10B | Private Equity | New York | TMT, Business Services, Healthcare | USD | Associate 1 | No | 95,000 | N/A | 120,000 | Top | 100% Cash | ||||||||||
32 | Anon | $501M - $1B | Venture Capital | New York | Generalist | USD | Associate 2 | Yes | 125,000 | 100,000 | 200,000 | Cash, Carry | |||||||||||
33 | Anon | $1B - $10B | Direct Lending / Private Credit | New York | TMT / Healthcare | USD | Analyst 1 | No | 100,000 | N/A | 100,000 | 10:10:4 | |||||||||||
34 | Anon | $1B - $10B | Private Equity | New York | Generalist | USD | Associate 0 | No | 125,000 | N/A | 125,000 | 50% cash / 50% equity | |||||||||||
35 | Anon | $10B - $100B | Direct Lending / Private Credit | New York | Generalist | USD | Vice President 2 | No | 160,000 | N/A | 460,000 | 100% Cash | |||||||||||
36 | Anon | Mezzanine | New York | Generalist | USD | Analyst 3 | Yes | 90,000 | 80,000 | 40,000 | 100% cash | ||||||||||||
37 | Anon | Private Equity | New York | Financial Services | USD | Senior Associate | No | 175,000 | N/A | 175,000 | 100% Cash | ||||||||||||
38 | Anon | $100B+ | Private Credit | New York | Generalist | USD | Senior Associate | No | N/A | N/A | 162,000 | 85% Cash / 15% Equity | |||||||||||
39 | Anon | $10B - $100B | CLO / Long Credit | New York | Services, Financials | USD | Principal (7 yrs experience) | No | 190,000 | N/A | 161,800 | 93% cash / 7% equity | |||||||||||
40 | Anon | $501M - $1B | Private Equity | San Francisco | Generalist | USD | Associate 1 | No | 130,000 | N/A | 165,000 | ||||||||||||
41 | Anon | $1B - $10B | Private Equity | San Francisco | Industrials | USD | Senior Associate 1 | No | N/A | N/A | 75,000 | $240k base / $75k deferred comp / 100bps carry | |||||||||||
42 | Anon | $501M - $1B | Private Equity | Stamford | Generalist | USD | Associate 3 | No | 165,000 | N/A | 165,000 | 100% Cash | |||||||||||
43 | Anon | $1B - $10B | Private Equity | Washington DC | Healthcare | USD | Associate 2 | No | 115,000 | 110,000 | 135,000 | Top | 100% Cash | ||||||||||
44 | Anon | $1B - $10B | Fund of Funds | "Mid Atlantic" Region | Tech / Healthcare | USD | Associate 1 | No | 115,000 | N/A | 31,000 | 100% Cash | |||||||||||
45 | Anon | Direct Lending / Private Credit | Washington DC | Generalist | USD | Vice President | No | 165,000 | N/A | 165,000 | 100% Cash | ||||||||||||
46 | Anon | $100B+ | Asset Management | Multiple offices, headquartered in Texas, largest office by personal in Ohio. Trading desk, and all operational departments are in Ohio | Trading, Primarily SmallCap and Midcap value | USD | Senior Equity Trader | No | 100,000 | N/A | 180,000 | 100% Cash | |||||||||||
47 | Anon | $1B - $10B | Direct Lending / Private Credit | Chicago | Generalist | USD | Associate 2 | Yes | 135,000 | 120,000 | 135,000 | Top | 100% Cash + some small carry on top | ||||||||||
48 | Anon | $100B+ | Direct Lending / Private Credit | New York | Generalist | USD | Analyst 1 | No | 90,000 | N/A | N/A | 100% Cash, 10k stock | |||||||||||
49 | Anon ($2Bn Secondaries Fund) | $1B - $10B | Private Equity | New York | Generalist | USD | Associate 1 | No | 120,000 | N/A | 75,000 | Have carry, fund hasn’t distributed yet | |||||||||||
50 | Anon (30b+ Single Family Office) | $10B - $100B | Family Office | London | Generalist | GBP | Analyst 1 | No | 50,000 | N/A | 25,000 | 100% Cash | |||||||||||
51 | Anon (Austin LMM PE) | < $500M | Private Equity | Austin | Generalist | USD | Associate 1 | No | 130,000 | N/A | 26,000 | 100% Cash | |||||||||||
52 | Anon (Austin LMM PE) | Private Equity | Austin | Business Services, Consumer Services, Education, Healthcare | USD | Associate 0 | No | 100,000 | N/A | N/A | n/a yet | ||||||||||||
53 | Anon (Austin MM PE) | $1B - $10B | Private Equity | Austin | Generalist | USD | Vice President | No | 150,000 | 140,000 | 20,000 | 100% Cash | |||||||||||
54 | Anon (Global bank) | $100B+ | Asset Management | Charlotte | Structured Products | USD | Analyst 1 | No | 60,000 | N/A | 7,500 | 100% Cash | |||||||||||
55 | Anon (HF) | $501M - $1B | Hedge Fund | Denver | Generalist | USD | Principal | No | 175,000 | 140,000 | 180,000 | Top | 70% cash / 30% equity | ||||||||||
56 | Anon (LA MM PE) | $1B - $10B | Private Equity | Los Angeles | B2B SaaS | USD | Analyst 1 | No | $75,000 | N/A | 15,000 | ||||||||||||
57 | Anon (LA MM PE) | $1B - $10B | Private Equity | Los Angeles | Software | USD | Senior Associate | No | 175,000 | N/A | 150,000 | 100% Cash | |||||||||||
58 | Anon (Large Cap PE Fund) | $10B - $100B | Private Equity | New York | Generalist | USD | Vice President | No | 250,000 | N/A | 300,000 | Top | Performance based | ||||||||||
59 | Anon (LMM Distressed) | Distressed | New York | Generalist | USD | Analyst 2 | No | 125,000 | 85,000 | 150,000 | 100% Cash | ||||||||||||
60 | Anon (Mid Market Firm $2.5B AUM) | Private Equity | New York | Generalist | USD | Analyst 1 | No | 90,000 | N/A | 60,000 | |||||||||||||
61 | Anon (MM infra fund) | $10B - $100B | Private Equity | New York | Infrastructure | USD | Associate 2 | No | 135,000 | N/A | 125,000 | 95000 cash, 30000 deferred stock | |||||||||||
62 | Anon (MM PE) | $501M - $1B | Private Equity | San Francisco | Consumer | USD | Senior Associate | No | 195,000 | N/A | 100,000 | Top | 60% cash 30% bonus 10% carry | ||||||||||
63 | Anon (MM PE) | $501M - $1B | Private Equity | San Francisco | Tech and business services | USD | Associate 1 | No | 120,000 | N/A | 54,000 | 100% Cash | |||||||||||
64 | Anon (Newly formed energy PE shop) | $1B - $10B | Private Equity | Greenwich | Energy / Infrastructure | USD | Senior Associate | No | 200,000 | N/A | 175,000 | 100% Cash | |||||||||||
65 | Anon (RE PE) | Private Equity | New York | Real Estate | USD | Associate 2 | No | 200,000 | N/A | 100,000 | |||||||||||||
66 | Anon (Redacted due to team size) | Private Equity | Edmonton | Infrastructure | CAD | Analyst 3 | No | 90,000 | N/A | 40,000 | Top | 100% Cash | |||||||||||
67 | Anon (Redacted due to team size) | < $500M | Private Equity | Miami | Generalist | USD | Principal | No | 250,000 | N/A | 100,000 | Bonus is cash. Carry allocation is 15% of GP | |||||||||||
68 | Anon (Redacted due to team size) | $501M - $1B | Private Equity | "Gulf South" region | Generalist | USD | Vice President 2 | No | 145,000 | N/A | 150,000 | Top | Cash, but I have 2% carry | ||||||||||
69 | Anon (Redacted due to team size) | $501M - $1B | Private Equity | "Gulf South" region | Generalist | USD | Associate 1 | No | 100,000 | N/A | N/A | ||||||||||||
70 | Anon (Redacted due to team size) | Private Equity | Atlanta | Generalist | USD | Principal | No | 164,000 | N/A | 150,000 | 100% Cash | ||||||||||||
71 | Anon (Redacted due to team size) | Private Equity | Charlotte | Generalist | USD | Analyst 1 | No | 80,000 | N/A | 20,000 | 100% Cash | ||||||||||||
72 | Anon (Redacted due to team size) | $501M - $1B | Mezzanine | Charlotte | Generalist - LMM | USD | Associate 3 | Yes | 120,000 | 108,000 | 90,000 | 100% Cash | |||||||||||
73 | Anon (Redacted due to team size) | $501M - $1B | Direct Lending / Private Credit | Chicago | Generalist | USD | Vice President | Yes | 132,500 | 117,500 | 100,000 | 100% Cash | |||||||||||
74 | Anon (Redacted due to team size) | < $500M | Private Equity | Chicago | Generalist | USD | Analyst 1 | No | 130,000 | N/A | 40,000 | 80% Cash / 20% Equity | |||||||||||
75 | Anon (Redacted due to team size) | Private Equity | Denver | Software | USD | Associate 1 | No | 100,000 | N/A | 25,000 | 150,000 carry | ||||||||||||
76 | Anon (Redacted due to team size) | < $500M | Private Equity | Minneapolis | Healthcare | USD | Vice President | No | 135,000 | 100,000 | 100,000 | Top | |||||||||||
77 | Anon (Redacted due to team size) | $1B - $10B | Private Equity | Minneapolis | Generalist | USD | Associate 1 | No | 110,000 | N/A | 95,000 | 100% Cash | |||||||||||
78 | Anon (Redacted due to team size) | Distressed | New York | Generalist | USD | Analyst 1 | Yes | 100,000 | 90,000 | N/A | 100% Cash | ||||||||||||
79 | Anon (Redacted due to team size) | < $500M | Private Equity | New York | Generalist - Growth Equity | USD | Senior Associate (4 years in PE) | No | 100,000 | N/A | 275,000 | 100% cash | |||||||||||
80 | Anon (Redacted due to team size) | < $500M | Venture Capital | San Francisco | TMT | USD | Associate 3 | No | 55,000 | 55,000 | N/A | 5% Carry | |||||||||||
81 | Anon (Redacted due to team size) | $1B - $10B | Private Equity | New York | Generalist | USD | Associate 2 | No | 100,000 | N/A | 150,000 | Top | 100% Cash | ||||||||||
82 | Anon (Redacted due to team size) | $100B+ | Credit - HY / Loans | Los Angeles | Energy | USD | Managing Director | No | 275,000 | 275,000 | 650,000 | 80% cash / 20% stock | |||||||||||
83 | Anon (Redacted due to team size) | $1B - $10B | Direct Lending / Private Credit | New York | Generalist | USD | Associate 2 | No | 132,500 | N/A | 132,500 | 100% Cash | |||||||||||
84 | Anon (Redacted due to team size) | Venture Capital | San Francisco | Healthcare | USD | Analyst 3 | No | 125,000 | 125,000 | 75,000 | 100% Cash | ||||||||||||
85 | Anon (Redacted due to team size) | $1B - $10B | Private Equity | New York | Financial Services | USD | Associate 2 | No | 125,000 | N/A | 115,000 | 100% Cash | |||||||||||
86 | Anon (Redacted due to team size) | $10B - $100B | Direct Lending / Private Credit | London | Generalist | GBP | Vice President | No | 100,000 | N/A | 75,000 | 100% Cash | |||||||||||
87 | Anon (Redacted due to team size) | $1B - $10B | Direct Lending / Private Credit | New York | Generalist | USD | Associate 1 | No | 125,000 | N/A | 100,000 | ||||||||||||
88 | Anon (Tiger Cub) | Hedge Fund | New York | Generalist | USD | Analyst | No | 170,000 | N/A | 600,000 | Middle | 500k Cash / 100k Equity | |||||||||||
89 | Anon (Top MM Credit Firm (Golub / Owl Rock / Ares / Antares / HPS)) | $10B - $100B | Direct Lending / Private Credit | Los Angeles | Generalist | USD | Associate 1 | Yes | 155,000 | 130,000 | 120,000 | Middle | 80/0/20 | ||||||||||
90 | Anon (Upper Middle Market) | Private Equity | Houston | Infrastructure | USD | Associate 0 | No | 125,000 | N/A | 156,000 | |||||||||||||
91 | Anon (VC) | $1B - $10B | Venture Capital | St. Louis | Biotech | USD | Principal | No | 240,000 | N/A | 65,000 | 100% Cash | |||||||||||
92 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | Chicago | Generalist | USD | Associate 0 | Yes | 130,000 | N/A | N/A | 90% cash / 10% equity | |||||||||||
93 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | Chicago | Generalist | USD | Associate 2 | Yes | 135,000 | 120,000 | 55,600 | All cash until bonus >100k, then equity on first 20%. | |||||||||||
94 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | Chicago | Healthcare | USD | Associate | Yes | 180,000 | 160,000 | 125,000 | 100% Cash | |||||||||||
95 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | Chicago | Healthcare | USD | Associate 2 | Yes | 185,000 | 165,000 | 130,000 | 100% Cash | |||||||||||
96 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | New York | Generalist | USD | Senior Vice President | Yes | 275,000 | 250,000 | 700,000 | Top | 65% cash, 35% stock | ||||||||||
97 | Antares Capital | $10B - $100B | Direct Lending / Private Credit | New York | Generalist | USD | Associate 2 | Yes | 155,000 | 125,000 | 100,000 | 90% cash 10% deferral | |||||||||||
98 | APG Asset Management | $100B+ | Sovereign Wealth Fund | New York | Infrastructure | USD | Associate 1 | No | 125,000 | N/A | 40,000 | 100% Cash | |||||||||||
99 | Apollo | $100B+ | Private Equity | London | LBO | EUR | Senior Principal | No | 460,000 | N/A | 4,700,000 | 3.8mm carry, vests over 7 years, rest cash | |||||||||||
100 | Apollo | $100B+ | Direct Lending / Private Credit | New York | Generalist | USD | Principal | No | 250,000 | N/A | 250,000 | 85% cash 15% equity |