Prior to that, Pearson was an analyst in the Technology, Media & Telecom Group at Barclays Capital and the Consumer, Food & Retail Group at Houlihan Lokey. Neither this website nor any information or opinion on this website constitutes a solicitation, offer or recommendation by GrowthCap or its affiliates to buy or sell any securities, futures, options or other financial product or offer to provide or solicitation to obtain any advisory or other service. Click the link in the email we sent to to verify your email address and activate your job alert. Makes persuasive arguments. Any possibility to move internally from the private credit side to PE or PE operations - thinking about a fund that has all three rn. By agreeing to submit your resume, you consent (in accordance with our Terms of Use and Privacy Policy) to: Should you have any questions or wish have your information removed from our service, please contact us here. The ETF offers municipal bond investors a distinct complement to their core allocations providing the opportunity to help maximize after-tax income and returns using shorter maturity bonds and opportunistic exposure to treasuries and taxable bonds. Tell AB Private Credit Investors you're interested in working at the company, while keeping your personal identity anonymous. Most people definitely just move to a different kind of credit investing. Through close partnerships with our clients, we collaborate on investment strategies across regions and sectors to inspire innovative thinking and deliver superior outcomes. I don't think it's likely anyone is moving to lev fin after being on the buyside. At least two years prior relevant work experience in Leveraged Finance, Financial Sponsor Coverage or M&A investment banking, private equity, or private credit investing while being a top performer. Currently on sell-side and looking to read up on the private credit/HY landscape as I am starting to interact with these guys a ton and want to know more about how their world looks. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Twin Brook targets senior facilities to middle market companies with less than $25m in EBITDA. ABs President and CEO Seth Bernstein, Head of Global Client Group & Head of Private Wealth Onur Erzan, Global Head of ETFs Noel Archard, and colleagues rang the closing bell, which was captured on CNBC. The six qualities consumers selected as most important were: It's FREE. We have a demonstrated track record of consistently producing attractive, risk-adjusted returns throughout low-rate environments. Compensation depends on work experience, job location, bonus, benefits and other factors. Comparably will give AB Private Credit Investors the opportunity to hire you. Saragossa New York, NY 1 week ago Over 200 applicants Over 200 applicants excuses voor het ongemak. K Each salary is associated with a real job position. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. Headquarters: Fort Worth, TX. Based on your input and our analysis. Crescent is also one of the largest providers of mezzanine capital in the market, with its recent fund exceeding its fundraising target by nearly $2bn. The ETF aims to deliver higher levels of yield relative to cash or cash-like investments, while aiming for capital preservation in all market cycles. 19. He was a founding member of the senior management team of CapitalSource Europe, responsible for sourcing, executing and monitoring a $500 million portfolio of middle market mezzanine and other leveraged loans in a variety of industries. Previously, she was the operations manager for LookNook and a senior associate at Austin Asset. He was formerly a managing director of restructuring and special situations at PPHB, where he led the restructuring and performance-improvement practice. O Location: Austin, Dennis Drent joined AB in 2016 and is a Vice President with AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. ABs President and CEO Seth Bernstein, Head of Global Client Group & Head of Private Wealth Onur Erzan, Global Head of ETFs Noel Archard, and colleagues rang the closing bell, which was captured on CNBC. Z, Salary by Job: Why's that? I would try to obtain one of those (maybe your HY research team put one together and can send). He holds a BBA (Hons) in finance from the University of Texas at Austin and is a CFA charterholder. GrowthCap makes no representations concerning the content of the Sites and the provision of a link does not constitute an endorsement, authorization, sponsorship, or claim of affiliation by GrowthCap with respect to the Site, its owners, or its providers. Location: Austin, Andrew Izzo joined AB in 2014 and is a Director of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. D Location: Austin, Sean Kennedy joined AB in 2014 and is a Director of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. Location: Austin, David Foshager is a Director of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. Alexander holds a BBA (Hons) in financial consulting from the Southern Methodist University and an MBA in finance and economics from the University of Chicago Booth School of Business. Job Description Specific responsibilities include but are not limited to: Play a key role in the execution of a transactions and management of portfolio investments: candidates must exhibit the capability to master all aspects of executing a transaction, including but not limited to business due diligence, financial analysis/modeling, industry research, preparation of investment memoranda and other written materials, and interacting with financial sponsors and management teams. We offer a range of financing solutions customized for the needs of our borrowers. We manage approximately $14.5 billion in investable capital (as of September 30, 2022), and can make sizable commitments to facilitate new and repeat transactions to support the growth needs of our borrowers. Prior to joining ICON in 2008, Saini worked for SMBC Capital Markets as a risk-management officer within fixed income. Lewis Leavitt is the Director at AB Private Credit Investors. Same here. While GSAM broadly employs a multi-strategy, multi-asset approach, its private debt activities include a robust middle market direct lending effort targeted on businesses with $5m to $75m in EBITDA. Your input helps Glassdoor refine our pay estimates over time. Almost all private credit shops require sell-side experience first, and most if not all of the big ones recruit exclusively out of BB Lev Fin groups. He joined the firm in 2016 as a vice president of AB Private Credit Investors. We duplicate all critical firm, client, regulatory and financial information on appropriate media, and store the backed-up information at remote locations. This website shall mean the website of GrowthCap, which is available to the general public and located at www.growthap.co. 8.5 million company & government reported. Millsaps was formerly an associate director with ORIX, as well as an associate in the Corporate Debt Products Group at Bank of America Merrill Lynch. The firm specializes in credit and opportunistic investments, which includes a robust direct lending effort focused on lower middle and middle market businesses. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Prior to that, Kocher was an operational due diligence analyst at Barclays Wealth Americas and Barclays Global Investors. On Fishbowl, you can share insights and advice anonymously with AllianceBernstein employees and get real answers from people on the inside. Headquarters: New York, NY. From time to time we participates in disaster recovery exercises to confirm that such stored information remains accurate and accessible to us. Previously, he was a vice president in GE Capitals Sponsor Finance Group (now Antares Capital), where he originated investments in the technology and media industries. We partner with leading financial sponsors but also lend to non-sponsored companies, including family-owned businesses and public companies in need of a private debt solution. Obviously with distressed debt or mezz debt it can be a bit different but by and large equity generates higher returns and pays out better. Nous sommes dsols pour la gne occasionne. Before that, Bielinski was a managing director with Richard C. Breeden & Co., an advisory firm headed by a former chairman of the US Securities and Exchange Commission. Headquarters: Chicago, IL. Intern, contractor and hourly pay scale vary from regular exempt employee. AB Private Credit Investors | 1,190 followers on LinkedIn. Quia consequuntur est reiciendis molestiae aperiam qui nam a. Repellat velit laboriosam cupiditate nihil et tenetur deserunt. L Firm: THL Credit We offer the right mix of capital flexibility and experience to partner with middle market companies. Firm: Apollo Global Management 6 on their list of the Top 25 Most Trusted Financial Companies for 2022. 1. It's weird that people tend to think of equity investment superior than credit investment. GSO sits as a distinct division of Blackstone, the $472bn global asset management firm founded in 1985 by Pete Peterson and Stephen Schwarzman. Prior to joining GE Capital in 2004, he worked for KPMG. Prior to that, he was a group marketing manager and head of product management for clustering and high-availability products at Sun Microsystems. Esse qui molestiae molestiae. Location: Austin, Casey Millsaps joined AB in 2015 and is a Director of AB Private Credit Investors, where she is involved in structuring, underwriting and execution, and portfolio management. WhiteHorse, the credit affiliate of H.I.G. T AB is a global investment-management and research firm with more than $600 billion in assets under management and.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. A) Salary.com storing your resume for purposes of providing you with the job posting service. Prior to this, Barry spent nine years in Dublin, Los Angeles and New York with middle-market credit fund AIB Debt Management, where he was focused on underwriting leveraged buyouts, ABL and real estate credit investments. The estimated additional pay is $49,821 per year. Much less than banking or PE. AB celebrated the firms first ETF launch at the New York Stock Exchange in October 2022. The failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between GrowthCap and you, regardless of whether the connection or communication service is provided by GrowthCap or a third party service provider. The estimated total pay for a Private Wealth Associate at AllianceBernstein is $125,438 per year. Lamentamos We are fundamental investors and employ a rigorous approach to credit analysis that enables us to properly assess credit risks and underwrite the underlying value of the businesses we support. Our model gets smarter over time as more people share salaries on Glassdoor. He was previously a managing director with CIT Group, where he led the restaurant industry practice within Corporate Finance for seven years. AllianceBernstein Private Credit Investors Overview AllianceBernstein Private Credit Investors (AB-PCI) was founded in April 2014 with a mandate to grow into a multi-billion dollar private corporate credit investing platform. More than 6,500 consumers were surveyed in two polls conducted during June and July. In my experience (limited to Real Estate), debt doesn't pay as well across the board as return profiles are generally far more conservative. The firms U.S. direct lending strategy, which is handled through Ares Capital Corporation (NASDAQ: ARCC), represents the largest BDC in the United States. V The firms direct lending arm, Apollo Investment Corporation (AIC), is a publicly traded BDC with approximately $20bn in assets under management. "Lending money is easy, the hard part is getting it back.". Als u dit bericht blijft zien, stuur dan een e-mail Help make it more accurate by, Native Hawaiian or Other Pacific Islander, Get started with your Free Employer Profile, average salary for a Private Wealth Associate is $58,200 per year in United States, The Ultimate Job Interview Preparation Guide. You are permitted to store, display, analyze, modify, reformat, and print the information made available to you via this website only for your own use. In 2018 alone, Crescent deployed $1.5bn in new direct lending commitments across 25 platform companies and 75 add-on acquisitions. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Est aperiam commodi molestiae exercitationem cum. Voluptas veniam et pariatur nostrum. Company's service/treatment of others. Get a free, personalized salary estimate based on today's job market. As part of this effort, BlackRock purchased the $9bn private credit manager Tennebaum Capital Partners in 2018. The names of other companies and third-party products or services mentioned herein may be the trademarks or service marks of their respective owners. AB celebrated the firms first ETF launch at the New York Stock Exchange in October 2022. Sorted by Date, page 1, Related Vp/vice President Of Ab Private Credit Investors Salary, Vp/vice President Of Ab Private Credit Investors Salary, Alliancebernstein Vp/vice President Of Ab Private Credit Investors Salaries, Vp/vice President Of Ab Private Credit Investors Austin, TX Salaries, .NET DEVELOPER (SOFTWARE DEVELOPER, APPLICATIONS) Salary. Grimm holds a BS in mechanical engineering from Tulane University and an MBA from the Samuel Curtis Johnson Graduate School of Management at Cornell University, where he was a Roy H. Park Leadership Fellow. On Fishbowl, you can share insights and advice anonymously with AllianceBernstein employees and get real answers from people on the inside. Prior to that, Weiss was a managing director at MFC Capital Funding, where he was a member of the firms investment committee and one of five senior deal professionals responsible for sourcing and executing debt investments for lowermiddle market companies. Headquarters Regions Southern US; Sub-Organization of . Averages based on self-reported salaries. He holds a BA with concentrations in economics and sociology from University College Dublin. Investor Relations Openings - Hedge Fund, Private Equity, and Real Estate Industry, $100,000.00 Develops the ability to draft various internal and external documents/memoranda quickly and with clarity. 6 on their list of the Top 25 Most Trusted Financial Companies for 2022. Anticipates client needs. AllianceBernstein employees attributed a compensation and benefits rating of 3.3/5 stars to their company. The firms middle market activities are focused on businesses with between $5m and $100m in EBITDA, with the flexibility to provide unitranche, senior debt, revolvers, and delayed draw term loans. J He was formerly an associate at Norwest Mezzanine Partners. Information submitted to us is only available to employees managing this information for purposes of contacting you or sending you emails based on your request for information, and to contracted service providers for purposes of providing services relating to our communications with you. The average salary for a Credit And Private Investment Risk is $26,877 per year in . For purposes of this agreement, GrowthCap means GrowthCap, LLC and its subsidiaries and other affiliates, and their officers, directors, managing directors, partners and employees. Crowdsourced from 750k+ members. Financial Services. Apollo operates one of the largest alternative credit platforms in the world. GrowthCap Partners, LLC is not a retail broker-dealer and does not provide research or analyst reports or solicit or carry accounts for, or offer or sell securities products to retail customers. The direct lending effort is focused exclusively on highly negotiated investments in middle market companies for growth financings, recapitalizations, and acquisition financings. Credit activities at Apollo are extremely broad, including non-traditional off-the-run asset classes, traditional middle market and corporate loans, and even distressed situations. Before that, Fear was a vice president focused on M&A advisory at Robert W. Baird in London and Chicago. Can anyone explain what types of debt / funding a BDC can offer? When they extend to companies, that's effectively private credit but it exists within the banking system. GrowthCap is providing such links solely as a convenience to you. Although the information provided to you on this website is obtained or complied from sources we believe to be reliable, GrowthCap cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Atque earum officiis perferendis mollitia voluptate quod qui. AB Private Credit Investors ("AB-PCI") is the $14B+ private corporate credit investing platform of Alliance Bernstein ("AB") offering direct lending capabilities to middle-market. AB-PCI manages approximately $9.2 billion in capital available for investment and offers a range of financing solutions to middle market companies, including having the capacity to invest up to . Headquarters: New York, NY. I've seen them move to mezz funds, but less commonly equity funds. GrowthCap is pleased to announced the Top 20 Private DebtFirms of 2019. This provides an attractive opportunity for high caliber individuals to interact directly with senior team members as well as private equity investors, company management, sell-side banks, lawyers, accountants and other business professionals, as well as to be part of a new growth platform and assume significant levels of responsibility over time. Firm: Guggenheim Investments Who We Are Prior to PPHB, Schissler held various CEO and CFO operating roles, as well as consulting roles with Alvarez & Marsal and FTI. He was formerly a vice president on the Credit team at AB Private Credit Investors, where he was involved in structuring, underwriting and execution, and portfolio management. Firm: Crescent The skillsets begin to diverge the longer you spend doing either and your network is completely different as well. BDC 2nd Year Analyst - 100-110K Base, 50-70K bonus. Defends position and answers questions well. Headquarters: New York, NY. message, please email Strive to make a positive impact on the people around you by being a team player and an effective project manager, develop strong working relationships, and demonstrate strong commitment to the teams goals consistent with AB-PCIs emphasis on a cooperative and supportive work environment Job Qualifications & Key Attributes The ideal candidate should have: Bachelors degree demonstrating superior academic performance. Potentially going to get offered $80-85k to be a compliance associate and just seeing if anyone works there/if thats a reasonable salary or below expectations. H 18. Location: Austin, Jake Swetnam is a Vice President with AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. Et fuga dolorem exercitationem accusamus aliquam quia. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. naar Wenn Apollo, Blackstone/GSO, Carlyle), some at large financial institutions (e.g. 6. Awardees were selected based onapplication submissions and evaluation of firm performance including historical growth and impact on private business. In addition to the reasons previously mentioned ie US private equity and bank regulation (leveraged lending guidance was a major catalyst of the boom we're seeing in the private credit), a lot of it also comes down to just lack of creditor protections in some foreign jurisdictions. Typically consists of a base of $110-$120k and the remainder is bonus. Prior to joining AB, Cole was an associate with the Merchant Banking Group at BNP Paribas, where he focused on originating, underwriting and syndicating leveraged loans for sponsor-backed transactions. TIA. X Firm: KKR Credit The lowest-paying job at AllianceBernstein is an Administrative Assistant with a salary of $53,732 per year. They began with a focus on mezzanine, having deployed over $30bn since inception. Congratulations to this years awardees. Weiss began his career as an analyst at NationsBank. U Before that, he served as a partner and managing director of the Texas Growth Fund, a middle market private equity firm. and size of the fund, position (analyst/associate) as well, that'd be helpful.