You have some at large BBs (e.g. The estimated total pay for a Private Wealth Associate at AllianceBernstein is $125,438 per year. Agrawal holds a BTech in computer science and engineering from the Indian Institute of Technology Bombay, an MS in computer science from Ohio State University, and an MBA in finance and accounting from the University of Chicago Booth School of Business. Headquarters: Los Angeles, CA. All fields are required for calculation accuracy. He is also a member of the investment committee and heads the underwriting, execution and portfolio management of the teams investments in software and technology-enabled services. Director - AB Private Credit Investors Oct 2014 - Present8 years 5 months Austin, Texas Area Middle market direct lending fund with $11.5 billion of investable capital. Recent estimates place total private debt assets under management at approximately $640 billion. Learn how this feature works. Your input helps Glassdoor refine our pay estimates over time. I'll expand a little on why I think this is the right answer: In a lot of countries banks are the primary means of extending credit into the economy. Before joining GE Capital, he worked for M&I Bank in correspondent banking. Client Skills: Forms effective relationships with counterparts at investee companies, including financial sponsors and senior executives. Finance & Accounting Based on 364 salaries Associate Portfolio Manager 59 salaries Quantitative Analyst 21 salaries View More Business Based on 331 salaries Vice President 100 salaries Speaks articulately and with confidence. GrowthCap cannot and does not guarantee continuous, uninterrupted or secure access to this website. The highest-paying job at AllianceBernstein is a Managing Director with a salary of $550,981 per year. [NYSE: TAFI]: The AB Tax-Aware Short Duration Municipal ETF, an actively managed municipal bond strategy, seeks to provide relative stability of principal and a moderate rate of after-tax return and income. Miller holds a BA in international relations from the University of Memphis and a MAcc from the University of Southern California. GrowthCap Partners, LLC has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Tell AB Private Credit Investors you're interested in working at the company, while keeping your personal identity anonymous. 11. Averages based on self-reported salaries. Investors Business Daily, in partnership with TechnoMetrica, released their third annual report, naming AllianceBernstein No. Comparably will give AB Private Credit Investors the opportunity to hire you. I agree that it's not likely. The six qualities consumers selected as most important were: Grimm was previously a vice president with GE Capital, where he held a similar role. X WhiteHorse, the credit affiliate of H.I.G. - The lines get somewhat blurred because some mezz groups will decide to do TLB or unitranche in certain situations, while others won't deviate from a mid-teens target return. He was formerly a vice president with Fifth Street Asset Management, where he held a similar role with a focus on software and healthcare. Firm: GSO Capital Partners (Blackstone) Quality of products and services. Industries . Anticipates client needs. 6 on their list of the Top 25 Most Trusted Financial Companies for 2022. Takes ownership of projects and drives the process but also knows when to ask for help. Headquarters: New York, NY. Twin Brook targets senior facilities to middle market companies with less than $25m in EBITDA. As others have mentioned, most stay in credit at similar funds. He was formerly a managing director of restructuring and special situations at PPHB, where he led the restructuring and performance-improvement practice. We offer high-quality research and diversified investment services to institutional and individual investors worldwide. Guggenheims direct lending strategy is focused on $30m to $500m financing solutions in first lien, second lien, and unitranche structures. In terms of exits, I've read that most people tend to stay in industry, but what other opportunities are possible with private credit investing experience? Prior to that, he was a group marketing manager and head of product management for clustering and high-availability products at Sun Microsystems. O Disculpa Number of Current Jobs 1. AB Private Credit Investors is the middle market direct lending platform of AllianceBernstein. The average AllianceBernstein salary ranges from approximately $53,732 per year for an Administrative Assistant to $550,981 per year for a Managing Director. The average AllianceBernstein hourly pay ranges from approximately $31 per hour for an Intern - Hourly to $73 per hour for a Software Engineer. We manage approximately $15.2 billion of capital that is available to support our borrowers financing needs for acquisitions, leveraged buyouts, recapitalizations, refinancings and growth investments. The group maintains a strong credit culture and pursues a highly selective investment process based on fundamental due diligence and a focus on transaction terms and documentation. Location: Austin, John Schissler joined AB in 2022 and is a Managing Director with AB Private Credit Investors, where he is involved in portfolio-management activities, including value-maximization and performance improvement initiatives. The lowest-paying job at AllianceBernstein is an Administrative Assistant with a salary of $53,732 per year. Please help us protect Glassdoor by verifying that you're a This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Aut voluptatum maxime quia ex dicta sit similique. AllianceBernstein employees rate the overall compensation and benefits package 3.3/5 stars. Firm: Hamilton Lane The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. The firms $7bn private credit strategy originated in 1998 and is primarily focused on senior, second lien, unitranche, and subordinated debt to middle market businesses with $10m to $150m in EBITDA. Intern, contractor and hourly pay scale vary from regular exempt employee. She is a registered Certified Public Accountant (CPA) in New York State. Discover unique insights from growth investors and leading executives. Most private credit funds that I know (not BDCs) pay around $200-$225k all in for Associates with 1-2 years of banking experience. I've seen them move to mezz funds, but less commonly equity funds. People with 2-3 years of banking experience and 2-3 years of investing experience (senior associate level) comp around $250k - $375k. 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. A very small number ends up working for PE funds. verdade. Forms opinions and is discreet about confidential information. Y .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. She joined AB Private Credit Investors in 2016 as an associate. Job Summary AB-PCI is looking for an associate to work as part of the investment team. Responds quickly and accurately to requests. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Does anyone in here work in compliance at AllianceBernstein? Thanks! He was formerly an assistant vice president in the Corporate Credit Group at Bank of America Merrill Lynch. He holds a BBA in accounting and an MPA, both from the University of Texas at Austin. AB Private Credit Investors | 1,190 followers on LinkedIn. Guys that understand credit and creditor rights tend to do well with hairy or bankrupt capital structures. If someone wants to transition from commercial banking at a BB (w/ 2 yrs experience) to a credit/mezz fund (also, is 'credit' vs. 'mezz' fund just semantics?) Anyways, my general sense is the leveraged loan market is overheating, just too much money out there structuring shitty deals with 5x+ stretch 1st lien structures for mid-market companies which won't bode well for recoveries. They are called private because unlike publicly . I kinda meant why cant you go sellside ---> buyside ----> sellside? The average salary for a Private Wealth Associate is $58,200 per year in United States, which is 53% lower than the average AllianceBernstein salary of $125,438 per year for this job. I'm sure it would be possible seeing as the focus would be credit, but I get why they would primarily recruit lev fin analysts. Kayne Anderson launched its credit offering in 2008 to support private equity sponsors and family-owned businesses in acquisition financings, refinancings, recapitalizations, and growth capital. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust Center 1209 Orange St, Wilmington, DE 19801. The firm targets loans between $30m and $100m per transition across a variety of industry verticals. (Ares, Golub, Owl Rock). Location: Austin, Justin Grimm joined AB in 2015 and is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. He began his career in transaction services at PricewaterhouseCoopers. I LPs, what do you think of ESG and impact investing? 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. If you're ready to innovate and grow your career, join us. Vp/vice President Of Ab Private Credit Investors salary is full-time annual starting salary. Location: Austin, Caton Sanders joined AB in 2017 and is a Vice President with AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. F He was formerly a vice president with H.I.G. You may wish to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions. In 2018, Kayne raised $3.1bn for its most recent senior credit fund. Prior to that, Fear was a director with CapitalSource in the US and Europe. Molestiae aut enim est repellat. Prior to H.I.G., Kalola worked for Point Frederick Capital, a hedge fund; Prospect Capital, a hedge fund with a private debt and equity focus; and Chanin Capital Partners, a boutique investment bank. He was formerly an analyst in the Leveraged Finance Group at Deutsche Bank. 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. MS, GS), some at large PE (e.g. Als u dit bericht blijft zien, stuur dan een e-mail 9. AB Private Credit Investors Director 2018. Foshager holds a BBA in finance from the University of Wisconsin, Oshkosh, and an MBA from Arizona State University. K Most private credit funds that I know (not BDCs) pay around $200-$225k all in for Associates with 1-2 years of banking experience. Aydanos a proteger Glassdoor verificando que eres una persona real. They will also selectively consider mezzanine debt investments. Our investment focus is secured lending with target, unlevered, asset-level returns of 7%10%+. The information contained in this website is the property of GrowthCap. Location: Austin, Head of Office AdministrationAB Private Credit Investors, Liz Pyeatt joined AB in 2015 as the Head of Office Administration with AB Private Credit Investors, where she is involved in executive support and administration management. Et possimus ullam atque minus nesciunt. The community relies on everyone sharing. 20. Sanders holds a BBA in financial consulting from Southern Methodist University. Lamentamos 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. para nos informar sobre o problema. Prior to joining ICON in 2008, Saini worked for SMBC Capital Markets as a risk-management officer within fixed income. Before that, he worked in private equity for the State of Wisconsin Investment Board and for Pfingsten Partners, a lowermiddle market private equity fund. 7. ABs first active ETFs are: Headquarters: Chicago, IL. Previously, she was the operations manager for LookNook and a senior associate at Austin Asset. Its three main strategies include performing credit, credit opportunities & special situations, and private debt. 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. 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. Edit Details Section. Flexible Private Debt Solutions for the Middle Market | AB Private Credit Investors provides financing to middle market companies for acquisitions, including leveraged buyouts; recapitalizations; refinancings; and growth investments. Headquarters: Houston, TX. With that in mind, we are providing you with this information on our business continuity plan. Location: Austin, Hardeep Saini joined AB in 2015 as a Managing Director of AB Private Credit Investors, where he is responsible for leading coverage efforts for certain East Coast financial sponsor relationships across a variety of industries. Awardees were selected based onapplication submissions and evaluation of firm performance including historical growth and impact on private business. 6 on their list of the Top 25 Most Trusted Financial Companies for 2022. Crestline Investors is an alternative investment management firm founded in 1997. Commitment to protecting the privacy and security of personal data. Research salary, company info, career paths, and top skills for Associate, Private Credit Investors Location: Austin, Vice PresidentAB Private Credit Investors, Robert Buckwalter is a Vice President with AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. Location: Chicago, Solomon Cole joined AB in 2016 and is a Director with AB Private Credit Investors, where he is involved in originations across a number of industries, including healthcare, software and technology-enabled business services. She holds a BS in business administration and finance from Texas A&M University. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. About AllianceBernstein She was formerly an analyst in the Consumer and Retail Investment Banking Group at J.P. Morgan and an analyst in private wealth management at Goldman Sachs. Companies in eight different business categories were surveyed including ETF/fund companies, online brokerages, wealth managers, credit card companies, banks, and auto, home and life insurers. 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. Trusted by over 1,000 aspiring private equity professionals just like you. 3. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Vp/vice President Of Ab Private Credit Investors salaries are collected from government agencies and companies. 9 Detailed LBO Modeling Tests and 15+ hours of video solutions. Location: Austin, Anand Kalola joined AB in 2017 and is a Director of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. [NYSE: TAFI]: The AB Tax-Aware Short Duration Municipal ETF, an actively managed municipal bond strategy, seeks to provide relative stability of principal and a moderate rate of after-tax return and income. In addition, the firms asset management division (GSAM), which started in 1988 and currently manages over $1.5tn in assets, also includes private debt investing activities. Firm: THL Credit Est aperiam commodi molestiae exercitationem cum. The firms credit investments are centered around two strategies, direct lending and tradeable credit businesses. KKR was founded in 1976 by Henry Kravis and George Roberts. Capital, where he held a similar role. Our deep industry experience enhances our ability to be creative and efficient while delivering certainty to our partners and borrowers. His investment banking experience includes seven years at Lehman Brothers, where he began his career, and he has held a variety of senior financial positions in the restaurant and retail industries, including senior vice president of finance and treasurer at Boston Chicken Inc. and vice president of financial operations at The Limited. Location: Austin, Melissa Thomas is a Vice President with AB Private Credit Investors, where she is involved in structuring, underwriting and execution, and portfolio management. . 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 adviser's REGISTRATION status is listed below. Credit assets under management at Apollo have grown at a CAGR of 29% over the last 10 years and the strategy is backed by over 243 investment professionals. The firm will participate in both sponsored and unsponsored situations. For LevFin Primers I like BAML and Jefferies. Location: Austin, Kevin Alexander joined AB in 2015 and is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. 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. All Rights Reserved. We are sorry for the inconvenience. Firm: KKR Credit U GrowthCap, the GrowthCap logo and other GrowthCap trademarks and service marks referenced herein are trademarks and service marks of GrowthCap. AB Private Credit focuses on midsize corporate borrowers with EBITDA of $5m to $50m and enterprise values of $75m to $500m, both in sponsored and unsponsored situations. Caso continue recebendo esta mensagem, The firm specializes in credit and opportunistic investments, which includes a robust direct lending effort focused on lower middle and middle market businesses. View All . las molestias. Before joining AB in 2021, he was a director at First Eagle Alternative Credit and THL Credit, which was acquired by First Eagle. The firms credit strategy, which currently represents more than $65bn in assets under management, is broken down into leveraged and alternative credit categories. He holds a BS in business from Tulane University and an MBA from the Kellogg School of Management at Northwestern. Prior to joining Barclays, Humphries served as group head, generalist financial sponsor coverage for Goldman Sachs Specialty Lending Group, and later led its structured private equity initiative. Prior to Norwest, Land was a senior investment analyst at Prudential Capital Group. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. If can indicate the location (i.e. naar 2. 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. We also selectively consider investments in mezzanine debt, structured preferred stock, and minority equity co-investments. pour nous faire part du problme. or Want to Sign up with your social account? He holds a BBA (Hons) in finance from the University of Texas at Austin and is a CFA charterholder. Investor Relations Openings - Hedge Fund, Private Equity, and Real Estate Industry, $100,000.00 Typical structures include senior secured, unitranche, and subordinated debt, as well as preferred and common equity. You are prohibited from using any marks for any purpose including, but not limited to use as metatags on other pages or sites on the World Wide Web without the written permission of GrowthCap or such third party, which may own the marks. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. They also initiated a senior loan strategy in 2008 focused on financing for mid- to large-sized leveraged buyout, recapitalization, and refinancing transactions. Headquarters Regions Southern US; Sub-Organization of . Previously, Ramakrishnan was a managing director with Barclays Private Credit Partners, and as a founding member of the business was involved in various aspects of business launch, transaction sourcing and execution. Z, Salary by Job: This website contains links to certain Internet sites (the Sites) sponsored and maintained by third parties. Firm: Kayne Anderson That said, some switch to lev finance. View the job description, responsibilities and qualifications for this position. Si continas viendo este mensaje, Engage in conversations about Private Wealth Associate pay with other professionals in the community. Edit Jobs Section. We offer a range of financing solutions customized for the needs of our borrowers. Prior to that, Kennedy was an associate in the Asset and Principal Finance Group at Nomura Securities. Leavitt was previously a principal with Escalate Capital Partners, where he led business development by working closely with technology lenders as well as venture capital and growth equity firms. T We are relationship-focused, with a long history of supporting the growth needs of our borrowers. GrowthCap is providing such links solely as a convenience to you. Edit Lists Featuring This Company Section, Investors Active in Greater Los Angeles Area, Austin Companies With More Than 10 Employees. Aut accusantium animi voluptas non consequuntur impedit. 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T Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Quality of products and services. Headquarters: Fort Worth, TX. Prior to CIT, he was a managing director with Challenger Capital Group, a middle market investment bank. 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. Prior to Fifth Street, Lanshe worked for Ranch Capital, a lowermiddle market private equity firm, and L.E.K. 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. F More than 6,500 consumers were surveyed in two polls conducted during June and July. I Kocher holds a BBA and MPA from the University of Texas at Austin. Investors Business Daily, in partnership with TechnoMetrica, released their third annual report, naming AllianceBernstein No. He is a member of the investment committee and leads the teams investments in digital infrastructure and services. Angel, Fund of Funds, Venture Capital). 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. Location: Austin, Marc Cooper joined AB in 2016 and is a Director of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. We'll be sending you new jobs as they are posted. https://www.bloomberg.com/news/articles/2018-06-01/public-pensions-gorge-on-private-debt-in-quest-for-big-returns. 4. The firms activities are spread across a variety of products, including primaries, secondaries, co-investments, real assets, and private credit. Before that, he served as a partner and managing director of the Texas Growth Fund, a middle market private equity firm. Preceding that, he was a financial analyst in the Investment Management division at Goldman Sachs. Its fixed income strategy includes $226bn of assets across high yield, structured, private, emerging markets, and investment grade categories. Ci why is private debt so big in the us and not elsewhere? real person. Would starting off within the credit fund space be a good career starter? 1. The firms U.S. direct lending strategy, which is handled through Ares Capital Corporation (NASDAQ: ARCC), represents the largest BDC in the United States. Gimlett holds a BBA in finance from the University of Notre Dame. Firm: Barings Do you want to receive a free, professional resume evaluation from TopResume? Judgment: Demonstrates insight in making decisions and asking questions regarding the investment, situation, and the client. We duplicate all critical firm, client, regulatory and financial information on appropriate media, and store the backed-up information at remote locations. Our customized financing solutions and efficient transaction process provide greater certainty for middle market companies. 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. He was formerly an associate at Norwest Mezzanine Partners. He holds a BBA in finance and a BS in Spanish from Southern Methodist University.