The firm was founded in 2005 by Jeffrey Aronson and Mark Gallogly. Aronson had previously been the head of distressed securities and had founded the leveraged loan business at Angelo, Gordon & Co., which he had joined in 1989 from L.F. Rothschild & Co.
Hereof, what do you know about private equity?
Private equity is an alternative investment class and consists of capital that is not listed on a public exchange. Private equity is composed of funds and investors that directly invest in private companies, or that engage in buyouts of public companies, resulting in the delisting of public equity.
Subsequently, is private equity a good investment?
Investors turn to private equity to diversify their holdings and aim for higher returns than the public market might provide. And while private equity funds certainly come with higher risk, historically, they have indeed resulted in higher returns.
Is private equity a good career path?
A career in private equity can be highly rewarding, both financially and personally. Private equity managers often take a great deal of satisfaction from successfully guiding their portfolio companies to new high levels of profitability.
Does private equity pay well?
Private equity salaries in the U.S. range from $86k for analysts to $420k for MDs. Total remuneration for the year runs from $121k to $1.6 million.