2025 North American Private Credit Investment Compensation Survey

This document is a detailed report on the 2025 North American Private Credit Investment Professional Compensation Survey. It compiles compensation data from 297 private credit investment professionals across North America, providing insights into executive compensation trends. The report includes comprehensive data on cash base, cash bonuses, and total cash compensation categorized by assets under management (AUM) and seniority levels. It also presents information on non-cash compensation, including business development company (BDC) distributions and the net present value (NPV) of long-term incentives. The findings aim to offer a thorough understanding of compensation packages in the private credit investment sector, reflecting changes and trends over the years. The report is intended for stakeholders interested in compensation practices within this investment domain, and it encourages feedback and inquiries from readers to enhance future surveys.