BofA bankers get a raise — Big LBOs are back — SoFi wants to underwrite IPOs

Warburg Pincus is bumping pay by up to 30% for junior workers as private-equity firms and banks spend big to hang onto talent

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The private-equity firm is bumping pay for its analysts and associates, who can already bring home north of $330,000 in base salary and bonus. Get the full rundown.

And we’ve got a full recap of what 8 banks and PE shops are doing to entice young talent to stay.

March was not pleasant for many hedge funds, thanks in part to the implosion of Bill Hwang’s family office Archegos. See which managers were hit hardest.

Ramp just raised $115 million at a $1.6 billion valuation in a Series B co-led by Stripe as investors pour money into the red-hot market for corporate cards

Ramp

Competition is heating up in the corporate card space, and Ramp is leading the charge with a fresh round of funding led by Stripe. We spoke with the startup’s cofounder and CEO, who shared details about the company’s latest raise. Here’s what he told us.

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CoreLogic and Michaels are raising almost $9 billion to fund private-equity buyouts this week. Leveraged buyouts are expected to pick up this year after companies stayed on the sidelines in 2020. Read more here.

BlackRock hires longtime Goldman executive in a top strategy role to help drive growth in its $276 billion alternatives business

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BlackRock named Stephanie Smith chief operating officer of its alternatives business. Read more about the hire here.

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