What would be the fair compensation for an associate with a solid transaction background acquired in a boutique strategy consulting firm (5years) at a startup real estate fund in a top 5 US city. Fund size ~ $150-$200m not all funded. Staff includes 1 other associate, 3 MDs/partners. Fee structure: 1.5%, 20% over 9% hurdle.
Hope to get some replies for people who have worked in small funds and/or startup funds.