Highest paying infra funds/ infra groups at PE funds in London?

Based on the most helpful WSO content, here’s a breakdown of compensation insights for infrastructure-focused funds or groups within private equity in London:

1. Analyst/Associate Level:

• Base Salary: Comparable to traditional PE, with starting salaries around £90k-£120k for top-paying funds like GIP, MIRA, Brookfield, and Stonepeak.
• Bonus: Typically ranges from 80%-120% of base salary, with aggressive funds occasionally going up to 150% for exceptional performers.
• Carry: At this level, carry is minimal or non-existent. However, some funds may offer deferred co-investment opportunities.

2. Principal Level:

• Base Salary: Principals in infrastructure PE can expect £160k-£180k, depending on the fund.
• Bonus: Bonuses range from 100%-150% of base salary.
• Carry: Carry allocations become more meaningful at this stage, with 1-2% of fund profits (post-LP returns and net of management fees). Vesting typically occurs over 3-5 years, with clawback provisions in case of underperformance.

3. Managing Director/Partner Level:

• Base Salary: Base salaries for MDs/Partners in infrastructure PE are generally in the £200k+ range.
• Bonus: Bonuses can be substantial, often exceeding 150% of base salary.
• Carry: Carry allocations at this level can be significant, with total carry dollars at work across multiple funds potentially reaching £10M+ over time. However, payouts are staggered and depend on fund performance and lifecycle.

Top-Paying Infrastructure Funds:

• Funds like GIP, MIRA, Brookfield, Stonepeak, and ISQ are known for competitive compensation packages. These funds often offer strong co-investment terms and higher carry potential compared to smaller or mid-market infrastructure funds.

Key Notes:

• Infrastructure PE compensation is generally competitive with traditional PE at the associate level but may start to lag at more senior levels unless carry is factored in.
• Real upward mobility exists in strong infrastructure programs, which may not follow the typical "2+out" model seen in traditional PE.

For more detailed insights, you can explore threads like https://www.wallstreetoasis.com/forum/private-equity/overview-of-infras…</a">this one on WSO.

Sources: Private equity comp in London?, Infrastructure Compensation, Q&A: European PE professional at a Large-cap Megafund, Overview of Infrastructure Private Equity, Overview of Infrastructure Private Equity