PE base and bonus pay is great but people normally talk about carry being the big money-maker. With carry beginning as a VP and presumably taking ~7 years to materialize, how often do people either (1) get pushed out / not promoted (2) leave on their own accord either to another fund or leaving PE prior to carry actually materializing?
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How likely is it that this same question gets reposted every other week...
You get to keep all of your vested carry (unless the fund blows up, then there's no carry).
Don’t a fair # of funds repurchase your vested carry at FMV at the time of your departure? If so, you’d be getting a substantially lower $ value given the conservatism with internal valuation marks
"conservatism with internal valuation marks"
lol, not in today's environment.
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