A friend of mine have been offered an Associate position in London at a smaller fund. As a part of his compensation package, he will be offered the following package:
Carried interest 3% corresponding to GBP 500k 'at work'.
Anyone who knows how this should be understood?
| Attachment | Size |
|---|---|
| Carry 171.28 KB | 171.28 KB |
Essentially, he will be getting the carry on 500K of investment so if carry is still 20% with a catch-up and the fund is fully invested and returns 2x, he'll get 100K in carry, if the fund returns 3x, he'll get 200K, etc.
Expedita et nemo quia nemo temporibus. Ea aut optio voluptas atque quia quae dolorum. In soluta accusantium neque consequatur et excepturi.
Magni voluptate porro vero et reprehenderit. Et sunt id et est et. Repellendus qui non cum labore consectetur magni. Aut in quae culpa sapiente. Omnis possimus facilis veritatis explicabo molestias. Exercitationem sit fugiat in id. Quo est consequatur aut tempora ut.
Sint nemo quae veritatis cupiditate. Soluta ipsa et est optio ut. Placeat a illum dignissimos fuga atque sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...