Lead Edge Capital
Interested to see if anyone here has any insider information on Lead Edge. Piecing together what I've seen on other threads they have An 1 comp that is 150-170 plus sizable sourcing bonuses (which blows my mind and maybe seems too good to be true), recently raised a $2bn fund bringing total AUM to $5bn, offices in Santa Barbara and NYC, a SA/Analyst program, and is pretty sourcing heavy. I don't hear them talked about as often as other GE funds that are around that size/a little larger (i.e. JMI/Spectrum) and want to see if anyone has current information on the group relative to their peers.
Looking for confirmation on the info I shared, but would also be interested to hear whether this shop would make a move to Insight/GA/Summit possible after a SA or 2 year analyst stint.
Following.
What is the sourcing Bonus?
Previous threads have it at 0.1% of check size. 100m investment = 100k
Following. Very interested as well.
Following
Any insight into interview process for associates?
If you source a deal, you get cash bonus and phantom equity for that deal. Both bonuses are valued at 0.1% of investment size.
You’ll be comped well there. Mitchel Green is extremely smart and an absolute go-getter. They just closed a large fund around $2bn with capital from pretty impressive LPs (individual/HNW actually listed on their website - some pretty impressive names).
As an associate, most of your time will be spent sourcing - which means you will spend most days cold calling. I think it’s one of the most valuable skills in PE and this is one of the best places to get the training.
Bump
Which HH covers them?
Ratio
Source? They’re not the list I have from Ratio (current 1st year interested in the firm)
They also got an investment from Dyal, which is a big vote of confidence.
Yes but how does that impact the team’s carry mechanics? Doesn’t Dyal take its pro rata share of both carry and management fees so would people working at Lead Edge on average be paid less than another growth equity shop? Any comp ranges would be great.
Nope.Equity owners get paid based on % ownership. Existing partners sold a minority non controlling equity stake in the firm. It is these partners, who sold a portion of their equity in the firm that will earn less, not the employees. Furthermore, Dyal is highly incentivized to help the firm grow its AUM. They don't invest in failing PE firms. It is growth capital. Dyal is betting that the AUM, promote and fees of the firm will go up over the long term. Along the same lines, you would expect compensation from carry to employees to also go up.
What’s their associate recruitment like? Who’s the HH that covers them?
Hi all -
Head of Internal Recruiting for Lead Edge here! We are using Ratio for our Public Investor recruiting and CarterPierce for our Growth Associates.
Is ~200k similar to expected comp for investment associates as well?
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