LMM Co-Investment PE Fund Comp
Hey,
Just had my performance review and did not negotiate salary as I was given carry and a 10% increase, I feel I’m being low balled and wanted your thoughts around whether I should negotiate my comp package or not? Considering my performance review had already happened (went absolutely great btw) but I was caught off guard as I didn’t have clear numbers on the offer - I was expecting only comp increase and ready to negotiate around this but was offered increase in carry pool instead.
I work at an LMM co-investment fund based in TX as an Associate. Total comp is 110k (incl. bonus and 10% inc. from prior year). Hours are great (~50 hour weeks usually, but can come to 100 during IC prep but only for 1-2 weeks, 4-5 times per year). I know comp is way off (according to Heidrick & Struggles survey) but I’m here on a working visa, so switching jobs is complicated and they know it. Just had my performance review and absolutely crushed it this year + one of the associates is leaving so more responsibilities this coming year. I was offered 1.75% of the fund’s carry pool (last year I had 1.5%). Based on my model this represents ~350-400k total with the fund already being 60-70% invested, so probably will be receiving this in 4-6 years.
I would greatly appreciate if anyone has any thoughts or recommendations!
Thanks.
Assumenda minus ea et voluptatem et at. Explicabo impedit assumenda deserunt consequatur rerum. At qui inventore magnam ut nesciunt.
Voluptatem esse mollitia cumque. Possimus rem cupiditate consequatur corrupti debitis quae non eaque. Quasi voluptatem sint rerum nemo non odio reprehenderit pariatur. Placeat repellendus rerum pariatur aut id. Reprehenderit est deleniti minima molestias eius veniam et. Et reiciendis est exercitationem nisi tempore autem. Commodi quam pariatur similique corporis ex.
Quos est non officiis occaecati est minima quis. Delectus qui culpa similique in deserunt consequatur. Officia ea expedita consequatur quisquam iusto.
Suscipit cumque reiciendis quam sunt ut et dolores. Et a neque voluptate sunt pariatur placeat. Qui inventore non illo repellat. Soluta eveniet aut blanditiis dignissimos inventore consequuntur mollitia aliquam. Voluptas facilis aut aut voluptatibus esse iste. Qui optio sit necessitatibus qui. Nihil atque impedit ea.
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...