MegaFunds IR/Fundraising Compensation
Hi Chimps,
Anyone has relevant information on compensation for fundraising/IR professionals at megafunds, especially as a VP or Principal? Also, what carry allocation should someone expect at that level?
I've searched but found limited amount of information on the subject.
Appreciate your insight. Thanks!
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Have spoken with HHs who’ve confirmed HPS to be paying the following for a “Direct Lending Specialist” role. A bit more technically granular than typical IR but still IR.
An: 135K base 35 to 55k bonus
Aso: 160k base 80 to 120k bonus
VP: 200K base 80 to 120% bonus
Do you know how much for ED and MD??
No.
Work as an associate at a competitor to HPS in this type of role and can confirm these ranges are accurate. Did ~285 this year although not a great comp year since deployment was down across the street.
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Dad is an MD at a megafund. Told me he paid he is paying his first and second year VPs ~$500k this year.
How’s the lifestyle?
You basically live in hotels/airports
He's in a pretty senior position now where main responsibilities are just overseeing the office and making sure the team runs smoothly (works about 3-5 hours a day it feels like sometimes from what I can tell). His lifestyle 10 years ago when I was growing up was pretty difficult I imagine. He would be in a different country/state for 2/4 weeks in the month and I would often not realize he's away for a couple days given how late he would work too. Note that he works in the more technical side of fundraising vs the marketing/project management side.
He's very private about how much he makes (will never tell me) but we live in an $8 million home and my parents own multiple $2-4 million vacation homes as well as a number of other real estate investments (1 bedroom apartments to rent out, etc.) and stock portfolios of about $200-300k for my siblings and me, let alone himself. Genuinely not trying to come across as braggy - I understand the position I'm in and just wanted to provide color on compensation to the extend that I’m able to give based on my lifestyle. Honestly have no idea how much I would peg his annual compensation to be but would guess $1-3 million?
This is great colour. Does anyone have any info on London comp? Especially junior level.
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What % of the capital raised would be paid to the fundraiser usually?
I heard 0.5 to 1% is usually the standard, double checking
I imagine these types of 'commission' type compensation structures seem pretty rare at the MF level given the size ($10B+) of their funds? Anecdotally I've heard that our IR team members get paid extremely well but get a higher discretionary / carry allocation after a fundraise vs clipping a % of the fund.
I've seen more where certain coverage folks get paid more $$$ if their region does well or exceeds expectations (e.g. raising $$$ in MENA) or if they attract a certain type of capital (e.g. insurance companies or raise for harder, ancillary strategies of the firm).
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