Middle Market Private Equity Compensation -- Fair offer?
Have an offer at a MM PE firm in NYC offering $200K all-in comp + co-invest opportunities. Fund size is $300MM-$500MM. New associate role following 2 years of i-banking.
Is this fair compensation? Low end? High end? Appreciate any perspective. Thanks.
That's pretty much in line with market
Thanks Frank -- what is expectation for 2nd year? Offer is positioned as 2 and out to new firm / business school.
I've heard 250~300K for big firms (5B+) so your offer sounds good. Do you have any idea of how much the co-invest might be worth during your two year stint?
Likely 20-30K per deal with 2x+ leverage
Can you explain how this works?
I'm drooling right now it's not even funny
Solid offer.
I'll echo the others. All-in of $200k for a $300M - $500M fund directly out of banking is market, or perhaps even slightly above market. I know similar size funds that pay anywhere between $150k - $200k, often with no co-invest opportunity. Part of it also depends on size/number of active prior funds (if they have multiple funds, they'll be collecting fees to pay salaries from old investments, even if they've since raised a new fund).
Alias quia quo at est porro. Sunt iste veritatis iste hic quo. Voluptate amet expedita repellendus est saepe soluta quasi.
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