Principal comp
What’s good comp for a 1st year principal at a umm and at an mf? 700-750 cash and 8-12m carry seem ok or light? Cash seems light?
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I would think montcler at least. Patagonia seems analyst level
Depends on fund size. This is a good resource on comp by level by fund size: https://www.heidrick.com/-/media/heidrickcom/publications-and-reports/2021-north-america-pe-compensation-survey.pdf
Importantly, you need to consider the firm's track record to appropriately value carry. I've seen multiple people join funds and receive big carry dollars/bps on paper but the funds never hit 2x MOIC so the cash never materialized. On the flip side, if you 3x a fund, the actual cash carry paid would double vs. traditional 2x MOIC assumption. This is how comp really ratchets up
Finally, many firms have additional kickers for closing deals, selling portcos, fundraising, etc. which can skew the numbers higher/lower depending on your performance and contribution to the firm