Secondaries Comp / Culture In 2026
There is a older thread about this so I thought I would make an updated discussion given the advancement of the secondaries space
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VP2 (now a VP3)
NY
Total comp $560 (i.e. this is for 2025)
Fundsize: $6-12B
Carry across funds ~$3.5m (I have carry across multiple vehicles, largest carry in a fund is $2m)
Should be getting another $2-3m in fund we are raising now (should be coming out in the next couple months or so), since I am a bit more senior when I got my previous carry grants (bulk of carry was granted 2 years ago, but I have gotten small bits in other vehicles across the firm since then)
Honestly feel a bit underpaid in both cash / carry (given our AUM), but I like my seat overall
hours: generally leave by 6-7 during the week. Only work on weekends if I am going to IC or am super backed up.
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This seems really high. Any idea for asso 1/2 comp at your firm
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