UK Regional LMM/Growth PE - comp?
Looking to get a feel for total comp at the Investment Manager / experienced Associate level (base, bonus, carry, co-invest)
Thinking the likes of BGF, Maven, YFM, Foresight up to slightly larger funds such as LDC, Livingbridge, ECI, Inflexion etc.
Appreciate these are a broad mix of fund types but I’m currently interviewing to move over from a Corp Dev role that pays c. £100k all in - so any datapoints points are much appreciated as it’s tough to find figures outside of London.
Based on the most helpful WSO content, here’s a breakdown of compensation insights for UK Regional LMM/Growth PE at the Investment Manager/experienced Associate level:
Your current Corp Dev comp of ~£100k all-in aligns with the lower end of this range, so a move to PE could offer a step up, especially with the potential for carry and co-invest.
Sources: Private equity comp in London?, Q&A: London REPE MF Associate, Growth PE Comp Progression, I invest in GP-led secondaries, and it’s awesome., 2017 Private Equity Report – 8 Category Highlights
Use the H&S comp report for Europe. Fits well when you use the adjustments for fund size.
That being said very different funds. Inflexion and Livingbridge strong. ECI OK to good. Rest not strong. Also most with a very UK centric focus and culture
Thanks, I wasn't aware of the H&S report - helpful resource for benchmarking. Agreed on the difference in funds - these are more a collection of who has the most headcount presence in my region. Definitely not all the best in terms of quality but unfortunately not in a position to move to London at the moment so gotta work with what ya got.
For the LMM ones you’re looking at around £150 all in
for the larger ones you’re looking at 175-200
Thanks that's helpful - roughly in line with what I expected (if maybe slightly higher). Would be interested on any views on carry being offered at this level. I know 1% is thrown around a lot on this forum as a baseline for junior but would be keen to hear any datapoints to make sure I don't lowball myself / look stupid asking for something punchy.
Aut dolorem unde provident sint. Est laborum enim eum nam qui repellendus quidem. Ducimus qui temporibus amet quaerat sint ex incidunt. Alias minus aut dolore aut tempora autem. Dolores maiores rem veritatis ut ut dolores. Dolore assumenda cum aliquam architecto. Eum accusantium reprehenderit enim autem qui.
Id nostrum quas ut aliquid minus iste fugit. Dolor laboriosam illo quo enim facere neque. Maiores consequatur expedita nihil possimus fugit. Assumenda velit corporis commodi nihil.
Adipisci voluptatibus qui enim iure laborum dolore eveniet. Non distinctio dolores architecto sint.
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...
Qui ipsa nemo laudantium accusamus. Velit culpa deserunt et non ipsum sit cum. Aspernatur aliquam doloremque reiciendis cumque consequuntur et. Dolorem reiciendis est ducimus ut ea tenetur.