Weighing exit from LMM PC/PE
Hi, wanted to get an understanding if this is a good opportunity worth leaving for. I’m currently at a LMM PC/PE shop in a T3 city. Wear a lot of hats but my team is very hands on with our portfolio. Comp is well below market cash and all-in (less of the comp is cash than advertised before joining), with year 1 cash having landed in the 170-190k range, despite getting worked at different points of the year. Have some carry and deferred bonus subject to exploitative vesting, and have been here a bit over a year. I feel I’m ready to move on as this place treats people poorly and I’m not motivated by the work and do not believe in LMM PC generally.
While I have not been applying for roles, I was reached out to for a role at a national/regional developer/home builder doing land acquisitions and strategic projects in the same city I currently live in. Comp is likely to land in the 150-160k + 50% bonus range, with good lifestyle based on speaking with the team. If I perform, it is being very heavily pushed as leadership track/leadership adjacent, and all of the similar recent hires have some form of MBB/IB previous background (albeit less YOE than me)
Is this a market/decent exit? I have 5-7 YOE, but only 3-4 of that is in “high finance” first at a firm in a relevant to the new role asset class and now in a traditional corporate LMM PE/PC crossover shop.