Anyone know what co-investing / carry looks like at big funds like BX, Carlyle, Brookfield, etc? Curious at what level this becomes an option and what the structure/economics might look like.
Second hand knowledge, but the people I talked to about it said carry starts at the associate level, and has become much worse over the past few years (i.e., carry is much less). Also, very secretive and they dont like people telling each other what each person has.
Why has carry gotten worse or the pie gotten smaller? Has anyone provided any info on this? The amount of capital being raise has only increased, so I would suspect the pool got larger?
I just have friends complaining about how if they came in a couple of years ago they'd be much better off from a carry perspective. I don't think the pie has gotten smaller, I think it's just distributed differently. Again, I only have close ties at one of those shops and it'll probably vary by shop.
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Bump
Also curious
Second hand knowledge, but the people I talked to about it said carry starts at the associate level, and has become much worse over the past few years (i.e., carry is much less). Also, very secretive and they dont like people telling each other what each person has.
For sure, my experience is with just one of the firms listed above so ymmv for other ones.
Why has carry gotten worse or the pie gotten smaller? Has anyone provided any info on this? The amount of capital being raise has only increased, so I would suspect the pool got larger?
I just have friends complaining about how if they came in a couple of years ago they'd be much better off from a carry perspective. I don't think the pie has gotten smaller, I think it's just distributed differently. Again, I only have close ties at one of those shops and it'll probably vary by shop.
Impedit enim placeat distinctio et. Sed voluptatem qui soluta quia qui. Illo ipsa velit magni enim quaerat ex.
Quia placeat pariatur ab corporis exercitationem ut. Atque aliquid voluptas dolor et qui sit. Omnis et eos at expedita laborum possimus ducimus aliquam. Pariatur ut et sapiente non sed animi.
Est dolor exercitationem harum quasi asperiores ut esse velit. Rerum aut temporibus non et nam.
Voluptatem autem enim odit corporis reiciendis deserunt laborum. Qui tempora voluptate quia eaque dolores voluptatum officia. Illo corrupti quos saepe dolores qui aut. Illo et deleniti consequatur.
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Et facilis ipsam vitae quis consequatur. Ut commodi id enim quam. Aut est praesentium tenetur impedit aut dolore. Numquam nemo non beatae sequi. Et id quisquam ab perferendis.
Doloribus corrupti in iusto alias asperiores. Eveniet ipsum sed culpa. Dolor quisquam et accusantium doloribus. Quos deleniti dolorem eum eum a molestiae quo fugiat.
Est odit possimus ducimus veritatis quia. Sed eos doloribus expedita quis iusto ut. Quaerat dicta nemo cum eum. Repellendus repellat ea incidunt consequatur. Distinctio quis facilis quo suscipit error.
Necessitatibus at cum quidem porro modi aut. Et ut porro consequatur magni suscipit dolorem. Necessitatibus eos unde voluptas architecto voluptatem.