MD REPE comp? (london)
Curious what comp figures are like for REPE acquisitions / AM guys at larger name LP Funds (BX / Ares etc)
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Based on the WSO Dataset, compensation figures for roles within Real Estate Private Equity (REPE), especially for positions at the Managing Director (MD) level in London, are not explicitly detailed. However, we can infer from the information provided that compensation in REPE, particularly at prestigious firms like Blackstone (BX) and Ares, is highly competitive.
For context, the dataset mentions that Blackstone, among other top firms, is known for being one of the best-compensated companies in the REPE sector. While specific numbers for MD roles in London are not provided, it's noted that first-year associates in REPE funds that recruit investment bankers from Bulge Bracket (BB) banks can see compensation well over 200k to 300k USD. Given the hierarchical structure in finance, it's reasonable to infer that MD-level compensation would significantly exceed these figures, taking into account base salary, bonus, and potential carry.
It's also important to note that compensation can vary widely based on the fund's performance, the individual's contribution to deal-making and fund management, and the overall market conditions. In London, as in other major financial centers, top-tier REPE firms are likely to offer competitive packages to attract and retain the best talent at the MD level, including substantial bonuses and long-term incentives.
For a more accurate picture of MD-level compensation in REPE in London, one would typically look at industry surveys, speak with headhunters specializing in real estate investment roles, or network with industry peers. The figures can vary widely, but roles at this level are among the highest compensated in the industry.
Sources: Real Estate Q&A, Let’s talk REPE Comp, Real Estate Q&A, Zzzzzzzzzzzzzzzzzzzzzzzzzznwhwhsh so fldndnsnejejdhdhdhdhjsjshshsjshshebdjdjsjsbshdhdjdjdndjjfjdjsjsjdndhxnndnfjdjjdjdnkdjsbdjdbjdjdjdkdndbfjjdudjjd, Let’s talk REPE Comp
Also interested
Typically 8 figures minimum. Usually 9.
That is bullshit. The average Ares MD is not making 10m plus a year.
No, it's true, I saw the payslip. Trust me.
lol you got me
I talked to a recruiter recently and was told NYC comp for REPE MD at BX/etc. type firm would be around $1M cash comp + carry. Base usually maxes out around $300k or so and then bonus is 200 - 300% of base and then carry is whatever. Extrapolate that to London as you wish.
So around 500-600k gbp tc in London for a top shop repe md? Doesn't seem right when comp for md's at top bb/eb equivalents(cvp, gs etc) is 800k+ gbp even with 're discount'
I find that hard to believe consider junior equity partners in BigLaw are on $1.5m USD cash.... Huh?
I wouldn't expect cash comp in REPE to match banking. The MD's in REPE have very very meaningful upside via carry that a banking MD doesn't which is the trade off.
BX RE in particular has MDs that are 30 y/o. That's impossible in biglaw considering it's usually it's a 3 yr grad degree + 8 year associate + few years non-equity partner, etc track.
Fair point. But at US firms it’s usually 6 years associate. You’re right though - some Bx re md’s must be killing it
Seeing some of the houses the MDs live in and the way they spend money (even the frugal ones) 600k seems way low. I’m thinking probaly close to double that minimum in bad years.
Considering the 4.5x mortgage rule, they can probably live in a £2.5m + house which if outside of London can get you a small estate, on the outskirts can get you a mansion and within London can get you a beautiful townhouse in south Kensington. All of which are houses, which would probably impress you. Assuming for post-tax income, they'd spend about 40% on interest/bills + 30 % on savings. + 10% towards food/amenities, they'd still have about 20% remaining or approximately about 70k as 'disposable' income. So on that month you saw them spending money carelessly, just keep in mind that they probably had about £6000 to spend as they wished in just that month.
I could be completely wrong but I work at a fund that I know pays a good bit less at the senior levels and I know the MDs are clearing well over 600k. A good chunk probably a third is incentive/carry but really starts to stack the payouts after 3 or so years.
What do you think Associate 1 in RE - Comm got paid last year, carry materialisation and such?
What do you think Associate 1 in RE - Comm got paid last year, carry materialisation and such?
10m plus a year
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