Mid-Career Transition from Acquisitions to Asset Management at REPE Firm

As the title suggests, I'm currently a senior associate/VP at a top 20 REPE firm by AUM and have been presented with the opportunity to transition from acquisitions into asset management. The position would sit within a newly-formed, dedicated asset management platform in the equity group and I would "head" it (TBD what this means exactly). I'd love to hear any advice or thoughts from people that have made a similar transition in their own careers or are currently in more senior asset management roles. Some of my thoughts/questions to help guide the conversation:

1. I've come to the conclusion that I'm not going to survive in the "eat-what-you-kill" world of mid-market REPE. I think I could transition elsewhere and remain in an acquisitions role doing something more analytical or research-focused, for what it's worth.
2. What would the position entail at higher levels? I don't want to be in a situation where the acquisitions folks take credit for the good outcomes and I get stuck with the duds or even worse, the deals that keep going sideways and never seem to end.
3. What does compensation progression, particularly incentive-based compensation (e.g. carried interest, co-investment opportunities, etc.), look like at the senior associate/VP level and above?

Thanks a ton!