RE Acquisitions - Promote/Carried Interest Comp
Hey all -
Trying to gather some intel on promote/carried interest compensation structures for sourcing roles (ex. VP/Director and up) at institutional RE shops. I've spoken to a lot of peers in the industry (generally ~$5 - 50bn AUM investment managers), and there seems to be a ton of variability, both in terms of how it's structured and how lucrative it ultimately is. Most I've spoken to have no clue what their peers are getting and what's considered "market". Detail is also super limited online - but I understand this is pretty niche, so that's less surprising. Kind of a black box - would love to hear some examples.
For background - I have about ten years of experience and lead regional sourcing efforts for a ~$20bn fund. Base/bonus is pretty strong, and bonus is somewhat tied to production, but no carried interest and limited co-investment opportunities.
Any feedback much appreciated - thanks.