REPE Comp Question (GP vs Carry Questions)
Hey all, been a while since I posted here. I'm looking for some insight on comp for a potential REPE gig I hope to land. I'm going into the job with about 3 years of finance experience, 1 year of that being a multifamily analyst. The fund is based in a mid-size market (Austin, Atlanta, Denver, etc), and their most recent fund raise was about $300M.
As an associate, the comp would be $70-80k salary (bonus not clear/potentially non-existent), with 1.5-2% of GP. I'd have some additional benefits like coinvestment without paying fees. Is getting a % of the GP the same thing as "carry"? I understand this money isnt paid out until the gains on assets are realized, so this could be between 5-7 years before the check is actually in hand?
Yes, and I believe it would be actually preferable to get GP equity instead of getting carry. If you’re getting actually GP equity, instead of claims to a promote via carry, then you could in theory leave the firm and still get a piece of the promote on exit.
Agree with this.
You're also a little below market on salary (especially given that you aren't getting an annual bonus). Would think that you should be around $90-$110k, but up to you if you want to press the issue.
Corrupti alias distinctio rerum ea. Numquam est vel dicta. Accusamus voluptates impedit nostrum officiis est nihil.
Aspernatur nemo est quam inventore. Repudiandae sunt nihil possimus aliquid tenetur. Error voluptatem nobis harum voluptas quia expedita. Cum sunt reprehenderit dicta et saepe libero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...