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.
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