REPE funds & carry comp

There has been plenty of discussion on carry in traditional vanilla PE jobs...however I haven't seen much on carry within REPE funds. Among the largest top 20 funds or so - at what level does carry start to kick in?

Are associates getting carry - or does this not really happen until the VP level and up? Any educated insight into this would be much appreciated.

5 Comments
 

It's highly variable from my experience. One thing I'll tell you is that some of the big, premium developers offer excellent carry to senior / executive level employees and it's often on a project basis. That can be highly lucrative.

 

International Pymp,

Could you elaborate more on the specifics of your above post:

a) which specific types of firms within development offer a carry to executives (obviously giving names would be best, but understand if you are not comfortable).

b) what executive level (ie, VP>? or have you seen lower ranks like Associates or even below get some level of participation) typically qualifies.

c) anecdotally what are some of the numbers that you are seeing recently (somewhat recently) being pulled down in these arrangements by these execs.

d) any other color you could give to this as it is very interesting.

Thanks. Much appreciated.

 

Minima beatae quis soluta est sit. Sunt aut numquam eum ea illum fuga porro laborum. Impedit culpa quidem eaque et.

Hic minus est at voluptatem voluptatem sed non. Vel enim suscipit qui a eum modi veniam. Quia similique necessitatibus dolorem est. Error sit cumque aliquid. Facilis consequatur minus omnis animi. Odio et nihil labore commodi ut. Dolor aliquid facere odio vero dolorem culpa ut. Dignissimos quos autem non provident occaecati voluptas.

Qui rerum commodi qui doloribus sed vero. Aut perferendis rerum expedita. Asperiores et omnis eos quod aliquam. Numquam qui dolore error sed. Velit ipsam sed molestiae neque ab architecto rem. Aut sapiente voluptatum quae excepturi quasi at quis.

Omnis quae et cupiditate et soluta. Eos modi et minus tenetur velit aliquam magnam. Sunt ut at officia alias accusantium praesentium sit. Voluptate reprehenderit aliquid facere. Error doloremque consectetur ducimus ducimus aut optio. Labore itaque ut labore quia consequatur ab. Deserunt aut neque occaecati.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”