How much should I be making?
Fellow Monkeys, I joined a 1st gen family investment office about two years ago. Initially I thought I would be working under the principal to learn from him to ultimately take over the office. Was led to believe that my role would be 50/50 between CRE and PE/VC. Within about 3 months of the job, I hadn't touched any real estate deals and was asked to cover the PE/VC side of the house. In full transparency, all of my experience at that time had been on the CRE side and I had close to 0 experience in the PE/VC space. Fast forward to present and there hasn't been much training however I am being asked to take full responsibility for the outcomes of the PE/VC investments as well as any new CRE deal. My comp still reflects that of an associate. I am gearing up to make an ask for an appropriate raise but wanted to toss my situation out to the Monkeys to try to get consensus around market for my role.
Here are my responsibilities/day-to-day activities:
Due Diligence on all acquisitions
Create Investment Models for all new and existing deals
Support founders to create Business Plans for all new and existing deals
Create investors materials to raise capital and response to investor DD questions with ad-hoc analysis
Use principal's network to raise capital for new deals
Coordinate with legal, founders and investors to close deals
Ongoing support for founders/new deals (, connecting to resources, budgeting, spend management, etc...)
Turnaround underperforming investments by working with founders to execute pivots/new vision
Oversee and support internal reporting and portfolio analysis (working with controller)
Ongoing investor communication
Track and chase outstanding receivables/distributions
We have 85 investments in the portfolio - approx 50% are real estate investments. We typically invest in founders before they have product market fit and come in for 50% of the cap table. In some cases we write angel checks and are passive but for the most part we are pretty active. My principal sources the deal flow and will often mentor the founders in the beginning stages and then turns them over to me for day-to-day support and he gets involved for major decisions.
This is a pretty lengthy post but would be very helpful to get consensus around what comp should be for this role (base + bonus) and what sort of title best describes the position.