AP at MBB firm potentially transitioning to big PE firm in an operations role (assessing new investments and also plugging into operational roles at portfolio companies). Would this senior operational role comp plan include carried interest?

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Hmm, good question. Depends on the firm and the role you’re being hired for. From the sounds of it, you’re sort of being hired for a hybrid role but with more of an ops bend to it?

I’m in PE ops, in a leadership role with one of the opco’s so I don’t have carry but got equity in the company I’m supporting. I have the option of switching to the deal/sourcing side in a few years and at that point I’m sure I can have a convo about carry. Carry is typically only given to the deal guys and they’re very reticent to dilute their equity.

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Agree that it’s firm by firm.

My firm deliberately has all employees on same basic comp structure (base, bonus, carry), but there are funds that do different comp structures for different roles.

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