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I worked at a VC/PE with 1.5b under management. The partners all had several millions in the funds themselves (founding partner had 100m in one). Salaries great, but the real cash came from profit sharing.
That’s helpful, thank you...
I understand that Op Partners will have cash-poor years till they realize the “carry” from an exit...
I am trying to get a sense of what is “typical” for “cash” and “carry” comp at a mid-market PE firm...not for someone who’s a Jack Welch (I’m not)...but for someone exiting from management consulting at an AP / Principal level...