What raise for promotion to VP of portfolio Ops?

Was brought in at level below VP on the ops side with the promise that if all went well I would get the VP title in a year. Being offered the promotion as promised and now being asked about comp expectations. Expecting to make $350-$375K ($330ish base + bonus) all-in this year in current role. Does $400K base + bonus sound about right?

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Posting as :
works at
You are currently posting as works at

You gotta pump those numbers up

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To clarify - $400K base + bonus does not include the shadow carry I’ll get as a VP

I’d still think VPs should be closer to 5-600k TC

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That’s what I would think. 400K base + bonus would put TC in the $500-600K range after shadow carry in a typical year.

That is a crazy high base to bonus ratio. Super interesting. How big is the fund?

I’m at a smaller fund and my base is in the $200s but my bonus target is ~75% of base. Meaningful carry though, also not shadow carry. I am a “partner” in the fund.

Firm is in the UMM / MF range depending on who you ask. Bonus target in my current role is 45%, don’t know what it is for VP but assume that it’s higher.

Carry is set up to replicate normal vesting in investing roles but we have lots of ops movement back and forth between fund and portcos so shadow carry makes sense. My understanding is that last year it would have been over $200K but I’m expecting a lot fewer exits over the next 12-18 months so not sure how it will shake out.

How many YOE do you have, OP?

8-9 YOE

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That’s awesome. Do you guys have a team of junior operators or is it just VP ops and above?

Sure

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