Can someone provide high level guidance on PE compensation at a middle market PE fund for different positions: ie. Associate, Investment Manager, Partner.
It would also be helpful to get a sense of the breakout between base, bonus and carry.
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bump!!!!!!!!
bump!!
bump!!
Following - also interested
Bump!!!! Interested
Bump
Benelux pays much less than London and Frankfurt, which is one of the reasons you generally see top-tier locals moving to London for their first IB and PE gigs and often only return at senior levels once they want to settle down (or can get part of the equity/carry). The market is very local (very few internationals except for the Dutch IBs that have offices globally) and small (especially on the buy side), so supply/demand dynamics are not very supportive of high salaries. Having said that, I see firms struggling to find talent, so maybe you'll see this adjusting slowly.
Before large IBs/PEs bumped base salaries this year (with my Assoc1 mates in London/FFM taking home 100k+ base), junior base was comparable. However, comp is structured differently, with bonuses generally much lower (I've even heard of one of the PE shops paying no bonuses at all but high base). I hear some shops give juniors carry though, which I've only heard a handful of shops do in London.
There are a few exceptions to this with some banks paying their guys on the ground the same as in their global hubs and global PE shops doing the same.
Staying somewhat vague on purpose as the market is tiny. Note all of the above is for junior levels.
There's only two things I hate in this world: people who are intolerant of other people's cultures and the Dutch.
Hahaha do tell!
My educated guess for (lower)mid market. Not sure about the the international shops like CVC, IK, etc.
Associates all in 70-100 - most don't get carried
IM / ID: 125-200 / 200-250 and some carried (5-20mln of invested capital working for them maybe).
Partners: base 250+ and large chunk of carried
UPDATED 2023 (significant increase) based on new intel
I can confirm this. Pretty accurate for mid market
I am accustomed to peanuts when someone reports European salaries, but this is quite descent therefore can you confirm that these salaries are Dutch salaries?
yes
bump!!!
Analyst at LMM fund, 55k all-in. Feel like I’m underpaid. Would love to get your thoughts.
What are your hours?
Differs of course, but ~60
For Dutch/NL Funds:
Parcom/NPM/Rivian/etc Associate
Base: 85-95k
Bonus 50%
Carry/Co-invest from Investment Manager onwards
Comp is higher at international/larger funds like Waterland, Triton, Advent, 3i, seven2 etc.
Analyst? Or associate?
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