{"id":280109,"date":"2023-09-21T10:20:00","date_gmt":"2023-09-21T17:20:00","guid":{"rendered":"https:\/\/jthelander.com\/?p=280109"},"modified":"2023-09-21T10:20:00","modified_gmt":"2023-09-21T17:20:00","slug":"what-trends-do-we-see-with-carry-dollars-at-work","status":"publish","type":"post","link":"https:\/\/brightturn.io\/?p=280109","title":{"rendered":"What Trends Do We See with Carry Dollars at Work?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">A few years ago, we added new questions to the Thelander-PitchBook Investment Firm Compensation Survey to collect data on carry dollars at work.\u00a0Using this data,\u00a0we&#8217;ll be\u00a0looking at insights on carry dollars at work and how it has changed since 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is carry dollars at work?&nbsp;<\/strong>It&#8217;s defined as the amount of carry you will receive if your funds achieve a 2x gross multiple funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Below, you&#8217;ll find&nbsp;three charts that show how carry dollars at work have changed year-over-year&nbsp;for investment professionals by total AUM. Let&#8217;s&nbsp;dive into the data!&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 1<\/strong>&nbsp;shows the median carry dollars at work for firms with less than $500 million in total AUM.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/cc64f9b3-50d1-be17-318e-eac152fe6e92.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What does the data show us?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The carry dollars at work for Director \/ Principal, Senior Associate and Associate has remained relatively steady (if not the same) since 2021 for under $500 Million in total AUM.<\/li>\n\n\n\n<li>Sr. Managing Director \/ Sr. Partner and managing general partner had carry dollars at work peak in 2022.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 2<\/strong>&nbsp;shows the median carry dollars at work for firms with&nbsp;$500 &#8211; $999 million in total AUM.<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/b620366e-112c-ffef-7b12-501a6a12ac51.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What does the data show us?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Similar to under $500 Million AUM, the carry dollars at work stayed steady for Director\/Principal, Senior Associate and Associate since 2021 with slight variations.<\/li>\n\n\n\n<li>What changed? The amounts of carry dollars at work is&nbsp;<em>higher<\/em>&nbsp;for each position with the higher AUM class.&nbsp;<\/li>\n\n\n\n<li>The carry dollars at work dipped in 2022 for Managing General Partners before going back to where it was in 2021.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 3<\/strong>&nbsp;shows the median carry dollars at work for firms with more&nbsp;than $1 Billion in total AUM.<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/2bf654b3-ced9-a613-9c75-11ea108072a1.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Once you cross the $1 Billion+ threshold, the data shows:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The carry dollars at work for Managing Director \/ Partner, Director \/ Principal, Senior Associate and Associate has remained steady since 2021.<\/li>\n\n\n\n<li>The biggest increase can be seen for Managing General Partners &#8211; where the median&nbsp;carry dollars at work has nearly doubled since 2021.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 4<\/strong>&nbsp;shows how the vesting time for carried interest is impacted by total AUM.<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/451f52b1-36e4-f933-22e9-9ec2f8532182.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The most popular option for vesting time &#8211; regardless of total AUM &#8211; is 5 to 6 years.&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center btn-post wp-block-paragraph\"><a href=\"https:\/\/survey.jthelander.com\/surveys\/2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Participate In The Investment Firm Compensation Survey Here for More Compensation Data<\/a><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Interested in learning how your compensation compares to the market?<\/strong><br>We invite you to participate in the no-cost&nbsp;<a href=\"https:\/\/survey.jthelander.com\/surveys\/2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander-PitchBook Investment Firm Compensation Survey<\/a>. The survey covers 75+ titles from managing general partner to entry-level analyst, and includes questions on base salary, bonuses, carry dollars at work, and more.&nbsp;When you participate,&nbsp;you can trial the platform and see how your compensation compares to market for a subset of jobs. plus upgrade at a discounted price!&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>A few years ago, we added new questions to the Thelander-PitchBook Investment Firm Compensation Survey to collect data on carry dollars at work.\u00a0Using this data,\u00a0we&#8217;ll be\u00a0looking at insights on carry dollars at work and how it has changed since 2021. What is carry dollars at work?&nbsp;It&#8217;s defined as the amount of carry you will receive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,4],"class_list":["post-280109","post","type-post","status-publish","format-standard","hentry","category-newsletter","tag-newsletter","tag-private-company"],"_links":{"self":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/280109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280109"}],"version-history":[{"count":0,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/280109\/revisions"}],"wp:attachment":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}