Operating Partner - Salary Report
July 9, 2024
At A Glance
Raw Selection has conducted a salary survey of Operating Partners at lower to middle market Private Equity firms in the USA.
OPERATING PARTNER SALARY REPORT – PRIVATE EQUITY
Based on data from 74 Operating Partners in Private Equity firms
We gathered compensation data from 74 Operating Partners across PE firms, split by AUM size. The data covers base salary, bonus structures, and carry participation.
FIRMS WITH AUM UNDER $500M
Lowest Salary: $150,000
Median Salary: $249,000
Highest Salary: $350,000
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86% receive a bonus of 50% or less
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78% receive carry or profit and partner share
FIRMS WITH AUM BETWEEN $500M – $5BN
Lowest Salary: $200,000
Median Salary: $379,211
Highest Salary: $600,000
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44% receive a bonus of 50% or less
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89% receive carry or profit and partner share
FIRMS WITH AUM OVER $5BN
Lowest Salary: $250,000
Median Salary: $408,593
Highest Salary: $750,000
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45% receive a bonus of 50% or less
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81% receive carry or profit and partner share
SUMMARY
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Compensation climbs fast with AUM size
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Carry is common across all firm sizes, especially mid-market
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Bonus caps are tighter in smaller firms, looser as AUM grows
GET IN TOUCH
Want to compare your package or looking for a strategic hire?
Contact Alex.Rawlings@Raw-Selection.com
Founder & Managing Partner
All the insights in this salary report are provided from our proprietary data
Raw Selection | De-Risking Executive Search for Private Equity firms across Europe and North America.
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