2026 PE Portfolio Operations Compensation Report

Comprehensive benchmarks across fund sizes, career levels, and compensation structures.
Cash compensation. Carried interest allocation. Co-investment rights. Investment strategy impact. What top firms pay to win the talent war.
600+
Operating professionals surveyed across North American PE firms
5 tiers
Fund sizes covered: <$500M to $25B+
6 levels
Associate through Partner compensation benchmarks
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Used by Managing Partners, Founders, COOs, and Portfolio Ops and Human Capital Professionals at leading PE firms.

Firms that align operating partner economics outperform by 2–3 percentage points.

That's $10M–$30M in additional value per $1B fund. This isn't generosity — it's strategic alignment driving returns

The Compensation Challenge

Four data gaps creating risk across PE firms.
5–20%
Operating teams as % of management fees. Partners demand justification — generic surveys don't address PE ops specifics.
21%
New hires from other PE firms — tripled since 2022. Without competitive benchmarks, you're negotiating blind.
80–92%
Senior ops now receive carry. Candidates know allocation patterns. Firms often don't.
2–3x
Comp variation for identical roles across firms. Know where you stand before negotiating.

Inside the Report

Six core sections. Granular data. Actionable benchmarks.
01
Cash Compensation by Fund AUM
Five fund tiers: <$500M to $25B+
Six career levels mapped
Base, bonus, total cash
2024 actuals + 2026 projections
02
Carried Interest Economics
Eligibility rates by level
Carry dollars at work: $100K–$60M+
Vesting structures analyzed
Path to parity with deal teams
03
Co-Investment Rights
60–71% now have rights
Fund-based vs. deal-based
Allocation trends by seniority
Emerging fee structures
04
Investment Strategy Impact
LMM vs. Large Cap dynamics
10–15% complexity premium
Middle market positioning
Deal size role implications
05
Winning Firm Practices
IC inclusion impact
Pre-LOI diligence trends
Compensation parity structures
Retention correlation data
06
Professional Backgrounds
27% from consulting
21% PE-to-PE (tripled)
Specialist premiums quantified
Career progression patterns

Sample Data

Operating Partner / MD compensation across fund sizes.
Fund AUM Base Salary Bonus 2026 Total Cash Carry At Work
<$500M $320K–$500K $100K–$200K $455K–$760K $200K–$3M
$500M–$3B $400K–$650K $150K–$400K $595K–$1.14M $1M–$8M
$3B–$10B $500K–$815K $200K–$500K $755K–$1.4M $2M–$15M
$10B–$25B $575K–$900K $350K–$650K $1.0M–$1.68M $5M–$25M
$25B+ $600K–$1.0M $450K–$750K $1.13M–$1.9M $10M–$60M+
Full report includes all six career levels with detailed experience benchmarks. Source: Industry compensation surveys, Press & Associates proprietary data.

Why This Data Is Credible

Exclusive market access. Real-time intelligence. Proven expertise.
100%
PE Ops Exclusive
Only firm focused solely on portfolio operations roles. Not diluted across industries — every placement informs this data.
Real Offers
Live Market Visibility
Direct access to actual negotiations and accepted offers. Not survey responses — what firms actually pay.
5 Tiers
Granular Segmentation
Fund size drives compensation. Five AUM tiers mean precise benchmarks — not averaged across all funds.
2024–2026
Current + Forward
Actuals from this year. Projections based on observed negotiation patterns and market trends.
Carry Data
Beyond Eligibility
Not just who gets carry — actual allocation patterns and dollars at work by fund size.
Trusted
Market Leaders
HIG, Platinum Equity, Berkshire Partners, GTCR, & Francisco Partners rely on this intelligence.

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Comprehensive benchmarks. Immediate access. Zero cost.