Been in private equity operations for 4+ years at a small fund. First employee, no contract when I started, figured everything out alone. Got two major regulatory approvals done that were foundational to the entire operation.
Since then the team grew and newer people came in with better comp and more visibility. I’ve been stuck in the back office. Not included in meetings, mostly an unknown to investors and partners. Title is just “Operations.”
First real raise in 3 years came in January. Appreciated but not enough. No carry or profit sharing has ever been discussed despite the scope of my work. Projects are early stage and years from generating returns.
How do I approach this conversation with the Managing Partner without it going nowhere like every previous attempt?