Sarah Mitchell
Partner, Credit · MainFirm
Base Salary
$680K
Target Total Cash
$2.3M
Unrealized Carry
$4.7M
Total Distributed
$942K
Total Compensation Mix
Target Total
$2,450,000
Base Salary
Cash Bonus
Benefits
| Component | Est. Annual Value | % of Total | |
|---|---|---|---|
| Base Salary | $680,000 |
|
27.8% |
| Cash Bonus (at target) | $1,632,000 |
|
66.6% |
| Benefits & Perks | $138,000 |
|
5.6% |
| Healthcare (firm share) | $36,000 | ||
| Dental & Vision | $2,400 | ||
| 401(k) Employer Match | $40,800 | ||
| 401(k) Profit Sharing | $20,400 | ||
| Life & LTD Insurance | $10,200 | ||
| Additional Perks (est.) | $28,200 | ||
| Target Total Compensation | $2,450,000 | 100% |
Benefit values are employer-cost estimates. Carry is annualized across a 4-year vesting period.
Bonus shown at target performance level.
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Total Rewards
Cash Compensation
$680K
Base Salary
$1,632,000
Target Bonus (240%)
$2,312,000
Target Total Cash
Partner Discretionary Bonus
Discretionary
Effective 2024-01-01
Payout Bands
$816,000
$1,632,000
$2,618,000
Satisfactory
Strong
Exceptional
| Performance Level | % of Target | Bonus Amount | Total Cash |
|---|---|---|---|
| Satisfactory | 50% | $816,000 | $1,496,000 |
| Strong (target) | 100% | $1,632,000 | $2,312,000 |
| Exceptional | 160% | $2,618,000 | $3,298,000 |
Performance Criteria
Primary: Credit fund net return vs. hurdle rate; deployment pace and repayment tracking relative to vintage plan
Secondary: Platform development, LP relationship management, and team leadership
Benefits & Perks
Health Insurance
- Plan
- Platinum PPO
- Coverage Tier
- Employee + Family
- Firm Pays
- 100% of premium
- Dental & Vision
- Included
401(k) Retirement
- Firm Match
- 100% on up to 6% of salary
- Profit Sharing
- +3% (discretionary)
- Max Firm Contribution
- $61,200/yr
Insurance & Leave
- Life Insurance
- 4× base salary ($2,720,000)
- Long-Term Disability
- 60% of salary
- PTO
- 30 days/year
Additional Perks
Executive health screening (annual)
$1,500/mo transportation allowance
$5,000 annual financial planning stipend
executive gym & wellness membership
529 college savings match up to $2,000/yr
Carry & Vesting
Carry Grants (3)
| Grant # | Fund | Date | Allocation |
|---|---|---|---|
| CG-2023-0016 | APEF-VIII | 2023-06-01 | $264K |
| CG-2020-0009 | APEF-VII | 2020-04-01 | $972K |
| CG-2017-0002 | APEF-VI | 2017-09-01 | $3.5M |
Distributions
| Date | Fund | Net Amount | Status |
|---|---|---|---|
| 2024-06-15 | APEF-VI | $171K | Distributed |
| 2022-06-15 | APEF-VI | $428K | Distributed |
| 2021-09-15 | APEF-VI | $343K | Distributed |
Vesting Schedule
| Date | Grant | Fund | Amount | Status |
|---|---|---|---|---|
| 2018-09-01 | CG-2017-0002 | APEF-VI | $864K | Vested |
| 2019-09-01 | CG-2017-0002 | APEF-VI | $864K | Vested |
| 2020-09-01 | CG-2017-0002 | APEF-VI | $864K | Vested |
| 2021-09-01 | CG-2017-0002 | APEF-VI | $864K | Vested |
Documents
| Filename | Grant | Status | Signed |
|---|---|---|---|
| CG-2017-0002-agreement.pdf | CG-2017-0002 | Signed | 2017-09-22 |
| CG-2020-0009-agreement.pdf | CG-2020-0009 | Signed | 2020-04-30 |
| CG-2023-0016-agreement.pdf | CG-2023-0016 | Sent | — |