Grace Yamamoto
Partner, Credit · Subsidiary
Base Salary
$690K
Target Total Cash
$2.4M
Unrealized Carry
$3.7M
Total Distributed
$511K
Total Compensation Mix
Target Total
$2,588,550
Base Salary
Cash Bonus
Benefits
| Component | Est. Annual Value | % of Total | |
|---|---|---|---|
| Base Salary | $690,000 |
|
26.7% |
| Cash Bonus (at target) | $1,759,500 |
|
68% |
| Benefits & Perks | $139,050 |
|
5.4% |
| Healthcare (firm share) | $36,000 | ||
| Dental & Vision | $2,400 | ||
| 401(k) Employer Match | $41,400 | ||
| 401(k) Profit Sharing | $20,700 | ||
| Life & LTD Insurance | $10,350 | ||
| Additional Perks (est.) | $28,200 | ||
| Target Total Compensation | $2,588,550 | 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
$690K
Base Salary
$1,759,500
Target Bonus (255%)
$2,449,500
Target Total Cash
Partner Discretionary Bonus
Discretionary
Effective 2024-01-01
Payout Bands
$879,750
$1,759,500
$2,760,000
Satisfactory
Strong
Exceptional
| Performance Level | % of Target | Bonus Amount | Total Cash |
|---|---|---|---|
| Satisfactory | 50% | $879,750 | $1,569,750 |
| Strong (target) | 100% | $1,759,500 | $2,449,500 |
| Exceptional | 160% | $2,760,000 | $3,450,000 |
Performance Criteria
Primary: Summit Credit fund net return vs. hurdle; deployment and repayment pacing vs. 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
- $62,100/yr
Insurance & Leave
- Life Insurance
- 4× base salary ($2,760,000)
- 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 (2)
| Grant # | Fund | Date | Allocation |
|---|---|---|---|
| CG-2021-0020 | SCO-III | 2021-06-01 | $576K |
| CG-2018-0017 | SCO-II | 2018-09-01 | $3.1M |
Distributions
| Date | Fund | Net Amount | Status |
|---|---|---|---|
| 2023-09-15 | SCO-II | $205K | Distributed |
| 2023-03-15 | SCO-II | $307K | Distributed |
Vesting Schedule
| Date | Grant | Fund | Amount | Status |
|---|---|---|---|---|
| 2019-09-01 | CG-2018-0017 | SCO-II | $774K | Vested |
| 2020-09-01 | CG-2018-0017 | SCO-II | $774K | Vested |
| 2021-09-01 | CG-2018-0017 | SCO-II | $774K | Vested |
| 2022-09-01 | CG-2018-0017 | SCO-II | $774K | Vested |
Documents
| Filename | Grant | Status | Signed |
|---|---|---|---|
| CG-2018-0017-agreement.pdf | CG-2018-0017 | Signed | 2018-09-25 |
| CG-2021-0020-agreement.pdf | CG-2021-0020 | Signed | 2021-06-30 |
| CG-2024-0025-agreement.pdf | CG-2024-0025 | Sent | — |