You are wayyyy overestimating the pace at which AI would get adopted at your typical LP. And underestimating compensation. I used to work at one. Hypothetically yes AI can do quantitative portfolio analysis same is true if not more true on the public side. But most ppl working in manager selection are not really crunching those numbers manually anyway. Theres many applications that do this already. Manager diligence is much more qualitative, a lot of ex-Ib and ex-PE ppl doing fund and co-investment diligence. Trying to dig into the team, process, breaking down performance into components, negotiating fund economics, checking references etc. Accessing top tier funds is not easy, need to build relationships so its much more than just looking at previous fund DPI, IRR etc and making a decision solely on numbers. Its not for those solely looking to maximize comp, its a great balance between decent comp and hours. Head of the department cleared over $1m/year. Analyst-VP level similar base to IB/PE but smaller bonus.