The 2016 Preqin Private Equity Compensation And Employment Review 1 .
Executive Summary - Sample Pages1,6001,506 1,4891,4001,200Another key feature of this publication isthe information on employment within theprivate equity and private debt industriesworldwide. Preqin’s databases cover awide range of asset classes and allow usto provide meaningful estimates on levels1707600200541 552544362238693669 688557320 298 350219172 1361052003400634401362No. of FundsAggregateCapitalRaised ( bn)2015 YTD20142013201220112010200920082007200602002There has been a notable uptick inaggregate capital raised within the privateequity (including private real estate)industry in recent years, with funds closedin 2013 and 2014 raising total amounts of 541bn and 552bn respectively (as shownin Fig. 1.1). Such levels of fundraising havenot been seen since around the time ofthe Global Financial Crisis (GFC) in 2008,when 688bn was raised by 1,489 funds.In the immediate aftermath of the GFC,private equity firms and their employeesstruggled with a slowdown in the fundraisingenvironment, and in 2009, just 320bn wasraised by 966 funds. Nevertheless, withmore funds expected to close by the endof 2015, and given that capital raised so farthis year has already surpassed the capitalraised in 2011 ( 350bn raised by 1,146funds), 2015 looks set to be another strongyear for private equity fundraising.8008552001Private Equity Fundraising GainsMomentum8662000In order to analyze the latest trends incompensation within the private equity andprivate debt industry, Preqin (in conjunctionwith FPL Associates) conducted a survey ofjust under 200 leading firms in this space tocollect data on their compensation practicesand remuneration levels. This has allowedus to compile meaningful statistics coveringa wide range of different types of positionsat these firms, from senior executivesthrough to junior-level professionals. Thebook encompasses all of the major privateequity fund strategies (buyout, distressedprivate equity, private equity fund of funds,growth, mezzanine, natural resources andventure capital) as well as closed-endprivate real estate and infrastructure. Newfor this edition, the 2016 Preqin PrivateEquity Compensation and EmploymentReview also considers compensation andemployment at firms employing private debtstrategies.1,0001,096Year of Final CloseFig. 1.2: Number of Active Private Equity Firms over Time (By Vintage of First 0142015of employment, and to break this down byprimary firm strategy and firm size acrossdirect funds and funds of funds.No. of Active FirmsThe 2016 Preqin Private EquityCompensation and 0051. Executive SummaryFig. 1.1: Annual Private Equity Fundraising, 2000 - 2015 YTD (As at September 2015)2004The 2016 Preqin Private Equity Compensation and Employment Review 2015 Preqin Ltd
Executive Summary - Sample PagesFor more information about the evolution ofthe industry and the number of active firmsby geographic location and primary firmstrategy over the years, please see Chapter3: Evolution of the Industry.Employment Levels at Private Equity andPrivate Debt FirmsThere are currently over 7,400 firms activelymanaging private equity and private debt2Fig. 1.3 Average Number of Employees by Firm Assets under Management180140120122Average No. ofEmployees per 1bn AUM1051008071Average No. ofEmployees5560404020142528281610 10bnor More 5-9.9bn 1-4.9bn0 500-999mnNew for this edition, the 2016 Preqin PrivateEquity Compensation and EmploymentReview takes a look at the private debtindustry and compensation and employmentpractices observed at private debt firmsworldwide. There are currently over 600firms worldwide that actively manage privatedebt funds (defined in this book as utilizingany of the following as a primary strategy:direct lending, distressed debt, mezzanine,private debt fund of funds, special situationsand venture debt).160160 250-499mnWhile there has been a continuous increasein the number of private equity firms activeover time, the GFC had a significant impacton the pace of this growth, as illustrated inFig. 1.2. The number of active firms in theindustry grew by as little as 1% in 2009 fromthe year before, compared with 14% in 2006for the same one-year timeframe. However,over the course of 2015 so far, 625 newfirms have entered the market, representingthe highest number of new firms entering themarket on record. The 2015 data includesonly firms that have reached a final closeor at least one interim close on their debutfunds in order to begin making investments.Continued LP appetite for the private equityasset class may be a reason behind thesudden growth of active firms enteringthe industry as new firms look to meet thedemand shown by investors and take theirshare of the marketplace. The robustnessof the private equity industry as a wholeand the stabilization of the asset class areindicative of the continuous increase in thenumber of active firms worldwide.funds worldwide (i.e. currently raising fundsor that have raised a fund in the past 10years). In the case of private equity, whenprivate equity firms that do not raise orhave not yet raised distinct private equityfunds (i.e. those that manage corporate ofpersonal capital and those that managethird-party capital without pooling intocommingled private investment vehicles)are included, the total number of activefirms under consideration increases toapproximately 10,000.Less than 250mnSignificant Numbers of Private EquityFirms Enter the Market in 2015Firm Assets under ManagementFig. 1.4: Changes to Company Staff Numbers in 2014 by Headcount11%In total, private equity and private debtfirms employ an estimated 145,000 peopleworldwide. Buyout, real estate and venturecapital firms represent an estimated 68% ofthe total employment of the industry.Preqin’s analysis of employment in theindustry, discussed in Chapter 4, shows thepositive correlation between the numberof staff employed by a firm and its assetsunder management (AUM). Fig. 1.3 showsthat firms with the largest AUM ( 10bn ormore) have an average of 160 staff; thisequates to an average of 10 employees perAdded to Headcount33%Flat Headcount (No NetAdditions or Reductions)57%Reduced Headcount 2015 Preqin Ltd
Executive Summary - Sample Pages 1bn of AUM. The staff costs are coveredby the income received from chargingmanagement fees to their investors, whichare usually based on a percentage ofinvestor commitments.investor commitments (compared with thelarger private equity firms), the operatingeconomics of the largest funds, with higherincome from management fees, are oftenmore favourable for their managers.As in previous years, funds with smallerAUM have a significantly higher averagenumber of staff per 1bn in AUM, despitehaving lower average numbers of staffoverall. Preqin’s latest data shows that firmswith AUM of less than 250mn have 14employees on average, but an average of122 staff members per 1bn in AUM, whichis a much higher figure than the averagefor the largest funds (those with 10bn ormore in AUM). Smaller firms may havefewer employees, but with managementfees charged on smaller amounts ofCompensation on an Individual LevelThe operating economics, which varyaccording to a firm’s AUM or location,also impact the remuneration available toindividuals at each firm. For example, achief executive officer at firms participatingin the survey could have a median basesalary at a large firm (with AUM of 1bn ormore) that is more than twice as much themedian base salary of an individual in thesame position at a smaller firm (with AUMof less than 150mn). Similarly, a chiefexecutive officer in a firm headquartered inthe US makes on average approximately 86,000 more a year (base salary) than thesame position in Europe.Chapter 7 of the Review lists detailedbenchmarkcompensationfiguresfor different positions at participatingfirms. The tables in this chapter includefigures for base salary, total annual cashcompensation, long-term incentive/carriedinterest awarded and total remunerationdata for 71 different positions, including alllevels of seniority for deal-making positions,as well as senior executive, administrative/corporate positions and positions specificto real estate management, includingasset and portfolio management andtransactions. Where possible, in additionto the aggregate figures, the informationis broken out by AUM, geographic marketand the strategy employed (buyout, venturecapital, infrastructure etc.). Figures areprovided for the 25th percentile, median,average and 75th percentile benchmarks ineach case.Compensation on a Firm LevelIn addition to compensation data on anindividual level, the 2016 Preqin PrivateEquity Compensation and EmploymentReview contains analysis of compensationpractices at participating firms on a firmlevel. For example, Fig. 1.4 shows theproportion of firms that increased, reducedor made no changes to the number of staffthey had at their company in 2014. TheFig. 1.6: Proportion of Participating Firms Reporting an Increase, Decrease or NoChange in Cash Bonus Payouts for Performance in Calendar/Fiscal Year 2014Compared to Previous YearFig. 1.5: Breakdown of Average Firm-Wide Changes in Base Salaries ofParticipating Firms between 2014 and 2015Proportion of Participating Firms60%53%50%16%40%Increase in Cash BonusPayouts30%46%19%20%13%10%8%6%1%0%Decrease No ChangeIncrease(Did NotState %)0.1-10%Increase11-20%Increase39%No Change in Cash BonusPayoutsDecrease in Cash BonusPayoutsMore than20%IncreaseChange in Firm-Wide Base Salary3 2015 Preqin Ltd
Executive Summary - Sample Pagesmajority (57%) of participating firms reportedthat they added to the staff headcount withintheir company, while the smallest proportion(11%) made reductions during the year.bonus pool, and 16% reported a decreasein cash bonus payouts for performance in2014 compared with the year before.FeedbackFurthermore, Fig. 1.5 shows the breakdownof average firm-wide changes in basesalaries at participating firms between 2014and 2015. The majority (53%) of firms madesmall increases in the firm-wide base salaryof 0.1-10%, and overall, three-quarters ofparticipating firms made increases in thefirm-wide base salary during this time. This isencouraging and indicative of the relativelyresilient health of the industry, with mostcompanies looking to incentivize their staffand provide better compensation packagesat their respective firms. However, this isnot the case across the entire universe, with19% and 6% of firms reporting no changeor a decrease in the firm-wide base salaryrespectively between 2014 and 2015.We hope that this publication serves toprovide an understanding of the levels ofemployment and remuneration standardsacross the industry, and as ever, wewelcome any feedback you may have.Bonus payouts make up an important partof the compensation package of employeesat private equity and private debt firms;they are based not only on individualperformance, but also on fund or firm-wideperformance. Fig. 1.6 shows the proportionof participating firms that saw an increase,decrease or no change in cash bonuspayouts for performance in 2014 comparedwith 2013. The largest proportion of firms(46%) saw an increase in cash bonuspayouts in the defined time period, whichperhaps illustrates such firms’ successduring that year which, consequently, sawan increase in the bonus pool to compensatethe best performers. Meanwhile, 39% ofparticipating firms saw no change in the4 2015 Preqin Ltd
The 2016 Preqin Private Equity Compensation andEmployment ReviewA comprehensive guide to industry compensation practices
Contents - Sample PagesContents1.Executive Summary2.Data Sources and Contributors3.Evolution of the Industry - Growth in Number of ActiveFirms over Time71113Private equity fundraising over time; number of active firms overtime; number of active firms over time by location and strategy4.Current Employment in the Industry19Total worldwide employment in the industry; employment bystrategy; employment by firm assets under management; numberof employees per 1bn in assets under management; share of totalindustry employees by firm size5.General Company and Financial Information ofParticipating Firms21Average number of employees by region; types of funds inwhich participating firms are involved; geographical markets inwhich assets are managed; average breakdown of assets undermanagement by strategy; average number of employees involvedwith and receiving carried interest from funds/accounts6.Compensation Practices at Participating FirmsChanges in base salaries from 2014 to 2015; changes in bonuspayouts for performance in 2014 compared to previous year;how carried interest awards are obtained; methods used togrant carried interest awards; how carried interest awards vest;average vesting schedules of carried interest awards by fund type;when carried interest award payments are made; what happensto vested and unvested interests under various employmenttermination scenarios; what happens to retained interests followingemployment termination; women working in private equity firms byorganizational level, functional area/department and geography;co-investment programs; additional benefits/perquisites; paid timeoff6277.Individual Compensation by Position39Benchmarks of (25th percentile, median, average and 75thpercentile of) base salary, total annual cash compensation,long-term incentive award plus carried interest award, and totalremuneration for:Executive Management- Chief Executive Officer- Chief Operating Officer- Chief Financial Officer- Chief Investment Officer- Chief Administrative Officer42Investments (Deal Team)- Managing Director/Partner- Director/Principal- Vice President- Senior Associate- Associate- Analyst52Portfolio Operations (Operating Partners)- Managing Director/Partner- Director/Principal- Vice President64Investor Relations- Head of Investor Relations/Capital Raising- Senior-Level Investor Relations & Capital Raising Professional- Mid-Level Investor Relations & Capital Raising Professional- Junior-Level Investor Relations & Capital Raising Professional- Head of Investor Reporting- Senior-Level Investor Reporting Professional- Mid-Level Investor Reporting Professional- Junior-Level Investor Reporting Professional70Real Estate - Asset Management- Head of Asset Management- Senior-Level Asset Management Professional- Mid-Level Asset Management Professional- Associate - Asset Management- Analyst - Asset Management88Real Estate - Portfolio Management- Head of Portfolio Management (All Product Lines)- Head of Portfolio Management (Single Product/Business Line)- Senior-Level Portfolio Management Professional- Mid-Level Portfolio Management Professional- Associate - Portfolio Management- Analyst - Portfolio Management98 2015 Preqin Ltd
Contents - Sample Pages8.7Real Estate - Transactions- Head of Transactions- Senior-Level Transactions Professional- Mid-Level Transactions Professional- Associate - Transactions- Analyst - Transactions110Corporate Operations- Head of Research- Senior-Level Research Professional- Mid-Level Research Professional- Associate - Research- Analyst - Research- Head of Capital Markets- Senior-Level Capital Markets Professional- Mid-Level Capital Markets Professional- Junior-Level Capital Markets Professional- Controller- Senior Corporate Tax Executive- Tax Manager- Tax Professional- Corporate Accounting Manager- Senior Accountant- Staff Accountant- Director of Financial Reporting- Head of Portfolio/Fund Accounting- Portfolio/Fund Controller- Portfolio/Fund Accounting Manager- Staff Accountant - Portfolio/Fund- Head of New Business Initiatives/Product Development- Chief Compliance Officer- Executive Assistant- Administrative Assistant- Administrative Manager/Office Manager- Head of Human Resources- Human Resources Manager- General Counsel- Associate General Counsel- Paralegal- Head of MIS/IT- MIS/IT Manager120Figure Index154 2015 Preqin Ltd
Evolution of the Industry - Sample PagesFig. 3.1: Annual Private Equity Fundraising, 2000 - 2015 YTD (As at September 2015)1,6001,506 1,4891,4001,200Number of Active Firms over TimeThe number of active private equity firmsover time (broken down by the number ofnew firms launched each year versus activeexisting firms) is displayed in Fig. 3.2. Thesefigures were calculated using the vintageyear of their first fund to represent the year afirm was established, and firms that have notraised a fund within the past 10 years wereconsidered inactive.The overall picture for the number of activefirms over time (Fig. 3.2.) shows a cleargrowth trend, indicative of the positive8Number of Active Firms over Time by FirmTypeFigs. 3.3 to 3.11 look at the number of activeprivate equity firms over the years and thevarying trends emerging across differing firmtypes and private equity strategies. Fig. 3.12analyzes the number of active private debtfirms over time.866800855707600541 552544362238693669 688557320 298 350219172 13610520032006342001400401362No. of FundsAggregateCapitalRaised ( bn)2015 00Fig. 3.2 shows that the rate of growth ofprivate equity firms has varied, with a peakof 547 newly formed private equity firmsin 2007, after which the yearly rate sloweddown by as little as 1% in 2009 as a resultof the difficult fundraising environment. Thenumber of firms in the industry has startedto pick up again in the past few yearswith a substantial 469 new firms added in2013, representing an 8% growth from theprevious year. More recently, 625 new activefirms were identified between January andSeptember 2015, representing the highestnumber of new firms entering the market onrecord.1,0001,096Year of Final CloseFig. 3.2: Number of Active Private Equity Firms over Time (By Vintage of First 0142015Fig. 3.1 shows annual private equityfundraising statistics for 2000-2015 YTD.Both the number of funds closed andaggregate capital raised were on the declinein the first few years of the 2000s. However,the fundraising environment began a rapidrecovery in 2004, peaking in 2008 with themost capital raised that year ( 688bn) by1,489 private equity funds. Following thefundraising highs of 2007 and 2008, therewas a steep decrease in capital raised in2010 (1,012 funds raised 298bn). However,figures are slowly increasing again in recentyears, with 1,292 private equity vehiclesclosed in 2014, which raised a combined 552bn.developments in the private equity industryas a whole. However, the rate of this growthhas not been constant over the years,and indeed has shown a slowdown from2008 onwards, with gradual year-on-yearincreases compared to the acceleratedgrowth of the number of firms seen inprevious years.No. of Active FirmsPrivate Equity Fundraising1,3151,2921,2401,1469661,0121,32120063. Evolution of the Industry 2015 Preqin Ltd
Current Employment in the Industry - Sample PagesFig. 4.1 shows the estimated total numberof employees for each of the main private9The number of employees at privateequity and private debt firms naturallyvaries significantly with the assets undermanagement (AUM) of the firms in question,as Fig. 4.2 shows. The smallest firms ,700Private Debt (total)*4,900- Mezzanine3,200- Direct Lending800- Distressed Debt400Private Equity Fund of Funds3,700Natural Resources2,900*Includes the following strategies: Direct Lending, Distressed Debt, Mezzanine, Special Situations, Venture Debtand Private Debt Fund of Funds.Fig. 4.2: Average Number of Employees by Firm Assets under Management1801601601401201221008071Average No. ofEmployees5560404020Average No. ofEmployees per 1bn AUM1051425282816100More than 10bnNumber of Employees at Private Equityand Private Debt Firms by Firm TypeAverage Number of Employees at Firmsby Firm Assets under Management36,500Venture Capital 5-9.9bnIt is important to note that our estimatehere constitutes the ‘core’ of the industry,taking into account firms managing capitalcommitted by institutional and other largeinvestors. Beneath this lies a further trancheof smaller firms that invest lesser sums ofcapital, raising money from private sourcessuch as friends and family.Real Estate 1-4.9bnIn the case of private equity, when privateequity firms that do not raise or have notraised distinct private equity funds (i.e. thosethat manage corporate or personal capitaland those that manage third-party capitalwithout pooling into commingled privateinvestment vehicles) are included, the totalnumber of active private equity firms underconsideration increases to approximately10,000.Estimated Employment 500-999mnPreqin estimates that private equity andprivate debt firms worldwide employ anestimated 145,000 people. There arecurrently over 7,400 firms actively managingsuch funds globally.equity and private debt strategies (basedon the main strategy of each firm). Privateequity real estate and venture capital firmsemploy the largest number of people, withan estimated 36,500 and 32,100 employeesworldwide working primarily at these firmtypes respectively. Primarily buyout-focusedfirms meanwhile employ an estimated31,000 people worldwide and firms focusingon growth strategies employ approximately12,600 people. New for this edition, the 2016Preqin Private Equity Compensation andEmployment Review takes an in-depth lookat compensation and employment at privatedebt and natural resources firms. Data showsthat private debt firms employ an estimated4,900 people worldwide. Within this strategy,firms focusing on mezzanine strategiesemploy approximately 3,200 people, whilethe remainder of employees are spreadacross direct lending, distressed debt,special situations, venture debt and privatedebt fund of funds firms. Moreover, firms thatfocus on natural resources strategies employapproximately 2,900 people.Firm Type 250-499mnTotal Number of Employees at PrivateEquity and Private Debt FirmsFig. 4.1: Estimated Employment by Most Prominent Firm TypesLess than 250mn4. Current Employment in the IndustryFirm Assets under Management 2015 Preqin Ltd
Compensation Practices at Participating Firms - Sample Pages6. Compensation Practices atFig. 6.1 shows that the majority of firms(53%) that participated in the most recentcompensation and employment surveysaw an increase of between 0.1-10% in thefirm-wide base salary over the past year.Meanwhile, 14% of firms saw a rise of morethan 11% of the firm-wide base salary, andillustrates that, collectively, three-quartersof firms in the survey have increasedcompensation packages for their staff firmwide (including those firms that reported anincrease in the firm-wide base salary butdid not state a percentage amount). This isindicative of the wider health of the industry;fundraising continues to gain momentum,more firms are entering the marketplace andin the case of employees, the demand forbetter packages and more incentives to stayat their firms is increasing.Looking at the year ahead shows moregood news for staff at such firms (Fig. 6.2).Seventy-six percent of participants in thesurvey have indicated that their projectionsbetween 2015 and 2016 have included a risein firm-wide base salary. While 0.1-10% isthe most prevalent interval of this percentage10Nineteen percent of respondents reportedthat between 2014 and 2015, there was nochange in the base salary of their employeesfirm-wide, while 6% of firms stated thatthey actually decreased the firm-wide basesalary over the same period (Fig. 6.1). In theprojected timeframe (defined in Fig. 6.2),only 2% of firms reported that they were todecrease the firm-wide base salary, while22% have projected that there will be nochange here. While many companies areable to increase the base salaries of theiremployees, this is certainly not the caseacross the entire industry.Promotional IncreasesNaturally, the size of promotional increaseswill vary depending on a number of microand macro factors. Weak performance orvolatility in the market will generally leadto low promotional increases, if any atall. Results show that 42% of participantsdid not promote any employees in 201453%50%40%30%19%20%13%10%8%6%1%0%Decrease No ChangeIncrease(Did NotState %)0.1-10%Increase11-20%IncreaseMore than20%IncreaseChange in Firm-Wide Base SalaryFig. 6.2: Breakdown of Projected Average Firm-Wide Changes in Base Salaries atParticipating Firms between 2015 and 201670%Proportion of Participating FirmsBase Salariesincrease (with 59% of participants reportingthis), in the next 12 months, no firm thatparticipated in the survey will look to increasetheir firm-wide base salary by more than20%. This suggests that firms are moreinclined to increase base salaries in smallincrements than in huge raises (mechanismsfor bonuses and promotions are coveredfurther on).Proportion of Participating Firms60%Participating FirmsThis chapter analyzes the latest trends inbase salaries and incentives in the industry,as well as detailing how companies structureelements of their remunerations.Fig. 6.1: Breakdown of Average Firm-Wide Changes in Base Salaries ofParticipating Firms between 2014 and 201559%60%50%40%30%22%20%10%10%7%2%0%0%Decrease No ChangeIncrease(Did NotState %)0.1-10%Increase11-20%IncreaseMore than20%IncreaseChange in Firm-Wide Base Salary 2015 Preqin Ltd
Individual Compensation by Position - Sample PagesGlobal Positions - Deal-MakingChief Executive OfficerTypical Years of ExperienceTypically Reports toAlternate Title(s)Typical Education20 Board(s)Chairman, Managing General PartnerAdvancedLeads and manages the growth and profitability of the entire firm. Develops strategic direction. Responsible for achieving specified financial results outlined in the annual budget.Defines organizational framework used to operate the business in order to ensure resources are available to execute the business strategy. May also be a founder of the company.Base Salary25thPercentileMedianTotal Annual Cash ianAverage75thPercentile25th PercentileMedianAverage75th PercentileAssets underManagementAggregateUnder 150 Million 150 Million - 399.9 Million 400 Million - 1 BillionOver 1 BillionGeographicMarketAsia/PacificAfrica/Middle EastCentral/South AmericaEuropeUnited StatesOtherDistressed & Special SituationsType of FundFund of FundsGrowth Capital/EquityLeveraged Buyout (LBO)MezzanineReal EstateVenture CapitalJob Description Degree of Match11AverageTarget Annual Incentive (% of Base Salary) Calendar/Fiscal Year 2015 2015 Preqin Ltd
Individual Compensation by Position - Sample PagesInvestments (Deal Team)Director/PrincipalTypical Years of ExperienceTypically Reports toAlternate Title(s)Typical Education8-12 Managing Director/PartnerSVPAdvancedParticipates in all aspects of strategic planning and execution related to deal sourcing and negotiating transactions. Focuses on managing investment process, including due diligenceoversight, and may have some investment sourcing responsibilities/expectations.Long-Term Incentive Award Promote/Carried Interest l ileAssets underManagementAggregateUnder 150 Million 150 Million - 399.9 Million 400 Million - 1 BillionOver 1 BillionGeographicMarketAsia/PacificAfrica/Middle EastCentral/South AmericaEuropeUnited StatesOtherFund of FundsType of FundGrowth Capital/EquityInfrastructureLeveraged Buyout (LBO)MezzaninePrivate DebtReal EstateVenture CapitalNumber of Direct Reports12AverageGenderAverage MaleAverage FemaleNo. of Funds CurrentlyParticipating inAverageAverage Promote Allocation Most Recent Fund(s)% of GP’s Share 2015 Preqin Ltd
2016 Preqin Private EquityCompensation and Employment ReviewThe 2016 Preqin Private Equity Compensation and Employment Review is the industry’sleading guide to compensation practice, featuring detailed benchmark remunerationdata for over 70 different positions, including 16 real estate-specific positions.alternative assets. intelligent data.The 2016Preqin Private Equity Compensation and Employment ReviewProduced in collaboration with leading compensation specialists FPL Associates, the2016 Preqin Private Equity Compensation and Employment Review is the industry’s mostcomprehensive guide to compensation practices.In association with:The Review analyzes data on thousands of employees actively employed by almost200 leading private equity firms worldwide that have contributed data. It also includesthe results of our detailed survey on all aspects of compensation practices.alternative assets. intelligent datawww.preqin.com/compensationwwwpreqiin com//compensatitionNew for this year’s edition, the analysis covers firms with a primary focus on private debt and natural resources alongside ourexisting range of firm types, including buyout, venture capital, real estate, infrastructure, mezzanine and more.Key content includes: Compensation data by position, including base salary, bonus, carry and quartile splitsCompensation data split by firm type, region and size where possibleSurvey of compensation practices at private equity firmsCurrent employment within the private equity industryGrowth of the industryOrder before Friday 30th October for your 33% pre-publication discount!I would like to purchase the 2016 Preqin Private Equity Compensation and Employment Review:Completed Order Forms:Post (to Preqin):New YorkOne Grand Central Place60 E 42nd StreetSuite 630New YorkNY 10165Tel: 1 212 350 0100Fax: 1 440 445 9595London3rd FloorVintners’ Place68 Upper Thames StreetLondon, EC4V 3BJTel: 44 (0)203 207 0200F
Employment Levels at Private Equity and Private Debt Firms There are currently over 7,400 firms actively managing private equity and private debt funds worldwide (i.e. currently raising funds or that have raised a fund in the past 10 years). In the case of private equity, when private equity firms that do not raise or
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PREQIN SPECIAL REPORT: THE PRIVATE EQUITY TOP 100 FOREWORD As reported in the recently released 2017 Preqin Global Private Equity & Venture Capital Report, the private equity industry's total assets under management (AUM), grew 4.2% from the end of December 2015 to reach a new record of 2.49tn as of June 2016 (the
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