Carried Interest Compensation Survey PDF Free Download

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CARRIEDINTEREST &COMPENSATIONSURVEY

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYSubject WelcomePage3 2021 Compensa on Tables4‐6 2017 to 2021 Compensa on Tables and Charts7‐13 Staﬃng Levels14‐15 Remote Working16‐19 2021 Carried Interest Alloca on by Fund Size and Posi on Charts20‐21Less Than 100 Million22 100 Million to 250 Million23 250 Million to 500 Million24 500 Million to 750 Million25 750 Million to 1 Billion26More than 1 Billion27 5‐Year Compensa on Trends by Fund Size and Posi on ChartsTABLEOFCONTENTS28Less Than 100 Million29‐39 100 Million to 250 Million40‐50 250 Million to 500 Million51‐61 500 Million to 750 Million62‐72 750 Million to 1 Billion73‐83More than 1 Billion84‐94 Private Equity Professional 2021. Unauthorized use and/or duplica on of this materialwithout express and wri en permission from the author and/or owner is strictly prohibited.PRIVATE EQUITY PROFESSIONALPage 2

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYWELCOMEOn the pages that follow you will find the results of Private Equity Professional’s 2021 CarriedInterest and Compensa on Survey. This is the fourteenth edi on of the survey which began in2008. This year we had 335 funds par cipate ‐ 321 from the United States, 7 from Canada, andthe balance from Europe, Australia, and Asia. The survey’s compensa on data is comprised ofsalary, bonus and carried interest paid over the prior 12‐month period. The survey wasconducted from September 20 to October 31, 2021.The chart to the right shows how theresponding funds are dispersed by fundsize. As you can see, the majority of responders were fundswith capital commitments of less than 500 million (58%)with the largest group of responders comprised of fundswith less than 100 million of capital commitments (23%).Bookending the survey were funds with more than 1 billionof capital commitments (19%). The pie chart shows thepercentage breakdown of all of the responders for this year’ssurvey.The data the survey presents is based on (1) six fund sizes;(2) one‐year data for 2021; (3) five‐year data for the period2017 to 2021; (4) 11 posi on tles; and (5) five groups forcarried interest alloca on.As you read the survey results, pay close a en on to thecolored squares that appear in the upper right corner ofeach page. These squares will provide you with importantinforma on about the survey data and how it is beingpresented. You will find the squares to be useful naviga onaids.Our thanks to everyone who par cipated in this year’ssurvey. We couldn’t do what we do without you.John P. McNultyPublisherPrivate Equity ProfessionalAbout Us:Private Equity Professional has been serving the privateequity industry since 2007 and is published by Sun BusinessMedia. Our website is updated daily and reports on andanalyzes the most important private equity news of the day.We also publish Morning Coﬀee, a digital private equitynewsle er which is delivered via email to our members eachbusiness day; A er Hours, a digital newsle er which providessummaries of the most read private equity news andtransac on stories of the day; and The Week in Review, a digital newsle er that is delivered each Sunday morningthat reports on our most read ar cles of the past week. Annually we produce the Carried Interest andCompensa on Survey. This survey is now in its fourteenth year and is a leading source of informa on oncompensa on amounts and trends in the private equity industry.PRIVATE EQUITY PROFESSIONALPage 3

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEY2021 AND 5‐YEARCOMPENSATIONDATA BYFUND SIZEAND POSITIONPRIVATE EQUITY PROFESSIONAL

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEY1‐YEARCOMP DATA2021Footnotes:(1) All amounts represent salary, bonus or carry compensa on for the prior 12 month period.(2) Survey results are based on 335 responses from September 14 to October 31, 2021.PRIVATE EQUITY PROFESSIONALPage 5

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEY1‐YEARCOMP DATA2021Footnotes:(1) All amounts represent salary, bonus or carry compensa on for the prior 12 month period.(2) Survey results are based on 335300 responses from September 141 totoOctoberOctober13,31,2019.2021.PRIVATE EQUITY PROFESSIONALPage 6

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEY5‐YEARCOMP DATA2017‐2021Footnotes:(1) All amounts represent salary, bonus or carry compensa on for the prior 12 month period.(2) Survey results are based on 335314 responses from September 14 to October 31,20, 2021.2020.PRIVATE EQUITY PROFESSIONALPage 7

THREE PAGES OF COMPENSATION ‐ SALARY,BONUS, AND CARRY ‐ GRAPHS HAVE BEENREMOVED FROM THE EXECUTIVE SUMMARY

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYSTAFFINGLEVELSPRIVATE EQUITY PROFESSIONAL

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYSTAFFINGLEVELS2021DEFINITIONS OF POSITION TITLES USED IN THIS SECTION Partners are the most senior members in the firm. Titles would include partner andmanaging director. Top Professionals are the most senior non‐partners in your firm. Titles would includesenior vice president or principal. Middle Professionals are one step below Top Professionals. Typical tles would includevice president or associate. Entry Professionals are one step below Middle Professionals. Typical tles include assistantvice president or analyst. The Administra ve Staﬀ would include the accoun ng staﬀ, HR professionals andsecretarial staﬀ.PRIVATE EQUITY PROFESSIONALPage 13

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYREMOTEWORKINGPRIVATE EQUITY PROFESSIONAL

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYPRIVATE EQUITY PROFESSIONALREMOTEWORKING2021Page 15

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYALLOCATION OFCARRIED INTERESTBY FUND SIZE ANDPOSITIONPRIVATE EQUITY PROFESSIONAL

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYCARRIEDINTERESTALLOCATIONHere is how you can read and interpret the Carried Interest Charts that appear on pages 22—27.HOW TO READ THIS CARRY CHARTThe charts with the blue headers show howsurvey respondents allocate carried interestwithin a specific posi on tle. For this chart 55%of survey responders allocate from 90 to 100%of the fund’s carried interest to Partners.HOW TO READ THIS CARRY CHARTThe charts with the green headers show howmuch carried interest is allocated by posi on.For this chart, Partners, on average, are allocat‐ed 86% of the carried interest. If the fund has astandard 20% carried interest (or 20 points),then Partners would be allocated 17.2 points(86% of 20%) of the 20 points of carried interest.DEFINITIONS OF POSITION TITLES USED IN THIS SECTION Partners are the most senior members in the firm. Titles would include partner andmanaging director. Top Professionals are the most senior non‐partners in your firm. Titles would includesenior vice president or principal. Middle Professionals are one step below Top Professionals. Typical tles would includevice president or associate. Entry Professionals are one step below Middle Professionals. Typical tles include assistantvice president or analyst. The Administra ve Staﬀ would include the accoun ng staﬀ, HR professionals andsecretarial staﬀ.PRIVATE EQUITY PROFESSIONALPage 17

SIX PAGES OF CARRIED INTERESTGRAPHS HAVE BEEN REMOVED FROMTHE EXECUTIVE SUMMARY

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEY5‐YEARCOMPENSATIONDATA BYFUND SIZE ANDPOSITIONPRIVATE EQUITY PROFESSIONAL

CARRIEDANDCARRIEDINTERESTINTEREST& COMPENSATION SURVEY 2014COMPENSATION SURVEYFUND SIZE LESSTHAN 100MILLION5‐YEARCOMP DATA2017‐2021MANAGINGGENERALPARTNERPRIVATE EQUITY PROFESSIONALPage 20

65 PAGES OF CARRIED INTERESTGRAPHS HAVE BEEN REMOVED FROMTHE EXECUTIVE SUMMARY

Page 3 CARRIED INTEREST AND COMPENSATION SURVEY 2014 CARRIED INTEREST & COMPENSATION SURVEY PRIVATE EQUITY PROFESSIONAL On the pages that follow you will ﬁnd the results of Private Equity Professional's 2021 Carried Interest and Compensa on Survey. This is the fourteenth edi on of the survey which began in