The MM&K-Holt 2022 North American PE and VC Compensation Report – now published and available for purchase
November 22, 2022
We would like to thank all 114 participating firms from across the United States and Canada for providing information on over 4,200 incumbents, employed in 46 different positions, ranging from analyst to managing general partner on the investment side and from receptionist to chief operating officer on the administrative side.
The 2022 Report contains a tremendous array of data, statistics and analysis split into 16 sample groups:
- LBO/VC/Growth Capital – split into Large, Small / Mid-size and All Firms
- LBO / Growth Equity – split into Large, Small / Mid-size and All Firms
- Venture Capital – split into Large, Small / Mid-size and All Firms
- Institutional – All Firms
- Mezzanine/Debt/Infrastructure – All Firms
- Fund of Funds/Real Estate – All Firms
- Secondary/Co-Investment – All Firms
(All Firms includes all investment types as described above).
Our report is split into two parts:
- The first part reports on firm-wide compensation practices, such as: fee structure, payroll costs, annual bonus plan, carried interest plan, co-Investment plans, GP commitment, employee benefits and other.
- The second part includes our findings on the compensation packages of employees on a job-by-job basis.
The year’s findings reveal that, despite the effects of the geopolitical situation worldwide, private equity and venture capital compensation continued to grow in 2022.
The main focus this year was towards base salary increases rather than bonuses, which were the centre of attention last year. This indicates a greater certainty and commitment from the investment firms.
At the senior level, partners’ compensation in the form of base salary has increased by 12% this year, with total short-term cash (salary plus bonus) increasing by 14% (half of last year’s figure). Interestingly, base salaries for more junior investment roles increased by 15% and total short-term cash increased by 21% (almost same as last year – 22%).
92% and 43% of firms across the All Firms sample expect to increase base salary and bonus, respectively for non-partner investment professionals next year.
More than 20% of firms expect to increase the number of senior investment professionals and over 60% of firms expect to increase the number of their junior investment professionals.
To obtain your copy of the North American Private Equity and Venture Capital Compensation Report, please contact Margarita Skripina.
For those of you more interested in the European picture, we have now published the 2022 MM&K/Holt UK and European Private Equity and Venture Capital Compensation Survey Report. Enquire here.