NEWS
The HOLT-MM&K 2024 North American PE and VC Compensation Report – now published and available for purchase
October 21, 2024
We would like to thank all 77 participating firms from across the United States and Canada for providing information on over 3,531 incumbents, employed in 47 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 2024 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:
- Part One – 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.
- Part Two – Includes our findings on the compensation packages of employees on a job-by-job basis.
The year’s findings reveal that, 77% of participants this year were private or stand alone firms, with 23% of firms being institutional or having a parent company.
Despite the effects of the geopolitical situation worldwide, private equity and venture capital compensation continued to grow in 2024, we have seen an overall increase in compensation this year. That said, at the senior level, Partners’ compensation in the form of base salary has increased by 4%, while total short-term cash (salary plus bonus) decreasing by 14% (half of last year’s figure). Interestingly, base salaries for more junior investment roles increased by 9% and total short-term cash increased by 32% (more than twice of last year – 25%).
Data from the 2024 MM&K Private Equity and Venture Capital European Compensation Report show that around 45% firms indicated increasing the number of investment professionals and administrative staff in 2024. Looking forward, just over 50% of firms are planning to increase the number of investment professionals next year (in 2025), with 39% of firms expecting to expand the support function.
The Base Salary increases varied from 0% to 12% for investment professionals, with an average increase of 8% below partner level. For non-investment roles, the Base Salary increases range is wider, from 3% to 15%.
Download a preview of the N. American report here
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 2024 MM&K-Holt UK and European Private Equity and Venture Capital Compensation Survey Report. Enquire here.
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