MM&K is delighted to announce the acquisition of the longstanding City Pay Guide Survey from City Pay Associates, further strengthening MM&K’s position as a leading provider of executive remuneration, reward and compensation insights across the financial services sector. For many years, the City Pay Guide has been a trusted source of remuneration data, providing participating…

September 29, 2026 Read more >

The PE industry prides itself on rigour. Investment theses are stress-tested, models challenged, DD, portfolio management and value creation managed with discipline. Yet many firms still develop their own people through a light-touch annual review, loosely set objectives and a year-end conversation that is really about the bonus. For a business built on talent, that…

September 25, 2026 Read more >

The Upper Tribunal has recently published its decision in The Commissioners for His Majesty’s Revenue & Customs and Gary Quillian [2026] UKUT 00300 (TCC) regarding what constitutes the ‘write off’ of a director’s loan account for the purposes of section 415(1) the Income Tax (Trading and Other Income) Act 2005 (“ITTOIA”) in the course of…

August 26, 2026 Read more >

The 2026 MM&K PE/VC Compensation Report for the UK and Europe is now nearing publication. The report will only be available to participating firms, making this the final opportunity to participate and access the findings. Why participate in the 2026 survey now? The PE and VC market continues to evolve, making access to current compensation…

August 25, 2026 Read more >

UK biotechs are staying private for longer as investors demand clinically de-risked assets, differentiated science, capital discipline and credible funding pathways. Equity remains essential for attracting scarce talent, but it creates most value when supported by strong leadership, culture, organisation design and people practices. Why equity plans need to evolve Biotech value is often created…

July 24, 2026 Read more >

MM&K’s annual PE/VC Compensation Survey continues to provide one of the industry’s most established benchmarks for compensation, incentives and workforce trends across private capital. The market is shifting rapidly. Compensation structures, talent strategies and organisational models are changing in ways firms can no longer ignore. The 2026 survey will capture those changes and provide firms…

July 6, 2026 Read more >

The 2026 MMK Pulse Survey has now concluded. Thank you to all participating firms. Participants will receive a complimentary Pulse Report. The report will provide a concise view of emerging compensation trends. Early findings suggest remuneration momentum remains strong. Salaries continue to rise across private capital markets. Bonus outcomes also appear resilient. Firms continue to…

April 28, 2026 Read more >

We see  different problems festering in portfolio companies (PortCos) such as a lack of a leadership pipeline, high executive turnover, reluctance or failure to address cultural issues until they become chronic. Reactive approaches are then employed: Leadership is assessed after the deal closes. The CEO is replaced in year one with little pre-planning. Culture is…

April 27, 2026 Read more >

An annual return needs to be submitted by all companies which have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 15, 2026 Read more >

MM&K is pleased to announce the launch of its 2026 Private Equity, Venture Capital and Infrastructure Pulse Survey. MM&K has, for over three decades, supported a broad range of private equity, venture capital, infrastructure and real assets managers (both independent and captive) in designing and benchmarking their compensation frameworks. Our work spans base salaries, partner…

March 25, 2026 Read more >

In our experience, the biggest barriers to scale are usually internal. External events can affect operations, but over time growth more often stalls because of factors within management’s control. Priorities blur. Decision-making slows. Bureaucracy creeps in. Talent processes lag behind business needs. Incentives stop reinforcing the right behaviours. The organisation becomes more complex, but not…

March 24, 2026 Read more >

Culture as a value lever That PE investors are thinking about culture as a value lever should not be surprising. Recent discussions between PE boards and operating partners highlight that even the most detailed playbooks, growth targets and process improvement plans can be undermined if culture and incentives are misaligned. Growth in fund value is…

March 2, 2026 Read more >