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 >

The UK economy needs to grow. That is the simple message (and fervent hope) of the Government. It is welcoming to see steps already being taken to support this, for example via the proposed changes to the Enterprise Management Incentive scheme (see our reporting of this here – Employee Share Schemes). This quest for nurturing…

February 25, 2026 Read more >

MM&K’s annual Private Equity and Venture Capital Compensation Survey continues to provide one of the most comprehensive analyses of remuneration trends across the industry. Drawing on data from a wide cross-section of firms, the survey captures salary movements, bonus structures, long-term incentives (LTIs) including carry, and broader talent dynamics shaping the market. The 2025 findings…

February 23, 2026 Read more >

In December 2025, HM Revenue & Customs published the Employment Related Securities Bulletin (November 2025). The bulletin contains details from Autumn Budget 2025, including on the Private Intermittent Securities and Capital Exchange System (PISCES), Enterprise Management Incentives (EMI) and the published summary of responses to the Share Incentive Plans (SIP) and Save As You Earn…

January 21, 2026 Read more >

MM&K has published its 2025 European Private Equity and Venture Capital Compensation Report. Now in its 30th year, the study remains one of the most comprehensive sources of compensation and workforce data across the European private capital industry. The 2025 Report draws on extensive participation from private equity and venture capital firms across Europe, providing…

January 19, 2026 Read more >

Following the launch of our first-ever Africa Compensation Survey for the African Private Equity and Venture Capital Industry (originally announced on 11 November 2025), we are pleased to confirm that survey participation remains open and the deadline for submissions has been extended to the end of March 2026. The survey continues to gather market-leading data…

January 19, 2026 Read more >

UK & European Private Equity: Managing Compensation Across Roles In the UK and Europe, private equity firms are focusing on strategic remuneration across different levels to sustain talent during uncertain markets. The 2025 MM&K survey highlights that: Investment Partners experienced a 6% increase in total cash compensation, including base salary and most recent bonuses. Senior…

December 16, 2025 Read more >