We, at MM&K, are delighted to announce that the 2024 PE/VC Compensation Report has recently been published. The 2024 Report sets out our findings from our 2024 survey of the UK and European private equity, venture capital, infrastructure and real estate fund management industries. The survey covers both short-term and long-term aspects of pay and…

September 20, 2024 Read more >

Carried interest, often referred to as “carry,” is a critical component of compensation in the private equity (PE) industry. It aligns the interests of fund managers with those of the investors, incentivising the creation of value. Carried interest represents the share of profits that PE managers receive as compensation for successfully managing and exiting investments.…

August 9, 2024 Read more >

MM&K in conjunction with the GECN has published its 2024 report on how the world’s largest firms have used ESG (environmental, social, governance) metrics in their executive incentive plans. Impressive global progress continued in 2023 with FTSE100 firms maintaining their performance across many dimensions. Download your free copy here For context, ‘prevalence’ refers to the…

August 9, 2024 Read more >

Last month MM&K launched its 29th annual Private Equity & Venture Capital Compensation Survey of the European Private Equity and Venture Capital Industry. The survey covers both short-term and long-term aspects of pay and incentive practice in the private equity, venture capital and infrastructure fund management space, including in the fund-of-funds and secondaries space. Short-term…

June 12, 2024 Read more >

The continuing cost-of-living-crisis saw its apogee when we collected data for our new exclusive survey of Chairs and NEDs – Life in The Boardroom 2023/24. With the ONS reporting a 7.9% inflation rate in 2022, only mildly declining to 6.8% in 2023, such rates have not been seen for thirty years. We found that salary…

June 6, 2024 Read more >

Private equity firms operate within a dynamic and fiercely competitive landscape where strategic compensation structures play a pivotal role in attracting and retaining top-tier talent. These structures not only diverge significantly from traditional corporate setups but are meticulously crafted to align the interests of executives, partners and employees with the firm’s profitability and the performance…

June 5, 2024 Read more >

MM&K has concluded its Private Equity & Venture Capital Pulse Survey on what has happened to pay levels (including bonus payments) so far this year, in particular for the investment professionals, in the private equity and venture capital fund management industries in the UK, which sets the scene for remuneration trends in 2024. This year…

April 25, 2024 Read more >

Data for our new exclusive survey of Chairs and NEDs – Life in The Boardroom 2023/24 – were collected at the apex of the on-going cost-of-living-crisis. Non-profit-organisations (NFPs) are not shielded from the economy and perhaps feel the squeeze even more than their counterparts in the private sector. This article explores the experience of board…

April 25, 2024 Read more >

MM&K is the leading UK and European adviser in the field of private equity, venture capital and infrastructure fund management firms’ compensation policies, structures and levels. Over the last twenty-eight years we have advised a significant number of Private Equity, Venture Capital, Infrastructure and Real Estate fund management businesses, both captive and independent, on the…

March 25, 2024 Read more >

MM&K (together with the GECN group) has published its 2024 report on how the world’s largest firms have used ESG (environmental, social, governance) metrics in their 2023 executive incentive plans. Download your free copy here. For context, this article explores metrics in the broader categories like Environmental, Community, Social, etc. These categories are composed of…

March 25, 2024 Read more >

Over the past year, the most frequent area of discussion for the private equity team here at MM&K with our clients has been around managing, changing and implementing “MIPs”.  This article sets out more details about MIPs and their increased use. What is a MIP? Taking it down to its roots, a MIP is the…

March 21, 2024 Read more >

In the private equity industry, compensation packages are not one-size-fits-all. They’re as diverse as the firms themselves, shaped by a multitude of factors. Firstly, a firm’s history plays a crucial role. Established firms may have developed compensation structures over time, influenced by past successes, failures and regional benchmarks. On the other hand, newer firms might…

February 22, 2024 Read more >