The roller-coaster that was 2020:  The FTSE100 index entered 2020 at 7,542.40.  By the start of the first lockdown in March, it had dropped to 4,993.90, a fall of nearly 34%.  At the time of writing, the FTSE has risen to 6,572.18, up nearly 32% but still almost 13% below where it was at the…

December 22, 2020 Read more >

MM&K and Holt Private Equity Consultants have recently published the results of the North American PE Compensation Survey.  This survey is the sister survey of our European PE and VC Compensation study.  The results from the North American survey make for interesting reading. The survey analyses compensation data from 126 fund management entities. They provided…

November 27, 2020 Read more >

We are delighted to announce that we have just published our latest MM&K PE/VC Compensation Report which sets out our findings from our 2020 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 incentive practice in…

October 29, 2020 Read more >

MM&K is in the midst of conducting its 2020 UK and European PE and VC Compensation Survey and is seeing some interesting trends that are coming through from the submissions that have come in so far. It has been most encouraging to see so many European PE and VC firms reaching final closes on their…

September 28, 2020 Read more >

Some interesting insights into Corporate VCs and how they are attracting and retaining talent MM&K, jointly with its fellow US GECN member firm, Farient, has recently conducted a survey of approaches to pay policies in Corporate owned Venture Capital (“CVC”) businesses. We see CVC firms breaking down into three categories, as follows: (1) integrated unit;…

September 1, 2020 Read more >

We are seeing many PE and infrastructure fund management firms recruiting right now, suggesting that there are likely to be some interesting movements in compensation levels in this sector during 2020, particularly at the investment director, associate and analyst levels. Access to reliable data will rarely be so important for HR and reward teams as…

July 30, 2020 Read more >

MM&K has recently conducted its annual Pulse Survey of the latest trends in the world of PE and VC Fund Managers’ pay and staffing levels. Perhaps not surprisingly, many firms were somewhat distracted by the Lockdown and the effect this was having on their staff and their working patterns. Notwithstanding this, we were able to…

June 29, 2020 Read more >

PE and VC fund management teams are working tirelessly to guide and support their portfolio companies. From our conversations with our Private Equity friends and clients, for the most part their biggest concern at this time is for their investee companies. Of course, they are not able to visit them and this has created issues.…

April 29, 2020 Read more >

2020 MM&K Private Equity / Venture Capital Pulse Survey This month MM&K launches its 2020 Private Equity / Venture Capital Pulse Survey. The Pulse Survey is a short survey that focuses on the most recent HR and compensation developments in the UK and European Private Equity / Venture Capital industry. The Pulse Survey is run…

February 28, 2020 Read more >

Some issues with the growing pressure from Investors for Management Teams to have larger and larger amounts of skin in the game, both in listed and private equity situations The Principles of Remuneration that were published by the Investment Association (the “IA”) in November 2019 include the following words: “Executive directors and senior executives should…

February 28, 2020 Read more >

European PE Activity in 2019 It appears that 2019 was another very good year for the European Private Equity Industry.  The year set a new annual record for European PE fundraising with €86bn raised across 89 fund entities. The year was also a good year for PE deal activity which in value terms was the…

January 22, 2020 Read more >

MM&K and its partner firm in the US, Holt Private Equity Consultants, have published their 2019 Survey Reports on Compensation in the UK and North American Private Equity and Venture Capital Fund Management industries. Nigel Mills reflects on some of the key findings in the Reports with regard to pay levels on both sides of…

November 25, 2019 Read more >