Glocap Search LLC and Dow Jones Private Equity Analyst have released the 2012 Edition of the Dow Jones Private Equity Analyst-Glocap Compensation Study, a probing compendium of 2011/12 compensation at US-based private equity funds.
The study shows complete salary and bonus data across all titles and fund sizes for private equity, venture capital, and fund of funds firms (including data on carried interest) from 2008 to 2011-12.
Robert Dunn, Product Director of Dow Jones Private Markets, says: "We believe we have produced the most comprehensive, accurate, and timely look at private equity compensation the marketplace has seen."
According to the study, private equity compensation continues to gain ground lost during the financial downturn of late 2008 and 2009, which was marked by the first widespread layoffs the industry had seen in years.
Overall, firms continue to exercise discretion in how they award compensation increases, particularly bonuses, with the size of bonuses varying more widely with individual performance.
Hiring also appears to be improving broadly across positions, particularly in the buyout industry, where firms appear to be putting the layoffs of the downturn behind them.
Even carried interest payouts, one of the jewels in the industry’s compensation crown, appear to be on the rise, albeit from what has likely been fairly low levels.
