While raises weren't as common as they were a year ago, a majority of respondents to Heidrick & Struggles latest survey on private equity compensation say they got a pay bump over their 2019 base salary.
One example that that's the case is the enthusiasm from investors for private equity, an industry with tens of billions of unused capital before the pandemic hit. Dealmaking has slowed, but funds looking to raise capital are optimistic about the industry's outlook. And compensation for these roles are still ticking up. The report found that a majority of the 785 respondents — 57% — got a raise in their base salary from their 2019 pay. The increases were on the modest side though, with the majority reporting raises of less than 10%.
The top of the top — founders and managing partners of the biggest funds — did not participate in the survey, according to the authors of the report, except for one managing partner at a firm with assets between $20 billion and $39.9 billion. Business Insider decided not to include the single compensation figure in the above graphic, given the other figures were averages, but this individual made $21 million in compensation last year.
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