I N T R O D U C T I O N

The 2022 - 2023 Altus Partners Private Equity - Investor Relations

Compensation report provides essential insights into the current compensation expectations and talent overview within Private Equity. This data is invaluable to firms seeking to attract top talent while managing their hiring budgets for the upcoming financial year. We are excited to bring you further insights in 2023.

The 2022- 2023 Private Equity compensation report demonstrates increased compensation expectations among candidates. International Banks and Consulting firms have compounded this situation with aggressive remuneration packages to counter regulatory changes, challenging funds to match these expectations across almost all corporate gradings Over half of the surveyed candidates felt underpaid, indicating less enhanced employee engagement schemes

This trend is partly driven by a cost of living crisis in many areas, which calls for salaries to be seriously readdressed Our research shows that candidates are typically seeking 20-30% increases in their base salaries to maintain similar purchasing power as before. Carry continues to be the most attractive benefit on offer. However, beyond attractive compensation, excellent company culture, active fundraising, and successful leadership distinguish a competitive organisation

For funds to overcome these challenges, they must offer a comprehensive package that includes competitive compensation and benefits Additionally, successful funds can stand out with unique selling points such as a diverse team, an excellent track record, and a strong position on ESG and Sustainability. Ultimately, these elements make up the foundation of a successful fund that will be able to attract the best talent in 2023.

We thank everyone involved – individuals and funds – for participating in this 2023 Private Equity Compensation Survey We look forward to seeing how things evolve in the coming year as the industry adjusts to changing market conditions