According to Pitchbook.com, Private Equity compensation remains stable. However, the “persistence of fundraising headwinds could lead to a migration of talent away from underperforming firms.” After a tough year replete with challenges in fundraising, dealmaking, and withdrawals/exits, executive search firms have seen a slowdown in hiring in 2023, and, in the meantime, high-performing talent is staying put.
For a slightly different take and additional color on this topic, see our recent commentary.