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Alternative Market Briefing

250,000 people worldwide working in the private equity industry: Preqin

Tuesday, March 19, 2019

Laxman Pai, Opalesque Asia:

There are currently an estimated 250,000 people worldwide working in the private capital industry, said a report.

The overall picture for the number of active firms over time shows a clear growth trend, which is indicative of positive developments in the private capital industry as a whole, said the 2019 Preqin Private Capital Compensation and Employment Review by Preqin.

However, the rate of growth has not been constant: from 2008 onwards, the year-on-year increases in the number of firms have somewhat slowed compared to pre-Global Financial Crisis (GFC) years.

According to the report, which is produced in partnership with FPL Associates, the number of firms in the industry has started to pick up again over the past few years - notably, 895 new firms entered the market in 2017, representing over 10,000 active firms currently in the market. This is indicative of the global demand and the opportunities for employment and staff in private capital.

The operating economics, which vary according to AUM and location, also impact the remuneration available to individuals at each firm.

For example, a Chief Executive Officer at a large firm (with AUM of $1bn or more) has a total remuneration package almost 3x the average total remuneration package of an individual in the same position at a smaller firm (AUM of less than $150mn). Similarly, a Chief Executive Officer at a firm headquartered in the US makes on average approximately......................

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