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Laxman Pai, Opalesque Asia:

Nine in ten (89%) surveyed private capital firms plan to maintain or increase headcount over the 12 months from May 2024, revealed a report.

Hiring at private capital firms slowed in 2024, with 23% of firms indicating they expected to hire at a slower pace this year than in 2023 up from 8% last year, and 36% hiring at a similar rate, down from 51%, according to Preqin's most recent global private capital compensation survey.

Despite the macroeconomic challenges seen in recent years, the private capital industry continues to grow in size. The report highlights that demand for hiring within the private capital industry should remain robust given the still-positive outlook for private capital.

Regarding hiring trends, professionals working in investment teams, or deal teams, remain the most in demand for hiring and retention, year-on-year from 2023 to 2024. However, demand has fallen slightly from 2023 to 2024, tied to the slowdown in deals and exits across private capital in recent years.

The report shows that 64% of 2024 respondents stated investment team professionals are in the highest demand, compared to 68% of 2023 respondents. Concurrently, a persistently soft private capital fundraising environment, which saw aggregate fundraising fall from $1,634bn in 2022 to $1,409bn in 2023, has seen the largest absolute increase in demand for fundraising professionals.

9% of respondents put fundraising professionals as the most in-deman......................

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