海德思哲：2025年欧洲私募资本薪酬调研报告（英文版）（29页）.pdf

1、PRIVATE EQUITY PRACTICE2025 Europe Private Capital Compensation Survey ContentsA message from the authors 3Introduction:Market context 4Respondent and firm background 5Compensation trends,20232025 11 Average base and bonus 11 Other incentives 20Investment professionals compensation 232025 EUROPE PRI

2、VATE CAPITAL COMPENSATION SURVEY 2 Welcome to the 2025 Europe Private Capital Compensation Survey.This report provides a comprehensive picture of both compensation practices and backgrounds of investment and operating professionals at private capital firms across Europe.This years survey includes re

3、sponses from 302 professionals.We would like to thank each person who has completed the survey over the yearswe appreciate your time and effort in contributing to the project.If you wish to discuss the survey in greater detail,please do not hesitate to contact us.With warmest regards,Tom Thackeray P

4、artnerPrivate Equity Practice Henry Price-Haworth Engagement ManagerPrivate Equity Practice A message from the authorsDiverse region,inclusive workforces:Diversity and inclusion policy and practice in Asia PacificHEIDRICK&STRUGGLES3 The private capital market closes out 2025 in a similar situation t

5、o 2024.Liquidity is still the defining constraint,LPs are evaluating managers through a DPI-first lens,and the hierarchy is clear:those who have returned capital are able to raise it;those who have not faced slow,uncertain fundraises.Fundraising,therefore,remains bifurcated.Strong platforms,especial

6、ly larger platforms,continue to attract commitments,but many others,particularly those in the middle,are extending timelines or downsizing targets.With a meaningful cohort of firms returning to fundraising in early 2026,the coming quarter will be decisive.The investor mix continues to shift.With ins