Late Lunchtime Links: Which major US private equity fund appears to pay its average employee more than $700k a year?

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Spot the Carlyle employee

Spot the Carlyle employee (Photo credit: marcus_jb1973)

Forget investment banks, they're all cutting pay. Private equity funds aren't doing too well either. However, the big US funds do at least have the advantage of appearing to compensate their employees unfeasibly well nonetheless.


We deduce this from Carlyle's results, which are out now. What with market conditions and difficulties exiting its investments, the Carlyle Group made a loss of $57m in the second quarter. Nevertheless, it increased base pay 77% year-on-year in Q2 and accrued $406m in realized (ie. non-deferred) compensation costs in the first half of the year. Given that Carlyle apparently employs only 1,100 people, this would seem to amount to average first half compensation of $369k, implying average annual compensation of $739k, which helps explain why Carlyle's quite such a popular employer.


If you want to work for Carlyle, it might interest you to know that we once spoke to its head of EMEA recruiting. You can see our conversation with her here.  Unfortunately, she told us Carlyle only hires 5 people in Europe each year.




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