Trending on peHUB this week: the secrets to a successful PE career, fallout from SEC [...]Continue
(Reuters) - KKR & Co LP's founders Henry Kravis and George Roberts received $161.4 million [...]Continue
Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Oct. 31 to Nov. 4.
ONE: Seven Terrible Startup Names, and One Really Great New One – by Connie Loizos
TWO: Slideshow: 5 Top PE Firms In Energy & Power (subscribers only) – by Bernard Vaughan
THREE: M&A Is Heating up; Here Are the Top 10 VC-Backed M&A Deals for Q3 (slideshow) – by Lawrence Aragon
FOUR: Shindig Photos: Lookin’ Good, San Francisco! (subscribers only) – by Lawrence Aragon
FIVE: Slideshow: After a Lull, Are IPOs Back on Track? – by Jonathan Marino
SIX: Third Quarter’s Gloomy Headlines Aside, Venture Investing Shows Long Term Stability: Slideshow – by Mark Boslet
SEVEN: Why VCs Should Be Startup CEOs – by Steve Blank
EIGHT: Infographics: Where To Make The Big Bucks In PE/VC – by David Toll
NINE: Here’s How VCs Did on Groupon Investment of ‘Like a Billion Dollars’ – by Lawrence Aragon
TEN: Flowers Stands to Lose Only $47.8M from MF Global, Source Says – by Luisa Beltran
Time to catch up on your reading. Here are the 10 most popular posts among peHUB’s regular readers for Oct. 3 to Oct. 7.
One: Slideshow: UTIMCO in 17 Active Funds with IRRs > 25% – by Lawrence Aragon
Two: Union Square, Other Early Stage Tech VCs Kick Ass for UTIMCO (slideshow) – by Lawrence Aragon
Three: Slideshow: European Fund-of-Funds Build Up U.S. Offices – by Angela Sormani
Four: Slideshow: PE-Backed M&A Jumps in Q3 and Here’s the Top 5 Deals – by Luisa Beltran
Five: Slideshow: More LBO Targets in the CRO Market – by Bernard Vaughan
Six: Promising Portfolios: Asset Values Top Contributed Capital In Recent Cal Regents Venture Funds (Slideshow) – by Mark Boslet
Seven: Infographic: PE vs. VC in Battle of Compensation – by David Toll
Eight: How Will You Remember Steve Jobs? – by Lawrence Aragon
Nine: Comvest Group Lands $580M Fund – by staff
Ten: A Pension Fund Does Away with the Middleman: the VC – by Connie Loizos
When a large public pension fund dangles $900,000 in potential compensation in front of applicants, it gets a lot easier to lure top talent.
That is exactly what the $51 billion Virginia Retirement System did when it announced it hired Ronald Schmitz (pictured) as its chief investment officer, replacing Charles Grant, whose contract expired in August. Schmitz is scheduled to start at the end of October.
Schmitz was hired away from the $60 billion Oregon Public Employees Retirement System, where he has been chief investment officer since 2003. Prior to Oregon, Schmitz had a similar role at the Illinois State Board of Investment.Continue
The buttons have been hot in California during the frustratingly slow economic recovery, especially on the issue of public pensioners getting more than $100,000 per year in retirement. Even though six-digit pensions go to about two percent of California public sector retirees, the message, it seems, is that those working for the state should not get large pensions, or salaries, no matter what talents or responsibilities they bring to their jobs.
So, what about the guy who manages the $232 billion pension fund? Joe Dear, who oversees investments for the California Public Employees’ Retirement System was paid $548,142 in 2010, according to new salary disclosures released Tuesday by California’s comptroller, John Chiang. That made him the sixth highest-paid person on the California payroll. Dear’s 2010 salary would greatly exceed that of Gov. Jerry Brown, who will earn $173,986 in 2011, according to the California Citizens Compensation Commission. That, by the way, makes Brown the seventh-highest paid governor in the country. (Former Gov. Arnold Schwarzenegger didn’t accept a salary in 2010.)Continue
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This week FINS reported that buyout shops are raiding investment banks for relatively inexperienced analysts. Buyout shops typically pick up execs from two-year analyst programs at IBs. But this year, PE firms are scooping up candidates less than a year after they graduate from college, according to FINS.
These fresh grads are getting good money. Recent offers for analysts guarantee $220,000 to $250,000 a year, though highly coveted workers are getting more than $300,000, FINS says.
This made me wonder: With lower-tier employees taking home such big paychecks, how much are PE executives making?
Stephen Schwarzman, the Blackstone Group’s chairman and CEO, earnedContinue
Earlier this week, I had the chance to catch up with Jeff Markowitz, the managing partner for Heidrick & Struggle’s venture capital practice. I wanted to talk about pay at startups, which VCs tell me is on the rise, along with valuations. We wound up talking about execs’ renewed faith in equity, where the jobs […]Continue
There seems to be a disconnect between compensation anxieties and reality -- especially for those [...]Continue
Feeling underpaid should be a signal to you to look closely at the position you’re [...]Continue