HONG KONG, Oct. 9, 2018 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII),
a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture
shaping services globally, today announced the results of its Asia Pacific
Private Capital Compensation Survey: 2017–18.
Conducted earlier this year, the fifth annual survey includes 170 responses from private capital professionals working in
global and regional platforms across Asia Pacific. It examines how compensation has developed
over the past three years and how it compares across professional levels, fund sizes, strategies and key geographic
locations.
According to Asian Venture Capital Journal, fundraising for Asia-focused private
capital funds amounted to USD 128.5 billion in 2017, up slightly from USD
120.4 billion in 2016. Yet, the level of capital available in Asia was magnified by
increased co-investment from institutional investors (LPs) and expanding direct investment programs in the region by sovereign
wealth funds and pension funds.
"With more private markets players and activity in Asia, we anticipate increasing competition
for investment professionals with track records," said Michael Di
Cicco, Heidrick & Struggles Head of Private Equity in APAC. "That's going to mean upward pressure on compensation
in general. We're advising our clients to focus not just on an annual number, but on ensuring long-term incentives and career
progression plans are aligned and well communicated."
Compensation appears to be increasing across all levels of private capital investment professionals in the
region:
- According to the Asia Pacific Private Capital Compensation Survey: 2017–18, Associates and Senior Associates
reported the highest compound annual growth rates (CAGR) at 15.17%, while Managing Directors reported 11.77%, up from 7.39% in
last year's survey.
- 42% of respondents reported a greater base salary in 2017, while 60% anticipate an increase in 2018.
The trend of increasing compensation for private capital professionals is expected
to continue into the near future:
- Anecdotal evidence from the survey and Heidrick & Struggles' advisory work across the region point towards the trend of
compensation continuing to increase into 2019.
- Japan has been a particularly challenging market for investment platforms seeking to
expand at the senior level, including direct investments as well as big-ticket technology investments across the region as a
whole.
"As a leadership advisory firm, Heidrick & Struggles is committed to keeping leaders abreast of the latest industry
trends. Our annual industry compensation report is an important piece of research for our private capital clients and their
teams, allowing them to benchmark their compensation structures against peer organizations in the region," said Frazer Wilson, Managing
Partner of Heidrick & Struggles' Financial Services Practice for Asia Pacific.
About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) serves the senior-level talent and leadership needs of the world's top
organizations as a trusted advisor across executive search, leadership assessment and development, organization and team
effectiveness, and culture shaping services. Heidrick & Struggles pioneered the profession of executive search more than 60
years ago. Today, the firm provides integrated leadership solutions to help our clients change the world, one leadership team at
a time.® www.heidrick.com
Media Contacts:
Karen Lau - Marketing Director, Asia Pacific
+852 2103 9329, klau@heidrick.com
Dana Andreoli - Marketing Specialist, Americas
+1 312 496 1377, dandreoli@heidrick.com
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SOURCE Heidrick & Struggles International, Inc.