[PE Compensation - Crisis Impact] What to expect?

I saw our fellow friends from the IB forum getting very nervous about it. I was wondering what the impact of a major recession for PE bonuses over 2020 would be. Being quite junior, I never experienced anything like this before. I guess it varies a lot and depends on (i) fund size, (ii) investment focus and (iii) corporate policy.

I very well understand why IB bonuses may be cut / cancelled as their business might be heavily impacted. However, I am not sure if there is a rule for PE regarding crisis / bonus as the impact is very different (postponement of sale process, many acquisition opportunities coming at fairly cheap prices etc.).

What are your thoughts?

3 Comments
 

Interested as well. I have heard associates say their bonuses are”guaranteed”

 
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