You may need a carve-out plan. Here’s how to put one in place.
We just published the results from the 2026 M&A with Change of Control & Severance Survey, and we have exclusive analysis for you in this month’s newsletter. Let’s set the scene: According to PitchBook’s Global M&A Report, healthcare was “the quarters clearest growth story.” Healthcare M&A value reached an estimated $165 billion, up 71.6% year over year, […]
Shadow/Phantom/Synthetic Carry: Not Just Reserved for CVC Units
Through our consulting work, we’ve seen that more investment firms are interested in Shadow/Phantom/Synthetic (SPS) carry programs. This involves setting aside a portion of returns, whether from the managing partner’s carry or the overall GP share, and distributing it as a bonus. It is another vehicle to incentivize junior employees while retaining more flexibility and […]
How does compensation change with fund size?
For privately held companies, we know how it (generally) goes – as a company raises more capital, the total cash increases as the equity decreases on the compensation front. While the exact mix of cash and equity depends on the role and company specifics, the same pattern generally holds true for investors at venture capital […]
Private Company 2027 Salary Increases 2027: How to Plan
Whether you’re a founder or CEO thinking on behalf of the company or an individual wondering about your own compensation, by this time of the year, salary increases have probably crossed your mind. And for good reason. There’s a lot of movement in the private capital market. The way companies are hiring is very different from […]
How does executive equity change from Seed → Series A → Series B?
While we like to stay away from the word *should*, the real question is – how does executive equity change as a company raises capital? This week, we’re continuing our deep dive to answer your frequently asked compensation questions. Using the comp planning tool from the Thelander Platform, (a hybrid of our dataset and consulting […]