Newsletter – IF Edition

Welcome back to the Thelander Digest! For those of you that are new or want to revisit our previous issues, you can find CVC here, traditional investment firm (such as VC) here and private company here. If you are interested in subscribing to one or all of our Digests, you can sign up here. In this month’s edition, we’ll be exploring different hiring trends at CVC units. We’ll take a look at where new hires come from including how many are internal from the parent company. Let’s dig into our data. Chart 1 examines where new hires at CVC firms came from. We see the following insights: Chart 2 looks at which CVC roles were

Last month, we looked at a preview of salary increase data. This month, we’ll give you an exclusive look at the bonus section, and examine how bonuses are measuring up for 2024. To review, a cash bonus is the preferred mechanism for rewarding individual performance, and is meant to be a short-term/annual incentive. With the current talent market being highly competitive for key skill sets and experience, bonuses can be a valuable financial tool. It’s important to determine the right mix of base pay, bonus, and additional incentives (both short and long-term) using Thelander real-time investment firm compensation data. Salary increase percentages are typically a percentage

Each year, we team up with PitchBook to run our annual Salary Increase & Bonus Survey. As it’s the holiday season, we wanted to provide our email subscribers with a treat for our December Thelander Digest. We’ve included an exclusive preview of the results from the Salary Increase & Bonus Survey that examines how salary increase percentages are looking for 2024 from those that have responded to date. Take a look at our data below to find out! Once you know your salary increase percentages, we invite you to take less than 10 minutes to complete the survey and secure your free report which will have updated data and analysis. There is no cost to participate

Welcome back to the Thelander Digest. As we near the end of the year, CVC units are making decisions on salary increases, bonuses, and benchmarking their teams against the market based on real-time data. As Jody, our founder & CEO, frequently states, the data is only as good as you know what to do with it. That’s why we hosted a webinar with James Fischer (Partner at DLA Piper) and Lee Sessions (BMG Fellow at Bell-Mason Group) to give an in-depth compensation update and best practices for CVC units. You can watch the entire recording below.  Some takeaways: Want more compensation data? We invite you to participate in the Thelander CVC Salary Increase & Bonus

Welcome back to the Thelander Digest. This month we’re exploring compensation trends for CVC Unit Leaders and Corporate Venture Business Development (CVBD) Leaders. We particularly look at how the median and 75th percentile in total cash has changed since 2019. Let’s dive into the data! Chart 1 shows how the median total cash for CVC Unit Leaders and CVBD Leaders has changed from 2019 to 2023. Chart 2 shows the 75th percentile in total cash for CVC Unit Leaders and CVBD Leaders. Our Findings:Overall, CVC compensation has been stable since 2019, with a slight uptick when the private markets have been at a peak. As our founder

Welcome to September’s Thelander Digest, where we’ll explore how vesting for long-term incentives has changed since last year. The first chart looks at what other (long-term) incentives in addition to base pay and cash bonus are utilized by CVC Units. The most popular option is corporate stock, followed by carried interest and shadow/phantom/synthetic carry. Let’s dig into the data! Chart 2 shows the vesting time for corporate shares. Chart 3 shows the vesting time for carried interest. Chart 4 shows the vesting time for shadow/phantom/synthetic carried interest. Our Findings:  Want more compensation data? Participate in the CVC Compensation Survey Today

There are jobs, regardless of type of firm, that are competitive. In August’s Thelander Digest, we’ll explore how compensation for Senior Associates and Associates compares at corporate venture and venture capital firms. Let’s get started! Chart 1 shows the 25th percentile, median, and 75th percentile for total cash for senior associates. Chart 2 shows the 25th percentile, median, and 75th percentile for total cash for associates. The total cash is higher across all percentiles for associates.  Chart 3 shows the 25th percentile, median, and 75th percentile for total cash for senior associates at CVC and VC firms with less than $250 million in total AUM. Our Findings: When looking at

In July’s Thelander Digest, we explore how the total cash compensation for CVC Unit Leaders has changed since 2021 to uncover trends.  The first graph compares the 25th percentile, median, and 75th percentile for total cash (base salary + bonus, or just base salary) YoY. What does the data tell us? The second graph shows the percentage change in CVC Unit Leader total cash between 2021 and 2023.  The biggest increase can be seen at the 75th percentile.  Our Findings: After analyzing the Thelander data, it’s clear that the most growth in compensation for CVC Unit Leaders was at the higher end of

In June’s Thelander Digest, we examine how compensation differs between corporate venture capital units in the United States versus Europe. So where do you think CVC units are paid more? Let’s dig into the data! The first graph shows the median, the 75th percentile, and the maximum total cash for senior investment professionals in the United States vs. Europe. Thelander data shows that all percentiles are higher in the United States when compared to Europe.  The second graph looks at incentives other than base pay and cash bonus. Thelander data shows that the most popular option is “corporate stock only”. This holds true regardless of whether

In May’s Thelander Digest, we examine what the compensation landscape looks like for CVC professionals. We do this by looking at the median total cash for four different positions: CVC unit leader, senior investment professional, senior associate, and associate.  First, let’s look at how the compensation for each positions is influenced by the filter: total CVC investment capital under team management. By examining the Thelander data, below are some takeaways:  Now let’s look at the difference in percentage of median total cash for each position by total CVC investment capital under team management. Get More Compensation Data: Participate in the CVC Compensation Survey Today By examining this data, we

In April’s Thelander Digest, we examine what the compensation landscape looks like for CVC professionals.  Last month, J.Thelander Consulting hosted a webinar with DLA Piper and Bell Mason Group to give a full market update, and examine how CVC compensation trends have evolved in recent years. Jody Thelander, founder & CEO of the namesake firm, discussed exclusive insights, which you can watch here if you missed it.  Watch The Webinar Here Below we’ve included a  preview of some data shared in the webinar, along with some key takeaways. Key takeaways from the webinar:  Watch the full webinar to get access to all the exclusive insights that

In this months Thelander Digest, we explore how CVC Unit Structure and Investment Capital Under Team Management influence what types of long term incentives are offered in addition to base pay and cash bonus. All of the data presented is collected through the Thelander Investment Firm – CVC Compensation Survey. If you are interested in securing free access to a subset of the results or discounted pricing on full access, you can Participate in the Survey at No Cost Want more exclusive data, insights and analysis? Join us for a CVC Compensation Panel Webinar with DLA Piper and Bell Mason Group on March

In February’s Thelander Digest, we explore if carried interest is on the rise for CVC units. By examining the graphs below that illustrate our data from the Thelander Investment Firm-CVC Compensation Survey, we explore notable trends.  The Thelander Digest is powered by real-time compensation data from the Thelander Investment Firm-CVC Compensation Survey. There is no cost to participate and all respondents will receive free access to a subset of the results through a silver level subscription.  Get More Compensation Data: Participate in the CVC Compensation Survey Today By examining the Thelander data on carried interest for CVC units, some key takeaways:  Thelander is the only firm that covers the

In this month’s Thelander Digest, we explore how salaries are changing in CVC units. By examining the graph below, we find that 4% more of individuals at CVC units receive a salary increase for 2023 compared to last year. Is AUM a factor in whether or not an individual received a salary increase? The data says yes. We asked if an individual received a salary increase by less than $250M in total investment capital under team management.  “Yes” increased by 28% compared to more than $250M. See graph below. In examining how much salaries increased for CVC units in 2023, we found multiple takeaways:  The base salary is

As the leading source for compensation data for the private capital markets, we’re excited to announce the launch of the Thelander in-house survey tool, which combines our 25+ years of industry experience surveying privately held companies and investment firms with the power of real-time survey data. Why does it matter?Our new platform provides multiple benefits for users including increased security, confidentially, and real-time data. It also allows us to more efficiently deliver on our mission of bringing pay transparency and excellence to the private capital markets.  What’s new?Private companies and investment firms can now enter their compensation data through the Thelander Survey Tool, as well as

We received a lot of interest in last month’s Thelander Digest where we explored how bonus programs impact the total compensation for Senior Investment Professional. So this month, we’re exploring the same thing for Senior Associates. For these positions, their total cash compensation may be just their base salary, while others also receive a bonus as well. This doesn’t necessarily mean that those with bonuses get paid more. Those without bonuses might have a higher base salary to make up for the difference. So which is it? Let’s dive in!  Key TakeawaysAfter analyzing Thelander Investment Firm CVC Compensation data, the data shows: Want

For some senior investment professionals, their total cash compensation is just their base salary, while others also receive a bonus as well. This doesn’t necessarily mean that those with bonuses get paid more. Those without bonuses might have a higher base salary to make up for the difference. So which is it? In this month’s Thelander Digest, we’ll look at what percentages of senior investment professionals received a bonus and the median total cash they received in compensation. Let’s dive in!  Key TakeawaysAfter analyzing our data, we discovered the following: Want more compensation data? The CVC Salary Increase & Bonus