Here’s the good news: Private equity firms are likely to sail through the COVID-19 pandemic more or less unscathed.

Private-equity firms can escape the more immediate consequences of the virus-driven recession, he expects, because they don’t have to mark their assets to market on a daily or even monthly basis, and because many are flush from a strong performance in recent years.

Here’s the bad news: Your bonus check will not.

Private-equity firms and the rest of Wall Street could see a 30% to 40% drop in bonuses as the coronavirus bites into everything from asset values to deal flow… “The virus is heading us toward a nasty recession,” said Alan Johnson, managing director of Johnson Associates in New York. His firm predicted banks, brokers and asset managers would slash bonuses this year, following a mixed performance in 2019, when private-equity firms held bonuses level or raised them as much as 5% over 2018.

Coronavirus Fallout Could Cut Wall Street Bonuses as Much as 40%, Expert Says [WSJ]


This would be a start. By The original uploader was Hephaestos at English Wikipedia (Transferred from en.wikipedia to Commons.) [Public domain], via Wikimedia Commons

Bonus Watch ’20: Hedge Funders > I-Bankers > Commercial Bankers

For all of them, however things will be < 2019.


Bonus Watch ’20: Your Bonus Is No Torches And Pitchforks At Your Front Door

BriMoy & co. are gonna hold on to what’s rightfully yours for your own good.

Drumguy8800 at the English-language Wikipedia, CC BY-SA 3.0 , via Wikimedia Commons

Compensation Watch ’20-‘21: Peripatetic Private Equity People

You needn’t so much as leave your heart in San Francisco to keep getting paid.

dumpster fire ornament

Worst Year In At Least A Century No Reason Not To Go Public

The SPAC-and-IPO party on Wall Street will have to stand in for the traditional holiday festivities this year.

(Getty Images for Yahoo Finance)

Bonus Watch ‘20: Barclays I-Bankers

Jes Staley loves you guys, he just doesn’t love paying you guys.