News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Permira to charge 1.5% on Europe's largest buy-out fund

Permira is set to receive annual management fees of €2.7m ($3.1m) per partner from its latest buy-out fund, which is about to close at €4.5bn.

The annual fee will leave plenty to pay salaries to Permira's 25 partners and 57 other investment staff once other business running costs have been deducted. Annual pay awards are expected to dwarf the £104,000 (€146,640) average pay received by UK investment professionals, according to recent figures published by the Association for Investment Management and Research. Permira's partners also stand to receive a fifth of any eventual capital gains made by the fund.

WSJ Logo