Finance
KKR, Apollo to Pay Rainmakers Less From Fees and More From Gains
- PE firms give shareholders bigger cut of fee-related earnings
- Employees will get more income from carried interest
This article is for subscribers only.
Private equity firms are tweaking bonuses and other awards for rainmakers to give shareholders more steady income during a prolonged deal drought.
Apollo Global Management Inc. and KKR & Co. shifted their compensation in recent weeks to hand over more fee-related earnings — income derived from managing assets — to shareholders.