That seems especially true in 2018. So far this year, 80% of investment firms—including PE and VC shops—have hired new employees, according to figures from compensation data company J.Thelander Consulting. In 2017, the comparable number was 66%.
Meanwhile, 24% of investment firms said they've lost a partner or key recruit this year, compared to 19% in 2017. In terms of promotion, 13% of firms have promoted an existing employee to partner in 2018, while 15% did so last year.
We've used data from the Thelander-PitchBook 2017 and 2018 investment firm surveys to compile information on where new hires are coming from and where departing employees are going: