structures of compensation for PE staff at US public pensions have attracted growing attention. Private Equity International examined frameworks of top 10 US public pensions as per Global Investor 150 ranking. Largest funds take markedly different approaches to rewarding investment staff as boards navigate talent competition, legal constraints, and questions over PE benchmarks.

Some funds discuss how best to structure incentive pay amid scrutiny of peer practices. These contrasting strategies reflect evolving landscape of talent management in institutional investing.