)
)
Interactive Working Group 01 (for operating partners only) — The management incentive gap: are your portco equity structures keeping pace with today's value creation demands?
Drawing on benchmark data from thousands of PE-backed companies, this interactive session will examine how equity incentive design varies across sectors and lifecycle stages — and opens a broader conversation about whether the traditional PE approach to ownership is keeping pace with today's talent and value creation demands.
- With hold periods extending, are MOIC and IRR still the right performance metrics to drive day-to-day management behavior, or do they create a misalignment between firm timelines and executive decision-making?
- Refresh grants are approaching the size of initial grants - are they being used as a strategic re-alignment tool, or simply writing checks to stop attrition?
- Between initial grant and exit, do management teams actually know if they're on track? How are operating partners helping to build milestones that keep management teams aligned and incentivized - and are 409As being updated frequently enough to reflect current value?
- Broad-based employee ownership is gaining momentum in PE - is this a genuine value creation lever or a narrative tool, and how should operating partners think about extending equity deeper into portfolio company workforces?
Ashley Neville, Director of Insights, Carta
