DATA SNAPSHOT: Fund managers say critical roles are understaffed

Most private funds say they are understaffed across their organization, not just in critical roles, according to BDO's private funds survey.

Attracting and retaining talent is a pressing issue for private equity managers.

BDO’s 2023 Private Capital Survey found that nearly half (49 percent) of private equity managers and operating partners say that their firms are understaffed in critical roles.

Similarly, 48 percent of managers said they are understaffed across the organization. Only 27 percent of managers said their firms are overstaffed.


BDO’s 2023 Private Capital Survey polled 405 US private equity fund managers and operating partners, 200 portfolio company CFOs and 50 board members. The survey was conducted by Censuswide, an independent market research firm, in March 2023.