Author Biography

Richard Change

Richard Change

Head of PFA Solutions

Richard Change joins Allvue as a member of the senior leadership team, following Allvue’s acquisition of PFA Solutions. In 2012 he set out as co-founder to start PFA Solutions. As the former Chief Architect at a leading private equity firm, Richard Change saw a gap in data standards, as well as limitations on how firms stored and tracked investment information. PFA focused on technology solutions for calculating GP Carried Interest allocations, total compensation management and tracking consolidated investor and portfolio performance information across funds. In addition to his role at PFA Solutions, Richard works with various industry committees and serves on the board on various local organizations. Prior to co-founding PFA Solutions, Richard was the Chief Application Architect at The Carlyle Group. He has over 20 years of technology experience and a deep understanding of fund operations, performance management, carry and co-invest within the Private Capital markets.

Articles by Richard

Carry and Compensation in Private Equity Are Getting More Complicated, Not Less

At a Glance  Compensation and carried interest remain central to incentive alignment in private equity, but how these programs are structured and [...]

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Compensation Management Process: A Comprehensive Guide

Compensation management refers to the processes and strategies that firms use to determine and administer employee remuneration. In most industries, compensation primarily consists of [...]

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PE Compensation Management: Salaries, Bonuses, and Structuring Carried Interest

If you're managing or structuring the compensation and carry program at your private equity firm, you're likely facing the complex challenge of balancing competitive [...]

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