The private capital sector is reportedly missing out on the current boom in IPOs and deals, marking a dramatic shift from recent years when the sector was considered more resilient to financial market changes.

Salaries in the private capital sector have reportedly jumped to $750,000, as Abu Dhabi and Riyadh increasingly draw top talent to their markets.

The City law firm Macfarlanes has successfully transcended its traditional roots to become one of London's most profitable legal partnerships by finding wealth in the private capital sector.