Carried interest Finance
Definition
The share of profits the general partners in a private equity firm receive after the sale of a business. The carried interest, which is also known as the "promo" or "promote", is typically 20%.
Referring Terms
Clawback, Net IRR, Fund terms, Preferred returnFor profiles of 1,400+ private equity firms, including portfolio and professional info, please consider a free 30-day trial membership.
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