Carried interest split between GP and the Deal Team
Hi all!
I am trying to find information related to the carried interest policies of big PE/infra firms (like of KKR, Apollo, Blackstone, Carlyle, etc.).
I'm not talking about the first split between LPs and GP but the "2nd iteration" between the GP and the deal team (senior management).
In the financial accounts of these firms, there is a line with "Realized (cash) carried interest". As I understand it, this is the result of this "2nd iteration", therefore we can't see the total amount of carried interest allocated to the GP from the first split.
Do you know where I can find this information or more specifically the policy of these funds in this respect? I heard that the market practice is a 50/50 allocation between the GP and the deal team.
Thanks for your help.
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