Allocate carry after final close
Is it common to allocate carry to new hires (say senior associates and above) joining right after final close of the fund? Thinking about a scenario where the fund still largely needs to be deployed and new employees (hired for last investments/AM of current investments) need to be incentivised ahead of raising the next fund (which can take a few more years).
What % deployed is the current fund? Do you have any idea how recently the last new (or upsized) carry grant was made out of that fund?
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