Any horror stories regarding carry?

Can anyone share any horror stories regarding carry? Any thing to watch out for? Ridiculous clawbacks? Funds blowing up?

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Authored by: Certified Investment Banking Professional - 2nd Year AnalystCertified Investment Banking Pro

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Know of an energy fund that had an American waterfall with a clawback. Paid out something like $900M of carry (fund of like 20 people) in the early 2010s that all got clawed back a few years later because they tanked after oil prices cratered.

There were partners who had gotten 8-9 figure payouts that they had to come up with again

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Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

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Any horror stories regarding carry?

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Any horror stories regarding carry?

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