PE Finance Question
Hi Everyone,
I have a quick question. In a private equity firm/hedge fund firm, which department handles the carried interest / management fee calculations? Who actually set the funds up and keeps track of the deal by deal revenues that come in & report on them? I assume there is a department that forecasts business unit performance and allocates budgets based on the investment performance. I understand carried interest is compensation but which group has the financial expertise to conduct this analysis? I assume it is mostly FPA professionals. Any guidance? Thanks!
bump
usually you have one or a few fund accountant or controllers depending on AUM. But his/her job is mostly for reporting purposes at-least for my firm.
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