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Carried Interest

Kewsong Lee, Carlyle
The fair value of Carlyle's private equity portfolio climbed 13% in the second quarter, but co-chief executive Kewsong Lee says there's more to be done in terms of recovery.
The organization hopes to spark debate with its new deal-by-deal model LPA, which incorporates recent changes to its whole-of-fund model LPA. Private Funds CFO spoke with some of the people who developed it ahead of the LPAโ€™s release.
Industry lobby fights back on Maryland tax bill; Mid-market firm makes a bevy of promotions; Blackstone warns of coronavirus risk to funds.
The state's proposal to add a surcharge to management fee income and carried interest has the industry there scrambling to kill the measure.
Marylandโ€™s proposed tax on management fees and carry may be more tactically sophisticated (if disagreeable to business) than theyโ€™re getting credit for.
Two models stand on a pile of coins
Carried interest is being awarded further down the food chain.
Compensation in PE is increasing โ€“ particularly at more junior levels โ€“ according to two extensive research reports.
The right co-investment strategy helps keep team members motivated, writes the head of executive compensation at Investcorp, Dominic Elias.
Dividing the rewards in a way that keeps everyone happy is no easy task, writes private equity recruiter Gail McManus.
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