Glossary
Carried interest vesting
The schedule on which individual partners and employees of a GP earn their allocated share of carried interest, typically over several years and subject to forfeiture on departure.
In practice
Vesting is governed by the carry vehicle's own agreement, separate from the LPA. Departing partners' unvested points are often reallocated.
In FUN/D
FUN/D keeps carry-vehicle allocations and vesting schedules alongside the fund's carry calculation.
Related: Carried interest · GP commitment · Carry escrow · full glossary
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