Carry
Also known as carried interest
Carry is the share of a fund's profits paid to its managers, typically a fifth of gains above an agreed threshold.
Why It Matters
It is the main way fund managers are paid and the reason exits matter more to them than paper valuations.
Related Terms
- Management FeeA management fee is the annual charge a fund takes on committed or invested capital to cover its operating costs, independent of performance.
- Limited PartnerA limited partner is an investor in a fund, such as a pension scheme, endowment, insurer, sovereign fund or family office, who supplies capital but does not manage it.
- IRRInternal rate of return is the annualised rate at which an investment grew, taking into account when money went in and when it came back.
- ExitAn exit is the event that turns an investor's stake into cash or listed shares: a sale of the company, a listing, or a sale of the holding to another investor.
VANTAGE52 Coverage
Published reporting filed under the topics behind this concept.
Amazon in Talks to Acquire AI Startup Decart for $7 Billion
Amazon is reportedly negotiating a potential $7 billion acquisition of Decart, an artificial intelligence startup developing software for AI computing, real-time video generation and simulated environments. The discussions highlight the growing strategic importance of AI infrastructure as technology companies seek greater control over the systems powering their next generation of products.
The $159 Billion Paradox Behind the Global Startup Funding Boom
Global venture funding reached $159 billion in the third quarter of 2026. But behind the headline number lies a changing investment landscape, where artificial intelligence commands the majority of capital and a small group of companies captures an extraordinary share of funding.
egaranti Raises $1.1 Million in Pre-Series A Funding to Expand Across Central Asia
egaranti, the Türkiye-based warranty technology company, has raised $1.1 million in pre-Series A funding to accelerate its expansion in Uzbekistan, enter Kazakhstan and Azerbaijan, and develop a new consumer-facing warranty application in Türkiye.
Y Combinator Is Becoming a Factory for the Agentic AI Economy
Y Combinator’s latest startups suggest that the next phase of the AI boom is moving beyond chatbots and copilots toward autonomous agents, AI infrastructure, security and systems designed to make AI capable of operating in the real world.
AMD’s $8.2 Billion World Labs Bet Is About More Than AI Chips
AMD’s acquisition of San Francisco AI startup World Labs is taking the chip race into a new territory, combining compute, spatial intelligence and physical AI as the industry moves beyond models that only understand language.
EspressoLab’s 70% Sale to Abu Dhabi’s MAIR Group Reshapes the Turkish Coffee Brand
EspressoLab, one of Turkey’s fastest-growing coffee chains, is entering a new ownership era. Abu Dhabi-based MAIR Group has signed an agreement to acquire 70% of the company behind the brand, bringing a Turkish-origin coffee business with more than 400 stores across 21 countries into a new international growth phase.
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