Carry takes a hit
Carried interest in the private equity industry is expected to decrease as a result of Coronavirus, according to recruitment firm PER.
The firm’s latest report, Taking the Temperature, found that 74% of respondents predict carried interest and LTIP values will drop during the next three months. However, respondents expect both to normalist in the medium to longer term.
Covid-19 impacts
The double impacts of valuations and longer investment periods will take their toll on IRR, which in turn affects carry.
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