Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Family Offices Use Private Equity Carry
In this episode, Lucas and Luna explore a niche but powerful tool in the family office toolkit: private equity carry. Carry, or carried interest, is the performance fee that general partners earn—typically 20 percent of profits above a hurdle rate. For ultra-wealthy families who invest in funds or operate as GPs themselves, carry can be a significant source of wealth, but it comes with complex tax and estate planning challenges. Lucas explains how carry works, using the example of a hypothetical fund with a $500 million commitment, and breaks down the tax advantages and pitfalls. He discusses…
The skinny
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