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Glossary Term: PROMOTE

Definition(s) for PROMOTE:


1. ) Also known as 'carry' or 'promote', it refers to a share in the profits of a private equity fund. Typically, a fund must return the capital given to it by limited partners plus any preferential rate of return before the general partner can share in the profits of the fund. The general partner will then receive a 20arried interest, although some successful firms receive 25% .



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