When 20% of Profits Won’t Do, Fund Managers Seek ‘Super Carry’
When Parthenon Capital Partners set out to extend its control of Kroll Bond Rating Agency, the private equity firm also sought a higher share of profits — known as “super carry” — to manage a new fund that would hold the prized portfolio company.
<p>When Parthenon Capital Partners set out to extend its control of Kroll Bond Rating Agency, the private equity firm also sought a higher share of profits — known as “super carry” — to manage a new fund that would hold the prized portfolio company.</p>