{
  "url": "https://classa.info/glossary/promote",
  "title": "Promote (carry)",
  "description": "Sponsor's share of profits above the hurdle rate.",
  "oneSentenceAnswer": "Sponsor's share of profits above the hurdle rate.",
  "tldr": [
    "Sponsor's share of profits above the hurdle rate.",
    "Typical structure: 8% pref to LP, then 50/50 split to a return hurdle, then 30/70 above."
  ],
  "keyFacts": {
    "category": "Investment",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/promote), updated 2026-04-01T00:00:00.000Z."
}