# Promote (carry)

> Sponsor's share of profits above the hurdle rate.

**Canonical URL:** https://classa.info/glossary/promote
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **category**: Investment
- **regionScope**: Global

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Citation: Source: Class A Atlas (https://classa.info/glossary/promote), updated 2026-04-01T00:00:00.000Z.