Chung, Ji-Woong; Sensoy, Berk A.; Stern, Léa; … - In: Review of Financial Studies 25 (2012) 11, pp. 3259-3304
Lifetime incomes of private equity general partners (GPs) are affected by their current funds' performance not only directly, through carried interest profit-sharing provisions, but also indirectly by the effect of the current fund's performance on GPs' abilities to raise capital for future...