7. Private-equity partnerships (S33.2) We described carried interest as an option. What kind of option? How does
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7. Private-equity partnerships (S33.2) We described carried interest as an option. What kind of option? How does this option change incentives in a private-equity partnership? Can you think of circumstances where these incentive changes would be perverse—that is, potentially value-destroying? Explain.
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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