GP Incentives Allocation for Finance & Operations
Calculate and allocate carry with institutional-grade precision
qashqade's GP Incentive Allocation module treats carry with the same engine as your waterfall, ensuring every incentive calculation is accurate, consistent, and fully aligned with the agreed structure.
In private markets, carry is more than compensation: it’s alignment
Every carry calculation reflects how value is shared within the firm. When incentives are calculated transparently and consistently, alignment strengthens, administration simplifies, and confidence increases across partners.
Gain full visibility into GP economics
Define custom vesting schedules, link them to specific carry points, and model sophisticated elements including forfeitures as percentages of the available vested or unvested points. You gain a clear, consolidated view of who is entitled to what, without manual reconciliation.
Automate carry within the waterfall process
When carry processing is activated within a waterfall run, the engine automatically calculates GP allocations based on structure, vesting schedules and assigned carry holders. That means incentives are always calculated in line with the actual fund economics, not tracked separately or adjusted manually.
Communicate carry outcomes with clarity
Dedicated carry event views summarize allocations, vesting status and realizations in one place. Share current values directly through the secure stakeholder portal, giving carry holders visibility into their points, vesting and entitlements.
How GP Carry Calculation Works at qashqade
Carry structures, vesting rules and partner allocations are configured in the platform and calculations are automatically carried out during the waterfall run. From that point forward, every waterfall run can calculate GP carry automatically — consistently, transparently and in line with your defined structure.
Define the Carry Structure
Set up the carry structure for your fund, defining how GP economics flow from the waterfall to structure entities and ultimately to carry holders. Structure entities can be reused across different structures giving you flexibility without losing control.
Configure Vesting Rules
Create vesting schedules and link them directly to carry points — whether cliff-based or continuous. This ensures incentives are allocated over time exactly as intended.
Assign and Allocate Carry Points
Set up carry holders and allocate points through a dedicated carry allocation screen. All allocations are centrally managed and create clarity over who is entitled to what and when.
Process Carry Within the Waterfall
When running the waterfall, the engine automatically calculates GP carry based on the defined structure, vesting schedules and allocated points generating a clear carry result for review and communication.
Review & Communicate Results
Access detailed carry event views and share validated outcomes securely through the stakeholder portal. Preview exactly what stakeholders will see before publishing.
Gaurav Marwah
By pairing our technical expertise in LPA validation and carry modelling with qashqade’s collaborative advisory team, we’ve created a synergy that delivers deeper insights and shared learning, strengthens carry analysis and fund accounting practices, and achieves faster resolution of complex carry scenarios – far beyond what standalone technology can achieve. qashqade doesn’t just provide technology, they provide tailored support and work closely with their clients to drive better outcomes.
Jørgen Axelsen
This is about trust at the end of the day. That’s what our clients are really paying for – knowing that everything’s being handled properly, with full transparency. qashqade helps us deliver the best solutions to fund managers’ most complex challenges, which is our core mission.
Erik Kindblom
After a careful selection process, qashqade became the natural choice for us, not just for the technology but also their deep understanding and expertise of our challenges and how to address them.
Case Study
Scaling carry modelling through technology & trusted expertise
IQ-EQ is a global fund administrator with deep technical accounting expertise, supporting private market managers globally. As client demand grew and fund structures became increasingly complex, the team sought to enhance and scale their carry modelling service for fund manager clients across the EMEA region. Learn how qashqade helped.
Stop worrying about whether your numbers are right
You don’t need more flexibility. You need calculations you can trust, explain, and defend. Every single time.
FAQs
Quick answers to the questions we hear most.
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We're here to answer your questions.
All of the carry calculations are available in our carry events and vehicles pages. Users can also communicate directly with carry holders via our portal to show them current figures and values.
Each carry event is carried out in our carry events module. Carry events or new carry values can be communicated immediately through the investor portal.
Yes. You can create custom vesting schedules and link them directly to carry points, ensuring accurate allocation over time.
Carry holders are set up in the system and linked to the relevant fund and carry structure. Allocations are managed through the carry allocation screen, providing transparency into who is entitled to which portion of GP carry.
Yes, if the GP Incentive Allocation module is part of your package. By selecting the carry processing option in a waterfall run, the engine automatically calculates GP carry allocations according to the fund’s structure, vesting, and assigned carry holders.
To support sophisticated carry structures, the system supports the creation of forfeitures as percentages of the available vested or unvested points. Full vesting schedules are visible across specific tranches on qashqade's event and partner screens. Continuous vesting options provide additional flexibility when defining incentive structures.
Carry is processed as a native part of the waterfall engine, not as a downstream adjustment. This means carry allocations always reflect the exact economics of each waterfall run, eliminating reconciliation gaps between your waterfall model and your carry records.
Carry holders are set up in the system and linked to the relevant fund and carry structure. All allocations are centrally managed, providing a clear, auditable record of entitlements at every point in time.
Forfeiture rules — whether based on vested points, unvested points, or a defined percentage — are configured upfront and applied automatically. This removes manual calculation risk and ensures consistent, defensible treatment across all departure scenarios.