Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Full-Pool Carry (Waterfall)

Distribution of Carried Interest in which Profits are distributed in the aggregate for the portfolio, generally at the end of the fund life.  Also known as Back-end Carry, European-style Carry or Waterfall.  See also Deal-by-Deal Carry.
 

Source: NCREIF | Date: 05 September 2025 | ID: D1163 | Version: 1