Global Custodian and TMF Group launch new survey on managing complexities in private market incentives

Co-investment and carried interest programmes have moved decisively into the mainstream across private markets, bringing with them rising operational, governance and reporting complexity. As firms expand across jurisdictions, structures and participant bases, the administration of waterfalls, allocations, disclosures and incentive frameworks is becoming a strategic function rather than a back-office process. Drawing on global survey data and practitioner interviews, this research project examines how managers are evolving their approaches to carry and co-investment design, technology enablement and oversight, and how these changes intersect with investor expectations for transparency, data integrity and regulatory alignment. The study will benchmark current practices across strategy, geography and scale, identify the areas creating the greatest operational friction – from deal allocation to cross-border compliance – and define the hallmarks of strong operational practice as firms position their operating models for the next cycle. You can fill in the survey via this link here.