This is the best summary of a promoted interest that I have seen. Does anyone have anything better?
[{"id": "clubzoi", "text": "This is the best thing that has been posted in this thread. Been looking for this for the past 3 years. Thanks. ", "replies": [], "depth": 1}, {"id": "clue9hs", "text": "I was under the impression that a promote is the same as carried interest:http://en.wikipedia.org/wiki/Carried_interest\n\nI don't normally work with this type of structure and ran out of steam about half way into the REFJ article, so I may be mistaken... would also like a link if anyone has anything better.", "replies": [{"id": "cluz5k4", "text": "Same thing, different terminology.  ", "replies": [], "depth": 2}], "depth": 1}, {"id": "clui08o", "text": "On my phone right now, but I have a chart I made that you guys might like. I'll post it when I get in the office tomorrow.", "replies": [], "depth": 1}, {"id": "cluueoo", "text": "Great share, learned something new about CRE today! How long has the promote been in practice? The article is very well written, but usually when someone publishes a document like this, it is to educate those who are unfamiliar with the structure. I see in the article it says it is an update to an article orginally published in 2003, so I'm guessing it is something that was developed around the turn of the century? ", "replies": [{"id": "cluz4rf", "text": "I believe it has been used for much longer than that.  I know my company has used this structure since the mid-90's and I know they didn't invent it.", "replies": [], "depth": 2}], "depth": 1}]