Crystallization is a pivotal concept in private equity fund management, particularly for General Partners (GPs) seeking to realize the value of their carried interest, or “promote.” As private equity funds mature and assets are monetized, the timing and method of crystallizing a promote can have significant implications for both GPs and Limited Partners (LPs). This… The post Locking In Value: How GPs Use Crystallization to Balance Incentives appeared first on DarrowEverett LLP.