BioCentury
ARTICLE | Finance

Carried away

Strategic VCs say they get no carried interest

May 28, 2012 7:00 AM UTC

Three out of four corporate VCs on a panel at last week's C21 BioVentures conference in Napa, Calif., said their compensation does not include carried interest. Any upside stays with the funds, which could help relieve pharmas from further infusing them with cash.

Most private equity players including VCs and hedge funds are paid about a 2% management fee on a fund, plus a carried interest that is usually about 20% of any eventual profits in a given fund...