{"id":296675,"date":"2026-02-16T13:23:00","date_gmt":"2026-02-16T21:23:00","guid":{"rendered":"https:\/\/jthelander.com\/?p=296675"},"modified":"2026-02-16T13:23:00","modified_gmt":"2026-02-16T21:23:00","slug":"carried-interest-vesting-vc-pe","status":"publish","type":"post","link":"https:\/\/brightturn.io\/?p=296675","title":{"rendered":"Carried Interest Vesting: How VC and PE Firms Are Moving in Opposite Directions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Carried interest vesting is diverging \u2014 and the gap between VC and PE is widening. Using carried interest data from the <a href=\"https:\/\/jthelander.com\/vc-pe-compensation-benchmarks-investment-firm-data-thelander\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander platform<\/a>, we&#8217;re seeing a clear split in how both VC and PE firms are structuring vesting times. At Venture Capital firms, vesting is getting longer.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/carried-interest-2-700x363.jpeg\" alt=\"\" class=\"wp-image-296677\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over the last three years, VC has trended toward extended vesting schedules for carried interest.<\/li>\n\n\n\n<li>Three- and six year vesting structures have become less common, signaling that &#8220;quick&#8221; vesting structures are falling out of favor.<\/li>\n\n\n\n<li>Ten year vesting has grown meaningfully, up ~ 5% from 2023.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">At Private Equity firms, vesting is getting shorter.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PE has moved in the opposite direction with vesting times becoming shorter over the same timeframe.<\/li>\n\n\n\n<li>Five year vesting has seen a sharp drop, falling by ~9% in just the last year.<\/li>\n\n\n\n<li>Four year vesting has increased by ~7%<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/carried-interest-1--700x362.jpeg\" alt=\"\" class=\"wp-image-296676\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The takeaway:<\/strong> With both fundraising and exits taking longer, venture firms are using longer vesting to reinforce long term alignment. Private equity firms are concentrating economics over a tighter window \u2014 making it more important than ever to benchmark your carried interest percentages to market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Find out how your current comp stacks up to market by completing the no-cost <a href=\"http:\/\/survey.jthelander.com\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander x PitchBook Investment Firm Compensation Survey<\/a>. You&#8217;ll be able to access real-time comp data for all the job titles you input data for at no charge. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carried interest vesting is diverging \u2014 and the gap between VC and PE is widening. Using carried interest data from the Thelander platform, we&#8217;re seeing a clear split in how both VC and PE firms are structuring vesting times. At Venture Capital firms, vesting is getting longer. At Private Equity firms, vesting is getting shorter. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[5],"class_list":["post-296675","post","type-post","status-publish","format-standard","hentry","category-data-drops","tag-investment-firm"],"_links":{"self":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/296675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=296675"}],"version-history":[{"count":0,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/296675\/revisions"}],"wp:attachment":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=296675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=296675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=296675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}