Carry attribution refers to how carried interest (carry) is assigned to the appropriate party in the fund, either the Fund Lead or AngelList through Meridian, based on their involvement in sourcing LPs. Here's a breakdown of carry attribution for both LPs and Fund Leads.
Meridian-sourced LP
Meridian-sourced LPs are those who discover investment opportunities through Meridian or Watchlist. AngelList receives 5% of the carry on investments made by these LPs, reflecting its role in facilitating discovery and investment.
Fund Lead-attributed LPs
Fund Lead-attributed LPs are those brought in directly by the Fund Lead through personal outreach, networking, or invitations. The Fund Lead receives the full carry amount they set on investments made by these LPs.
For specific cases
To ensure LPs are correctly attributed to Fund Leads, it's essential to track the details of each LP’s invitation and onboarding process. If Fund Leads notice attribution issues, they should reach out to the AngelList team with specific details so the issue can be investigated and corrected.
In the event of discrepancies, leads should provide detailed information (e.g., LP names or situations) to AngelList Account Managers for further investigation and potential correction.