How does sharing carry with deal partners work?

You can now share a portion of your carry with one or more recipients directly in the AngelList product using the Deal Partners feature. Note that carry should only be shared when the person has provided or will provide assistance and expertise in identifying, assessing, and negotiating the deal. 

If you’re sharing carry for a deal in a fund with multiple investments and fund-level carry, the deal partner will receive their fair share of carried interest from the fund’s carry recipient after the fund returns its principal to LPs. The deal partner’s fair share of carried interest is proportional to the amount of profit their deal drove versus the total profits all profitable deals yielded. We currently do not support deal partner carry shares with multiple fund-level carry recipients.



You can add deal partner(s) to any approved SPV or fund investment. Enter the name and email address of the person in question, as well as how much carry you'd like to share with them. The recipient (deal partner) receives an email with a link to a flow where they can accept the carry.

Once an invite is sent to a deal partner, they have 2 weeks to accept the agreement, and we follow up with reminders every 3 days. Once a deal partner has accepted the invite, you have 2 weeks to confirm or cancel the agreement– if you take no action after 2 weeks, we will auto-confirm the agreement.

You can view carry share recipients are on a given investment, as well as how much carry you've allocated to them and any accompanying documents.



You can choose to add deal partners when creating a new SPV deal. In the GP commitment tab, you'll see a place to add these partners, beneath the Default Total Carry field. You must enter a name, email address, as well as the percentage of your carry that you'd like to share.




Your recipient must have an AngelList account to view the page; so they'll need to sign up if they don't already have an account. The link will take the user to a page where they'll see a few details about the deal, how much carry they'll be receiving, and the option to accept or reject the invitation.



If they accept the invitation, they must choose from an existing investing entity or create a new one and provide details. Note that the individual will undergo identity verification and may be asked to upload a government ID or provide additional information about their investing entity, if applicable.


You will be notified via email whether the recipient has accepted or rejected your invitation.  If they accept, you'll be asked to confirm the carry share. You have 2 weeks to confirm or cancel the agreement– after 2 weeks, we'll auto-confirm the agreement if you have not taken action. You can also finalize a carry share within the deal dashboard, in the same area where you added the recipient.



After clicking "Finalize" you'll see the following modal:



If you'd like to cancel the carry share agreement, you can do that by clicking on the garbage can icon. A new "Cancel Carry Share" window will appear, and hit the red "Cancel Carry Share" button to cancel.


Once you finalize a carry share agreement, you cannot cancel it without consent from each of the parties. If you need to cancel an agreement that has been finalized, please reach out to 

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