Ta\u015f\u0131nan Faiz (Carry veya Carried Interest), bir yat\u0131r\u0131m fonu y\u00f6neticisinin (GP) fon getirilerinden ald\u0131\u011f\u0131 performans bazl\u0131 payd\u0131r; tipik olarak getirilerin %20’si bir hurdle oran\u0131n\u0131 a\u015ft\u0131ktan sonra \u00f6denir.<\/p>\n
Standart yap\u0131 ‘2 ve 20’: GP y\u0131ll\u0131k olarak fon b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn %2’sini y\u00f6netim \u00fccreti olarak al\u0131r art\u0131 yat\u0131r\u0131mc\u0131lara hurdle oran\u0131 (genellikle %8) iade edildikten sonraki k\u00e2r\u0131n %20’sini carry olarak al\u0131r. ‘European waterfall’ t\u00fcm sermayenin iadesinden sonra carry hesaplar; ‘American waterfall’ deal-by-deal carry hesaplar (GP’lere daha avantajl\u0131).<\/p>\n
ABD’de carry, sermaye kazanc\u0131 olarak vergilendirilir (uzun vadeli %20’ye kadar) \u2014 s\u0131radan gelir vergisi (%37’ye kadar) yerine. Bu vergi avantaj\u0131 tart\u0131\u015fmal\u0131d\u0131r \u00e7\u00fcnk\u00fc carry i\u015flevsel olarak y\u00f6netim \u00fccreti gibi performans i\u00e7in \u00f6denen tazminatt\u0131r. Birden fazla yasama \u00e7abas\u0131 carry vergisini s\u0131radan gelir olarak yeniden s\u0131n\u0131fland\u0131rmaya \u00e7al\u0131\u015fm\u0131\u015ft\u0131r ancak ba\u015far\u0131l\u0131 olamam\u0131\u015ft\u0131r.<\/p>\n
Carry tipik olarak \u00e7ok y\u0131ll\u0131 vesting takvimleri ile hak edilir (genellikle 4-5 y\u0131l). K\u00f6t\u00fc ayr\u0131lma durumlar\u0131nda hak edilmemi\u015f carry kaybedilebilir. Hak edilmi\u015f carry, fon da\u011f\u0131l\u0131mlar\u0131 yap\u0131ld\u0131k\u00e7a GP’ye akar. Bu yap\u0131, GP’leri uzun vadeli performansa motive eder ve erken ayr\u0131lan partnerleri cayd\u0131r\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
TLDR: Ta\u015f\u0131nan Faiz (Carry veya Carried Interest), bir yat\u0131r\u0131m fonu y\u00f6neticisinin (GP) fon getirilerinden ald\u0131\u011f\u0131 performans bazl\u0131 payd\u0131r; tipik olarak getirilerin %20’si bir hurdle oran\u0131n\u0131 a\u015ft\u0131ktan sonra \u00f6denir. Carry Mekanikleri Standart yap\u0131 ‘2 ve 20’: GP y\u0131ll\u0131k olarak fon b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn %2’sini y\u00f6netim \u00fccreti olarak al\u0131r art\u0131 yat\u0131r\u0131mc\u0131lara hurdle oran\u0131 (genellikle %8) iade edildikten sonraki k\u00e2r\u0131n […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-8147","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=8147"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8147\/revisions"}],"predecessor-version":[{"id":9277,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/8147\/revisions\/9277"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=8147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=8147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}