The UK’s carried interest reform, which came into force on 6 April 2026, changed the way an investment manager’s carry is taxed. While fundamentally a tax change, the new rules create a significant operational demand: fund managers need to be able to produce accurate data on investments, an individual’s UK workdays, the split between carry and co-investment, and the calculation of returns. In practice, much of this sits with HR departments and fund administrators. For those teams, responding effectively will depend on having the right platform in place, supported by expert tax advice.

Private equity firms across North America and Europe are expanding carried interest participation beyond traditional investment teams. As carry becomes a core component of total compensation, firms are increasingly including non-investment professionals and junior talent—often through phantom carry structures—while evolving pool splits toward more team-favored models.

Incentive and retention frameworks quietly shape behavior and appetite for risk-taking in the financial markets. EWM Global explains how digital incentive administration supports stability.

Explore how to design fair, effective sponsor incentives in continuation funds to maintain alignment and motivate private equity teams.

Explore the advantages and potential obstacles associated with expanding carry allocations to junior staff.

“The Modern Landscape of Carried Interest” A recap on the discussions that took place during the EWM Global New York Round Table.

The Labour Party’s election has brought new focus on the tax treatment of carried interest. This proposed reform aims to close a perceived “loophole,” sparking debate over tax equity and the UK’s attractiveness as an investment hub.

Across the Financial Services industry, organizations are adjusting to a rapidly evolving Human Resources landscape. Following the global pandemic, there has been a significant shift