Private Equity

Former HgCapital exec sues firm over carried interest

Dispute centres on decision to cut carry by 72% after partner Alex King resigned in October 2013

Former HgCapital exec sues firm over carried interest

A former partner at London-based private equity firm HgCapital has launched a legal case over carried interest that he says he is entitled to following his resignation from the firm.

The case centres on the contentious issue of how much profit private equity partners who have left a firm should receive for deals they worked on while an employee.

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