基金Carry是什么意思？

中文段落：

基金Carry，在私募股权投资领域，是指基金在投资项目退出后，从项目的增值收益中获得的超额收益部分。具体来说，当私募基金投资于一家公司并在一段时间后成功将其推向上市或被其他公司收购时，基金可以从中获得比原始投资更多的资金，这超出的部分就是所谓的“Carry”。这一机制在私募股权领域被广泛采用，作为对基金管理人的激励，鼓励其选择具有高增长潜力的项目进行投资，并为投资者创造更大的价值。

基金Carry的存在，使得基金管理人的收益与投资者的收益紧密挂钩，形成了一种利益共享、风险共担的机制。对于基金管理人而言，他们可以通过Carry获得额外的收益，从而激发其更加积极地寻找和筛选优质项目。对于投资者而言，虽然他们可能面临一定的投资风险，但也有可能获得比传统投资更高的回报。

**英文段落：

In the private equity industry, fund carry refers to the excess returns generated by a fund from the appreciation of invested projects after they are exited. Specifically, when a private equity fund invests in a company and successfully takes it to an IPO or acquisition by another company after a period of time, the fund can receive more funds than the original investment, and this excess amount is known as "carry." This mechanism is widely adopted in the private equity space as an incentive for fund managers to choose projects with high growth potential and create greater value for investors.

The existence of fund carry closely aligns the interests of fund managers with investors, forming a mechanism of shared benefits and risks. For fund managers, they can earn additional returns through carry, motivating them to more actively search for and screen high-quality projects. For investors, while they may face certain investment risks, there is also the potential to achieve higher returns than traditional investments.