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UK PE carried interest hits record £5.4bn

UK-based private equity professionals received a record £5.4bn in carried interest and other profit-related payments during the 2024-25 tax year, a 50% increase on the previous year, as managers moved…

  • UK private equity professionals earned £5.4 billion in carried interest in 2024-25 tax year.
  • Carried interest tax rate increased from 28% to 32% in April 2025.
  • 65% of exits were sales to other private equity firms.

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