Payouts are carry and capital accounts

This job is carry and capital accounts — not a prop profit-split. Carry is preferred return, then catch-up, then carry on called capital. The percentages hang on the fund vehicle. Unmarked stays unmarked. Partner K-1 is the capital-account rollforward — called minus distributed plus carry income. Capital-call logs sit beside that rollforward. Neither is a tax-prep add-on SKU, 704(b) book-up, or a percent-of-fund-size admin fee. Opening the book is $0 — not a timed trial. Connected prop accounts are a different door: /holdings/for/prop-traders. AI model sleeves on /holdings/fund#sleeves are not prop payouts.

Payouts · Fund admin · Prop desk · Sample fund book · Open the book — $0 · Holdings pricing. Open carry. Come as you are is $0. Marks are not NAV.