When a Manager Decides to Skip Performance Fees A VC firm that didn’t charge carry to save a fund’s performance wound up deeply impressing the future chief investment officer of Trinity Wall Street. Meredith Jenkins remembers it well. Related Articles Allocators Argue More Diversity Gives ‘More Ways to Win’ James Comtois Carnegie, Getty Name New CIOs, Filling Two Desirable Endowment Roles Michael Thrasher 6 for 2026: Essential Questions for Investors Sponsored by BNY Investments