Managing Director Aalap Shah, was quoted in the Jan. 30, 2026, Fortune article, “$14 Trillion Asset Manager BlackRock Unveils Its Latest Weapon in Wall Street ‘Alts’ Talent War: Profit-Sharing from Private Markets”, excerpted below.
Generally, the provisions serve a dual purpose, said Aalap Shah, managing director of compensation firm Pearl Meyer.
“The main thing a firm would want to do is keep the team together that they’ve assembled,” he said. The provisions can also serve as “a deterrent” to competitors. “Basically, it’s going to be expensive to steal a team member because they’re going to ask you for a lot of money” to make up for the carry they’re walking away from.
The full Fortune article is available to subscribers.