Crystallization (Carried Interest)

Fixing a general partner's accrued carry at a point in time so that it is locked in, rather than left subject to how the fund performs afterwards.

Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.

See also

Carried InterestThe general partner's share of a fund's profits, paid once investors have had their capital back and any hurdle rate in the LPA has been met.
Continuation FundA new partnership formed to buy one or more assets from an existing fund run by the same general partner, with investors electing to sell their interest, roll it into the new vehicle, or both; the new vehicle has its own agreement, so terms negotiated for the original fund apply only where they are written into it again.
WaterfallThe formula that determines how a fund's distributions are split between LPs and the GP, governed by the hurdle rate and carried-interest terms in the LPA.