Perform Manual Carried Interest Reversals

You can manually mark distributions for reversal that were generated by a carried interest agreement. When you run the adjustment process to reverse the distributions, the process performs the same actions for both standard distributions marked for reversal and their associated carried interest distributions:

• Cancels the distribution for the consenting stakeholder and cancels the associated carried interest distribution. The distribution line type is set to Canceled.
• Creates a reversed distribution and reversed carried interest distribution. The distribution line type is set to Reversed.
• Creates a reassignment distribution and reassignment carried interest distribution for reassigning the distributions to a different stakeholder. The distribution line type is set to Reassigned, and the original stakeholder is noted in both distributions.

After running the process, locate the reassignment distribution and assign it to a different stakeholder. The application automatically assigns the stakeholder to the associated carried interest distribution. See Reverse Distributions Manually for instructions on how to run the adjustment process to reverse distributions manually marked for reversal.