With the announcement of Blackbird’s fourth fund in August 2020, all employees have become owners of the management company in addition to receiving carried interest (known as carry) in the funds. This ensures all Blackbird employees share in the upside should the management company and the funds themselves succeed. This practice creates significant long term wealth opportunities for people working at Blackbird, but more importantly, the whole team is incentivised to act as an owner of the business and share in its success.