Wendell Brooks is set to reinstate carried interest for Intel Capital investors, a measure removed shortly before he took charge of the unit in 2015.
Intel Capital, the corporate venturing unit of the eponymous US-listed semiconductor and data company, has begun making profit payments again.
In a networking reception at Intel’s headquarters last week, Wendell Brooks, president of Intel Capital and new chairman of the GCV Leadership Society, confirmed a story by Private Equity (PE) News that he was reinstating carried interest, a form of profit sharing for investors if a company is profitably sold or floated.
Intel had done away with carry for its…
