Advisors compensated purely on fees-for-service have no economic incentive to stay engaged through deal stress. When Pyrrho demands a higher price, when Bredbury's CLN creates a veto risk, when debt markets wobble — fee-based advisors can walk away. Carry-aligned advisors cannot.

The 6–8% advisor carry pool creates a self-reinforcing alignment loop: Huntsmead is incentivised to bring quality LPs (not just any capital), Brown Rudnick is motivated to navigate the Takeover Panel flawlessly (their carry depends on deal completion), RAN Advisory is aligned on pricing discipline (overpaying kills their carry economics), and Shore Capital stays loyal through the scheme process (their carry depends on Board recommendation).

The cost is modest. At a 2.6× exit, 7% of carry = €2.5M spread across 5 advisors. The alternative — losing a €78M exit because an advisor disengaged at a critical moment — is catastrophically more expensive. This is insurance priced as incentive.