In Question 14, what if the fund is structured so that instead of having to return drawn-down
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In Question 14, what if the fund is structured so that instead of having to return drawn-down capital, the manager only needs to return capital that was actually invested in companies (i.e., not including management fees). How would the investment multiple and IRR change?
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Muhammad Umair
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Related Book For 
Venture Capital And Private Equity
ISBN: 9780470650912
2nd Edition
Authors: Josh Lerner, Felda Hardymon, Ann Leamon
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