Question
1.A PE firm with a $10 billion fund charges a 2 percent management fee for ten years, and 20 percent carried interest on all profits
1.A PE firm with a $10 billion fund charges a 2 percent management fee for ten years, and 20 percent carried interest on all profits and earns a 2x return on its investments, what is the true multiple of investment and IRR for the LP?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
