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2 a . ( 1 0 points ) As a limited partner, you committed $ 1 , 0 0 0 to a 1 0 -
a points As a limited partner, you committed $ to a year private equity fund. The first capital call for $ came one year after the creation of the fund and it was completely invested in a portfolio company. The second capital call for $ came two years after the creation of the fund and it was completely invested in a portfolio company. Since there were no management fees, you were promised a compound return on your entire investment for as long as it was invested. The portfolio companies you were invested in were at time the end of the funds life. The first purchased was sold for X the purchase price and the second purchased was sold for X the purchase price. The agreed split of the carried interest was to the GP and to the LP How much cash will you receive at time What is your IRR?
b points After the LP has signed the LP agreement with all its details, what are the biggest uncertainties that will affect the cash the LP will receive at time Answer this for each of the three phases in the timeline we drew for the life of the fun
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