2.3 A VC firm is considering two different structures for its new $250M fund. Both structures would have management fees of 2 percent per year (on committed capital) for all 10 years. Under Structure I, the fund would receive and 30 percent carry with a basis of all committed capital. Under Structure II, the fund would receive a 20 percent carry with a basis of all investment capital. For a given amount of (total) exit proceeds =$500M, solve for the amount of carried interest under both structures. a. How much is the carry amount under each structure? How much is distributed to LPs under each structure? b. For what amount of exit proceeds would these two structures yield the same amount of carried interest