29. Within the leveraged buyout (LBO) fund, whose job is it to analyze, perform due diligence, and actually invest the funds within the LBO fund?

A. Limited partners, by majority vote.

B. Chief financial officer (CFO)

C. Debtholders

D. General partner

30. During the 1980s, investment advisors became more prominent as they began advising high net worth individuals as well as pension funds about the benefits of venture capital investing. What were these investment advisors called?

A. Portfolio Managers.

B. Registered Investment Advisors.

C. Gatekeepers.

D. Brokers.

31. Which of the following statements regarding the details of private investment in a public entity (PIPE) transactions is least accurate?

A. Traditional money managers are one of the investors in PIPEs.

B. Most PIPEs are currently offered with a fixed conversion ratio.

C. Hedge funds invest in PIPEs.

D. PIPEs are not an effective financing tool for new firms.