A 10 -year private equity fund had $200M of committed capital, annual management fees of 2% of committed capital during its whole life. Assume that the fund invested $50M in company A in year 3. The fund realizes its first exit at the end of year 6 by selling company A for $120M. At the time of the sale, the other investments all seem to be doing well. Assume there is no hurdle and that carried is 20% of capital gains and calculated the American way. Should the GP get a carried and if so, of how much? Yes, 9.2M A 10 -year private equity fund had $200M of committed capital, annual management fees of 2% of committed capital during its whole life. Assume that the fund invested $50M in company A in year 3. The fund realizes its first exit at the end of year 6 by selling company A for $120M. At the time of the sale, the other investments all seem to be doing well. Assume there is no hurdle and that carried is 20% of capital gains and calculated the American way. Should the GP get a carried and if so, of how much? Yes, 9.2M