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A $128m investment partnership has a 23.5% gross return in one year and then liquidates. Fees are 1.5-20 and other expenses are 0.68% of assets.
A $128m investment partnership has a 23.5% gross return in one year and then liquidates. Fees are 1.5-20 and other expenses are 0.68% of assets. $109m of the $128m is LP capital. a. What incentive fee does the GP earn for this year? b. What is the net return to the LPs for this year
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
