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A VC firm closed its new $200M fund with management fees of 2.0 percent per year (on committed capital) for all ten years. The fund

A VC firm closed its new $200M fund with management fees of 2.0 percent per year (on committed capital) for all ten years. The fund would receive a 25 percent carry with a basis of all committed capital. Total exit value from its investments in portfolio companies reached $500 million.

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