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A VC firm is considering its new $100M fund. The investment has management fees of 2.5 percent per year (on committed capital) for all ten

A VC firm is considering its new $100M fund. The investment has management fees of 2.5 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. GVM is 4.

. What is the VM in numbers?

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