Question
A VC fund raised $200M from financial LPs and 2% management fee for the lifetime of 10 years. The carried interest is 20%. From the
A VC fund raised $200M from financial LPs and 2% management fee for the lifetime of 10 years. The carried interest is 20%. From the investment in several portfolio companies, the VC fund exited from one portfolio firm with $50M. The VC fund invested $20M in the portfolio firm. In a deal-by-deal agreement in the LPA, how much would GPs and LPs receive when the carry basis is committed capital?
GPs =
LPs =
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
