Question
Assume that the DPI of a 10-year fund at the end of its 4th year is 1.1x and that, by that time, $150 million of
Assume that the DPI of a 10-year fund at the end of its 4th year is 1.1x and that, by that time, $150 million of its $200 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
