Case 2: Building a Venture Fund (Raising from LPs) Your fund is a VC fund in software services sector, where you are a general partner (GP). Your optimal portfolio size 1 is 10 ventures for this current fund of 10MM raised from your LPs. Company={1,2,3,4,5,6,7,8,9,10}ventures After doing Berkus method based due diligence on 100 potential investments, you write checks according to below configuration for each fund. InvestedcapitalI={0.5,1,2,1,0.5,2,1,0.75,0.25,1}MMforF= To your Fund's Limited Partners and investors, you showcase a projected DPI ratio based on your analyses of likely (projected) exit scenarios for the portfolio and exit multipliers for fund's sector: \[ \begin{array}{l} \text { E_pro }\}=\{G S, L, B H, B, G S, B H, H R, B, L, G S\} \\ \text { Exit multiplier per scenario } \\ \{L=0 \\ \text { B }=1.75 \\ \text { BH }=2.5 \\ \text { HR }=18 \\ \text { GS }=50\} \end{array} \] \[ \text { E_act }=\{G S, B H, B, L, B H, H R, B, L, B H, L\} \] 2. Write an update addendum to share fund performance with your LPs and include (12.5 pts): Amount of Capital Returned (\$MM) (actual and differential): Distributed to Paid-In (DPI) Capital Ratio (actual and differential): Combined exit multiple (actual and differential)