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Early Bird Ventures III is a $100 million VC fund with 2% management fees on committed capital and 20% carry after return of committed capital.
Early Bird Ventures III is a $100 million VC fund with 2% management fees on committed capital and 20% carry after return of committed capital.
It invested $80 million in investment capital, and after 10 years of fund life had cumulative exit values of $160 million and no remaining investments.
- What is its gross value multiple at the end of Year 10?
- What is its value multiple at the end of Year 10? (To answer this, you need to figure out the amount of carried interest that GPs of the fund received.)
- What is GP% at the end of Year 10?
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