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Please Include steps if possible- Thank you! Private Partner Ventures is a private equity fund that just formed a new $3.0 billion fund. They recently

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Please Include steps if possible- Thank you!

Private Partner Ventures is a private equity fund that just formed a new $3.0 billion fund. They recently made their first capital call for $300 million. If they use a standard 2/20 fee structure, what is their management fee in the first year? Answer is complete but not entirely correct

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