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Please provide the formulas Use the following information: A fund makes only two investments: $5 and $7 million The first one is harvested for $25.

Please provide the formulas

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Use the following information: A fund makes only two investments: $5 and $7 million The first one is harvested for $25. The second one fails and is written off The LPs carried interest is 70%. The GPs carried interest is 30%. Would the GPs have to clawback any cash to the LPs? How much? ANS: Yes, $2.1 million

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