Private Partner Ventures is a private equity fund that just formed a new $6.5 billion fund. They recently made their first capital call for $300 million. If they use a standard 3/20 fee structure, what is their management fee in the first year? HINT: Management Fee is paid on committed capital. Management fee Private Partner Ventures is a private equity fund that just formed a new $6.5 billion fund. They recently made their first capital call for $300 million. If they use a standard 3/20 fee structure, what is their management fee in the first year? HINT: Management Fee is paid on committed capital. Management fee