Shamrock Partners raised its 7th venture fund in 2010 with committed capital of $400M. The limited Partnership Agreement provides for a 2% management fee on committed capital and a 20% carry. The fund has a 10-year life and a 5-year commitment period. Shamrock made 10 investments of $30 million each by 2016 and exited 5 deals with a total cost basis of $150M. It is now 2019. Calculate the following:

(a) Lifetime fees (5 Points)

(b) Investment capital (5 points)

(c) Invested Capital (5 points)

(d) Net-invested capital (5 points)

Use the facts from the question above. Shamrock exited 5 deals with a cost basis of $100 million and received proceeds of $500 million. What did the General Partners earn in carried interest? How much profit did the Limited Partners make? General Partner Carry: Limited Partner Profit: