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Suppose a PENC fund has $283 million in capital and the fund is looking to take advantage of current market conditions by making a large
Suppose a PENC fund has $283 million in capital and the fund is looking to take advantage of current market conditions by making a large purchase for $75 million. OU's endowment fund is a limited partner (LP) with a capital commitment of $18 million. The PENC fund issues a capital call. How much capital will the endowment fund be asked to provide? The answer should be given in $ millions with 2 decimals. For example, $100.52 is $100.52 million
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