Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose a pivate equity fund has the following capital distributions and capital drawdowns. The 2021 flows occur at time zero. Aggregated 2021 Aggregate distributions
Suppose a pivate equity fund has the following capital distributions and capital drawdowns. The 2021 flows occur at time zero. Aggregated 2021 Aggregate distributions 0 Aggregate drawdowns 2022 0 2023 2024 0.0 -35.0 -75.0 -50.0 200.0 0 Suppose the public equity market return over this period is 5% per year. The Public Market Equivalent (PME) for this fund is closest to:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
506 The Public Market Equivalent PME is a measure of the performance of a private equity fund relati...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
