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You are given the following information about a new venture capital fund that is forming: ( a ) Committed capital = $ 9 0 0
You are given the following information about a new venture capital fund that is forming: a Committed capital $ million; b Management fee: of committed capital; c carried interest rate: so limited partners' share of profits general partner's share ; d onethird of capital $ million is called after the fund closes, and another onethird is called after year beginning year if the value of investments made by the VC fund's managers increases by $ million in year and by $ million in year but none of the investments are realized sold calculate the following: a Cumulative invested capital at inception end of year ; b Fund net asset value, end of year ; c Cumulative invested capital at end of year beginning of year
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