Early Bird Ventures raised Early Bird Ventures I. Its committed capital is $100 million, fund duration is
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Early Bird Ventures raised Early Bird Ventures I. Its committed capital is $100 million, fund duration is 10 years, and investment period is 5 years. Its annual management fee is 2% of committed capital.
- It invested $70 million during the investment period and had no exits. What is the fund's invested capital at the end of Year 5?
- In Year 6, one investment exited at exit value of $10 million. Its cost basis was $5 million. There were no new investments. What is the fund's net invested capital at the end of Year 6?
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