A $150m private market partnership makes four investments over four years.  Three of the investments pay successfully exit while the fourth fails.  Assume that the Fund has a combined $3m of management fees and expenses each year:

T	Calls	Proc
0	20
1	30
2	40
3	30
4
5
6		46
7
8		173
9
10		202

 Required:

1) Is this likely to be a VC fund?

2) What $ carry does the GP receive?

3) Calculate all four performance measures. - GRM. IRR =  NRM = Net IRR

4) How did this Fund perform?

Answer rating: 100% (QA)

1 It is possible that this is a VC fund as VC funds often make m... View the full answer