A $$50m$ VC partnership charges a $2\mathrm{.}5\%$ fee for the first four years, a $2\%$ fee for the next four years, and a $1\%$ fee after that $($all applied to committed capital$),$ along with a

standard carry. The Fund invests in six portfolio companies as shown below $($assume pro$-$rata follow$-$on and standard liquidation preference$).$ The only exit is Company

Green, which sells for $$870m$ at $t=11.$

Investments

A$.$ How long does this partnership run and when does its investment period end?

B$.$ What was the Pre$-$$ valuation in Company Green's A$-$round $($table shows $"???")?$

C$.$ Calculate how much this VC invests in the four rounds where the table shows $"???"$

D$.$ What is the Fund's GRM on each of the six companies?

E$.$ Show the Fund's cash flows over its life.

F$.$ Calculate the return multiples and IRRs.

G$.$ How did the Fund perform?