A VC fund raised $200M from financial LPs and 2% management fee for the lifetime of 10 years. The carried interest is 20%. From the investment in several portfolio companies, the VC fund exited from one portfolio firm with $50M. The VC fund invested $20M in the portfolio firm. In a deal-by-deal agreement in the LPA, how much would GPs and LPs receive when the carry basis is committed capital? GPs = LPs =

Answer rating: 100% (QA)

ANS WER G Ps 10 M L Ps 40 M WORK ING VC Fund 200 M Management Fee 2 Car ried Intere... View the full answer