Question: A VC with $100 million committed capital is structured as 2% fees and 20% carry on the basis of committed capital. The first exit of

A VC with $100 million committed capital is structured as 2% fees and 20% carry on the basis of committed capital. The first exit of a portfolio company with the VC's investment of $10 million has happened with $50 million in the 5th year from the vintage year of the VC fund. How would this $50 million be divided between GPs and LPs in a deal-by-deal carry structure? GPsshare=$0,LPsshare=$50GPsshare=$50,LPsshare=$0GPsshare=$42.5,LPsshare=$7.5GPsshare=$7.5,LPsshare=$42.5

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