Assume Cambridge Ventures raises $10,110,000 for a private equity fund with a one-year life. The fund has
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume Cambridge Ventures raises $10,110,000 for a private equity fund with a one-year life. The fund has a hurdle rate of 4 percent, above which it earns a carried interest of 10 percent.
If Cambridge generates a return of 16 percent, what is the firm’s carried interest for the year?
Related Book For
Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With
ISBN: 9781260716290
7th Edition
Authors: Frederick S. Hillier, Mark S. Hillier
Posted Date: