Early Bird Ventures raised Early Bird Ventures I. Its committed capital is $100 million, fund duration is 10 years, and investment period is 5 years. Its annual management fee is 2% of committed capital.

1. It invested $70 million during the investment period and had no exits. What is the fund's invested capital at the end of Year 5?
2. In Year 6, one investment exited at exit value of $10 million. Its cost basis was $5 million. There were no new investments. What is the fund's net invested capital at the end of Year 6?

Answer rating: 100% (QA)

Fund Status at the End of Year 5 Invested Capital 70 million invested Management Fee 2 100 ... View the full answer