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An endowment invests $$150,060,000$ in WeGrow II$,$ an early$-$stage venture fund with a $20\%$ incentive fee and a $5\%$ preferred return $[$hurdle rate$].$ The fund invests in the following companies $($for simplicity, ignore staged financing and management fees; assume instead that all investments occur at the end of their denoted year$)$:

$\backslash$table$[[$Start$-$up Name,Investment $($Year Invested$),$Harvested $($Year Harvested$)],[$SPE Incorporated,$ $35,010,000(2),$$ $62,010,000(7)],[$NiteID Corporation,$ $20,010,000(2),$$ $300,010,090(9)],[$D$-$Ton Incorporated,$ $15,010,000(2),$$ $8(8)],[$IKL Limited,$ $20,016,000(3),\backslash$table$[[$$ $100,010,090(7)],[$$$125,010,000(10)]]],[$HSL Innovations,$ $25,010,000(3),30(9)],[$SimLife Technologies,$ $35,010,000(4),]]$

Required:

a$.$ Construct a set of yearly cash flows to WeGrow II and to the endowment.

b$.$ What is the IRR to the endowment, net of fees?

Answer is complete but not entirely correct.

Prey

$6$ of $6$

Next

$514$ AM

ENG

$4/19/2025$

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