Shamrock Partners raised its 7th venture fund in 2010 with committed capital of $400M. The limited Partnership Agreement provides for a 2% management fee on committed capital and a 20% carry. The fund has a 10-year life and a 5-year commitment period. Shamrock made 10 investments of $30 million each by 2016 and exited 5 deals with a total cost basis of $150M.

It is now 2019. Calculate the following:

(a) Lifetime fees

(b) Investment capital

(c) Invested Capital

(d) Net-invested capital

Answer rating: 100% (QA)

Committed capital CC 300 million Management Fee 2 of Committed Capital 2300 6mn Carried Interest 20 ... View the full answer