Sun Ventures II is a 10-year VC fund with committed capital of $150M, annual management fee level
Fantastic news! We've Found the answer you've been seeking!
Question:
Sun Ventures II is a 10-year VC fund with committed capital of $150M, annual management fee level of 2%, and fee basis of committed capital. Suppose it made investments totaling $15M in Year 1, $20M in Year 2, and $25M in Year 3. Assume all investments/exits/fee payments are made on the first day of each year.
What is its contributed capital as of the end of Year 3?
Related Book For
Posted Date: