Question: What is a necessary condition for General Partners ( GPs ) to benefit from long - term capital gains tax rates on carried interest? The

What is a necessary condition for General Partners (GPs) to benefit from long-term capital gains tax rates on carried interest?
The fund must generate a minimum IRR of 10%.
The fund must hold its investments for at least three years.
The management fee must not exceed 1.5%.
The hurdle rate must be met annually for at least two consecutive years.

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