hard · Private Credit fund-structures-returns-economics
A private credit fund manager reports a gross portfolio IRR of 12%. The fund has cumulative management fees of $15,000,000, fund expenses of $2,000,000, and carried interest of $20,000,000 on a total committed capital base of $200,000,000. If the total gross value created is $250,000,000, calculate the net MOIC (Multiple on Invested Capital).
- 1.150x
- 1.065x
- 1.250x
- 0.985x
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