hard · Private Credit fund-structures-returns-economics
A growth equity fund invests $8.0 million and targets a 25.0% IRR over a 5-year hold.
If the company is projected to exit at an equity value of $67.5 million, what is the required ownership percentage for the fund, assuming no future dilution?
- 11.9%
- 40.2%
- 25.0%
- 36.2%
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