medium · Private Credit & Debt fund-structures-returns-economics
A fund's limited partnership agreement specifies a 'European' distribution waterfall with an 8% hurdle and a 100% GP catch-up.
If the fund has called $100M, and the first exit generates $120M in proceeds, how much carried interest does the GP receive at this stage?
- 0
- 4M
- 12M
- 2.4M
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