hard · Private Credit & Debt
An institutional investor uses the Public Market Equivalent (PME) method to benchmark a fund. The investor contributed $10M when the S&P 500 was at $3,000 and received a $15M distribution when the index was at $4,500. Calculate the Kaplan-Schoar PME.
- $1.50
- $1.00
- $1.15
- $0.67
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