hard · Private Credit & Debt
A fund with an 8% hurdle and a 20% carry (with a catch-up) has $100M in committed capital. The fund exits for $200M in total distributions in Year 4.
Under a whole-fund waterfall, what is the total dollar amount of carry received by the GP?
- $20.0M
- $28.8M
- $40.0M
- $12.8M
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