medium · Private Credit & Debt underwriting-credit-analysis
In a private credit fund with a 1.5x leverage ratio (1.50 debt for every1.00 equity), gross assets are $250,000,000.
If the management fee is 1.0% on gross assets, what is the fee as a percentage of net assets (equity)?
- 2.5%
- 2.0%
- 1.5%
- 1.0%
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