easy · Private Equity
A GP manages a fund where 30% of the LPs are US pension plans subject to ERISA. If the fund's 'plan assets' exceed 25% of the total equity, the GP must comply with strict fiduciary duties. To avoid this, the GP ensures the fund qualifies as a:
- Cayman Island Feeder
- Delaware Statutory Trust
- Venture Capital Operating Company (VCOC)
- Blocker Corporation
Sign up free to see the explanation and track your rank →
More Private Equity practice
- If the actual SOFR rate drops to 0.50%, what is the total interest rate paid by the borrow
- In a European (whole-fund) waterfall, a fund has called $100… — How much 'carried interest
- What is the fund's Total Value to Paid-In (TVPI) multiple?
- What is the new effective conversion price for the growth equity investor?
- What is the maximum debt allowed if the leverage covenant is set at 5.0x Covenant EBITDA?
- If EBITDA remains exactly the same and no debt is paid down, which lever is the sole sourc
- If net debt remained constant at $200M throughout the hold, what was the primary source of
- Which company will report a higher 'Gross Margin' and a higher ending 'Inventory' value on