hard · Private Equity & LBOs
A fund with an American (deal-by-deal) waterfall realized a 50M profit on Deal 1 and paid 10M in carry to the GP. Deal 2 subsequently loses 30M.
At the end of the fund's life, what is the clawback obligation if no other deals were made and the preferred return is ignored?
- 10.0M
- 4.0M
- 30.0M
- 6.0M
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