hard · Private Equity
A PE fund has a European (whole-fund) waterfall structure with a 1.0x capital return hurdle and an 8% compounded preferred return. The fund has called $200M to date for various investments. A single deal, representing $40M of that capital, is sold for $100M.
How much 'carried interest' can the GP distribute immediately from this exit?
- $0
- $20M
- $8.4M
- $12M
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