easy · Private Equity
A GP is raising a 'First-Time Fund' and offers 'Anchor LPs' a 'First-Close Discount.'
If the standard management fee is 2.0%, what might the Anchor LPs pay?
- 2.5% to 3.0%
- No management fee, but 40% carried interest
- A fixed fee of $1M regardless of their commitment size
- 1.5% to 1.75%
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