hard · Private Equity
An LP with a $30B AUM targets a 25% private equity allocation. Their current PE NAV is $5B.
If they plan to reach their target NAV of $7.5B over 5 years, what is the approximate steady-state annual commitment required thereafter, assuming an average fund life of 6 years?
- $500M
- $1.25B
- $833M
- $1.50B
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