hard · Private Equity pe-core

A private equity fund with $200M in contributed capital has a European-style waterfall with an 8% preferred return (compounded annually) and 20% carried interest with a 100% GP catch-up. After a 5-year hold, the fund distributes $380M in total. Calculate the total carried interest distributed to the General Partner (GP).

  1. $36.0M
  2. $33.4M
  3. $56.0M
  4. $46.0M

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