medium · Private Equity pe-core
A GP is raising $2.0B for Fund Beta and is required by LPs to provide a 3% GP commitment. The GP partners decide to fund 50% of this commitment via cash from personal net worth and the remaining 50% through a management fee waiver.
What is the total dollar amount of cash the GP partners must actually contribute to the fund?
- $20M
- $60M
- $15M
- $30M
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