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Assume that the DPI of a 10-year fund at the end of its 4th year is 1.2x and that, by that time, $160 million of its $240 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?

Assume that the DPI of a 10-year fund at the end of its 4th year is 1.2x and that, by that time, $160 million of its $240 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Assume that the DPI of a 10-year fund at the end of its 4th year is 1.2x and that, by that time, $160 million of its $240 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?
Transcribed Image Text:Assume that the DPI of a 10-year fund at the end of its 4th year is 1.2x and that, by that time, $160 million of its $240 million committed capital has been called. The fund follows a standard 2/20 fee structure (European way). What has been the total amount of distributions by the fund by the end of its 4th year?
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