You are a general partner (GP) in a VC firmthat is a "two and twenty shop". Your VC firmmanaged to raise $50,000,000 from thelimited partners (LPs) who require 24% annualreturn from you. If you collect $750,000,000from your investments by the end of year 10,how much carried interest will you receive(from the LPs)$81,462,157$76,280,335$64,055,745$70,740,539

Carried Interest - It is a share of profits that the partners receive as compensation for…

Answered: You are a general partner (GP) in a VC…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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