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E firm has a fund of $10 Billion question

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1.     If a PE firm has a fund of $10 Billion and returns 2x their money to LPs and the carry is 20%, the total GP carried interest retained by the General Partners is:

Answer: $2 Billion

why? how?

Mar 3rd, 2015

20% of $10 Billion is $2 Billion 

Mar 3rd, 2015

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Mar 3rd, 2015
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