Inputs

Management fee 2%
Hurdle rate 8%
Carried Interest 30%
Committed Capital (mln. 400
Percentage Mangers (GPs 2%
Outputs
Committed Capital 400
Capital at the end 1792

investment period divestment period

draw-downs
years 1 2 3 4 5 6 7 8 9 10

(+) draw-downs 100 200 100 0 0 0 0 0 0 0

(-) investment 80 190 130 180 310 360 100 200 50 0
(+) divestment 0 0 40 200 320 370 100 250 500 600
(-) management fee 8 8 8 8 8 8 8 8 8 8
cash 12 14 16 28 30 32 24 66 508 1100

Case 1: Global IRR Return for Investors and Managers

Fund Global IRR 348%
Net Global IRR 340% Gross return for managers (GPs) ###
Carried interest 102% Gross return for investors (LPs) 346.0%
For managers (GPs) 408 Yearly return for managers (GPs) 48.17%
For investors (LPs) 1384 Yearly return for investors (LPs) 14.73%

Case 2: Yearly IRR Yearly return for Investors and Managers

Fund Yearly IRR 16.2%
Net yearly IRR 8.2% Gross return for managers (GPs) ###
Carried interest 2.45% Gross return for investors (LPs) ###
For managers (GPs) 122.2335099 Yearly return for managers (GPs) 31.34%
For investors (LPs) 1669.76649 Yearly return for investors (LPs) 17.13%

Chart for IRR 1 2 3 4 5 6 7 8 9 10

IRR -400 0 0 0 0 0 0 0 0 0

Investment GPs -8 0 0 0 0 0 0 0 0 0
Case1
Investment LPs -100 -200 -100 0 0 0 0 0 0 0

Investment GPs -8 0 0 0 0 0 0 0 0 0
Case2
Investment LPs -100 -200 -100 0 0 0 0 0 0 0
 extra

11 Total

400
1600
700 3080
8 88
1792

11
1792

408
1384

122.2335099
1669.76649