全都投出去之后呢？

问题如下：

Until the committed capital is fully drawn down and invested, the management fee for a private equity fund is based on:

选项：

A.

invested capital.

B.

committed capital.

C.

assets under management.

解释：

B is correct.

Until the committed capital is fully drawn down and invested, the management fee for a private equity fund is based on committed capital, not invested capital.

对于PE fund ，GP收取管理费的计算基础是committed capital；对于hedge fund，AUM（asset under management）是计算费用的基础。