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Victutu · 2020年08月24日

问一道题:NO.PZ2018053101000021 [ CFA I ]

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。

想问一下这三个选项的区别,谢谢
1 个答案

韩韩_品职助教 · 2020年08月25日

嗨,爱思考的PZer你好:


同学你好,invested capital是GP已经投资到目标公司的金额,committed capital是LP承诺给GP投资的金额, assets under management 是GP管理的基金规模,一般多用于HF, 会用fair value来估值计量。


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