CFA Level I Alternative Investment Features, Methods, and Structures question

Alternative Investment Features, Methods, and Structures sample question

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Alternative Investments

Alternative Investment Features, Methods, and Structures

Marisol Vega is a limited partner in Andean Growth Partners, a private capital fund with USD120 million of committed capital. The fund's investment period has ended, and the partnership agreement now sets the 2.0% annual management fee on invested capital remaining in the portfolio. The fund has called USD90 million, of which USD75 million was invested in portfolio companies, and investments with an original cost of USD15 million have been exited. The annual management fee is closest to: