CFA Level I sample question

CFA Level I 3. Investments in Private Capital: Equity and Debt question

Alternative Investments / 3. Investments in Private Capital: Equity and Debt

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3. Investments in Private Capital: Equity and Debt sample question

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Alternative Investments

3. Investments in Private Capital: Equity and Debt

A limited partner committed USD60 million to a private equity fund. The fund has called USD45 million. Cumulative distributions are USD18 million, and residual value is USD36 million. Based on called capital, the fund MOIC is closest to:

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