Exam 2: T4 2020

Select the correct statement:

I. Carry corresponds to the performance fee paid to the LPs contingent on the achievement of a Fund's annual return above the hurdle rate. II. Private Equity funds have generally a higher level of control over operations than hedge funds. III. Fundraising for PE Firms has been historically weak over the last years, particularly for buyout funds. IV. Venture capital investments almost always use bank debt