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165****68322022-04-13 23:42:50

请问如何理解原教材的这道题:An investor in a private equity fund is concerned that the general partner can receive incentive fees in excess of the agreed-on incentive fees by making distributions over time based on profits earned rather than making distributions only at exit from investments of the fund. Which of the following is the most likely to protect the investor from the gneral partner rcieveing excess fees? A. a high hurdle rate. B. a clawback provision C. a lower capital committment.

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Evian, CFA2022-04-14 00:49:37

ヾ(◍°∇°◍)ノ゙你好同学,

私募股权基金的投资者担心,LP有限合伙人会担心GP普通合伙人多收IF,在每次计算收益的时候GP会得到IF,这样做会超过约定额度的激励费,LP希望在退出时(一次性分配收益)计算IF。
以下哪项最有可能达成LP的愿望?
A. a high hurdle rate. B. a clawback provision C. a lower capital committment.
应该选B,B可以使GP多拿的IF,退给LP。

课程中有对CFA原版书课后题视频讲解,在“课程大纲-经典题-科目-章节”可以找到
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