Assume that sunstorms eig vi 2009 fund closes with


Assume that Sunstorm's EIG VI (2009) fund closes with $12,616million in committed capital and that it is invested 20% each year over 5 years and that EACH investment generates at 2.5x return over an exact 5-year hold period. Also assume that Sunstorm receives management and other fees equal to 2.0% of committed capital for the 5 years and then 1% for the remaining 5 years. (Note: After 5 yrs, management fees are typically 2% of the original investment cost of the remaining investments in the fund; the 1% assumption is simply to keep the math simpler).

The amount of the fees paid to Sunstorm each year for the first five years of Fund VI is _____ (Format $123 million as 123)

Assuming Sunstorm receives carried interest equal to $935 million from this Fund, how much will Iris get if she receives 30 bps of Sunstorm's carried interest?

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Financial Management: Assume that sunstorms eig vi 2009 fund closes with
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