Suppose a PE/VC fund has $283 million in capital and the fund is looking to take advantage of current market conditions by making a large purchase for $75million. OU's endowment fund is a limited partner (LP) with a capital commitment of $18 million. The PE/VC fund issues a capital call. How much capital will the endowment fund be asked to provide? The answer should be given in $millions with 2 decimals. For example, $100.52 is $100.52 million.

Suppose a PE/VC fund has $283 million in capital and the fund is looking to take advantage of current market conditions by making a large purchase for $75million. OU's endowment fund is a limited partner (LP) with a capital commitment of $18 million. The PE/VC fund issues a capital call. How much capital will the endowment fund be asked to provide? The answer should be given in $millions with 2 decimals. For example, $100.52 is $100.52 million.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 2FPE

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