CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

If the IRR of a private equity fund is "net of fees", it means net of:

I. Management fees.
II. Carried interest.
III. Any other financial arrangement that accrue to the GP.
A. I and II
B. I and III
C. I, II and III
Explanation: Net IRR relates cash flows between the private equity fund and LPs.

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