Carried Interests In Secondary Funds
Hey Guys, I was wondering how is carried interest structured in secondary funds (direct investments, portfolio restructuring, LPs share acquisitions) ? I guess that since IRR are higher but CoC lower (since they invest over a shorter period), the hurdle (generally 8% in PE funds) is also lower? How much is it? And then what about the 20/80 split? Is is still the same? As an investment team member, what kind of multiple can you expect on your invesment then? Thanks a lot
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