Superior Alpha Finance Assignment
- Country :
Australia
"Scandic Pension" commits 150 EURm and "Miami Endowment" 450 EURm commits to the new private equity fund "Superior Alpha" which raises 600 EURm for two investments. The GP agreed with the LPs a 90/10 carry split as well as an annual hurdle rate of 6% with a management fee of 3% on committed capital (payable at the end of each year) as well as a European waterfall including 100?tch-up. The fund was started at the beginning of 2017. The GP does not co-invest into the fund- hence, "Scandic Pension" and "Miami Endowment" are the only stakeholders (according to their commitment amount).
The committed capital was used to finance the following two transactions:
What is the total preferred return forMiami Endowment?
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