A Private Equity Fund: I

Multiple Choice

A private equity fund: I.is set up as a limited partnership
II) usually uses a 2/20 fee structure
III) place no constraints on manager compensation
IV) typically have a stated life of 7 to 10 years

A) I and II only
B) I and III only
C) I, II and III only
D) I, II and IV only
E) I, II, III, and IV