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Do Fund Managers Typically Include Gross or Net Returns in Returns and Liquidity Slides?

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May 03, 2023
For returns and liquidity slides do fund managers usually include gross returns (after fees) or Net returns (after fees and 20% carry)?
1 answer
Accepted Answer
May 03, 2023
Usually Net because it’s designed to give the LP a sense of what the return on their capital will be.

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