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PEI · 2024年04月08日

为什么不选b

问题如下:

7 Based on the forecasted environment, liquidity planning should take into account that general partners may:

选项:

A.

call capital at a slower pace.

B.

make distributions at a faster pace.

C.

exercise an option to extend the life of the fund.

解释:

C is correct.

Park notes that the current macroeconomic environment could lead to a bear market within a few years. Liquidity planning should take into account that under a scenario in which public equities and fixed-income investments are expected to perform poorly, general partners may exercise an option to extend the life of the fund.



为什么不选b

1 个答案

pzqa35 · 2024年04月09日

嗨,爱思考的PZer你好:


在经济变差的时候,PE的投资标的往往是更缺钱的,所以PE fund会给它注入更多的资金帮助它去渡过难关,所以此时的capital call会更快,而distribution会更慢,因为钱要给投资标的,而不是撤资把钱给回LP,所以A和B都是牛市的特征,而C说的是延长fund的生命期,也就是限制LP赎回,这个是熊市的特征,因为此时不能随便撤资,因为本身经济不好的情况下,撤资很容易导致整个投资失败。

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