Alternative Investment Features, Methods, and Structures CFA Flashcards - Medical Study Cards
Master Alternative Investment Features, Methods, and Structures with Oncourse flashcards. These spaced repetition flashcards are designed for medical students preparing for NEET PG, USMLE Step 1, USMLE Step 2, MBBS exams, and other medical licensing examinations.
Alternative Investment Features, Methods, and Structures Flashcard Deck - 6 Cards
Flashcard 11: In Alternative Investments (Features & Methods), what base is used to calculate management fees for private equity funds?
Answer: Committed capital (the total amount investors pledged to provide), not invested capital.
Flashcard 12: In Alternative Investments (Features & Methods), what is a "side letter"?
Answer: An agreement containing special terms that apply to a specific limited partner but not necessarily to others in the fund.
Flashcard 13: In Alternative Investments (Features & Methods), what are typical characteristics of alternative investments compared to traditional investments?
Answer: More specialized knowledge required, lower correlation with traditional investments, less liquidity, longer time horizons, and larger investment commitments.
Flashcard 14: In Alternative Investments (Features & Methods), what is a "most-favored-nation clause"?
Answer: A provision in a side letter requiring that any special terms offered to other limited partners also be offered to the partner holding the clause.
Flashcard 15: In Alternative Investments (Features & Methods), what are the three broad categories of alternative investments?
Answer: 1\. Private capital (private equity and private debt). 2. Real assets (real estate, infrastructure, natural resources). 3. Hedge funds.
Flashcard 16: In Alternative Investments (Features & Methods), what is "co-investing"?
Answer: An arrangement where an investor contributes to a fund but also has the right to invest directly alongside the fund manager in specific assets.
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