US dollars http://www.marineforum.co.uk/fluticasone-propionate-cream-005-uses.pdf flonase spray 0.05 PE fees are a sweet deal for the managers too.  With the majority of funds, you don’t pay management fees on your invested capital.  That would make too much sense.  You pay on your committed capital.  So if you have $30 million committed to a fund but they only call $500,000 in year one, your 2% management fee is over 100% of invested capital.  Sounds reasonable, right?  Especially when most PE funds can’t outperform a simple small cap value ETF.
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