[Verse 1] Wealthy partners gather 'round the table, checkbooks ready Limited Partners put their millions down, portfolios steady General Partners take the captain's wheel, two percent each year Management fees keep the lights on bright while deals appear [Chorus] Fund-Raise-Invest-Harvest, that's the cycle spinning Fund-Raise-Invest-Harvest, where the wealth beginning Ten years committed, capital called when needed Private equity magic, returns superseded [Verse 2] Fundraising phase can take two years or more, roadshows and presentations Institutional money flows like rivers, pension fund allocations Investment period opens wide, five years to deploy the cash Buying companies, fixing them up, making strategic splash [Chorus] Fund-Raise-Invest-Harvest, that's the cycle spinning Fund-Raise-Invest-Harvest, where the wealth beginning Ten years committed, capital called when needed Private equity magic, returns superseded [Bridge] Twenty percent carried interest, GP's golden prize But only after hurdle rates are cleared before their eyes Eight percent preferred return, LPs get paid first Waterfall distributions, quenching investor thirst [Verse 3] Harvest time arrives at last, portfolio companies shine IPOs and trade sales bloom, turning water into wine Distributions flow downstream, capital plus the gain Multiple expansion, EBITDA growth, sunshine after rain [Chorus] Fund-Raise-Invest-Harvest, that's the cycle spinning Fund-Raise-Invest-Harvest, where the wealth beginning Ten years committed, capital called when needed Private equity magic, returns superseded [Outro] Limited Partnership structure, Delaware formation Tax transparency flowing through each generation Fund-Raise-Invest-Harvest, remember this refrain Private equity fundamentals dancing in your brain
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