hey ideas101, so: a) 20% goes to the partners aka founders of the fund in most cases. b) The other 80% goes back to the LPs c) Salary is taken from the 2% ma

hey ideas101, so: a) 20% goes to the partners aka founders of the fund in most cases. b) The other 80% goes back to the LPs c) Salary is taken from the 2% management fee. It also covers the very nice expenses, dinners, travel,etc.