Explanation:
The fund described is most likely a leveraged buy-out (LBO) fund because:
Growth equity funds (Option A) typically take minority stakes in growing companies
Venture capital funds (Option B) invest in early-stage, high-risk companies
Therefore, option C best describes the fund's characteristics.
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A fund manager plans to take a majority stake in a private company with the goal of exiting at a higher valuation after improving the efficiency of the company's business practices. The fund is most likely a:
A
growth equity fund.
B
venture capital fund.
C
leveraged buy-out fund.
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