题目
Fill in the blanks with the correct words: An American waterfall distributes performance fees on a(n) ___________ basis and is more advantageous to the ___________.
选项
A.deal-by-deal; LPs
B.aggregate fund; LPs
C.deal-by-deal; GP
答案
C
解析
C is correct. American waterfalls, also known as deal-by-deal waterfalls, pay performance fees after every deal is completed and are more advantageous to the GP because they get paid sooner (compared with European, or whole-of-fund, waterfalls). ：C是正确的。美国瀑布，也称为逐笔交易瀑布，在每笔交易完成后支付绩效费用，对GP更有利，因为他们更快获得支付（与欧洲或整个基金瀑布相比）。