After determining the next fund's objectives and policies, the professional venture investing cycle's next step is to:

Question

Quizplus · Accepted Answer

Once the objectives and policies of the new fund are determined, the next step is to organize the new fund, which involves setting up legal and administrative structures, such as a Limited Partnership Agreement and a General Partnership Agreement. Therefore, choice B is the correct answer. Choices A, C, and D are not the next steps in the professional venture investing cycle. Soliciting investments, obtaining commitments, and arranging harvest or liquidation are all later steps in the cycle.

After Determining the Next Fund's Objectives and Policies, the Professional