13.91x return. It doesn't appear all capital was called, but assuming it was, on a $100m fund the return is is $1,391m. Assuming 2/20 economics for the partne

13.91x return. It doesn't appear all capital was called, but assuming it was, on a $100m fund the return is is $1,391m. Assuming 2/20 economics for the partners, that's $278.2m returned to the partners. 2% MGMT fees would be 2m/year over 10 years ($20m), but that probably had nuance (drawdown after $x years, or % of called capital) and/or had to be paid back, so let's ignore that. Assuming Brad and Fred each split the carry 40% 40% (and 20% for other people) that's about $100m return to each of the two major partners. Nice return for delivering a great LP shareholder return on a reasonable timeframe.