What is the value multiple generated by the fund

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The 10-year $400M HiGro Venture Fund is in its seventh year and is fully invested. Distributions to the LPs so far total $426M, and the estimated value of investments still remaining in the portfolio, net of carried interest owed, is $388M. Management fees are 2% per year, and the LPs have paid $8M per year for the last seven years in management fees. What is the value multiple generated by the fund?

Reference no: EM133119745

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