Assume that Sunstorm's EIG VI (2009) fund closes with $10B in committed capital and that the entire amount is immediately called. One billion dollars is reserved for fees and the remaining $9 billion is invested in one irresistible investment. That investment is sold for a 2.8x multiple after exactly 5-years.
If there is a 5% hurdle rate for the fund, what are the proceeds to the LPs?