RLJ Western Asset Management Liquidates Public Private Investment Partnership For Treasury

RLJ Western Asset Management, LP today announced that it has returned substantially all assets of the RLJ Western Asset Public/Private Master Fund (the “RLJ/WA PPIP”). The RLJ/WA PPIP was jointly owned by the U.S. Department of the Treasury (“Treasury”) and private investors. Treasury received $416.8 million of investment gains in addition to the return of $620.6 million in committed capital. These profits represent a 23.9% internal rate of return on Treasury’s equity investment, net of fees and expenses, since the fund’s inception in November 2009 and a 1.67x net multiple on committed capital.