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.