A $400m PE Fund:

Has 99% of the Fund called (which equals .99*400) = $396m in Calls;

Has a Net Return Metric (NRM) of 1.55 (so Distributions are equal to 1.55 * 396 = $613.8m); and

Has a Carry of 20% (or .2).

What is the total amount of Proceeds to the PE Fund based on the above information?

*there has to be a way to back into this answer! Help is very much appreciated.