Augusta Partners raised its fourth venture fund in 2014 with committed capital of $500M. The limited Partnership Agreement provides for a 2% management fee on committed capital and a 20% carry. The fund has a 12-year life and a 5-year commitment period. Augusta made 18 investments of $20 million each by 2019. It has exited 10 of those deals.

Augusta Partners exited 10 deals with a cost basis of $20 million per deal and received proceeds of $500 million. What did the General Partners earn in carried interest?