12, 2013 7:57 PM To: Colagiovanni, Michael Jr. (PWM) Cc: Polk, Lyon L (PWM) Subject: RE: MBZ Analysis Michael, I For Co-Investment Fund II and Co-Investment Fund III, the total management fees are $1,443,317 million and performance fees are $2,022,339 ($3A65 million total). Note the net profit generated from thes