mate veto right of SAC and therefore may not accurately reflect what the individual performance of the Principals would otherwise have been. 'c For Airvana, the Realized Value reflects amounts from (i) dividend recapitalizations completed in August 2010 and April 2011. (ii) sale of the EVDO division to E

mate veto right of SAC and therefore may not accurately reflect what the individual performance of the Principals would otherwise have been. 'c For Airvana, the Realized Value reflects amounts from (i) dividend recapitalizations completed in August 2010 and April 2011. (ii) sale of the EVDO division to E

and portfolio company ma nagement at the holding company level and may also include other dilutive instruments such as lender warrants (Tekelec and Airvana). Pro forma "Net IRR" and pro Forma "Net MOIC" for Sins funds • Co-invest are an estimated and hypothetical return calculation as co-investment amou

and portfolio company ma nagement at the holding company level and may also include other dilutive instruments such as lender warrants (Tekelec and Airvana). Pro forma "Net IRR" and pro Forma "Net MOIC" for Sins funds • Co-invest are an estimated and hypothetical return calculation as co-investment amou