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we use 2019 “Core” FRE and apply a 18x-21x multiple; apply 12x multiple on

Ref of the shorter-term volatility. For our SOTP Release House Oversight Committee — Epstein Estate Records (Nov 2025) 1 pages

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we use 2019 “Core” FRE and apply a 18x-21x multiple; apply 12x multiple on

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