Portfolio construction
Fund I · Plan capital and return expectations
Invested capital
$8.2M
67.92% of committed capital
Uncalled capital
$500K
4.17% of committed capital
Portfolio
4
Current investments
Gross MOIC
2.63x
Current value and realized proceeds
Net MOIC
2.06x
Fund TVPI on called capital
Investments
Current positions and planned investments
| Investment | Total invested capital | Current value | Realized proceeds | Forecasted proceeds | Gross MOIC |
|---|---|---|---|---|---|
| $3.4M | $12.7M | $0 | $12.7M | 3.75x | |
| $2.0M | $4.5M | $0 | $6.0M | 3.00x | |
| $2.0M | $3.2M | $0 | $6.0M | 3.00x | |
| $750K | $998K | $0 | $2.3M | 3.00x | |
| Projected portfolio | $8.2M | $21.4M | $0 | $27.0M | 3.31x |
Capital planning
Capital calls, expenses, investments, and reserves
| Capital | Amount | % committed |
|---|---|---|
| $12.0M | 100.00% | |
| Called capital | $11.5M | 95.83% |
| Uncalled capital | $500K | 4.17% |
| $1.3M | 10.86% | |
| $0 | 0.00% | |
| $1.3M | 10.86% | |
| Organizational expenses | $50K | 0.42% |
| Partnership expenses | $173K | 1.44% |
| Management fees | $1.1M | 9.00% |
| $8.2M | 67.92% | |
| Reserved for investment | $2.5M | 21.22% |
Committed capital usage
- Invested to date$8.2M68%
- Management fees$1.1M9%
- Fund expenses$223K2%
- Unallocated$2.5M21%
Sources of total value
- Invested capital at work$8.2M30%
- Unrealized gains$18.8M70%
Returns
Forecasted return metrics using simulation
Total proceeds
$27.0M
Gross, actual and forecast
Carried interest
Not configured
Add the vehicle waterfall terms
Gross MOIC
2.45x
At fund exit
Gross IRR
19.2%
Actual and forecast
Gross fund DPI and TVPI by year
- TVPI
- DPI
- Simulation bands
Solid is the fund to date; dashed is the plan on the stated pacing. The shaded bands use each forecast line’s color and show its 25th–75th and 10th–90th percentiles. Multiples are gross fund performance before carry.
Actual and forecast cash flows by year
- Called
- Carried interest
- Distributed
- Distributed P10–P90
Historical ledger cash flows continue into the forecast. Capital is called as each forecast year needs it; LP distributions and GP carried interest are separate, and the orange band is the simulated distribution P10–P90 range.
Range of simulated outcomes
Final TVPI at the end of the horizon across 2,000 runs, in bins of half a turn.
Gross fund outcomes at fund exit
| P10 | P25 | P50 | P75 | P90 | |
|---|---|---|---|---|---|
| Gross multiple | 0.08x | 0.45x | 1.28x | 2.94x | 5.77x |
| Net IRR | -21.1% | -9.4% | 6.1% | 23.2% | 42.8% |
The simulation uses 2,000 reproducible runs. The range reflects venture write-offs, power-law outcomes, and exit timing.
Deal-by-deal forecast
Investment timing, hold periods, return multiples, and proceeds by investment.
Blank hold periods and return multiples use the fund-wide assumptions. Investment timing must be entered for each planned deal.
| Deal | Invest in | Hold period | Current multiple | Forecast multiple | Actual proceeds | Forecasted proceeds |
|---|---|---|---|---|---|---|
| RouteWise | 2022 | 6 yr | 3.75x | 3.00x | $0 | $12.7M |
| NovaTech | 2023 | 6 yr | 2.25x | 3.00x | $0 | $6.0M |
| AdVantage | 2024 | 6 yr | 1.60x | 3.00x | $0 | $6.0M |
| GreenLeaf Bio | 2024 | 6 yr | 1.33x | 3.00x | $0 | $2.3M |
Year-by-year forecast
Annual actuals, forecast cash flows, and return multiples.
| Year | Period | Called | Invested | Fees & expenses | DPI | RVPI | TVPI |
|---|---|---|---|---|---|---|---|
| 2022 | Actual | $500K | $400K | $325K | 0.00x | 0.35x | 0.35x |
| 2023 | Actual | $1.8M | $1.5M | $275K | 0.00x | 1.09x | 1.09x |
| 2024 | Actual | $8.0M | $6.3M | $275K | 0.00x | 1.33x | 1.33x |
| 2026 | Actual | $1.2M | $0 | $0 | 0.00x | 2.06x | 2.06x |
| 2027 | Forecast | $0 | $0 | $0 | 0.00x | 2.11x | 2.11x |
| 2028 | Forecast | $0 | $0 | $0 | 1.11x | 1.15x | 2.26x |
| 2029 | Forecast | $0 | $0 | $0 | 1.63x | 0.77x | 2.40x |
| 2030 | Forecast | $0 | $0 | $0 | 2.35x | 0.10x | 2.45x |