Investment Fund Analysis & Strategy

PwC Closed-Ended fund – Private equity investment Diversification and returns Target return: 25% to 30%. Risk profile/return by investments (total of K€1,000 invested): Key issues Diversification - You can afford to loose. Watch out for IRR in mid-course. Investment cycle - J-curve Bad Alive Ok Good Great Total € invested 200 400 200 100 100 1.000 Payout year 5 0 1x 5x 10x 20x Gross return 0 400 1.000 1.000 2.000 4.400 Net return (200) 0 800 900 1.900 3.400 Investor Cash Flows 1 Harvest Period Investment Period 2 3 4 5 6 7 8 9 10 Capital Calls Distributions Cumulative Cash Flows Years 6

View entire presentation