3 ms·
He also says they invested in 21 companies in the 2004 batch. Which means that 7 other companies returned negligible results. Average investment per company wa
by jimminy 11y ago
He also says they invested in 21 companies in the 2004 batch. Which means that 7 other companies returned negligible results.
Average investment per company was about $5mm.
So we can end up with:
$5mm * 115 = $575mm
$5mm * 82 = $410mm
$5mm * 68 = $340mm
$5mm * 30 = $150mm
$5mm * 21 = $105mm
Total: $1.58B, about $1.5B after losses.
So that comes out toabout a 27% return, using the same math as you, before costs and management fees.
- stupandaus 11y agoThe final results are public information via UTIMCO, so no backdoor calculations are necessary: https://www.scribd.com/doc/277150709/UTIMCO-PrivateMarkets https://www.scribd.com/doc/277150709/UTIMCO-PrivateMarkets UTIMCO invested $22.25m and was returned $280m in cash with $33m still active in investments, resulting in a cash-on-cash return of 12.57x and a 66.7% IRR (after fees). Overall fund size was $125m, so $1.57b cash-on-cash returns for the fund after fees, assuming no LP tiered returns