Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage approach, investors gradually build exposure to private equity.
Starting with a mature portfolio (often around year 7), the first distributions from the initial vintages can help finance new capital calls, reducing the need for additional capital injections while maintaining exposure.
Strategic architecture
Consistent annual commitment
Investors commit to several vintages each year, in a regular and structured manner, in order to smooth out economic cycles and avoid concentration on a single entry point.
Time-limited funding effort
The gap between commitments and calls for funds allows cash flow to be spread out over the first few years, making the financing effort more compatible with the household's budget balance.
Progressive self-financing of the portfolio
When the first vintages enter the distribution phase, the cash flows generated can gradually contribute to financing future calls. The overlap between the investment and distribution phases promotes more stable cash flow dynamics at maturity.
Steering via simulation
The trajectory can be constructed from:
- Available capital
- Target capital at a given time horizon
- Target income
Projections can be expressed gross or net of income tax. The modeling incorporates capital calls, cash flow troughs, and estimates of future cash flows.
Taxation: gains realized are subject to the applicable capital gains tax regime.
The advantages for investors
- A goal-oriented approach: tailoring theinvestment plan based on a target family income rather than simply on the amount invested.
- Greater clarity: projections can be presented on a gross or net-of-income-tax basis, depending on the selected parameters.
- Institutional discipline: regular commitments and temporal diversification to smooth out cycles.
The graphic illustration or result presented is not a reliable indicator of future performance. The evolution of values may differ from what is shown, either upward or downward. Gains and losses may exceed the amounts shown in the most favorable and most unfavorable scenarios, respectively. Past performance is not indicative of future results. The applicable tax treatment depends on your individual circumstances. The Re-up program does not constitute an automatic subscription offer or a contractual commitment. Annual subscription to a new Vintage the Odyssey range Odyssey entirely optional and must be the subject of a separate investment decision, based on the regulatory documents of the fund concerned and the individual circumstances of the investor.
