Re-Up via the Odyssey line
The Re-Up program through the Odyssey portfolio Odyssey through consistent annual investment and a disciplined multi-year approach, the holding company is gradually building exposure to private equity.
Once a certain level of maturity has been reached (often around year 7), the first distributions generated by the initial vintages can help finance new capital calls. The holding company can thus maintain its exposure while gradually reducing the need for additional cash injections.

Strategic architecture
Multi-vintage construction
The holding company makes regular commitments over several vintages in order to smooth out cycles and avoid concentration on a single entry point.

Overlaying flows
Thanks to the natural time lag between commitments and capital calls, the cash flow effort is spread out over the first few years. The trajectory becomes predictable, without immediately tying up the entire amount committed.

Institutional distribution logic
As older vintages enter distribution, the cash flows generated can gradually contribute to financing future calls. This overlap between the investment and distribution phases helps stabilize 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 as gross, net of income tax, or net distributable to partners. The model distinguishes between company-level performance and the impact of a distribution.
Taxation: gains realized are included in taxable income. Any distribution may result in additional taxation at the personal level.
The advantages for investors
- A structured “flow” approach: a path designed based on a target standard of living.
- Greater clarity in the scenarios: projections can be presented on a gross basis, net of corporate income tax, or as net distributable to partners, depending on the assumptions used.
- An institutional discipline: temporal diversification and gradual construction of a mature portfolio.
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.



