Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage approach, entrepreneurs build gradual 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 additional effort while maintaining exposure.

Strategic architecture
Multi-vintage construction
The entrepreneur commits to several vintages each year, in a regular and structured manner, in order to smooth out cycles and avoid concentration on a single entry point.

Overlaying flows
The gap between commitments and capital calls allows cash flow to be spread out over the first few years, making financing efforts easier to plan at the company level.

Institutional distribution logic
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 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
- Goal-based management: determining theinvestment path based on a target cash flow rather than on the amount invested.
- Greater clarity: projections can be presented on a gross basis, net of corporate income tax, or as net distributable to partners, depending on the parameters selected.
- 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.








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