Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage strategy, the company is gradually building a diversified exposure to private equity.
As the first vintages enter the distribution phase, the cash flows generated can be reinvested, thereby reinforcing the capitalization dynamic and allowing exposure to be maintained over time.
Strategic architecture
Multi-vintage construction
The company commits to several vintages each year, in a consistent and structured manner, in order to smooth out economic 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, optimizing financial management at the company level.
Institutional capitalization logic
Distributions from older vintages can be reinvested in new commitments. This approach, similar to endowment strategies, promotes gradual growth of invested capital.
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 benefits for the customer
A long-term capitalization strategy: gradually building up private equity capital.
Institutional discipline: regular commitments and temporal diversification.
Financial clarity: projections can be made in gross, net of income tax, or net distributable amounts, depending on the parameters selected.
Efficient use of surplus cash.
This document is for informational purposes only and does not constitute investment advice or personalized recommendations. Private equity involves a risk of capital loss and long-term illiquidity.
