Re-Up via Odyssey
The Re-Up program via Odyssey thanks to a consistent annual commitment and a disciplined multi-vintage approach, the company is gradually building up a diversified exposure to private equity.
As older vintages enter the distribution phase, the cash flows generated enable a gradual recovery of liquidity to begin, while maintaining the overall consistency of the strategy.
Strategic architecture
Multi-vintage construction
The company commits to several vintages each year in order to smooth out entry risk and avoid concentration on a single point in the cycle.
Overlaying flows
The natural gap between commitments and capital calls allows cash flow to be spread out over the first few years, optimizing financial management and limiting cash flow lows.
Institutional distribution logic
At maturity, the overlapping of vintages in distribution generates regular cash flows. These distributions can be retained as cash or distributed, helping to gradually rebuild liquid capital at the company level.
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 trajectory planned from the outset: organization of an investment phase followed by a gradual recovery phase.
Enhanced financial transparency: projections available in gross, net of income tax, or net distributable amounts.
Institutional discipline: regular commitments and temporal diversification.
Optimization of long-term cash management.
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.



