Re-Up via Odyssey
The Re-Up program via Odyssey by investing each year across several vintages, entrepreneurs build up gradual exposure to private equity. Starting with a mature portfolio (around year 7), distributions from the first vintages can help finance future calls, limiting the additional cash flow required.
Strategic architecture
Consistent annual commitment
Regular commitment discipline allows for a smoother entry and avoids concentrated investment in a single cycle.
Time-limited funding effort
As capital calls are progressive, cash flow is mobilized in stages, facilitating financial planning at the company level.
Progressive self-financing of the portfolio
When the first vintages are distributed, the cash flows can help finance new calls while maintaining exposure—and paving the way for a phase of more regular distributions.
Steering via simulation
The trajectory can be constructed from:
• Available capital
• Target capital at a given time horizon
• Target income
Projections may 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: realized gains are included in taxable income. Any distribution may result in additional taxation at the personal level.
The advantages for investors
A structured "non-operational" strategy: building a second asset engine.
Potential cash flows at maturity: can be modeled as gross, net of income tax, or net distributable.
Long-term diversification: exposure to the real economy, less correlated with listed markets.
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.



