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 its exposure to private equity.
As the first vintages enter the distribution phase (often around year 7), the flows generated can form a transferable revenue base, while maintaining the overall consistency of the strategy.
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 natural 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 distribution logic
The overlapping of vintages during the distribution phase generates regular cash flows for the holding company when they reach maturity. These distributions can be retained as cash, reinvested, or distributed to shareholders, promoting a gradual and structured transfer of income.
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 transfer organized through the corporate structure: managing cash flows at the holding company level.
- Greater financial transparency: projections can be presented on a gross basis, net of corporate income tax, or as net distributable income, depending on the parameters selected.
- An institutional discipline: regular investments and time diversification to smooth out market cycles.
- Flexibility in deciding between reinvestment, retention, and distribution of cash flows.
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.
