Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage approach, investors build gradual 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
Investors commit to several vintages each year, in a regular 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, limiting the low point in cash flow and making the trajectory easier to read.
Institutional distribution logic
The overlapping of vintages during the distribution phase allows for the generation of regular cash flows upon maturity. These distributions can be directed to designated beneficiaries, promoting a gradual and organized transfer of income.
Steering via simulation
The trajectory can be constructed from:
• Available capital
• Target capital at a given time horizon
• Target income
Projections may be expressed gross or net of income tax. The model includes capital calls, cash flow troughs, and estimates of future cash flows. Taxation: gains realized are subject to the applicable capital gains tax regime in force.
The advantages for investors
A gradual transfer: organizing cash flow rather than a single transfer of capital.
Enhanced financial clarity: projections can be made in gross or net of income tax, depending on the parameters selected.
Institutional discipline: regular commitments and temporal diversification to smooth out cycles.
Flexibility in the organization of transferred assets.
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.
