Re-Up via Odyssey
The Re-Up program via Odyssey thanks to a consistent annual commitment and a disciplined multi-vintage approach, the holding company is gradually building up its exposure to private equity.
This structuring over time allows for the creation of diversified and organized capital, facilitating the gradual transfer of securities or assets held through the company.
Strategic architecture
Multi-vintage construction
The holding 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 and limiting cash flow lows.
Institutional capitalization logic
The overlapping of vintages during the investment and distribution phases allows capital to be built up over time. This approach, which is similar to institutional endowment strategies, promotes the structured transfer of the holding company's securities or underlying assets.
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 trajectory planned from the outset: gradual organization of capital within the holding company.
Enhanced financial transparency: projections can be made in gross, net of income tax, or net distributable amounts, depending on the parameters selected.
Institutional discipline: regular commitments and temporal diversification to smooth out cycles.
Easier transfer thanks to structured and organized capital within the company.
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.



