Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage approach, investors gradually build a diversified portfolio over time.
Once a certain level of maturity has been reached (often around year 7), the first distributions generated by the initial vintages can help finance new capital calls, reducing the need to inject additional capital while maintaining exposure to private equity.
Strategic architecture
Multi-vintage construction
Investors commit annually on a regular basis over several vintages, which helps smooth out economic cycles and avoid concentration on a single entry point.
Overlaying flows
Thanks to the natural time lag between commitments and calls for funds, cash flow mobilization is spread out over the first few years of the trajectory. This makes financing efforts easier to plan and more gradual, rather than concentrated immediately.
Institutional distribution logic
As the first vintages enter the distribution phase, the cash flows generated can gradually contribute to financing future calls. This overlap between the investment and distribution phases helps to stabilize cash flows at maturity.
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 retirement-oriented approach: starting with a target income to determine the trajectory.
A tailored long-term approach: gradual commitments, multi-vintage diversification, institutional logic.
Greater clarity regarding future cash flows: projections can be made in gross or net of income tax, depending on the assumptions used.
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.



