Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage strategy, investors gradually build diversified exposure to private equity.
As the first vintages enter the distribution phase, the cash flows generated can be reinvested in new commitments, thereby reinforcing the capitalization dynamic.
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 gap between commitments and capital calls allows cash flow to be spread out over the first few years, optimizing asset management and limiting cash flow lows.
Institutional distribution logic
Distributions from older vintages can be reinvested in new commitments. This approach, similar to institutional endowment strategies, promotes gradual growth of invested capital.
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 benefits for the customer
- A long-term accumulation strategy: the gradual build-up of private equity capital.
- An institutional discipline: regular commitments and temporal diversification.
- Financial transparency: projections can be presented on a gross or net-of-income-tax basis, depending on the parameters selected.
- Structural asset diversification within the real economy.
The chart or results shown are not a reliable indicator of future performance. Actual returns may differ from those shown, either upward or downward. Gains and losses may exceed the amounts shown in the most favorable and least favorable scenarios, respectively. Past performance is not indicative of future results. Applicable tax treatment depends on your individual circumstances. The Re-up program does not constitute an offer of automatic subscription or a contractual commitment. Annual subscription to a new Vintage the Odyssey series Odyssey entirely optional and must be the subject of a separate investment decision, based on the regulatory documents of the relevant fund and the investor’s individual circumstances.
