Re-Up via Odyssey
The Re-Up program via Odyssey through consistent annual commitment and a disciplined multi-vintage approach, investors gradually build up diversified exposure to private equity.
This time-based structure makes the portfolio easier to understand and, upon maturity, allows for the transfer of organized assets rather than capital concentrated at a single entry point.
Strategic architecture
Multi-vintage construction
Investors commit to several vintages each year in order to smooth out economic cycles and avoid concentrating on a single investment period.
Overlaying flows
The natural gap between commitments and capital calls allows cash flow to be spread out over the first few years, facilitating asset and estate planning.
Institutional capitalization logic
The overlapping of vintages during the investment phase and, later, during the distribution phase, makes it possible to build structured capital. This approach is similar to endowment-type institutional strategies, based on commitment discipline and progressive capitalization.
Steering via simulation
The trajectory can be constructed from:
- Available capital
- Target capital at a given time horizon
- Target income
Projections can be expressed gross or net of income tax. The modeling incorporates capital calls, cash flow troughs, and estimates of future cash flows.
Taxation: gains realized are subject to the applicable capital gains tax regime.
The advantages for investors
- A path carefully planned from the outset: the gradual structuring of capital with a view to its transfer.
- Improved transparency regarding net worth: projections can be presented on a gross or net-of-income-tax basis, depending on the selected parameters.
- An institutional discipline: regular investments and time diversification to smooth out market cycles.
- Easier transfer thanks to capital that is structured and organized over time.
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.
