(1) Compound annual sales growth starting with the first closed year before the acquisition. If the company is invested on the current year, we use Last Twelf Month Sales, starting the first closed semester before the acquisition.
(1)Gross IRR is calculated with the current investment flows of the funds and taking into account as the final value the value at market price (usually the last transaction) in each company or fund. The IRR of investments with less than one year of life may not reliably show the profitability of the investment.
(2)Net IRR is calculated by subtracting from the gross IRR the theoretical commission of 10% to be charged by the manager on latent capital gains and the 1% management commission. The IRR of investments with less than one year of life may not reliably show the profitability of the investment.
(3)Total Value to Paid-In (present value net of commissions / investment)
The valuation of the companies is based on i) recent transactions that may be of insignificant volume or ii) on initial purchase prices.
Actual investor returns will differ depending on how much and in which funds you have invested. What is shown is the aggregate return of all investors in the fund.
The current value of the portfolio could differ from the liquidation value if you want to sell.