Instrument Performance

Target and Current Fund Performance

When a fund is in its initial fundraising phase (open), it will not have current or historical performance data, but target performance statistics will be available. Once the fund is closed, quarterly Net Asset Value (NAV) updates will typically be provided, which will reflect the current performance of the fund.

Target Performance

Property	Description
IRR	This is the projected Internal Rate of Return (IRR), based on the median performance of underlying funds.
MOIC	This is the projected Multiple On Invested Capital (MOIC), derived from the median MOIC of the underlying funds.

Current Performance

Property	Description
NAV	The latest Net Asset Value of the fund.
IRR	The Internal Rate of Return calculated up to the most recent date since the inception of the fund.
MOIC	The current Multiple On Invested Capital.
RVPI	The Residual Value to Paid-In Capital as of the latest update.
DPI	The Distribution to Paid-In Capital based on the most recent calculation.
TVPI	The Total Value to Paid-In Capital as per the latest update.
Last Updated Date	The date of the most recent update to the performance data.

{
  "performance": {
    "current": {
      "nav": {
        "value": 1000000000,
        "currency": "USD"
      },
      "irr": 22.0,
      "moic": 2.0,
      "tvpi": 2.0,
      "dpi": 2.0,
      "rvpi": 2.0,
      "last_updated": "2019-08-24"
    },
    "target": {
      "irr": 22.0,
      "moic": 2.0
    }
  }
}