Funds
FUND I*
FUND II
FUND III
FUND IV
FUND V
CO-INVESTMENT 1
CO-INVESTMENT 2
CO-INVESTMENT 3
CO-INVESTMENT 4
CO-INVESTMENT 5
TOTAL (EXCL. FUND V)**
Vintage Fund Size (mil) Net IRR Net Multiples
Q3'18 Net IRR Expected Final Net IRR (Base Case) Expected Final Net IRR (Upside Case) Q3'18 Multiple Expected Final Multiple (Base Case) Expected Final Multiple (Upside Case)
2005 $9.0 19% 19% 20% 2.5x 2.6x 3.0x
2006 $32.7 11% 13% 15% 2.5x 3.8x 4.9x
2009 $62.5 9% 14% 20% 1.7x 3.6x 6.4x
2012 $81.1 37% 44% 59% 5.1x 43x 125x
2016 $183.0 2.2% N.A. N.A. 1.03x N.A. N.A.
2012 $25.1 84% 71% 88% 37x 371x 1109x
2014 $153.1 34% 45% 62% 3.6x 36x 108x
2016 $439.9 4% 52% 85% 1.01x 10x 30x
2017 $10.0 17% 14% 27% 1.14x 3.3x 5.5x
2018 $6.7 N.A. 13% 29% 1.00x 2.9x 4.8x
N.A. $820.1 31% 40% 52% 3.1x 28x 83x

 

* Fund I means Vickers Private Equity Meta Fund I and Vickers incubator
** Fund V projections are not available until portfolio is fully constructed.

 

INVESTMENT PERFORMANCE - DPI

 

1 - If a fund has not yet reached the relevant number of years after final close, the fund’s DPI will not be taken into account.