Funds
I
II
III
IV
V
COMPANY S***
COMPANY M***
COMPANY K***
COMPANY R***
TOTAL
Vintage Fund Size (mil) Net IRR Net Multiples
Q3'19 Net IRR Expected Final Net IRR (Base Case) Expected Final Net IRR (Upside Case) Q3'19 Multiple Expected Final Net Multiple (Base Case) Expected Final Net Multiple (Upside Case)
2005 $9.0 19% 19% 19% 2.51x 2.6x 2.6x
2006 $32.7 11% 12% 15% 2.58x 3.5x 4.4x
2009 $62.5 10% 15% 19% 2.12x 5.4x 7.7x
2012 $81.1 31% 44% 51% 5.16x 42x 74x
2016 $183.0 7% 18% 23% 1.15x 8.0x 10.6x
N.A $588.1 40% 68% 75% 3.2x 32x 96x
N.A $15.0 52% 30% 53% 1.2x 3.2x 5.3x
N.A $11.1 17% 46% 67% 1.15x 5.7x 11.5x
N.A $12 98% 58% 66% 1.55x 109x 181x
N.A. $998.6 27% 46% 51% 2.88x 44x 67x

 

a. Fund I means Vickers Private Equity Meta Fund I and Vickers incubator
b. Co-investment vehicles; may be multiple rounds
c. A 25%-50% discount factor has been added to the individual company's upside scenarios as it is less likely for all upside scenarios to happen for every company
d. 4 years extension to the fund

 

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.