Funds
I2
II
III
IV
V
COMPANY S***3
COMPANY M***3
COMPANY K***3
COMPANY R***3
TOTAL
Vintage Fund Size (US$ M) Net IRR Net Multiples
Q2'20 Actual Expected Final Net IRR (Base Case) Expected Final Net IRR (Upside Case) Q2'20 Actual Expected Final Net Multiple (Base Case) Expected Final Net Multiple (Upside Case)
2005 $9.0 19% 19% 19% 2.41x 2.41x 2.41x
2006 $32.7 10% 12% 15%3 2.58x 3.5x 4.1x4
2009 $62.5 9% 13% 15%4 2.05x 4.1x 4.8x4
2012 $81.1 28% 34% 37%3 4.99x 20x 27x4
2016 $183.0 6% 20% 23%3 1.17x 8.0x 10.8x4
- $588.1 32% 68% 75% 3.2x 64x 96x
- $19.0 29% 30% 53% 1.8x 4.5x 11.1x
- $11.1 8% 46% 67% 1.15x 7.1x 14.2x
- $12.0 49% 57% 66% 1.57x 89x 149x
- $998.6 22% 46% 50%3 2.85x 42x 63x4

 

1. Based on Preqin ranking from each fund's vintage as of end of December 2019
2. Fund I means Vickers Private Equity Meta Fund I and Vickers incubator
3. Co-investment vehicles; may be in multiple rounds
4. A 25%-50% discount factor has been added to the individual company's upside scenarios as it is less likely for all update scenarios to happen for every company

 

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.