Emerging Managers | Firm and Fund Management | Firm and Fund Management
Discussing Portfolio Construction with LPs: The Surface, the Math, the Execution
Portfolio Construction is one of the most complex and underestimated aspects in Venture Capital. It is complex for three reasons:...
Emerging Managers | Investment Strategy | Investment Strategy
BFP #OpenLP Series — How we assess fund investments: (2) MoIC & DPI
What are MoIC and DPI? Multiple on Invested Capital (MoIC) is calculated by dividing the fund’s cumulative realized and unrealized value by the total dollar amount of capital invested by the fund....
Firm and Fund Management
BFP #OpenLP Series (6) — VC Partnership Models: How to Split the Economics
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Emerging Managers | Investment Strategy | Investment Strategy
BFP #OpenLP Series — How we assess fund investments: (4) PORTFOLIO CONSTRUCTION
Having in previous articles in this series looked at performance metrics, we will now turn to other important aspects of our due diligence process. How a VC fund manager plans to construct their fund...
Emerging Managers | Investment Strategy | Investment Strategy
BFP #OpenLP Series — How we assess fund investments: (3) IRR
IRR reflects the Internal Rate of Return, taking into consideration the capital returned and the time at which the capital flows. It is designed to take into account the time value of money, reflectin...
Emerging Managers | Investment Strategy | Investment Strategy
BFP #OpenLP Series — How we assess fund investments: (2) MoIC & DPI
Multiple on Invested Capital (MoIC) is calculated by dividing the fund’s cumulative realized and unrealized value by the total dollar amount of capital invested by the fund. Distribution to Paid-...
Emerging Managers | Investment Strategy | Investment Strategy
BFP #OpenLP Series — How we assess fund investments: (1) TVPI
Total-Value-to-Paid-In-capital (TVPI), or the investment multiple, is calculated by dividing the fund’s cumulative distributions plus its residual value by the amount of paid-in capital (as opposed ...
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