Tag: RVPI
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A Performance Matrix Without Context, Is Just a Number
The same fund can produce several valid IRRs. LP, GP, gross, net, leveraged and unleveraged performance all answer different questions. Before comparing the numbers, we need to understand their context.
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Episode 7: Rethinking Performance Metrics
Performance cannot be understood through a single metric. This episode reframes returns through time, compounding, and structure, using three diagrams to clarify how investors should compare results.