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After clicking the Add Fund button the new fund is created and the form closes. You can then select the new fund in the filter of the Fund Setup screen and then edit Shareholding, Fund Closing properties, Region and Sector split assumptions and projection assumptions.
Entering Shareholding
Note that the shareholding is entered as an ultimate split per investor regardless whether the holding structure is individual versus via individual GmbH entities or joint GmbH. Reporting by investor splitting by entity type is handled by a separate mechanism and is determined during the fund creation step via the investment vehicle selection.
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Investor based position
For investments held by multiple investors there are two ways to manage the investments
investor based Positions: the cash flows and values are maintained at investor level
Shared investments: the cash flow and values are maintained at investment level and distributed to the investors by a defined percentage.
The shareholding matrix maintains the shares of the different investors.
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Entering projection assumptions
To enter the assumptions used for cashflow projections click on the green button “Fund Projection Assumptions.”
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A more detailed description on the projection model can be found in the cash flow projection documentation
Entering Region and sector splits
To enter the assumptions used for Region and Sector reporting switch to the “Fund Data Input” click on the red button “Region & Sector Split.”
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Note: the input for Region and Sector splits is only used for funds without asset level data. Any fund which has asset level data will always use the underlying industry sector and country allocation of the fund’s portfolio companies to calculate the region and sector allocation of the fund. For funds with asset level data you have the ability to select whether to calculate the weighting for the splits based on either Invested Capital or Unrealized Value (if no input is made then Unrealized Value is the default weighting metric). |
To enter the assumptions used for Region and Sector reporting switch to the “Fund Data Input” click on the red button “Region & Sector Split.”
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Asset Level Data Options
If the asset level data is available and maintained, the fund setup requires
Activate Flag for “asset level data”
decision on “asset level weighting”
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Asset level weighting
The calculation of the values per Asset/Portfolio company can be based on options below. The calculation is used in the Region and Sector allocation and in the Split NAV calculations:
Invested capital: Invested Capital in PortCo/Total Invested Capital Fund Level
Unrealized Value: unrealized Value of PortCo/Total unrealized Value Fund Level