1 The ROI can also be called the Multiple of Invested Capital (MOIC), or Total Value to Paid-In (TVPI).
2 Oaktree Capital Management, You Can’t Eat IRR. As of July 12, 2006.
IRR (Internal Rate of Return) is the discount rate that makes the net present value of all future cash flows zero.
ROI (Return on Investment) is a financial ratio used to calculate the benefit an investor will receive in relation to their investment cost.
Limited Partner the investors into private equity funds which are managed by a General Partner (GP)
Hedge funds and other private investment funds (collectively, “Alternative Investments”) are subject to less regulation than other types of pooled investment vehicles such as mutual funds. Alternative Investments may impose significant fees, including incentive fees that are based upon a percentage of the realized and unrealized gains and an individual’s net returns may differ significantly from actual returns. Such fees may offset all or a significant portion of such Alternative Investment’s trading profits. Alternative Investments are not required to provide periodic pricing or valuation information. Investors may have limited rights with respect to their investments, including limited voting rights and participation in the management of such Alternative Investments.
Alternative Investments often engage in leverage and other investment practices that are extremely speculative and involve a high degree of risk. Such practices may increase the volatility of performance and the risk of investment loss, including the loss of the entire amount that is invested. There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. Similarly, interests in an Alternative Investment are highly illiquid and generally are not transferable without the consent of the sponsor, and applicable securities and tax laws will limit transfers.
Conflicts of Interest
There may be conflicts of interest relating to the Alternative Investment and its service providers, including Goldman Sachs and its affiliates. These activities and interests include potential multiple advisory, transactional and other interests in securities and instruments that may be purchased or sold by the Alternative Investment. These are considerations of which investors should be aware and additional information relating to these conflicts is set forth in the offering materials for the Alternative Investment.
This material is provided for educational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities.
Examples are for illustrative purposes only and are not actual results. If any assumptions used do not prove to be true, results may vary substantially.
THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.
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Date of First Use: December 15, 2022 299804-OTU-1709916