Returns
Measured separately by kind of position, because one blended ratio is not a
number about anything. Dividing all returns by all invested gives
−13.2% on this book —
which only says most of it has not been sold.
Realized equity
2 exited deals — the one place returns against invested is the whole story
As the deal saw it
A roll-over into another deal counts as that deal’s return — it exited.
n/a
n/a on $0 invested
returns $3,870,000 · profit $3,870,000
Outside cash only
Roll-overs netted out: money that only moved between deals is neither.
n/a
n/a on $0 invested
less $0 rolled out · $0 rolled in
Both are correct. The left answers how did the deal do; the right answers
how much cash came back per cash put in. Quoting one without saying which is the error.
Still held
30 active deals — distributions alone cannot measure these
Cash back per dollar in
0.18x
$10,843,331 of $58,710,000
Below 1.0 says where you are in the cycle, not whether the deal is good.
Total worth per dollar in
1.40x
+ $71,217,000 still held
gain over cost $23,350,331
Mark coverage
100.0%
30 of 30 carry a value
The rest are counted at zero, so total worth is understated.
The realized formula on this book would read
-81.5% —
not a loss, just the value you still own being ignored. That is why it is not used here.
Cash, but not an equity return
counted in cash flow and distribution tracking — kept out of the ratios above
| Kind | Deals | Cash received | Why it is not an ROI |
|---|---|---|---|
| Loans | 6 | $1,760,688 | A repayment is principal coming home, not profit. Measured below, against principal. |
| Deposits | 0 | $0 | Placed and returned. Against $0 of “basis” it computes to thousands of percent. |
| Syndication / GP | 0 | $0 | No capital was put in, so there is nothing to divide by. |
Loan book
principal advanced is the denominator — not “invested capital”, which is $0 on most loan rows
Advanced
$8,600,000
Repaid
$900,000
10.5% of principal
Outstanding
$7,700,000
Interest earned
$860,688
10.0% on principal
Set aside: holding rows
1 rows — an ownership stake in a sub-entity, not a deal
Carrying $27,850,000 of value against
$0 of basis. The deals underneath are counted
individually, so counting these too would add the same value twice — it would put
total worth at 2.40x instead of the true figure. Shown here rather than dropped
silently, so this page reconciles to the master.
Same rule the Report Center’s
IRR & MOIC Tracker applies.
Equity is every position that is not a loan, a deal deposit, or a syndication bucket —
read from the deal name, which is the only place the book records the distinction.
Total cash across every kind: $16,474,018.
Per-deal IRR, DPI, RVPI and TVPI live in the
IRR & MOIC Tracker,
which reads the same engine at DEAL grain; this page is per investing-entity row.