Net IRR definition

Net IRR of a private equity fund means the Gross IRR applicable to a fund, including returns for related parties which may not pay fees or performance fees, net of management fees, certain expenses (including interest incurred or earned by the fund itself) and realized performance fees all offset to the extent of interest income, and measures returns at the fund level on amounts that, if distributed, would be paid to investors of the fund. The timing of cash flows applicable to investments, management fees and certain expenses, may be adjusted for the usage of a fund’s subscription facility. To the extent that a fund exceeds all requirements detailed within the applicable fund agreement, the estimated unrealized value is adjusted such that a percentage of up to 20.0% of the unrealized gain is allocated to the general partner of such fund, thereby reducing the balance attributable to fund investors. In addition, net IRR at the fund level will differ from that at the individual investor level as a result of, among other factors, timing of investor-level inflows and outflows. Net IRR does not represent the return to any fund investor.

Net IRR of a fund means the Gross IRR applicable to all investors, including related parties which may not pay fees, net of management fees, organizational expenses, transaction costs, and certain other fund expenses (including interest incurred by the fund itself) and realized carried interest all offset to the extent of interest income, and measures returns based on amounts that, if distributed, would be paid to investors of the fund; to the extent that an Apollo private equity fund exceeds all requirements detailed within the applicable fund agreement, the estimated unrealized value is adjusted such that a percentage of up to 20.0% of the unrealized gain is allocated to the general partner, thereby reducing the balance attributable to fund investors.

Net IRR means an aggregate, annual, compound, gross internal rate of return on investments, net of taxes and carried interest on gross profit;

Examples of Net IRR in a sentence

• Given these costs, fees and expenses are in aggregate expected to be considerable, Net MOIC and Net IRR will be materially less than the Gross MOIC and Gross IRR.

• This total reflects committed capital in dollars, adjusted for foreign currency exchange rates, as of the report date.Prepared by Meketa Investment Group20153 Net IRR is net of fees, expenses, and carried interest for each partnership.

• This total reflects committed capital in dollars, adjusted for foreign currency exchange rates, as of the report date.Prepared by Meketa Investment Group20163 Net IRR is net of fees, expenses, and carried interest for each partnership.

• Net IRR was at 6.5% for the quarter, showing no advancement from the previous quarter.

• We have returned $2.3 million to the Maryland State Retirement and Pension System and are at 47.0% Net IRR for MIOF I.

• Net IRR includes the return of residual value and is net of fund expenses (management fees, incentive fees, and operating expenses).

• Net IRR is a time-weighted return that accounts for distributions, contributed capital, manage- ment fees, and unrealized investments.

• Excluding these three projects, the estimated Net IRR for all equity projects21 amounted to 8.5 per cent.Financial performance rated in OPERs/XMRAsFor the evaluated projects in the power and energy sector, financial performance since 2003 has significantly improved, as indicated in Table 5.2. Since 2003, 70 per cent of projects evaluated have had a financial performance rating of Good or Excellent, and none of the projects have had a financial performance of less than satisfactory.

• Net IRR for Investment Horizon Ending 09/30/2006 for Private Equity Funds [From NVCA, 2007] 15Figure 11.

• Net IRR for the aggregate portfolio since inception was 9.25% for the combined legacy and post 2006 portfolios.

More Definitions of Net IRR

Net IRR or ‘unlevered net IRR’ means a loan portfolio’s internal rate of return calculated using expected net core collections for the next 84 months or 120 months, as applicable, subsequent to the date of purchase of the loan portfolio adjusted regularly in line with Gross ERC.

Net IRR means the internal rate of return net of cost to collect. ‘NPL’ means non-performing loan.

Net IRR for Fund I means the gross IRR excluding the effect of uninvested cash but after the deduction of all fees and carried interest borne by investors . The Net IRR including the effect of holding excess cash is 21.1% for Fund I. Unlike other funds, Fund I at times had to hold substantial excess cash for a number of reasons including but not limited to the mechanisms of trading in the bank debt market wherein trades can take 6+ months or longer to settle. No investor cash was at risk while held by Catalyst awaiting use, such as bank trades, and therefore should be excluded so as to allow the reader to compare net returns on an "apple to apple" basis. Catalyst established lines of credit for later Catalyst Funds as to avail this issue on a go-forward basis.

Net IRR for Fund II, III, IV, and V means an aggregate, compounded annually, net internal rate of return earned by investors that includes the deduction of all fees and carried interest. Net IRRs have been calculated by assuming that the remaining interest has been sold as of the reporting date at the unrealized value.

Net IRR means an internal rate of return that is calculated net of all fees, expenses, and performance-based compensation borne by the private fund.

Net IRR means net internal rate of return (post annual management and performance fees, but before tax).