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.

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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

• Percent of Total Program Allocated: TBD Core Subordinate Debt Definition: TBD Maximum LTV: TBD Minimum DSCR: TBD Minimum Term: TBD Maximum Term: TBD Minimum Projected Net IRR: TBD In the normal course of loan production activities for Lender, the Origination Fee due Principal will be payable from “borrower-paid fees” (see below) collected in connection with new mortgage loan originations.

• In order for the Restricted Stock Units to vest pursuant to Section 5(a) of the Agreement, (a) Net IRR to the Initial Investors in the Strategic Sale Event must be 6.0% or more and (b) Net MOIC to Initial Investors in the Strategic Sale Event must be 1.50x or more.

• Percent of Total Program Allocated: TBD Core Subordinate Debt Definition: TBD Maximum LTV: TBD Minimum DSCR: TBD Minimum Term: TBD Maximum Term: TBD Minimum Projected Net IRR: TBD FOR PURPOSES OF THIS EXHIBIT, THE PHRASE “PRINCIPAL’S KNOWLEDGE” AND OTHER WORDS AND PHRASES OF LIKE IMPORT SHALL MEAN, EXCEPT WHERE OTHERWISE EXPRESSLY SET FORTH BELOW, THE ACTUAL STATE OF KNOWLEDGE OF PRINCIPAL REGARDING THE MATTERS REFERRED TO HEREIN.

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 a rate of return equal to the specified percentage per annum compounded annually on all Capital Contributions for funding investments and expenses (computed from the due dates specified in the applicable Capital Call Notices until the relevant dates on which amounts representing any such Capital Contributions and the return thereon are distributed or are deemed to have been distributed); provided that such Capital Contributions shall be deemed returned on a “first-in, first-out” basis.

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