Current equity multiple (Net) = [Total return of capital + Total Income/Interest/Dividend distributions + Fair value of vehicle (NAV)] / Total capital drawn down.
This uses as a numerator the aggregate of the cash flows used to calculate the IRR since inception net and as a denominator the Total capital drawn down since inception (for the avoidance of doubt, not Total capital commitments drawn).
Global Definitions Database
Equity multiple (Net)
Source: INREV | Date: 23 March 2020 | ID: D0151 | Version: 3
Child terms
Equity multiple-net, projected
Current projected net equity multiple from inception to end of vehicle term (net of all taxes, fees and carried interest) per the manager's est...