— Learn · Tool

Fee & outcome
simulator.

Move the inputs to see how costs and time change what reaches the investor. Every value is yours to set: nothing here describes a Kerdo transaction.

Inputs · example values, not Kerdo terms
EUR
x
yrs
%
%
%
%
Result at exit
Net proceeds€179,560
Net multiple1.80x
Net annual return15.8%
  • Net to investor€179,560
  • Entry cost€2,000
  • Structure costs€2,000
  • Paying agent€400
  • Share of gain€14,040

Gross value of the position at exit: €196,000. Paying agent costs are shown separately from the other structure costs.

If the exit multiple were…
0.5x gross0.47x-17.4% p.a.
1.0x gross0.96x-1.1% p.a.
1.5x gross1.38x8.4% p.a.
2.0x gross1.80x15.8% p.a.
3.0x gross2.63x27.3% p.a.

Illustrative calculation for professional investors. It is not a forecast, an offer or a recommendation, and does not reflect the terms of any series. Costs are simplified: the entry cost reduces the amount invested, annual costs are charged on the amount invested and deducted at exit, and the share of the gain applies to the gain net of costs. Taxes and currency effects are not included. The documentation of each series sets out its actual costs.

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