Yield bridge
Definition
An explanation of gross position income, fee bases and net LP cash yield. Fees assessed on revenue and NAV cannot simply be subtracted as percentage points of yield.
Related terms
- NAVNet asset value — the estimated carrying value of the Fund's positions. Not a market price.
- Net LP cash yieldAnnual cash distributed to LPs ÷ capital, after all fees.
Definitions are provided for reference and are not investment, legal or tax advice. Any offer is made only by the Fund's confidential Private Placement Memorandum.