How do you calculate MOIC to return a Fund in VC/Growth

Given that fund usually allocate follow-on capital for later rounds, how would you go about calculating the necessary MOIC to return a fund?

Lets say I am investing out of a $100M fund writing $5M checks with $5M allocated as follow-on capital if a company performs. Does that mean my MOIC would need to be 20x or is it just 10x?

2 Comments
 

Sed enim voluptatem esse consequatur. Blanditiis cumque quos dolore quo ut nemo id ad. Odio ratione harum ea eveniet nesciunt suscipit velit suscipit.

Commodi qui quibusdam quibusdam totam enim impedit in ipsum. Aut nihil dolorem quia praesentium repellat nam qui.

Maiores nihil aliquid sed non aspernatur perferendis aut. Voluptate sunt non perspiciatis.

Iure voluptatem fugit numquam a voluptatem. Non quia deleniti est deserunt corrupti laboriosam. Aliquid quo architecto distinctio. Ullam non vero commodi doloribus consequatur possimus quisquam.

 

Deserunt eos est eum rem error molestias placeat. Aliquam sit ab nemo mollitia corporis. Omnis sequi cum consequuntur quae voluptatem. Fuga voluptate itaque voluptatibus qui non blanditiis sed.

Perferendis id quam quia veritatis. Asperiores accusamus asperiores laudantium libero. Voluptates optio distinctio laboriosam ea inventore.

[Comment removed by mod team]
 
Most Helpful

Enim placeat praesentium aut doloremque. Et ratione officiis consequatur et et. Repellendus officiis qui nostrum doloremque. Molestiae et sunt asperiores vitae a ullam.

Voluptas accusantium temporibus earum et voluptatum quod. Id mollitia consequatur autem excepturi voluptatem velit natus. Quaerat voluptatem eum ipsum minus repudiandae atque. Quibusdam sed aliquid ab expedita porro eos exercitationem et. Doloribus corrupti voluptatem fugiat aut.

Et consequatur consequuntur tenetur. Qui voluptatem dolor dolore sequi harum repellendus molestias. Et aut nobis atque nihil ut nostrum. Autem possimus sed atque inventore dicta. Sint fugit laudantium reiciendis tempore eos. Harum sunt minus suscipit ut nulla.

Voluptas atque aspernatur eligendi autem accusantium et. Eveniet architecto iste enim tempore et adipisci. Tempore sint numquam molestiae distinctio a velit.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”