Accuracy of NAV calculations for unrealized returns?
Hey WSO,
I've been doing a bit of research into fund performance across vintages and noticed that many LPs report IRRs for recently raised funds (EBITDA number and therefore show quick appreciation in NAV, but other types of funds that are more focused on other return drivers (multiple expansion / carve-outs, consolidation plays, etc) may have a harder time estimating future sale price.