Annualized Returns of 26%, calculated as of 30 June 2020
What do the returns represent?
IPOGO’s affiliate, IPOGO Advisors, sponsors and forms a single purpose limited liability company to hold the restricted securities of a private company. Qualified investors familiar with the risks and rewards associated with investing in the securities of private companies and able to bear the associated investment risks, including the risk of a loss of their investment, may invest in the securities of such a vehicle. Each such vehicle holds the equity of only one private company. The vehicle is the owner of the shares of the underlying company and the qualified investor owns an interest in the vehicle. We summarize below under “Risks” the risks associated with investments of this type.
From time to time, the private company the securities of which are held in a vehicle may determine to enter into a merger or sale transaction, to undertake a direct listing, to undertake an initial public offering, or to undertake another liquidity event. Not all private companies will undertake an IPO, direct listing, merger or sale, or other liquidity event, and not all such events will result in successful investments. See “Risks” below. In any event, IPOGO has no discretion over any such monetization event. The single purpose vehicles remain in place until such an event occurs.
How should you evaluate these data?
The annualized return information provided below is provided solely for illustrative purposes. For illustration, $10,000 invested in a portfolio with an annualized return of 26% would generate gains equivalent to $2,600 per year. The annualized returns presented are across 159 single-company vehicles in 38 companies that have had exits since 2015, with an average hold period of 17 months. No individual vehicle achieved exactly the average annualized returns. Investments in individual vehicles may have annualized returns and hold periods that are higher or lower than this average.
What is the basis of this presentation?
Information shown regarding realized returns, on a time- and dollar-weighted basis, net of fees, is provided for informational purposes only and is calculated based on exits for those companies that have had exits.