Week 3 GSA - 0.0 0.0 0.0-50.0 3.8-50.0 0.0 0.0 0.0-100.0...

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GSA Fee schedule analysis Assumptions Committed capital 500 Return multiple 2.0x Discount rate 15.00% Carry 5.00% Initial fee 0.75% Medium fee 0.38% Final fee 0.19% Fee breakdown Year Drawdown Fees Invested Gross Returns 1 50.0 3.8 46.3 0.0 0.0 0.0 2 100.0 3.8 96.3 0.0 0.0 0.0 3 100.0 3.8 96.3 0.0 0.0 0.0 4 100.0 1.9 98.1 0.0 0.0 0.0 5 100.0 1.9 98.1 0.0 0.0 0.0 6 50.0 1.9 48.1 0.0 0.0 0.0 7 0.0 0.9 0.0 92.5 100.0 92.5 8 0.0 0.9 0.0 192.5 200.0 285.0 9 0.0 0.9 0.0 192.5 200.0 477.5 10 0.0 0.9 0.0 196.3 200.0 673.8 11 0.0 0.9 0.0 196.3 200.0 870.0 12 0.0 0.9 0.0 96.3 100.0 966.3 Sensitivity analysis IRR no GSA IRR with GSA NPV to GPs IRR Differential 0.5x -287.1 -11.7% 14.8 -0.83% 1.0x -212.0 -0.8% 14.8 #VALUE! 1.5x -139.6 6.0% 17.5 #VALUE! 2.0x -67.8 11.1% 20.8 #VALUE! 2.5x 3.8 15.2% 24.2 #VALUE! 3.0x 75.4 18.7% 27.8 #VALUE! 3.5x 146.9 21.8% 31.3 #VALUE! 4.0x 218.3 24.5% 35.0 #VALUE! 4.5x 289.7 26.9% 38.6 #VALUE! 5.0x 361.1 29.1% 42.3 #VALUE! 5.5x 432.5 31.2% 46.0 #VALUE! Gross Return no fees Cummulative Gross Returns Return Multiple NPV to LPs no GSA NPV to LPs with GSA
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Cashflows Carry Net Returns 0.0 0.0
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Unformatted text preview: 0.0 0.0 0.0 -50.0 3.8 -50.0 0.0 0.0 0.0 -100.0 3.8 -100.0 0.0 0.0 0.0 -100.0 3.8 -100.0 0.0 0.0 0.0 -100.0 1.9 -100.0 0.0 0.0 0.0 -100.0 1.9 -100.0 0.0 0.0 0.0 -50.0 1.9 -50.0 0.0 0.0 91.6 91.6 0.9 100.0 0.0 0.0 191.6 191.6 0.9 200.0 0.0 0.0 191.6 191.6 0.9 200.0 173.8 8.7 186.6 186.6 9.6 200.0 370.0 9.8 185.5 185.5 10.8 200.0 466.3 4.8 90.5 90.5 5.8 100.0 11.1% 12.2% Profts on commited capital Cash Fows to LPs Cash Fows to GPs Cash Fow to LP no GSA 0.5x 1.0x 1.5x 2.0x 2.5x 3.0x 3.5x 4.0x 4.5x-400 -300 -200 -100 0 100 200 300 400 500 DiFerental Per±ormance o± LPs wiTh and wiThouT GSA NPV ($) Return MulTples NPV analysis-50.0 3.8 -50.0 -87.0 3.3 -87.0 -75.6 2.8 -75.6 -65.8 1.2 -65.8 -57.2 1.1 -57.2 -24.9 0.9 -24.9 39.6 0.4 43.2 72.0 0.4 75.2 62.6 0.3 65.4 53.1 2.7 56.9 45.9 2.7 49.4 19.5 1.2 21.5 -67.8 20.8 -48.8 Discounted CF to LPs Discounted CF to GPs Discounted CF to LPs no GSA 5.0x NPV to LPs no GSA NPV to LPs with GSA NPV to GPs...
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