Juma Ngnoubamdjum · Application for Junior Fund Reporting Manager
Project A Fund VII.
Reporting Case Study.
Ten companies, aggregated cash flows, portfolio performance, the Solarisbank Series E, capital-call allocation and LP economics, reported as of 28 August 2026.
Explore performance ↓Reporting date28 August 2026
Fund reporting map2016 → 2026
Portfolio input10 companies
84.0mInvested capital
Aggregated cash flows
Project A VenturesFund VIIPre Series E
12.0%Gross IRR2.38×Gross MOIC
Executive snapshot
Fictitious portfolio · Gross performance
Post-round Gross IRR
+1.6ppPost-round Gross MOIC
+0.20×Capital call
100% allocatedLP TVPI
Post Series EThe Series E improves both fund-level return measures, while the LP value remains primarily unrealised. The result is attractive, but still dependent on future portfolio liquidity.
01 / Portfolio performance
Pre Series ETen companies.
One fund view.
Switch between invested cost, realised proceeds and residual value to see how each company contributes to the portfolio. You can then inspect return quality below.
Portfolio compositionPre Series E
Total invested capital84.0mNetflix · 26.9%
Aggregated cash flows
Cash flows by
year and type.
Gross IRR12.0%Gross MOIC2.38×
Selected year2026
Invested0.00m
Realised+35.0m
Unrealised+163.3m
Net flow+198.3m
Performance ranking
Portfolio companies
# / CompanyValue statusGross IRRGross MOIC
02 / Deal impact
Solarisbank Series ESeries E
valuation impact.
Post-money valuation and fully diluted ownership translate the round terms into a new holding value, which then flows through to company and fund returns.
Pre-money1.00bn
+Primary investment250m
=Post-money1.25bn
×PA ownership3.80%
=Holding value47.5m
Post Series E47.5m
Project A holding value
Solarisbank IRR15.9%+10.9pp
Solarisbank MOIC2.68×+1.22×
Fund IRR13.6%+1.6pp
Fund MOIC2.59×+0.20×
03 / Capital call
LP allocationCapital call
allocation.
The follow-on investment, management fee and fund expenses are allocated pro rata across ten limited partners.
Total capital call4,650,000100.0%
Series E investment 4.00m · 86.0%Management fee 0.50m · 10.8%Fund expenses 0.15m · 3.2%
Limited partnerShareAllocated capital call
Mark Zuckerberg22%
Warren Buffett15%
Jeff Bezos12%
Larry Ellison12%
Larry Page10%
F. Bettencourt Meyers9.2%
Selected answerElon Musk7.8%
Bill Gates5.9%
Steve Ballmer4.1%
Sergey Brin2%
04 / LP performance
Post Series EFrom paid-in capital
to total value.
Paid-in capital, distributions and residual value are used to calculate DPI, RVPI and TVPI.
+
=
Total value225.50m
Distributions36.70m
Net residual value188.80m
DPI
0.33×Distributed / Paid-inRVPI
1.68×Residual / Paid-inTVPI
2.00×DPI + RVPI05 / Methodology
How the figures
are calculated.
The analysis uses the supplied case data and standard fund reporting formulas. Open each item to see the calculation and assumptions.
01Gross IRR+
XIRR of dated portfolio cash flowsMeasures the annualised return using the timing of investments, proceeds and residual value at the reporting date.
02Gross MOIC+
(Realised value + Unrealised value) / Invested capitalShows total value relative to invested capital. It does not account for timing.
03LP Performance+
TVPI = DPI + RVPIDPI measures distributed value. RVPI measures remaining value. Both are divided by paid-in capital.
04Assumptions+
Reporting date: 28 Aug 2026Only the supplied case data is used. Realised amounts are treated as distributions, and unrealised value is included at the reporting date.
Calculation basis
Gross returns · Dated cash flows for XIRR · Fully diluted ownership · Reporting date 28 August 2026