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  • Yale Endowment IRR

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    yale irr

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    yale irr

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    5 views6 pages

    Yale Endowment IRR

    Uploaded by

    sukses
    yale irr

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Investor Investor Investor Company Investor

    Investment (-) Distribution (+) NCF NAV Cum (-)


    1990 -100 0 -100 100 -100
    1991 -100 0 -100 200 -200
    1992 -100 0 -100 300 -300
    1993 -100 0 -100 400 -400
    1994 -100 500 400 0 -500
    1995 -100 500 400 -400 -600
    1996 -100 500 400 -800 -700
    1997 -100 35 -65 -735 -800
    1998 -100 35 -65 -670 -900
    1999 -100 35 -65 -605 -1000
    2000 -100 35 -65 -540 -1100
    2001 -100 35 -65 -475 -1200
    2002 -100 35 -65 -410 -1300
    2003 -100 35 -65 -345 -1400
    2004 -100 35 -65 -280 -1500
    2005 -100 35 -65 -215 -1600
    2006 -100 35 -65 -150 -1700
    2007 -100 35 -65 -85 -1800

    -1800 1885 31%


    Investor Investor
    Cum (+) Cum (+) + NAV Multiples = [Cum (+) + NAV] / Cum (-)
    0 100 1.0
    0 200 1.0
    0 300 1.0
    0 400 1.0
    500 500 1.0
    1000 600 1.0
    1500 700 1.0
    1535 800 1.0
    1570 900 1.0
    1605 1000 1.0
    1640 1100 1.0
    1675 1200 1.0
    1710 1300 1.0
    1745 1400 1.0
    1780 1500 1.0
    1815 1600 1.0
    1850 1700 1.0
    1885 1800 1.0
    Investor Investor Investor Company Investor
    Investment (-) Distribution (+) NCF NAV Cum (-)
    1990 -100 0 -100 100 -100
    1991 -100 0 -100 200 -200
    1992 -100 0 -100 300 -300
    1993 -100 225 125 175 -400
    1994 -100 225 125 50 -500
    1995 -100 225 125 -75 -600
    1996 -100 225 125 -200 -700
    1997 -100 225 125 -325 -800
    1998 -100 225 125 -450 -900
    1999 -100 225 125 -575 -1000
    2000 -100 225 125 -700 -1100
    2001 -100 225 125 -825 -1200
    2002 -100 225 125 -950 -1300
    2003 -100 225 125 -1075 -1400
    2004 -100 225 125 -1200 -1500
    2005 -100 225 125 -1325 -1600
    2006 -100 225 125 -1450 -1700
    2007 -100 1000 900 -2350 -1800

    -1800 4150 31%


    Investor Investor
    Cum (+) Cum (+) + NAV Multiples = [Cum (+) + NAV] / Cum (-)
    0 100 1.0
    0 200 1.0
    0 300 1.0
    225 400 1.0
    450 500 1.0
    675 600 1.0
    900 700 1.0
    1125 800 1.0
    1350 900 1.0
    1575 1000 1.0
    1800 1100 1.0
    2025 1200 1.0
    2250 1300 1.0
    2475 1400 1.0
    2700 1500 1.0
    2925 1600 1.0
    3150 1700 1.0
    4150 1800 1.0
    Investment (-) Distribution (+) NCF NAV Cum (-)
    1973 -1 0 -1 1 -1
    1974 -2 0 -2 3 -3
    1975 -3 0 -3 6 -6
    1976 -4 1 -3 9 -10
    1977 -5 2 -3 12 -15
    1978 -6 3 -3 15 -21
    1979 -7 4 -3 18 -28
    1980 -8 5 -3 21 -36
    1981 -9 6 -3 24 -45
    1982 -10 7 -3 27 -55
    1983 -11 8 -3 30 -66
    1984 -12 16 4 26 -78
    1985 -100 18 -82 108 -178
    Cum (+) Cum (+) + NAV Multiples = [Cum (+) + NAV] / Cum (-)
    0 1 1.0
    0 3 1.0
    0 6 1.0
    1 10 1.0
    3 15 1.0
    6 21 1.0
    10 28 1.0
    15 36 1.0
    21 45 1.0
    28 55 1.0
    36 66 1.0
    52 78 1.0
    70 178 1.0

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