Investment MOICs

Manage MOICs more thoroughly with Tacytc’s Portfolio Management Tools allowing you to track seven different MOIC calculations for each investment.

MOICs are a common indicator for evaluating investment performance - however there isn’t one MOIC that is the industry standard. Instead we’ve seen MOICs come in all flavors and depending on your fund profile you may want to track each of these MOIC calculations.

There are seven different MOIC calculations in Tactyc for each investment and each represents a different and nuanced performance view of the investment:

• Current MOIC = (Unrealized FMV today + Realized Proceeds ) / (Total Invested Capital to Date)

  This represents the MOIC today on total invested capital to date. i.e. the return for every $1 of investment

• Current MOIC on Initial = Current Share Price / Purchase Price at Entry Round

  Represents the MOIC on only the initial investment i.e. excluding any follow-on investments i.e. the return for every $1 of initial investment

• Current MOIC on Deployed Reserves = Current Share Price / Weighted Average Purchase Price Per Share in Follow-Ons Rounds

  Represents the performance of the deployed reserves to date i.e. the return for every $1 of follow-on investments to date

• Exit MOIC = Expected Exit Proceeds / Expected Total Invested Capital By Exit

  Represents the expected MOIC at exit on the total invested capital i.e. the expected return at exit for every $1 of investment

• Exit MOIC on Initial = Expected Exit Share Price / Purchase Price at Entry Round

  Represents the expected MOIC at exit on the initial investment only i.e. the expected return at exit for every $1 of initial investment only

• Exit MOIC on Follow-Ons = Expected Exit Share Price / Weighted Average Purchase Price Per Share in Follow-Ons Rounds

  Represents the expected MOIC at exit on the follow-on investments only i.e. the expected return at exit for every $1 of follow-on investment only

• Exit MOIC on Planned Reserves = Expected Exit Share Price / Weighted Average Purchase Price Per Share of Future Follow-Ons

  Represents the performance we expect on the future reserves i.e. the expected return for every $1 of future follow-on investments.