Tools · Calculator
IRR & Equity Multiple
Enter the initial outflow and the dated cash flows that follow. We solve NPV = 0 by Newton-Raphson and show the equity multiple alongside.
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Inputs
Cash flows
Positive = distribution received. Negative = follow-on capital call.
Result
Annualised IRR
17.38%
Equity multiple
1.98x
Core-plus to value-add return at 17.4% on a 1.98x multiple. A clean fit for most real-asset equity mandates.
Invested 1,000,000 · Distributions 1,980,000
IRR assumes intermediate distributions are reinvested at the same rate, which they rarely are in real life — read it next to the equity multiple and the hold period. For a complete picture, also size downside scenarios at lender-stress NOI.