Current equity multiple (Gross) is the same as the Current equity multiple (Net) but adjusted so as to remove the effect of vehicle-level fees, taxes and carried interest deductions.
This uses as a numerator the aggregate of the cash flows used to calculate the IRR since inception gross and as a denominator total capital drawn down (for the avoidance of doubt, not Total capital commitments drawn).
Global Definitions Database
Equity multiple (Gross)
Source: INREV | Date: 23 March 2020 | ID: D0150 | Version: 3
Child terms
Equity multiple- gross, projected
Current projected gross equity multiple from inception to end of vehicle term (gross of taxes, fees and carried interest) per the manager's est...
Gross equity multiple of vehicle realized
Equity multiple of portion of equity invested that has been divested (regardless of whether the proceeds have been distributed), before any