segalm

if so…
For the Net IRR - cash flows are net of fees and Carried Interest
2001 -50 (Called Down)
2002 -15 (Called Down) - 1 Mgmt Fees of 2001 -5 (Op Results of 2001) = -21
2003 -10 -1.3-15 = -26.3
2004 -25-1.5+25=-1.5
2005 -10 -2 +45 -3.84 (Carried Interest) = +29.16
2006 -5 -2.2 + 55 - 6.79 = 41.01
2007 105 (Op Results) -2.3 (Mgmt fees) -11.18 (Carrie Int) = 91.52
Use above - calculate IRR = 11.3%
Gross IRR - No fees, No Carried Interest
2001 -50 (Called Down)
2002 -15 (Called Down) -5 (Op Results of 2001) = -20
2003 -10 -15 = -25
2004 -25+25=0
2005 -10 +45 = +35
2006 -5 + 55 = 50
2007 105 (Op Results)
Gross IRR=16.1%
IRR calculated by entering all these using the Cash flows function.