Annual capital calls and distributions
Calls are below zero. Cash returned is above zero. The navy line shows net cash flow for each calendar year.
Capital callsDistributionsNet cash flow
Projected cash-flow profile
This timing example uses the strategy you chose. It is not a promise of when a GP will call or return cash.
First projected distribution
2029
Capital calls begin in 2026; cumulative cash flow reaches break-even in 2031.
Peak cash exposure$65mDeepest cumulative call-minus-distribution gap
Cash-flow break-even2032First year cumulative net cash flow recovers to zero
Peak remaining unfunded$80mHighest balance after the first modeled call
Projected total distributions$250mFinal net gain: $150m
First distribution: 2029
Cumulative net cash flow
The J-curve shows the running cash balance. It falls as the LP pays in cash and rises as the fund pays cash back.
Cumulative net cash flowMaximum exposureBreak-even
Where the commitment sits over time
Unfunded is money still available to be called. NAV is the estimated value left in the fund. Cumulative distributions are all cash returned so far. These measures overlap, so the chart does not stack them.
Remaining unfundedEstimated NAVCumulative distributions
Annual forecast table
The figures used in every chart. Totals may differ slightly when displayed because of rounding.
| Year | Capital called | Distributions | Net cash flow | Cumulative net cash flow | Estimated NAV | Unfunded |
|---|---|---|---|---|---|---|
| 2026 (Y1) | $20m | $0m | −$20m | −$20m | $22.2m | $80m |
| 2027 (Y2) | $25m | $0m | −$25m | −$45m | $55.9m | $55m |
| 2028 (Y3) | $20m | $0m | −$20m | −$65m | $91.4m | $35m |
| 2029 (Y4) | $15m | $19.2m | +$4.2m | −$60.8m | $110m | $20m |
| 2030 (Y5) | $10m | $36.9m | +$26.9m | −$33.9m | $109m | $10m |
| 2031 (Y6) | $4m | $44.8m | +$40.8m | +$7m | $92m | $6m |
| 2032 (Y7) | $3m | $45.1m | +$42.1m | +$49.1m | $69.8m | $3m |
| 2033 (Y8) | $3m | $40.9m | +$37.9m | +$87m | $46.6m | $0m |
| 2034 (Y9) | $0m | $34.8m | +$34.8m | +$122m | $22.8m | $0m |
| 2035 (Y10) | $0m | $28.2m | +$28.2m | +$150m | $0m | $0m |