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Financial Overview
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June, 2024
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1. Fund Size
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The fund size is the total amount of capital committed by limited partners in the ADN VC Fund-I
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Fundraising & Capital CallsTotalYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
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Fund Size & Disbursements $ 2,000,000 $ 260,000 $ 660,000 $ 600,000 $ 480,000
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% Capital Calls Target13.0%33.0%30.0%24.0%
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2. Portfolio Invesments
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Investments made by ADN VC Fund-I into FinTech and PropTech pre-seed startups in Pacific Alliance (PE, MX, CO, CL)
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Portfolio InvestmentsTotal1st TicketFollow On
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Investment Ticket $ 150,000 $ 40,000 $ 110,000
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N° of Investment28217
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Total Investment Amount $ 1,610,000 $ 840,000 $ 770,000
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Portfolio Investments by YearTotalYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
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Total Investment Amount $ 1,610,000 $ 200,000 $ 480,000 $ 490,000 $ 440,000
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# Startups 1st Ticket215124
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Investment - 1st Ticket $ 840,000 $ 200,000 $ 480,000 $ 160,000
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# Startups Follow-on 734
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Inversión - Follow-on $ 770,000 0330,000440,000
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3. Management Fees
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Fees to cover the day-to-day expenses of running ADN VC Fund-I
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Management Fee by YearTotalYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
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Management Fee %2.0%2.5%2.5%2.5%2.0%2.0%2.0%2.0%1.5%1.5%1.5%
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Management Fee $ $ 390,000 $ 50,000 $ 50,000 $ 50,000 $ 40,000 $ 40,000 $ 40,000 $ 40,000 $ 30,000 $ 30,000 $ 20,000
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Management Fee $/mo $ 3,250 $ 4,167 $ 4,167 $ 4,167 $ 3,333 $ 3,333 $ 3,333 $ 3,333 $ 2,500 $ 2,500 $ 1,667
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4. Base Liquidity Scenario
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Scenario: Base. One-two startups will bring the expected return to the fund.
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Liquidity Scenario / BaseStartups1st TicketFollow-OnInvestmentMultiplos (X)Returns
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Failure62%130 $ 520,000 0.00 $ -
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Regular24%54 $ 640,000 1.50 $ 960,000
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Good10%22 $ 300,000 5.00 $ 1,500,000
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Excellent / Home Run5%11 $ 150,000 45.00 $ 6,750,000
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217 $ 1,610,000 5.72 $ 9,210,000
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The largest exits-returns will happen in the last year of the fund (Year 10).
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Portfolio Investments by YearTotalYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
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Divestment # startups7421
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Divestment $ $ 9,210,000 $ 921,000 $ 1,473,600 $ 6,815,400
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Returns by Year %10.00%16.00%74.00%
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Overview Liquidity
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1) First, ADN VC will give back Investment and Management Fee to LPs
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Divestment$9,210,000
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Investment Amount $ (1,610,000)
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Management Fees $ (390,000)
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Fund Profits$7,210,000
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2) Then, ADN VC and Limited Partners will shared Fund Profits (Carried Interest)
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Profit General Partner (GP) $ 1,442,000 20.0%
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Profit Limtied Partner (LP) - Investors $ 5,768,000 80.0%
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5. As Limited Partner
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Investment Example
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Investment Ticket$40,000
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Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
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25.00%25.00%25.00%25.00%10.00%16.00%74.00%
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Investment Ticket($40,000) $ (10,000) $ (10,000) $ (10,000) $ (10,000)
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Investment Return a Pro Rata$40,000 $ 4,000 $ 6,400 $ 29,600
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Profit Return a Pro Rata$115,360 $ 11,536 $ 18,458 $ 85,366
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TIR $ (10,000) $ (10,000) $ (10,000) $ (10,000) $ - $ - $ - $ 15,536 $ 24,858 $ 114,966
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Fund Size$2,000,000
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% of Fund Size2.00%
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Profit Limtied Partner (LP) $ 5,768,000
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Retorno$155,360
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Profit as Limited Partner $115,360
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