Fully realized
An investment that has been completely disposed of or otherwise realized. Investment proceeds received by a fund are distinct from distributions to its limited partners, which may occur later or be affected by retention and recycling terms.
Fully realized in round numbers
Hypothetical: a fund invests US$50m of equity and receives total equity proceeds of US$120m on complete realization three years later, with no interim flows or additional equity. The gross investment multiple is 120 ÷ 50 = 2.4x before fund fees and carry. This does not state the amount or timing distributed to limited partners; the three-year duration matters to internal rate of return (IRR), not the multiple alone.
Scroll horizontally to read all columns.
| Measure | Value |
|---|---|
| Initial equity cost | US$50m |
| Total equity proceeds to fund | US$120m |
| Gross investment multiple | 120 ÷ 50 = 2.4x |
| Limited-partner distributions | Separate; not specified |
Terms Related to Fully realized
Exit (harvest) · Cash-on-cash return · Lock-up period · Secondary buyout (sponsor-to-sponsor) · Buy to sell · All of the glossary