Glossary
Vintage year
The year a fund begins investing, usually its first close or first capital call, used to compare funds that faced similar market conditions.
In practice
Benchmarking by vintage is standard because returns depend heavily on when capital was deployed.
In FUN/D
FUN/D analytics slice performance by vintage across funds and managers.
Related: PME · IRR · J-curve · full glossary
See how FUN/D handles this on your fund.
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