J-Curve
Typical fund NAV trajectory, fee drag in the early years, and when DPI breaks even.
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The J-Curve and Why Year 2 Is Brutal →6 min read · returns
Related terms
- DPIDefinitions, when each is meaningful, and how they evolve over a fund's life.
- Internal Rate Of ReturnSame cash flows, different headlines — how time-shifting one distribution rewrites IRR but not the multiple.
- IRRSame cash flows, different headlines — how time-shifting one distribution rewrites IRR but not the multiple.
- MOICSame cash flows, different headlines — how time-shifting one distribution rewrites IRR but not the multiple.
- RVPIDefinitions, when each is meaningful, and how they evolve over a fund's life.
- TVPIDefinitions, when each is meaningful, and how they evolve over a fund's life.
- VintageDispersion across vintages and what 'good vintage' actually means once the market settles.
- Vintage YearDispersion across vintages and what 'good vintage' actually means once the market settles.