Seraf references both the IRR if Liquidated at Current Valuation and Cumulative IRR from all Exits to show the returns of your entire portfolio as a whole. IRR if Liquidated at Current Valuation is the Unrealized IRR, based on current value, for the entire portfolio plus any exits that have already occurred.
Cumulative IRR from all Exits is the combined Realized IRR for all companies and investment funds in the portfolio from which you have fully exited, including write-offs. The calculation includes only companies and investment funds that have completely exited and for which there is no current holding or future value. The companies included appear in Exits & Returns on the Exits by Company tab and indicate that they have no remaining value. Cumulative IRR from all Exits does not include investments in or returns from companies that still have active rounds, even if some rounds have exited.
Both your portfolio’s IRR if Liquidated at Current Valuation and Cumulative IRR from all Exits in Seraf can be found on your Dashboard – Returns Since Inception and in Portfolio Analysis under the tab for Key Metrics.
The Cumulative IRR from all Exits will not show on the Dashboard until the return is as great as the investment (i.e. once there's at least a 1x return multiple). However, you can see the individual company IRRs on the Exits & Returns / by Company page, and Enterprise customers can also see the total IRR for all exited companies.
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