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Fund lifecycle and operations

Vintage Year

A vintage year is the year assigned to a fund for performance comparisons, often based on its first close or first investment. Data providers may use different conventions, so check each benchmark’s definition.

Example: Compare a fund’s results with funds of a similar vintage and strategy, not with funds launched in very different conditions.

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Knowing the language helps you follow the conversation. Knowing what to ask is how you participate in it.

Understanding the terms is a first step. The Aligned Capital Program uses them to teach you how to evaluate a fund and prepare the questions to ask its manager.

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