Apeiron VC Portfolio Manager

Fund Economics, Working Capital & 3-Statement Model ($k)

VIEW

APEIRON CAPITAL PRIVATE MARKETS ENGINE

Apeiron VC Fund I, L.P. — Distribution Waterfall Engine ($k)

Institutional Private Markets Framework

TOTAL AUM

$50.0M

FEE-EARNING AUM

$42.5M

Fund Commitment

$50,000k

Invested Capital

$35,000k

Dry Powder

$15,000k

LP Net IRR

20.4%

LP TVPI Multiple

2.53x

LP DPI Realized

1.14x

GP Carried Interest

$10,500k

Exit Realization Proceeds Simulator

Adjust total startup portfolio exit proceeds to simulate the European Distribution Waterfall

Simulated Exit Proceeds

$100,000k

$25k (Down) $35k (Cost) $100k (Base) $200k (Bull)

4-Tier European Distribution Waterfall Mechanics

Tier 1: Return of Capital $35,000.0k Distributed

100% to LPs until full $35,000k invested capital is returned.

LP: 100% ($35,000.0k) GP: 0% ($0.0k)

Tier 2: Preferred Return Hurdle (8.0%/yr) $14,000.0k Distributed

100% to LPs until 8.0% annual preferred hurdle is reached.

LP: 100% ($14,000.0k) GP: 0% ($0.0k)

Tier 3: GP Catch-Up (100% to GP) $3,500.0k Distributed

100% to GP until GP achieves 20% carried interest on profits.

LP: 0% ($0.0k) GP: 100% ($3,500.0k)

Tier 4: Residual Carry Split (80/20) $47,500.0k Distributed

Residual distributions split 80% to LPs and 20% to GP.

LP: 80% ($38,000.0k) GP: 20% ($9,500.0k)

Final Distribution Split

TOTAL LP NET PROCEEDS

$87,000.0k

Includes 100% Capital Return + Hurdle + 80% Residual Carry

TOTAL GP CARRIED INTEREST

$13,000.0k

20% Performance Fee earned post preferred hurdle

Apeiron VC Strategy Allocation

Capital deployed across tech & bio venture stages

Series A / B Core Equity (40%) $20,000k

Growth Stage Follow-On (30%) $15,000k

Seed & Early Discovery (20%) $10,000k

Working Capital Reserve (10%) $5,000k

APEIRON VC KNOWLEDGE CENTER

Apeiron VC Primer — Design Logic & Venture Capital Pipeline

An executive educational guide detailing the four core phases of venture capital portfolio management ($k)—Sourcing, Valuation Underwriting, Fund Waterfall Economics, and Working Capital Value Creation.

STARTUPS IN PIPELINE

10 Active

COMBINED FY25 REV

$1,000.0k

BLENDED EBITDA

32.5%

STAGE FOCUS

Series A/B

VENTURE CAPITAL LIFECYCLE MODULES

Phase 1: Deal Sourcing & Allocation

Phase 2: Valuation & Dilution Mechanics

Phase 3: Fund Economics & Waterfalls

Phase 4: Value Creation & Working Capital

Venture Capital Startup Roster (10 Active Companies)

REGION:

Live Simulator Engine

Working Capital Simulation Cockpit ($k)

Shorten Receivables (DSO) and Inventory (DIO) while extending Negotiated Payables (DPO) to release debt-free cash ($k).

TOTAL CASH RELEASED

+$23.4k

Organic Liquidity Generated

AR CASH RELEASED

+$12.1k

INVENTORY CASH

+$6.5k

AP CASH RELEASED

+$4.8k

Global Portfolio CCC Sliders & Live Liquidity Impact

DSO Delta: 0 days +$0.0k Cash

DIO Delta: 0 days +$0.0k Cash

DPO Delta: 0 days +$0.0k Cash

Portfolio Startup Company CCC Controls (10 Active Companies)

Adjust individual startup levers ($k)

Simulation Active: +$23.40k Organic Cash Unlocked

Shortened receivables by 10.0 days portfolio-wide across 10 active startups ($k).

PORTFOLIO REV (2025)

$1,000.0k

10 Startups Active

PORTFOLIO EBITDA

$325.0k

32.5% Margin

NET WORKING CAPITAL

$23.4k

+$23.4k Released

PORTFOLIO CCC DAYS

50.0 Days

DSO: 45d | DIO: 30d | DPO: 25d

Portfolio Startup Performance Table ($k)

Tap startup row to drill into detailed 6-year projections

STARTUP	REGION	REV ($k)	EBITDA ($k)	DSO	DIO	DPO	CCC	STATUS

Portfolio Revenue vs. EBITDA ($k)

[BLUE] Revenue [GREEN] EBITDA

Cash Conversion Cycle Breakdown

DSO DIO DPO

4 US Census Regions

Regional View: US Regional Operations Dashboard ($k)

Operational oversight across US Census Regions: Northeast, Midwest, South, and West portfolio hubs ($k).

US Regional Comparison: Revenue vs. EBITDA ($k)

Rev EBITDA NWC

US Regional Portfolio Breakdown (All Regions)

STARTUP	REGION	REV ($k)	EBITDA ($k)	DSO	CCC	STATUS

Portfolio Startup Detail View

Select Portfolio Startup to inspect 6-Year Financial Projections ($k), Leadership Team & Key Customers/Vendors

Consolidated 3-Statement Financial Model ($k)

Viewing Apeiron Consolidated Portfolio · Multi-Year Projections (2025 – 2030)

Simulating +$23.40k organic cash added directly to Balance Sheet Cash & Cash Equivalents ($k).

LINE ITEM ($k)	FY25	FY26	FY27	FY28	FY29	FY30

Live Ledger Engine

Operational Ledgers & Aging Sub-Ledgers ($k)

Sourced directly from SQLite ledger records. All values scaled to $k (divided by 1,000).

DETERMINISTIC ENGINE

Subject-Verb-Object (SVO) Financial Framework

Eliminate LLM financial hallucinations by anchoring responses to frozen, audited database queries. Configure your question parameters below, confirm the question, and the get_financials tool answers directly from local database ledgers.

Configure SVO Sentence Parameters

1. SUBJECT (ENTITY)

2. VERB (PREDICATE)

3. OBJECT (FINANCIAL METRIC)

4. TARGET TIMEFRAME (FY)

FORMULATED QUESTION FOR TOOL:

"What is the projected EBITDA for Arlington SaaS in FY 2025?"

100% DETERMINISTIC ANSWER — ZERO HALLUCINATION

TOOL EXECUTED: get_financials(company="Arlington SaaS", fiscalYear=2025, metric="ebitda")

"Arlington SaaS generates EBITDA of $10.0k in FY 2025."

CEO Briefing: Own the Intelligence, Not Just the License

CEO BRIEFING · EXECUTIVE PITCH

SLIDE 1 OF 8

PRESENTER TALKING POINTS:

"Read the key takeaways aloud — each is the single argument for that section. The text below provides supporting detail."