with Marc Penkala, General Partner at āltitude
EUVC Academy · 1h 4m · Fund Modelling, Portfolio Management
Part of Fund Modelling Series
Fund modelling in venture capital is the discipline of designing how a fund deploys capital and turns it into returns. It matters because outcomes are driven less by picking winners and more by how portfolios are constructed, scaled and managed over time.
This session focuses on portfolio construction and decomposition as the core levers of fund performance. It covers how to build a portfolio across entry and follow-on investments, track its evolution over time and break it down through asset development, write-offs and exits.
The emphasis is on using a practical, model-driven approach to link investment decisions, dynamics and trade-offs directly to overall fund performance.
Key Learning Points
Fundamentals of VC fund construction
Fund size shapes portfolio size, cheque size, reserves, LP fit and return profile
Portfolio construction is a key lever, balanci…
