Reuben AI

    Portfolio performance, calculated continuously, not at quarter end

    IRR, MOIC, DPI, TVPI by fund, vintage, and strategy, always live

    Most funds only really know their performance at quarter end, after a week of spreadsheet reconciliation. By the time the numbers are right, the LP report is overdue and the GP cannot answer ad-hoc questions.

    Reuben AI calculates performance continuously. IRR, MOIC, DPI, TVPI, and bridges between marks are always current. When an LP asks, the answer is one click away.

    Why performance is always one quarter behind

    Performance lags because the inputs lag. Cap tables update once a quarter. FX is applied at the wrong rate. Subsequent rounds are not reflected. By the time the GP knows the IRR, it is already old.

    Reuben AI keeps the inputs current so the outputs can be too.

    How it works

    Live performance metrics

    IRR, MOIC, DPI, TVPI, RVPI calculated against the latest cap tables, FX rates, and valuation marks.

    Multi-dimensional cuts

    Slice performance by fund, vintage, sector, geography, deal lead, or any custom dimension. Use it for LP narrative or internal review.

    Bridge analysis

    Explain quarter-on-quarter movement: new investments, follow-ons, FX, mark changes, distributions. No more black-box variance.

    Benchmarking

    Optional benchmarking against vintage peers and your own prior funds.

    See Portfolio Performance in your fund

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    What live performance unlocks

    GPs can answer LP questions in real time, not after a week of reconciliation. LP reports become a publishing exercise rather than a calculation exercise. Internal performance reviews become weekly, not quarterly.

    And the GP can finally see whether a particular sector or partner is actually adding alpha, in time to act on it.

    Frequently asked questions

    How does this differ from portfolio monitoring?

    Monitoring focuses on the operating health of each portfolio company. Performance focuses on the financial returns to the fund and to LPs.

    Can we use our own valuation methodology?

    Yes. Plug in your IPEV-aligned methodology or your bespoke approach. The platform calculates everything downstream.

    Does it support multi-currency funds?

    Yes. Multi-currency by design, with explicit FX bridges in the variance analysis.

    How does portfolio performance reporting handle multi-currency funds?

    Multi-currency funds are handled natively, with FX rates retained per measurement date and an audit trail of the rate source. IRR, MOIC and DPI can be reported per investment currency or fund base currency.

    Can we benchmark our portfolio against external indices and peer cohorts?

    Yes. Portfolio metrics can be benchmarked against named public indices and peer-cohort medians. The benchmark source and methodology are cited alongside each comparison.

    Related reading

    Ready to operationalise portfolio performance?