How are MOIC and Gross IRR Calculated?

Last updated: September 26, 2026

MOIC: (Realizations + Fair Value) / Investment Amount

Gross IRR: The rate of return that sets the Net Present Value (NPV) of all cash flows from the investment to zero.

Unlike Net IRR, Gross IRR does not account for management fees or costs and therefore will be larger. Variables on our platform include: issue dates of certificates, issue dates of transactions, investment amount, fair value + realized value.