A measure of how much a return is unrealized. As the fund matures, the residual multiple will increase to a peak and then decrease as the fund eventually liquidates to a residual fair value of zero. At that point, the entire return of the fund has been distributed.
Global Definitions Database
Source: NCREIF PREA Reporting Standards | Date: 23 March 2020 | ID: D0183 | Version: 2