INVESTORS / FOUR VINTAGES
People at the start.
Terms at the boundary.
Quarterly reporting through the registered channel. No website login. No public money.
Read across the fund table → Use left/right keys or swipe horizontally.
| Fund | Vintage | Size (CU) | TVPI | DPI | Status |
|---|---|---|---|---|---|
| MageFund I | 2131 | 1.2 bn | 3.1× | 2.6× | Harvesting |
| MageFund II | 2138 | 2.8 bn | 2.2× | 0.9× | Active |
| MageFund III | 2144 | 4.5 bn | 1.4× | 0.2× | Active |
| MageFund IV | 2150 | 6.0 bn target; first close 2151-03 | — | — | Investing |
TVPI is total value to paid-in capital; DPI is distributions to paid-in capital. They are shown separately. Where there is no multiple to report, the field stays empty; a forecast does not fill it.
Limited partners
- 5D Fund · III / IV
- Old Human Culture Hall endowment
- Digital Residents’ Union reserve
- Homecoming Society family pools
- Mage alumni pool · 11 former mages reinvested
- Xigang free-port treasuries
No signatory bloc is a limited partner in any MageFund vintage.
Risks, stated first
Customer concentration
Most ensembles’ largest customers are bloc institutions. Concentrated customer income does not make a mage transferable to a customer; written consent remains necessary.
Article One thresholds
The 2160 review may change Article One thresholds. This is a future risk, not permission already obtained.
Orbital berths
Public-port supply and demand affect where ensembles can work. Fair Berth’s eighteen-month capacity warning remains a forecast.
Instance litigation
The identity and ending of a party affect the note’s scope. Our instance clause excludes claims against estates, heirs and copies.
Discharge prices
Required allowances are purchased at market and passed through at cost. Price changes affect project costs.
Reporting & contact
LP reporting is quarterly through the registered channel, with no web login. Contact Investor Relations by email; do not pay or subscribe by email.
morrowaccord@gmail.com