Promised vs realized
Two populations: targets on published offerings, realized figures on exits with a disclosed outcome. Read side by side, never as one number.
Promised (median target)
n/a
no stated targets
Realized (median IRR)
0.1%
104 exits with a realized IRR
Middle half 0.0% to 0.3% · 17% negative
| Measure | Value | n |
|---|---|---|
| Median multiple on cost | 1.20x | 116 |
| Exits recorded as a loss | 0% | 5 |
| Latest exit | 2026-03-05 | n/a |
| Platform | Exits | Median IRR | Median multiple | Loss rate |
|---|---|---|---|---|
| Rally | 104 | 0.1% | 1.20x | n/a |
| Commonwealth | 5 | n/a | 0.37x | 0% |
Source: AltStreet platform_exits (filing-sourced dispositions, 1-K asset sales and platform-reported exits) and published offering terms. Realized figures cover exits with a disclosed outcome, which over-represents platforms that disclose; a loss rate counts exits recorded as a loss over exits with any recorded type.
