Illustrative model
Project Cedar
A static model architecture separating fee-related earnings, carried interest and balance-sheet investments before reconciling to equity value.
- Model type
- Sum-of-the-parts and DCF model
- Forecast scope
- 2024A–2029E
- Version
- 1.0
- Last updated
Illustrative case. No workbook is available.
Model structure
The sequence below traces each model from its assumptions to its principal outputs.
- Assumptions
- Historical financials
- Fee-related earnings build
- Carried interest scenarios
- DCF
- Sum-of-the-parts valuation
- Sensitivity