The chart is the proof. Distributions, exits, realized returns — and the boring distribution waterfalls that get them there. We mark the book to results, not narrative.
DPI before TVPI. Returned capital is the only number that compounds, and the only number we lead with.
Distributions and reporting written for a human, not a footnote. If the structure can't be explained on a phone call, the structure is wrong.
Every realized position gets a write-up: what worked, what didn't, what we'd do differently. The record grows. So does the discipline.