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  "documentTitle": "Perella Weinberg Partners | Investment Banking Pitch Book | 25 slides",
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  "authorName": "Perella Weinberg Partners",
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  "presentationDate": "2019-03-01 00:00:00",
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  "notes": "The chart highlights the 'First Liquidity Election Period' at Jan 1, 2022E.",
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      "kind": "chart",
      "text": "Implied unit prices over time from 2019E to 2024E",
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      "text": "Valuation multiples are applied to pre-tax fee-related earnings (13.5x) and pre-tax net incentives created (6.75x) based on the average of the trailing three fiscal years",
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      "text": "Analysis assumes 75% credit for Accrued Net Carry, 100% credit for NAV of Corporate Investments, and 100% credit for net cash (net of debt and preferred)",
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      "text": "Projected future unit prices based on estimated \"Current Equity Value\" of OCGH units covered by the liquidity mechanism, assuming Oslo financials per Oslo Management projections",
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      "text": "Source: Oslo Management projections as of 03/02/2019",
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      "kind": "title",
      "text": "Liquidity Mechanism Implied Prices",
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