R3
Balanced
Reinvested Gains
Compound
Mandate
Compound takes no new capital. It is funded entirely by realised proceeds from the other nine vaults — $412M has come back to the House so far and $84.3M of it is deployed here across five positions.
The rule is mechanical. When a position realises, the member's principal returns to Reserve and the gain routes here unless the member opts out. Compound then writes it into mid-stage companies at a maximum $20.0M per name. Nothing about that decision is discretionary and nothing about it waits on a committee.
Carrying Mark
1.33× on cost
Capital Deployed
$84.3M in this vault
Risk Tier
R3 · Balanced
Capacity
60.2% of $140.0M
Members
61 allocating
Lead Exposure
Applied AI at 34%
Lock-up
12 months
Capital deployed
$84.3M
Capacity
$140.0M
Carrying mark
1.33×
Members
61
Risk
Compound is marked at 1.33× and it is the only vault in the House where a loss cannot touch member principal — every dollar in it was a gain before it was a position. That does not make the positions safer, and the vault is rated R3 on the exposure it actually holds.
The seed is the constraint. This vault only grows when the rest of the House exits, so its size is a lagging read on the whole book: $84.3M today against $412M realised, because most of that principal went back to members rather than forward into this vault. It opens to allocation in Epoch 03. 61 members hold it now.