The other return is the capital distributions that take place over time.
Astrea 9, as the owner of these PE funds, will receive both of these over time.
They set out a structure of accumulating the distributions so that they can match the principal liability for different class of fixed income holders. They will prioritize the money to return the principal for the Class A-1 then A-2 bond holders. The equity investors are the last in queue.
The Astrea series is basically setup less with the idea for big equity return for all but with the idea that principal return for the bond holders is of adequate importance.
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