# Secondary Fund Economics Model

Model secondary fund returns and J-curve without treating all secondaries as a black box.

- Canonical: https://finamodel.com/templates/secondaries
- Download (.xlsx): https://finamodel.com/templates/secondaries.xlsx
- Category: Private Equity
- Model type: Fund / Waterfall
- Difficulty: Intermediate
- Audiences: Fund managers, Investors & analysts
- Tags: fund-of-funds, j-curve, irr, moic

## Related templates

- [Private Equity Fund Model](https://finamodel.com/templates/pe-fund)
- [Fund of Funds Portfolio Model](https://finamodel.com/templates/fund-of-funds)
- [Co-Investment Model](https://finamodel.com/templates/co-investment)