Hands-on Demo

Pain

Funds optimize little or never with a solver: in most PE/VC teams, the reserves/pro-rata/pacing trade-off is still done in spreadsheets + eFront/Allvue exports, then debated in IC.

Of course there are exceptions (large groups, quantitative credit, infra/ALM) that use in-house tools, but in classic VC/PE this is rare for four reasons:

  • Heterogeneous data (cap tables, timelines, rights, side letters) → lots of manual cleanup.
  • Governance/IC: decisions must be explained and tied to the LPA/side letters; “black boxes” do not fly.
  • Discrete constraints (on/off tickets, multi-axis caps, time-phased pacing) → standard PM tools don’t fit well.
  • Change-management footprint: back-office is already equipped (eFront/Allvue) → avoid adding a second “system of record”.

This is exactly the gap KnapFlux closes: same data, same constraints, but an optimized and explainable decision (MILP + audit report).

Constraints Overview

Investor-side

  • Budget & period pacing (e.g., [0.30,0.25,0.25,0.20]).
  • Risk caps per class (A–E) (% of investor budget).
  • Sector & country caps (% of investor budget).
  • Per-company limit (% of investor budget).
  • Minimum ticket to activate a pair.
  • Theme exclusions (e.g., fossil, weapons).

Company-side

  • Round capacity (cap) & minimum program size (Lmin).
  • Company minimum ticket (ticket_min).
  • Deadline period (no allocation after).
  • Risk class & expected return (mu).
  • Pro-rata / ownership (optional cap on total allocation).

Fund / LPA

  • Per-line max vs NAV, aggregate sector/country caps, recycling/side letters.

Objective options

  • Linear (default): maximize ∑ μj xi,j,p.
  • Risk budget: maximize ∑ μ x s.t. ∑ risk·x ≤ R̄.
  • Mean–Variance (QP): max μᵀx − (λ/2)xᵀΣx.
  • CVaR (LP) with scenarios (optional).

Sample dataset

Download sample JSON

{
    "version": "1.0",
    "currency": "EUR",
    "step": 10000,
    "periods": 4,
    "risk_classes": [
        {
            "id": "A"
        },
        {
            "id": "B"
        },
        {
            "id": "C"
        },
        {
            "id": "D"
        },
        {
            "id": "E"
        }
    ],
    "investors": [
        {
            "id": "i_0001",
            "budget": 5100000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0002",
            "budget": 2700000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0003",
            "budget": 4000000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0004",
            "budget": 3700000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0005",
            "budget": 2500000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0006",
            "budget": 2600000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0007",
            "budget": 2100000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0008",
            "budget": 5000000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0009",
            "budget": 5000000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0010",
            "budget": 3400000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0011",
            "budget": 2900000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0012",
            "budget": 3500000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0013",
            "budget": 3900000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0014",
            "budget": 3100000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0015",
            "budget": 3700000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0016",
            "budget": 4500000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0017",
            "budget": 2700000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0018",
            "budget": 5800000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0019",
            "budget": 3900000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0020",
            "budget": 5900000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0021",
            "budget": 2800000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0022",
            "budget": 2600000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0023",
            "budget": 4200000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0024",
            "budget": 4700000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0025",
            "budget": 4600000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0026",
            "budget": 5500000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 150000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0027",
            "budget": 2800000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0028",
            "budget": 5000000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
                "Health": 0.6
            },
            "country_caps": {
                "FR": 0.7,
                "DE": 0.7,
                "UK": 0.7
            },
            "per_company_limit": 0.25,
            "min_ticket": 100000,
            "pacing": [
                0.3,
                0.3,
                0.2,
                0.2
            ],
            "theme_exclusions": []
        },
        {
            "id": "i_0029",
            "budget": 4000000,
            "risk_caps": {
                "A": 0.2,
                "B": 0.4,
                "C": 0.6,
                "D": 0.7,
                "E": 0.9
            },
            "sector_caps": {
                "AI": 0.6,
                "Fintech": 0.6,
                "Climate": 0.6,
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            "id": "c_0848",
            "sector": "Fintech",
            "country": "DE",
            "stage": "Seed",
            "risk": "A",
            "mu": 0.148,
            "cap": 3200000,
            "Lmin": 800000,
            "ticket_min": 200000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0849",
            "sector": "Fintech",
            "country": "FR",
            "stage": "A",
            "risk": "A",
            "mu": 0.101,
            "cap": 2000000,
            "Lmin": 300000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0850",
            "sector": "Health",
            "country": "DE",
            "stage": "B",
            "risk": "A",
            "mu": 0.11,
            "cap": 3100000,
            "Lmin": 700000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0851",
            "sector": "AI",
            "country": "DE",
            "stage": "Seed",
            "risk": "C",
            "mu": 0.145,
            "cap": 1500000,
            "Lmin": 200000,
            "ticket_min": 200000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0852",
            "sector": "Health",
            "country": "DE",
            "stage": "Seed",
            "risk": "A",
            "mu": 0.14,
            "cap": 3300000,
            "Lmin": 400000,
            "ticket_min": 200000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0853",
            "sector": "Health",
            "country": "FR",
            "stage": "B",
            "risk": "C",
            "mu": 0.188,
            "cap": 2800000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0854",
            "sector": "Climate",
            "country": "DE",
            "stage": "Seed",
            "risk": "D",
            "mu": 0.173,
            "cap": 1600000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0855",
            "sector": "Health",
            "country": "UK",
            "stage": "B",
            "risk": "D",
            "mu": 0.206,
            "cap": 1600000,
            "Lmin": 200000,
            "ticket_min": 100000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0856",
            "sector": "Fintech",
            "country": "UK",
            "stage": "B",
            "risk": "B",
            "mu": 0.212,
            "cap": 1600000,
            "Lmin": 300000,
            "ticket_min": 150000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0857",
            "sector": "AI",
            "country": "DE",
            "stage": "Seed",
            "risk": "B",
            "mu": 0.171,
            "cap": 2300000,
            "Lmin": 600000,
            "ticket_min": 100000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0858",
            "sector": "Health",
            "country": "FR",
            "stage": "Seed",
            "risk": "A",
            "mu": 0.19,
            "cap": 2600000,
            "Lmin": 400000,
            "ticket_min": 200000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0859",
            "sector": "AI",
            "country": "DE",
            "stage": "Seed",
            "risk": "C",
            "mu": 0.16,
            "cap": 3000000,
            "Lmin": 700000,
            "ticket_min": 200000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0860",
            "sector": "AI",
            "country": "DE",
            "stage": "B",
            "risk": "A",
            "mu": 0.209,
            "cap": 2400000,
            "Lmin": 500000,
            "ticket_min": 200000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0861",
            "sector": "AI",
            "country": "FR",
            "stage": "B",
            "risk": "D",
            "mu": 0.201,
            "cap": 2700000,
            "Lmin": 500000,
            "ticket_min": 100000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0862",
            "sector": "Fintech",
            "country": "FR",
            "stage": "A",
            "risk": "D",
            "mu": 0.087,
            "cap": 1900000,
            "Lmin": 700000,
            "ticket_min": 150000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0863",
            "sector": "Fintech",
            "country": "FR",
            "stage": "B",
            "risk": "C",
            "mu": 0.093,
            "cap": 1200000,
            "Lmin": 500000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0864",
            "sector": "AI",
            "country": "UK",
            "stage": "Seed",
            "risk": "C",
            "mu": 0.132,
            "cap": 3800000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0865",
            "sector": "AI",
            "country": "DE",
            "stage": "A",
            "risk": "A",
            "mu": 0.14,
            "cap": 2900000,
            "Lmin": 300000,
            "ticket_min": 150000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0866",
            "sector": "Climate",
            "country": "FR",
            "stage": "B",
            "risk": "B",
            "mu": 0.088,
            "cap": 3800000,
            "Lmin": 800000,
            "ticket_min": 100000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0867",
            "sector": "Climate",
            "country": "UK",
            "stage": "A",
            "risk": "B",
            "mu": 0.148,
            "cap": 1100000,
            "Lmin": 400000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0868",
            "sector": "Fintech",
            "country": "UK",
            "stage": "Seed",
            "risk": "D",
            "mu": 0.081,
            "cap": 1100000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0869",
            "sector": "AI",
            "country": "FR",
            "stage": "A",
            "risk": "A",
            "mu": 0.109,
            "cap": 1100000,
            "Lmin": 200000,
            "ticket_min": 100000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0870",
            "sector": "Health",
            "country": "DE",
            "stage": "A",
            "risk": "B",
            "mu": 0.209,
            "cap": 1300000,
            "Lmin": 600000,
            "ticket_min": 150000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0871",
            "sector": "AI",
            "country": "UK",
            "stage": "A",
            "risk": "B",
            "mu": 0.141,
            "cap": 3300000,
            "Lmin": 500000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0872",
            "sector": "AI",
            "country": "FR",
            "stage": "Seed",
            "risk": "B",
            "mu": 0.12,
            "cap": 1200000,
            "Lmin": 800000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0873",
            "sector": "Fintech",
            "country": "FR",
            "stage": "Seed",
            "risk": "B",
            "mu": 0.109,
            "cap": 3300000,
            "Lmin": 800000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0874",
            "sector": "Fintech",
            "country": "DE",
            "stage": "Seed",
            "risk": "C",
            "mu": 0.154,
            "cap": 2300000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0875",
            "sector": "Climate",
            "country": "UK",
            "stage": "Seed",
            "risk": "A",
            "mu": 0.201,
            "cap": 1700000,
            "Lmin": 800000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0876",
            "sector": "Fintech",
            "country": "FR",
            "stage": "B",
            "risk": "C",
            "mu": 0.158,
            "cap": 4000000,
            "Lmin": 300000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0877",
            "sector": "AI",
            "country": "DE",
            "stage": "A",
            "risk": "D",
            "mu": 0.215,
            "cap": 3900000,
            "Lmin": 700000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0878",
            "sector": "Fintech",
            "country": "FR",
            "stage": "B",
            "risk": "C",
            "mu": 0.092,
            "cap": 2800000,
            "Lmin": 400000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0879",
            "sector": "Health",
            "country": "FR",
            "stage": "B",
            "risk": "D",
            "mu": 0.217,
            "cap": 3500000,
            "Lmin": 800000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0880",
            "sector": "Climate",
            "country": "DE",
            "stage": "A",
            "risk": "B",
            "mu": 0.161,
            "cap": 1100000,
            "Lmin": 300000,
            "ticket_min": 150000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0881",
            "sector": "Fintech",
            "country": "UK",
            "stage": "Seed",
            "risk": "D",
            "mu": 0.098,
            "cap": 2300000,
            "Lmin": 200000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0882",
            "sector": "Health",
            "country": "FR",
            "stage": "Seed",
            "risk": "B",
            "mu": 0.115,
            "cap": 1000000,
            "Lmin": 200000,
            "ticket_min": 150000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0883",
            "sector": "Fintech",
            "country": "UK",
            "stage": "A",
            "risk": "D",
            "mu": 0.175,
            "cap": 2900000,
            "Lmin": 400000,
            "ticket_min": 100000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0884",
            "sector": "Fintech",
            "country": "DE",
            "stage": "B",
            "risk": "D",
            "mu": 0.1,
            "cap": 3800000,
            "Lmin": 300000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0885",
            "sector": "Fintech",
            "country": "DE",
            "stage": "A",
            "risk": "A",
            "mu": 0.2,
            "cap": 1900000,
            "Lmin": 600000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0886",
            "sector": "AI",
            "country": "FR",
            "stage": "Seed",
            "risk": "A",
            "mu": 0.192,
            "cap": 1100000,
            "Lmin": 400000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0887",
            "sector": "Fintech",
            "country": "DE",
            "stage": "B",
            "risk": "A",
            "mu": 0.211,
            "cap": 3900000,
            "Lmin": 600000,
            "ticket_min": 100000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0888",
            "sector": "Fintech",
            "country": "UK",
            "stage": "Seed",
            "risk": "B",
            "mu": 0.128,
            "cap": 2300000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0889",
            "sector": "Fintech",
            "country": "DE",
            "stage": "A",
            "risk": "A",
            "mu": 0.107,
            "cap": 2400000,
            "Lmin": 200000,
            "ticket_min": 150000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0890",
            "sector": "Health",
            "country": "UK",
            "stage": "B",
            "risk": "B",
            "mu": 0.121,
            "cap": 2000000,
            "Lmin": 300000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0891",
            "sector": "AI",
            "country": "FR",
            "stage": "B",
            "risk": "A",
            "mu": 0.102,
            "cap": 2600000,
            "Lmin": 600000,
            "ticket_min": 100000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0892",
            "sector": "Fintech",
            "country": "FR",
            "stage": "A",
            "risk": "A",
            "mu": 0.173,
            "cap": 2600000,
            "Lmin": 300000,
            "ticket_min": 200000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0893",
            "sector": "Health",
            "country": "UK",
            "stage": "A",
            "risk": "C",
            "mu": 0.214,
            "cap": 3600000,
            "Lmin": 300000,
            "ticket_min": 200000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0894",
            "sector": "Fintech",
            "country": "FR",
            "stage": "B",
            "risk": "D",
            "mu": 0.108,
            "cap": 1900000,
            "Lmin": 700000,
            "ticket_min": 150000,
            "deadline_period": 3,
            "theme": "none"
        },
        {
            "id": "c_0895",
            "sector": "Health",
            "country": "DE",
            "stage": "B",
            "risk": "D",
            "mu": 0.12,
            "cap": 2200000,
            "Lmin": 200000,
            "ticket_min": 100000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0896",
            "sector": "AI",
            "country": "DE",
            "stage": "Seed",
            "risk": "C",
            "mu": 0.217,
            "cap": 3500000,
            "Lmin": 700000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0897",
            "sector": "Climate",
            "country": "UK",
            "stage": "B",
            "risk": "A",
            "mu": 0.112,
            "cap": 3200000,
            "Lmin": 800000,
            "ticket_min": 150000,
            "deadline_period": 1,
            "theme": "none"
        },
        {
            "id": "c_0898",
            "sector": "AI",
            "country": "UK",
            "stage": "B",
            "risk": "A",
            "mu": 0.197,
            "cap": 1100000,
            "Lmin": 700000,
            "ticket_min": 200000,
            "deadline_period": 2,
            "theme": "none"
        },
        {
            "id": "c_0899",
            "sector": "Health",
            "country": "DE",
            "stage": "B",
            "risk": "C",
            "mu": 0.087,
            "cap": 3200000,
            "Lmin": 400000,
            "ticket_min": 150000,
            "deadline_period": 4,
            "theme": "none"
        },
        {
            "id": "c_0900",
            "sector": "Climate",
            "country": "UK",
            "stage": "A",
            "risk": "D",
            "mu": 0.172,
            "cap": 3900000,
            "Lmin": 600000,
            "ticket_min": 200000,
            "deadline_period": 1,
            "theme": "none"
        }
    ],
    "objective": {
        "mode": "linear"
    },
    "lpa_caps": {
        "per_line_max_pct_nav": 0.1,
        "sector_caps": {
            "AI": 0.4,
            "Energy": 0.3
        },
        "country_caps": {
            "FR": 0.6,
            "DE": 0.5
        }
    }
}

This is exactly the structure expected by the solver.

Run on your own JSON

We only read this file in your browser and POST it to demo.php?act=solve for computation.