California Emerging Ventures I, II, III & IV |
|
In 1998, CalPERS conducted a search for an advisor to manage a program to expand our access to venture capital funds. Grove Street Advisors was selected through a competitive process to manage this program called California Emerging Ventures (CEV). Over time, CalPERS expanded this program with CEV II, CEV III and CEV IV and the program's charter was broadened to include the full range of private equity funds.
About Grove Street Advisors
Grove Street Advisors manages customized private equity fund-of-funds for large institutional clients. Each client's program is managed as an individual account that is essentially a dedicated fund-of-funds.
Grove Street Advisors
20 William Street, Suite 230
Wellesley, MA 02481
(781) 263-6100
All of the information on this page is as of June 30, 2009.
Below is fund performance information for Grove Street Advisors.
Note: The figures shown are reported by the general partners. For funds with a vintage year of 2005 or sooner, the investment multiple was noted as N/M, which means Not Meaningful. The term N/A means Not Available.
|
Fund
Description |
Vin-
tage
Year1 |
Capital
Committed |
Cash In |
Cash Out |
Cash Out &
Remaining
Value |
Net IRR2 |
Foot-
notes |
Invest-
ment
Multiple3 |
Foot-
notes |
| 2003 Riverside Capital Appreciation Fund, L.P. |
2004 |
$12,500,000 |
$11,237,278 |
$3,682,232 |
$16,828,365 |
15.1% |
|
1.50x |
|
| 5AM Ventures II, L.P. |
2007 |
10,000,000 |
5,550,000 |
0 |
5,301,315 |
(3.4) |
N/M |
1.00x |
N/M |
| 5AM Ventures LLC |
2004 |
10,000,000 |
9,116,505 |
6,716,028 |
16,005,340 |
21.8 |
|
1.80x |
|
| Aberdare II Annex Fund, L.P. |
2006 |
5,985,000 |
4,587,500 |
0 |
4,934,164 |
5.5 |
N/M |
1.10x |
N/M |
| Aberdare Ventures II, L.P. |
2002 |
20,000,000 |
19,599,996 |
5,538,889 |
18,972,746 |
(1.0) |
|
1.00x |
|
| Aberdare Ventures, L.P. |
1999 |
2,500,000 |
2,218,900 |
1,361,751 |
2,561,026 |
2.5 |
|
1.20x |
|
| Abingworth Bioventures IV, L.P. |
2003 |
10,000,000 |
8,580,000 |
973,231 |
7,543,095 |
(4.5) |
|
0.90x |
|
| ABRY Partners V, L.P. |
2005 |
5,000,000 |
4,688,125 |
22,528 |
6,460,474 |
13.9 |
N/M |
1.40x |
N/M |
| ABRY Partners VI, L.P. |
2008 |
18,000,000 |
3,746,868 |
0 |
4,071,427 |
10.9 |
N/M |
1.10x |
N/M |
| Acacia Venture Partners II, L.P. |
1999 |
10,000,000 |
10,000,000 |
1,699,974 |
2,826,112 |
(21.3) |
|
0.30x |
|
| Alloy Ventures 2000, L.P. |
2000 |
10,000,000 |
10,000,000 |
1,337,310 |
5,240,300 |
(10.9) |
|
0.50x |
|
| Alloy Ventures 2002, L.P. |
2002 |
10,000,000 |
8,900,000 |
2,241,882 |
9,785,022 |
3.4 |
|
1.10x |
|
| Altor 2003 Fund (No.1) Limited Partnership4 |
2003 |
12,473,680 |
12,381,917 |
19,493,244 |
29,698,287 |
36.2 |
|
2.40x |
|
| AMV Partners I, LP |
2004 |
15,000,000 |
12,493,610 |
0 |
11,119,180 |
(3.4) |
|
0.90x |
|
| Apax Israel II L.P. |
1999 |
5,000,000 |
5,000,000 |
2,663,479 |
3,329,230 |
(10.3) |
|
0.70x |
|
| Applied Genomic Technology Capital Fund, L.P. |
2001 |
5,000,000 |
5,000,000 |
3,578,364 |
6,267,762 |
4.8 |
|
1.30x |
|
| ARCH Venture Fund V, L.P. |
2001 |
12,500,000 |
12,375,000 |
679,021 |
7,573,127 |
(9.6) |
|
0.60x |
|
| ArrowPath Fund II, L.P. |
2001 |
5,000,000 |
4,250,000 |
2,292,639 |
3,926,479 |
(3.0) |
|
0.90x |
|
| Atlas Venture Fund VI, L.P. |
2001 |
6,200,000 |
6,200,000 |
1,096,527 |
4,315,644 |
(9.5) |
|
0.70x |
|
| Audax Mezzanine Fund, L.P. |
2002 |
100,000,000 |
100,000,000 |
96,581,813 |
130,354,061 |
11.4 |
|
1.30x |
|
| Audax Private Equity Fund, L.P. |
2000 |
100,000,000 |
99,999,999 |
136,025,887 |
143,520,837 |
11.5 |
|
1.40x |
|
| Austin Ventures IX, L.P. |
2006 |
17,500,000 |
11,432,858 |
1,028,802 |
11,138,363 |
(1.6) |
N/M |
1.00x |
N/M |
| Austin Ventures VII, L.P. |
1999 |
15,000,000 |
15,000,000 |
5,444,039 |
9,563,801 |
(8.9) |
|
0.60x |
|
| Austin Ventures VIII, L.P. |
2001 |
41,500,000 |
41,500,000 |
11,959,379 |
44,398,110 |
1.8 |
|
1.10x |
|
| Avalon Ventures VIII, L.P. |
2007 |
15,000,000 |
4,125,000 |
0 |
6,894,553 |
76.8 |
N/M |
1.70x |
N/M |
| Baring India Private Equity Fund II Limited |
2005 |
5,000,000 |
3,781,668 |
140,337 |
2,300,577 |
(19.9) |
N/M |
0.60x |
N/M |
| Baring India Private Equity Fund III Limited |
2008 |
10,000,000 |
1,187,554 |
0 |
1,107,477 |
(10.9) |
N/M |
0.90x |
N/M |
| Battery Ventures VI, L.P. |
2000 |
6,311,253 |
6,311,253 |
4,025,286 |
7,096,544 |
2.6 |
|
1.10x |
|
| Battery Ventures VII, L.P. |
2005 |
3,333,333 |
3,050,000 |
328,213 |
3,297,249 |
3.1 |
N/M |
1.10x |
N/M |
| Battery Ventures VIII Side Fund, L.P. |
2008 |
3,000,000 |
864,000 |
0 |
883,635 |
4.0 |
N/M |
1.00x |
N/M |
| Battery Ventures VIII, L.P. |
2007 |
6,000,000 |
2,760,000 |
0 |
2,506,433 |
(8.1) |
N/M |
0.90x |
N/M |
| Bay Partners X, L.P. |
2001 |
20,000,000 |
19,690,000 |
1,548,030 |
12,295,503 |
(10.9) |
|
0.60x |
|
| Bay Partners XI, L.P. |
2006 |
5,000,000 |
2,660,000 |
0 |
1,881,086 |
(18.6) |
N/M |
0.70x |
N/M |
| Berkshire Fund VI, Limited Partnership |
2002 |
25,000,000 |
22,868,527 |
14,954,411 |
33,338,710 |
19.7 |
|
1.50x |
|
| Berkshire Fund VII, L.P. |
2006 |
25,000,000 |
6,545,592 |
537,167 |
5,962,717 |
(6.0) |
N/M |
0.90x |
N/M |
| Bertram Growth Capital I, L.P. |
2007 |
20,000,000 |
9,461,333 |
0 |
11,974,538 |
19.3 |
N/M |
1.30x |
N/M |
| BlueStream Ventures, L.P. |
2000 |
7,500,000 |
7,275,000 |
1,456,844 |
3,346,620 |
(14.9) |
|
0.50x |
|
| Bowmark Capital Partners III-A L.P.4 |
2004 |
19,021,107 |
18,098,783 |
19,198,387 |
26,509,590 |
22.6 |
|
1.50x |
|
| Bowmark Capital Partners IV, L.P.4 |
2008 |
17,002,739 |
3,173,847 |
0 |
2,223,541 |
(27.4) |
N/M |
0.70x |
N/M |
| Bridgescale Partners, L.P. |
2006 |
2,500,000 |
1,175,000 |
184,238 |
934,036 |
(11.1) |
N/M |
0.80x |
N/M |
| Brynwood Partners V L.P. |
2005 |
5,000,000 |
4,626,888 |
378,559 |
6,591,929 |
12.2 |
N/M |
1.40x |
N/M |
| Caduceus Private Investments II, L.P. |
2003 |
10,000,000 |
9,410,233 |
7,554,371 |
13,606,734 |
13.8 |
|
1.40x |
|
| Caduceus Private Investments III, L.P. |
2007 |
10,000,000 |
5,725,000 |
0 |
5,193,075 |
(6.9) |
N/M |
0.90x |
N/M |
| Capital Royalty Parallel I, L.P. |
2005 |
10,000,000 |
8,860,000 |
1,318,416 |
8,123,001 |
(4.7) |
N/M |
0.90x |
N/M |
| Carmel Software Fund (Delaware) L.P. |
2000 |
7,175,000 |
6,968,750 |
4,732,872 |
9,545,212 |
8.6 |
|
1.40x |
|
| Carmel Ventures II, L.P. |
2005 |
5,000,000 |
4,025,000 |
0 |
3,473,505 |
(7.3) |
N/M |
0.90x |
N/M |
| Carmel Ventures III, L.P. |
2008 |
5,000,000 |
562,500 |
0 |
433,490 |
(33.7) |
N/M |
0.80x |
N/M |
| Celtic House Venture Partners Fund III (U.S.), L.P. |
2005 |
10,000,000 |
5,735,527 |
153,443 |
4,298,985 |
(13.3) |
N/M |
0.70x |
N/M |
| Ceyuan Ventures II, L.P. |
2008 |
5,000,000 |
1,000,000 |
0 |
881,142 |
(9.4) |
N/M |
0.90x |
N/M |
| Clearstone Venture Partners I-B, L.P. |
1999 |
2,500,000 |
2,500,000 |
6,674,278 |
6,996,879 |
154.7 |
|
2.80x |
|
| Clearstone Venture Partners II-A, L.P. |
1999 |
20,000,000 |
19,600,000 |
3,377,316 |
9,749,916 |
(13.9) |
|
0.50x |
|
| Commonwealth Capital Ventures III, L.P. |
2000 |
10,000,268 |
10,000,268 |
1,596,456 |
10,454,675 |
1.1 |
|
1.00x |
|
| Commonwealth Capital Ventures IV, L.P. |
2007 |
15,000,000 |
6,075,000 |
584,647 |
4,999,627 |
(13.4) |
N/M |
0.80x |
N/M |
| Convergence Ventures II, L.P. |
1999 |
5,000,000 |
5,000,000 |
0 |
641,902 |
(23.6) |
|
0.10x |
|
| DCM III, L.P. |
2000 |
25,000,000 |
24,125,000 |
12,586,145 |
25,956,124 |
1.3 |
|
1.10x |
|
| Draper Fisher Jurvetson Fund VII, L.P. |
2000 |
25,000,000 |
24,750,000 |
3,972,610 |
21,329,144 |
(3.4) |
|
0.90x |
|
| DT Capital China Growth Fund, L.P. |
2008 |
10,000,000 |
3,467,274 |
0 |
3,199,085 |
(6.9) |
N/M |
0.90x |
N/M |
| DT Ventures China Fund II, L.P. |
2007 |
5,000,000 |
4,422,040 |
0 |
4,728,192 |
2.8 |
N/M |
1.10x |
N/M |
| Eos Capital Partners III, L.P. |
2005 |
15,000,000 |
11,606,959 |
3,453,497 |
13,497,320 |
6.6 |
N/M |
1.20x |
N/M |
| Eos Capital Partners IV, L.P. |
2007 |
15,000,000 |
2,337,940 |
16,875 |
1,950,847 |
(14.8) |
N/M |
0.80x |
N/M |
| FFC Partners II, L.P. |
2000 |
6,000,000 |
5,508,185 |
4,144,282 |
7,528,637 |
7.4 |
|
1.40x |
|
| Flagship Ventures Fund 2007, L.P. |
2007 |
15,000,000 |
4,462,500 |
0 |
3,945,362 |
(16.2) |
N/M |
0.90x |
N/M |
| Fletcher Spaght Ventures, L.P. |
2001 |
5,000,000 |
5,000,000 |
2,392,466 |
5,652,321 |
4.2 |
|
1.10x |
|
| Focus Ventures II, L.P. |
2000 |
5,000,000 |
4,725,000 |
2,950,540 |
4,599,344 |
(.5) |
|
1.00x |
|
| Foundry Venture Capital 2007, L.P. |
2007 |
10,000,000 |
3,912,500 |
0 |
5,144,264 |
31.9 |
N/M |
1.30x |
N/M |
| Friedman Fleischer & Lowe Capital Partners II, L.P. |
2005 |
20,000,000 |
14,949,743 |
0 |
16,698,008 |
4.7 |
N/M |
1.10x |
N/M |
| Frontenac VIII Limited Partnership |
2000 |
10,000,000 |
9,550,000 |
4,066,489 |
8,623,484 |
(2.2) |
|
0.90x |
|
| Garnett & Helfrich Capital, L.P. |
2005 |
14,000,000 |
9,749,300 |
0 |
13,864,220 |
11.5 |
N/M |
1.40x |
N/M |
| Gemini Israel III Limited Partnership |
2000 |
7,208,196 |
7,208,196 |
5,362,575 |
6,875,156 |
(1.3) |
|
1.00x |
|
| General Catalyst Group II, L.P. |
2001 |
25,000,000 |
23,375,000 |
7,335,446 |
27,665,607 |
3.9 |
|
1.20x |
|
| General Catalyst Group, LLC |
2000 |
3,975,000 |
3,875,625 |
3,875,609 |
4,046,783 |
.8 |
|
1.00x |
|
| Genstar Capital Partners III, L.P. |
2003 |
4,974,666 |
4,919,662 |
9,978,176 |
11,671,013 |
40.1 |
|
2.40x |
|
| Global Catalyst Partners II, L.P. |
2002 |
5,000,000 |
5,000,000 |
0 |
1,860,928 |
(20.7) |
|
0.40x |
|
| Global Catalyst Partners III, L.P. |
2006 |
5,000,000 |
3,350,000 |
0 |
2,042,828 |
(24.3) |
N/M |
0.60x |
N/M |
| Graham Partners II, L.P. |
2005 |
5,000,000 |
4,051,282 |
15,520 |
4,064,041 |
.1 |
N/M |
1.00x |
N/M |
| Granite Global Ventures (Q.P.) L.P. |
2001 |
19,517,762 |
19,170,887 |
24,872,731 |
40,600,360 |
27.6 |
|
2.10x |
|
| GRP II, L.P. |
2000 |
5,000,000 |
4,352,982 |
2,753,517 |
6,180,253 |
7.1 |
|
1.40x |
|
| GRP III, L.P. |
2009 |
5,000,000 |
718,750 |
0 |
534,851 |
n.m. |
N/M |
0.70x |
N/M |
| Harren Investors II, L.P. |
2008 |
8,750,000 |
1,000,000 |
0 |
775,134 |
(21.8) |
N/M |
0.80x |
N/M |
| HealthCap IV, L.P.4 |
2002 |
6,654,967 |
6,654,967 |
3,892,042 |
7,739,613 |
4.6 |
|
1.20x |
|
| Healthcare Focus Fund, L.P. |
2001 |
30,000,000 |
30,000,000 |
3,912,870 |
19,452,526 |
(7.7) |
|
0.60x |
|
| Highland Capital Partners V Limited Partnership |
2000 |
5,000,000 |
5,000,000 |
3,229,698 |
4,624,559 |
(1.5) |
|
0.90x |
|
| Highland Capital Partners VI Limited Partnership |
2001 |
35,000,000 |
34,212,500 |
26,304,156 |
40,329,002 |
7.0 |
|
1.20x |
|
| Highland Capital Partners VII Limited Partnership |
2006 |
7,500,000 |
3,881,250 |
297,962 |
3,136,105 |
(14.7) |
N/M |
0.80x |
N/M |
| Highland Consumer Fund I Limited Partnership |
2007 |
15,000,000 |
6,150,000 |
0 |
3,750,066 |
(27.3) |
N/M |
0.60x |
N/M |
| Huntsman Gay Capital Partners Fund, L.P. |
2008 |
20,000,000 |
3,109,031 |
0 |
2,604,375 |
(26.2) |
N/M |
0.80x |
N/M |
| i2 Capital Partners4 |
2008 |
14,208,418 |
5,921,062 |
0 |
6,210,488 |
4.3 |
N/M |
1.00x |
N/M |
| i-Hatch Ventures, L.P. |
2000 |
3,625,000 |
3,625,000 |
2,594,667 |
4,624,306 |
4.3 |
|
1.30x |
|
| Index Ventures II (Delaware), L.P. |
2001 |
5,000,000 |
4,989,255 |
7,062,224 |
9,612,345 |
29.0 |
|
1.90x |
|
| Index Ventures III (Delaware) L.P.4 |
2005 |
5,332,790 |
3,943,995 |
976,251 |
5,485,824 |
16.4 |
N/M |
1.40x |
N/M |
| Indium (Mauritius) PCC (fka IVF (Mauritius) PCC) |
2005 |
5,000,000 |
4,263,896 |
3,661,069 |
7,138,917 |
30.9 |
N/M |
1.70x |
N/M |
| Indium III (Mauritius) Holdings Limited
(fka IVF III (Mauritius) Holdings Limited) |
2007 |
10,000,000 |
5,657,680 |
0 |
4,959,250 |
(10.7) |
N/M |
0.90x |
N/M |
| Insight Capital Partners III, L.P. |
1999 |
7,500,000 |
7,500,000 |
6,140,140 |
7,299,809 |
(.5) |
|
1.00x |
|
| Insight Venture Partners IV, L.P. |
2000 |
40,000,000 |
38,420,000 |
33,403,863 |
61,855,948 |
11.6 |
|
1.60x |
|
| Institutional Venture Partners X, L.P. |
2001 |
10,000,000 |
10,000,000 |
10,330,056 |
13,724,880 |
7.1 |
|
1.40x |
|
| International Life Sciences Fund III (LP1), L.P. |
2002 |
10,000,000 |
8,889,622 |
5,821,052 |
12,151,145 |
11.2 |
|
1.40x |
|
| Investcorp Technology Partners III, L.P. |
2008 |
15,000,000 |
3,729,182 |
0 |
3,514,992 |
(7.4) |
N/M |
0.90x |
N/M |
| Israel Seed IV, L.P. |
2000 |
2,500,000 |
2,425,000 |
410,174 |
1,186,185 |
(14.5) |
|
0.50x |
|
| Jerusalem Venture Partners IV, L.P. |
2001 |
7,500,000 |
7,500,000 |
1,189,221 |
6,139,000 |
(4.1) |
|
0.80x |
|
| JMI Equity Fund IV, L.P. |
1999 |
2,500,000 |
2,396,434 |
1,880,829 |
2,798,888 |
3.2 |
|
1.20x |
|
| Kettle Partners Limited Partnership II |
2000 |
1,675,000 |
1,491,250 |
0 |
458,385 |
(13.7) |
|
0.30x |
|
| KPS Special Situations Fund II (A), L.P. |
2003 |
20,000,000 |
15,777,202 |
22,418,788 |
31,609,459 |
50.0 |
|
2.00x |
|
| Lake Capital Partners LP |
2002 |
10,000,000 |
8,861,605 |
4,070,017 |
9,544,696 |
3.2 |
|
1.10x |
|
| Lighthouse Capital Partners III, L.P. |
1999 |
10,000,000 |
8,500,000 |
7,869,240 |
9,000,553 |
2.0 |
|
1.10x |
|
| Lighthouse Capital Partners IV, L.P. |
2000 |
50,000,000 |
45,000,000 |
44,579,236 |
52,891,335 |
3.5 |
|
1.20x |
|
| Lightspeed Venture Partners VI, L.P. |
2000 |
40,000,000 |
34,500,911 |
24,049,537 |
39,055,728 |
3.0 |
|
1.10x |
|
| Lime Rock Partners II, L.P. |
2003 |
10,000,000 |
8,728,730 |
25,922,720 |
26,921,918 |
54.6 |
|
3.10x |
|
| Menlo Ventures IX, L.P. |
2001 |
15,000,000 |
14,250,000 |
6,158,777 |
13,988,165 |
(.5) |
|
1.00x |
|
| Morgan Stanley Dean Witter Venture Partners IV, L.P. |
1999 |
5,000,000 |
5,000,000 |
2,179,667 |
4,008,609 |
(3.3) |
|
0.80x |
|
| Morgenthaler Partners VII, L.P. |
2001 |
10,000,000 |
9,500,000 |
3,239,302 |
7,442,171 |
(7.0) |
|
0.80x |
|
| MPM BioVentures III-QP, L.P. |
2002 |
50,000,000 |
48,350,000 |
21,685,468 |
48,675,910 |
.2 |
|
1.00x |
|
| MPM BioVentures II-QP, L.P. |
2000 |
5,000,000 |
4,925,000 |
1,316,784 |
3,600,074 |
(4.7) |
|
0.70x |
|
| Nautic Partners V, L.P. |
2000 |
10,000,000 |
9,312,683 |
9,805,881 |
14,544,782 |
14.2 |
|
1.60x |
|
| New Enterprise Associates 10, Limited Partnership |
2000 |
75,000,000 |
72,375,000 |
42,986,224 |
78,755,044 |
2.1 |
|
1.10x |
|
| New Enterprise Associates 9, Limited Partnership |
1999 |
5,000,000 |
4,900,000 |
833,265 |
2,012,603 |
(11.3) |
|
0.40x |
|
| New Mountain Partners, L.P. |
2000 |
100,025,000 |
83,882,937 |
95,044,034 |
123,887,605 |
14.4 |
|
1.50x |
|
| NewMargin Growth Fund, L.P. |
2008 |
10,000,000 |
4,000,000 |
0 |
3,775,543 |
(5.8) |
N/M |
0.90x |
N/M |
| North Bridge Venture Partners IV-B, L.P. |
1999 |
10,000,000 |
9,600,000 |
4,523,846 |
9,647,342 |
.1 |
|
1.00x |
|
| North Bridge Venture Partners V-A, L.P. |
2001 |
40,000,000 |
32,800,000 |
9,959,357 |
25,403,136 |
(9.9) |
|
0.80x |
|
| Oak Investment Partners IX, Limited Partnership |
1999 |
10,000,000 |
10,000,000 |
5,707,963 |
7,622,092 |
(4.7) |
|
0.80x |
|
| Oak Investment Partners X, Limited Partnership |
2001 |
25,000,000 |
25,000,000 |
13,246,908 |
28,426,742 |
3.3 |
|
1.10x |
|
| OpenView Venture Partners, L.P. |
2007 |
10,000,000 |
5,975,000 |
0 |
6,982,060 |
10.1 |
N/M |
1.20x |
N/M |
| Opus Capital Venture Partners V, L.P. |
2006 |
15,000,000 |
7,284,223 |
944,311 |
6,890,229 |
(4.7) |
N/M |
0.90x |
N/M |
| OVP Venture Partners VI, L.P. |
2001 |
5,000,000 |
4,825,000 |
704,809 |
2,928,152 |
(15.7) |
|
0.60x |
|
| Oxford Bioscience Partners III L.P. |
1999 |
2,500,000 |
2,500,000 |
731,971 |
1,476,811 |
(7.8) |
|
0.60x |
|
| Oxford Bioscience Partners IV L.P. |
2001 |
30,000,000 |
30,000,000 |
13,844,578 |
28,466,185 |
(1.3) |
|
0.90x |
|
| Palomar Ventures II, L.P. |
2000 |
7,500,000 |
7,170,000 |
1,500,000 |
4,208,859 |
(10.9) |
|
0.60x |
|
| Partech International Ventures IV |
2000 |
5,000,000 |
5,000,000 |
825,555 |
3,540,439 |
(6.5) |
|
0.70x |
|
| Perseus 2000 Expansion, L.L.C. |
2004 |
12,500,000 |
11,689,829 |
3,303,172 |
8,982,706 |
(9.9) |
|
0.80x |
|
| Perseus Market Opportunity Fund, L.P. |
2004 |
12,500,000 |
12,500,000 |
3,326,893 |
8,981,983 |
(14.1) |
|
0.70x |
|
| Pinnacle Ventures I-B, L.P. |
2002 |
30,040,818 |
30,040,818 |
24,691,393 |
34,440,952 |
3.8 |
|
1.10x |
|
| Pitango Venture Capital Fund III (USA) LP |
2000 |
5,000,000 |
5,000,000 |
302,894 |
2,640,690 |
(10.7) |
|
0.50x |
|
| Pitango Venture Capital Fund IV, L.P. |
2004 |
20,000,000 |
15,200,000 |
4,826,274 |
17,352,165 |
5.0 |
|
1.10x |
|
| Polaris Venture Partners IV, L.P. |
2002 |
10,000,000 |
9,950,000 |
2,065,495 |
10,186,800 |
.7 |
|
1.00x |
|
| Prism Venture Partners III, L.P. |
2000 |
5,000,000 |
4,900,000 |
1,647,579 |
1,773,204 |
(15.6) |
|
0.40x |
|
| Prism Venture Partners IV, L.P. |
2001 |
25,000,000 |
23,000,000 |
7,631,175 |
15,074,924 |
(11.4) |
|
0.70x |
|
| Quadrangle Capital Partners LP |
2000 |
50,000,000 |
42,608,899 |
42,926,160 |
61,974,830 |
9.4 |
|
1.50x |
|
| Redpoint Ventures II, L.P. |
2000 |
9,000,000 |
8,550,000 |
3,234,646 |
9,640,045 |
2.6 |
|
1.10x |
|
| Rembrandt Venture Partners II, L.P. |
2007 |
2,398,836 |
2,188,836 |
803,693 |
2,088,745 |
(4.9) |
N/M |
1.00x |
N/M |
| Rho Ventures V, L.P. |
2005 |
5,000,000 |
3,800,000 |
626,215 |
3,450,109 |
(5.0) |
N/M |
0.90x |
N/M |
| Rhone Partners II, L.P. |
2003 |
11,250,000 |
9,333,772 |
16,423,789 |
23,215,425 |
49.2 |
|
2.50x |
|
| Rosewood Capital IV, L.P. |
2000 |
50,000,000 |
33,155,734 |
36,074,342 |
42,678,320 |
7.4 |
|
1.30x |
|
| SB Asia Investment Fund II L.P. |
2005 |
7,500,000 |
7,389,301 |
1,601,197 |
13,299,257 |
21.1 |
N/M |
1.80x |
N/M |
| Schroder Ventures International Life Sciences Fund II, L.P. 1 |
1999 |
10,000,000 |
9,640,000 |
11,532,305 |
13,274,359 |
6.6 |
|
1.40x |
|
| Sequel Limited Partnership II |
1999 |
7,500,000 |
7,125,000 |
3,455,117 |
3,873,874 |
(9.7) |
|
0.50x |
|
| Sequel Limited Partnership III |
2000 |
25,000,000 |
23,750,000 |
10,907,969 |
20,204,064 |
(5.0) |
|
0.90x |
|
| Sevin Rosen Fund VIII L.P. |
2000 |
10,290,000 |
10,084,200 |
511,171 |
2,666,481 |
(25.7) |
|
0.30x |
|
| Sierra Ventures VIII-A, L.P. |
2000 |
20,000,000 |
20,000,000 |
6,650,984 |
16,137,903 |
(5.7) |
|
0.80x |
|
| Sinergia con Imprenditori4 |
2005 |
11,031,197 |
8,873,315 |
2,578,873 |
9,626,392 |
6.1 |
N/M |
1.10x |
N/M |
| Skyline Venture Partners Qualified Purchaser Fund III, L.P. |
2001 |
5,000,000 |
4,614,159 |
3,126,215 |
5,518,321 |
4.4 |
|
1.20x |
|
| Solera Partners, L.P. |
2000 |
75,000,000 |
72,926,899 |
102,345 |
67,725,694 |
(1.5) |
|
0.90x |
|
| Sorenson Capital Partners, L.P. |
2004 |
10,000,000 |
8,319,468 |
8,210,208 |
15,659,483 |
29.5 |
|
1.90x |
|
| Southvest Fund V, L.P. |
2005 |
5,000,000 |
3,686,259 |
1,139,737 |
4,725,999 |
13.9 |
N/M |
1.30x |
N/M |
| Spectrum Equity Investors IV, L.P. |
2000 |
75,000,000 |
72,750,000 |
59,753,291 |
90,601,122 |
6.9 |
|
1.20x |
|
| Sports Capital Partners CEV, LLC |
2001 |
122,000,000 |
121,544,054 |
77,915,626 |
109,319,172 |
(3.7) |
|
0.90x |
|
| STG III, L.P. |
2007 |
15,555,556 |
3,426,207 |
0 |
1,226,389 |
(64.4) |
N/M |
0.40x |
N/M |
| Summit Accelerator Fund, L.P. |
1999 |
1,500,000 |
1,417,500 |
1,334,418 |
1,835,444 |
5.6 |
|
1.30x |
|
| Summit Ventures VI-A, L.P. |
2001 |
25,000,000 |
25,000,000 |
18,823,426 |
36,353,927 |
12.6 |
|
1.50x |
|
| SV Life Sciences Fund IV, L.P. |
2007 |
15,000,000 |
7,425,000 |
0 |
6,718,510 |
(7.6) |
N/M |
0.90x |
N/M |
| TA IX, L.P. |
2000 |
61,500,000 |
59,655,000 |
79,852,431 |
118,828,565 |
20.6 |
|
2.00x |
|
| TA Subordinated Debt Fund, L.P. |
2000 |
38,500,000 |
38,500,000 |
47,440,737 |
54,702,549 |
15.0 |
|
1.40x |
|
| Tallwood II Annex, L.P. |
2009 |
750,000 |
450,000 |
0 |
406,173 |
(25.7) |
N/M |
0.90x |
N/M |
| Tallwood II, L.P. |
2002 |
5,000,000 |
5,000,000 |
182,594 |
2,146,328 |
(25.0) |
|
0.40x |
|
| TCV III (Q), L.P. |
1999 |
7,775,000 |
7,775,000 |
9,866,848 |
10,157,198 |
14.1 |
|
1.30x |
|
| TCV IV, L.P. |
1999 |
25,000,000 |
24,222,500 |
21,154,239 |
29,735,656 |
4.7 |
|
1.20x |
|
| TCV VI, L.P. |
2006 |
20,000,000 |
15,642,000 |
4,711,894 |
15,056,634 |
(2.5) |
N/M |
1.00x |
N/M |
| The Column Group, L.P. |
2007 |
5,000,000 |
883,044 |
0 |
579,300 |
(33.7) |
N/M |
0.70x |
N/M |
| Third Rock Ventures, L.P. |
2007 |
15,000,000 |
2,475,000 |
0 |
1,763,993 |
(33.6) |
N/M |
0.70x |
N/M |
| Three Arch Capital, L.P. |
2000 |
40,081,923 |
37,375,423 |
6,650,736 |
32,562,187 |
(3.0) |
|
0.90x |
|
| Three Arch Partners III, L.P. |
2000 |
2,696,735 |
2,615,485 |
949,447 |
2,404,559 |
(2.3) |
|
0.90x |
|
| Three Arch Partners IV, L.P. |
2004 |
25,000,000 |
16,312,500 |
2,427,061 |
12,432,259 |
(13.1) |
|
0.80x |
|
| Trident Capital Fund - V, L.P. |
2000 |
5,293,999 |
4,773,440 |
3,004,946 |
5,724,432 |
4.6 |
|
1.20x |
|
| Trinity Ventures VIII, L.P. |
2000 |
4,500,000 |
4,335,000 |
2,167,630 |
4,419,177 |
.5 |
|
1.00x |
|
| U.S. Venture Partners VIII, L.P. |
2001 |
18,750,000 |
18,450,000 |
5,109,223 |
13,775,543 |
(6.7) |
|
0.70x |
|
| United States Power Fund, L.P. |
2003 |
15,000,000 |
15,000,000 |
21,381,216 |
28,680,048 |
30.2 |
|
1.90x |
|
| Updata Partners III, L.P. |
2005 |
10,000,000 |
9,080,000 |
267,683 |
7,581,428 |
(7.0) |
N/M |
0.80x |
N/M |
| Updata Partners IV, L.P. |
2007 |
10,000,000 |
2,600,000 |
0 |
1,854,603 |
(34.9) |
N/M |
0.70x |
N/M |
| Updata Venture Partners II, L.P. |
2001 |
5,000,000 |
4,975,000 |
2,467,520 |
4,487,656 |
(3.7) |
|
0.90x |
|
| VantagePoint Venture Partners III (Q), L.P. |
1999 |
15,000,000 |
15,000,000 |
5,097,391 |
8,884,336 |
(10.1) |
|
0.60x |
|
| VantagePoint Venture Partners IV (Q), L.P. |
2000 |
50,000,000 |
50,000,000 |
12,696,953 |
50,402,937 |
.2 |
|
1.00x |
|
| Vector Capital II, L.P. |
1999 |
5,360,249 |
5,143,856 |
8,239,611 |
9,131,629 |
12.7 |
|
1.80x |
|
| Vector Capital IV, L.P. |
2007 |
25,000,000 |
4,302,160 |
0 |
3,938,131 |
(7.8) |
N/M |
0.90x |
N/M |
| Ventures West 7 U.S. Limited Partnership |
2000 |
4,999,985 |
4,999,985 |
2,732,914 |
4,703,164 |
(1.4) |
|
0.90x |
|
| VIP I B L.P.4 |
2007 |
10,865,957 |
1,305,430 |
0 |
358,646 |
(68.6) |
N/M |
0.30x |
N/M |
| Weiss, Peck & Greer Venture Associates V, L.L.C. |
1999 |
5,000,000 |
4,884,412 |
2,474,864 |
3,771,573 |
(5.8) |
|
0.80x |
|
| West Rim Capital Partners II, L.P. |
2008 |
10,000,000 |
2,144,271 |
0 |
2,126,972 |
(.9) |
N/M |
1.00x |
N/M |
| WIIG Communications Partners, L.P. |
2000 |
2,500,000 |
2,275,882 |
748,814 |
756,783 |
(18.9) |
|
0.30x |
|
| Worldview Technology Partners IV, L.P. |
2001 |
9,065,012 |
8,475,588 |
1,742,141 |
5,567,218 |
(8.9) |
|
0.70x |
|
|
| |
|
| N/M |
Internal rates of return (IRR) and multiples are not meaningful in the early years of a fund nor are they indicative of future performance. |
| n/a |
Not applicable. |
| n.m. |
Not meaningful. |
| 1 |
Vintage Years are determined based on the latter of i) the date CEV first contributed capital to the fund or ii) the date the fund made its first investment. |
| 2 |
IRR is calculated based upon actual dates of cash flows and quarter-end valuations. The IRR calculation includes interest paid, if applicable. |
| 3 |
Multiple is calculated as "Cash Out + Remaining Value" divided by "Cash In." |
| 4 |
Commitment is denominated in foreign currency, therefore U.S. dollar commitment will fluctuate quarter-to-quarter. |
| TBD |
The fund has not yet made its first investment. |
| |
|
|
|
