AIM Program Fund Performance Review
Since inception in 1990 to June 30, 2009, the Alternative Investment Management (AIM) Program has generated $14.4 billion in profits for CalPERS. Given the young, weighted-average age of the portfolio (3.9 years) this amount will continue to grow as the portfolio matures.
All information on this page is as of June 30, 2009.
June 30, 2009 is the latest private equity performance information available. At the end of each quarter, the General Partners report on the value of invested capital. They have up to 120 days to provide Limited Partners with financial data, so there is generally a two-quarter "lag" in performance reporting.
How to Read the Performance Review Table
The table, which is updated quarterly, provides information on the status of the CalPERS private equity commitments. The left-hand column lists all funds to which CalPERS has committed capital. The column "Capital Committed" identifies the original amount CalPERS agreed to invest in each fund. "Cash In" represents capital contributed for investments and management fees. "Cash Out" represents distributions CalPERS has received back from the fund.
Reported performance may reflect a variety of factors. One fund may be in the formative stage when management fees have a larger negative impact on results in the initial years (see our Private Equity Performance Review section that discusses the J-Curve Effect). Another fund may be realizing investments in some companies and distributing the proceeds to investors. Performance may also be influenced by the performance cycle within industries or the strategies in which funds invest, such as technology versus manufacturing, or venture capital versus buyout. There are no generally accepted standards, practices, or policies for reporting private equity valuations. Generally, private equity partnerships take 10 to 12 years to realize full value. Most General Partners tend to have a conservative valuation approach, and as a result interim reported values could differ materially from the values realized when portfolio companies are sold. For these reasons it is not always meaningful to compare the interim returns or multiples for funds, particularly for funds of different vintage years or investment strategies.
In evaluating private equity performance, CalPERS emphasizes using both the realized IRR along with "Cash Out & Remaining Value" divided by the Cash In. Interim IRRs by themselves are not the best indicators of how a fund is performing or how it will perform over its full life.
Note: The table below reflects the performance of all active AIM partnership investments as of June 30, 2009. The table does not include any exited partnership investments. The reported value figures shown are representative of CalPERS' position in each investment. For funds formed during or after a vintage year of 2005, the investment multiple was noted as "N/M" which means Not Meaningful. Industry practice dictates that these funds are in the early stages of their investment life cycle and any performance analysis done on these funds would not generate meaningful results as private equity funds are understood to be long-term investments. It is strongly advised that you review our information on the J-Curve Effect: Earning Acceptable Returns under the Private Equity Performance Review area for detailed explanation. The term "N/A" means Not Available.
|
Fund
Description |
Vin-
tage
Year |
Capital
Committed |
Cash In |
Cash Out |
Cash Out &
Remaining
Value |
Net IRR |
Foot-
notes |
Invest-
ment
Multiple |
Foot-
notes |
| Aberdare III |
2005 |
$22,500,000 |
$16,818,750 |
$4,246,242 |
$16,459,376 |
(1.1)% |
N/M |
1.00x |
N/M |
| Aberdare IV |
2008 |
50,000,000 |
6,625,000 |
0 |
5,758,528 |
(20.0) |
N/M |
0.90x |
N/M |
| Acon-Bastion Partners II, L.P. |
2006 |
70,000,000 |
30,628,484 |
169,083 |
20,270,994 |
(22.3) |
N/M |
0.70x |
N/M |
| Advent Global Private Equity IV-A, L.P. |
2002 |
25,000,000 |
23,750,000 |
69,498,432 |
74,718,143 |
52.4 |
|
3.10x |
|
| Advent International GPE V-D, L.P. |
2005 |
82,083,556 |
71,984,469 |
62,184,053 |
121,480,714 |
63.2 |
N/M |
1.70x |
N/M |
| Advent International GPE VI-A, L.P. |
2008 |
500,000,000 |
92,500,000 |
0 |
74,690,955 |
(30.4) |
N/M |
0.80x |
N/M |
| Advent Japan Private Equity Fund, LP |
2008 |
116,930,276 |
5,083,875 |
0 |
533,975 |
(100.0) |
N/M |
0.10x |
N/M |
| Advent Latin America Private Equity IV-D |
2007 |
200,000,000 |
111,000,000 |
0 |
105,315,678 |
(4.7) |
N/M |
0.90x |
N/M |
| Advent Latin American Private Equity III |
2006 |
50,000,000 |
44,250,000 |
8,625,000 |
54,895,876 |
12.5 |
N/M |
1.20x |
N/M |
| Affinity Asia Pacific Fund III, LP |
2007 |
150,000,000 |
38,396,065 |
0 |
16,588,485 |
(43.1) |
N/M |
0.40x |
N/M |
| Aisling Capital II, LP |
2006 |
80,000,000 |
57,353,820 |
0 |
42,375,018 |
(15.5) |
N/M |
0.70x |
N/M |
| Aisling Capital III, LP |
2008 |
90,000,000 |
1,746,642 |
0 |
458,970 |
(82.1) |
N/M |
0.30x |
N/M |
| AP Alternative Assets, L.P. |
2006 |
200,000,000 |
200,000,000 |
6,380,000 |
30,880,000 |
(49.3) |
N/M |
0.20x |
N/M |
| AP Investment Europe, Ltd. |
2007 |
75,910,823 |
75,050,224 |
0 |
14,612,438 |
(65.1) |
N/M |
0.20x |
N/M |
| Apollo Artus Investors 2007 I LP |
2007 |
100,000,000 |
100,000,000 |
0 |
0 |
(100.0) |
N/M |
0.00x |
N/M |
| Apollo Asia Opportunity Fund, LP |
2007 |
50,000,000 |
50,000,000 |
0 |
41,353,759 |
(10.3) |
N/M |
0.80x |
N/M |
| Apollo Credit Opportunities Fund I, LP |
2008 |
1,000,000,000 |
952,052,230 |
0 |
773,205,826 |
(17.2) |
N/M |
0.80x |
N/M |
| Apollo European Principal Finance Fund |
2008 |
73,286,589 |
47,167,283 |
10,531,874 |
42,557,627 |
(13.9) |
N/M |
0.90x |
N/M |
| Apollo Investment Fund III, L.P. |
1995 |
150,000,000 |
135,148,437 |
204,956,689 |
207,274,195 |
10.3 |
|
1.50x |
|
| Apollo Investment Fund IV, L.P. |
1998 |
150,000,000 |
149,589,589 |
197,823,924 |
231,037,225 |
7.7 |
|
1.50x |
|
| Apollo Investment Fund V, L.P. |
2001 |
250,000,000 |
231,789,929 |
441,888,451 |
590,302,350 |
39.6 |
|
2.50x |
|
| Apollo Investment Fund VI, L.P. |
2006 |
650,000,000 |
588,836,392 |
10,881,405 |
452,187,570 |
(15.4) |
N/M |
0.80x |
N/M |
| Apollo Investment Fund VII, L.P. |
2008 |
1,000,000,000 |
226,969,096 |
595,406 |
192,840,438 |
(16.4) |
N/M |
0.80x |
N/M |
| Apollo Special Opp. Managed Acct, L.P. |
2007 |
800,000,000 |
800,000,000 |
0 |
690,521,034 |
(8.4) |
N/M |
0.90x |
N/M |
| Arclight Energy Partners Fund II |
2004 |
75,000,000 |
66,250,046 |
52,870,053 |
91,242,138 |
15.9 |
|
1.40x |
|
| ArcLight Energy Partners Fund III, LP |
2006 |
200,000,000 |
194,490,268 |
32,183,944 |
200,845,259 |
1.8 |
N/M |
1.00x |
N/M |
| ArcLight Energy Partners Fund IV, LP |
2007 |
250,000,000 |
144,600,936 |
0 |
138,338,326 |
(3.3) |
N/M |
1.00x |
N/M |
| Ares Corporate Opportunities Fund I, LP |
2003 |
100,000,000 |
99,956,542 |
86,791,059 |
144,812,431 |
14.4 |
|
1.40x |
|
| Ares Corporate Opportunities Fund II, LP |
2006 |
200,000,000 |
201,842,378 |
36,398,932 |
204,714,799 |
.9 |
N/M |
1.00x |
N/M |
| Ares Corporate Opportunities Fund III, LP |
2008 |
400,000,000 |
101,227,126 |
168,393 |
107,528,854 |
8.0 |
N/M |
1.10x |
N/M |
| Ares Special Situations Fund, LP. |
2007 |
150,000,000 |
116,357,391 |
823,647 |
91,895,444 |
(17.1) |
N/M |
0.80x |
N/M |
| Ares/CalPERS CLO |
2007 |
140,000,000 |
139,229,710 |
12,721,693 |
63,848,025 |
(44.5) |
N/M |
0.50x |
N/M |
| Asia Alternatives Capital Partners |
2007 |
144,108,080 |
85,224,856 |
1,012,693 |
80,024,434 |
(4.7) |
N/M |
0.90x |
N/M |
| Asia Alternatives Capital Partners II, LP |
2008 |
200,000,000 |
15,329,799 |
155,600 |
13,892,058 |
(15.3) |
N/M |
0.90x |
N/M |
| Asia Recovery Fund |
2000 |
100,000,000 |
57,950,948 |
76,320,888 |
82,820,614 |
9.1 |
|
1.40x |
|
| Audax Credit Opportunities Fund, LP |
2007 |
25,000,000 |
25,000,000 |
0 |
26,444,679 |
4.4 |
N/M |
1.10x |
N/M |
| Audax Mezzanine Partners II |
2006 |
100,000,000 |
61,355,839 |
8,390,006 |
62,208,143 |
.9 |
N/M |
1.00x |
N/M |
| Audax Private Equity Fund III, L.P. |
2007 |
125,000,000 |
66,006,812 |
643,676 |
63,088,037 |
(4.7) |
N/M |
1.00x |
N/M |
| Audax Private Equity II, LP |
2005 |
73,000,000 |
73,391,472 |
14,154,297 |
75,200,276 |
1.3 |
N/M |
1.00x |
N/M |
| Aurora Equity Partners I, L.P. |
1994 |
25,000,000 |
27,227,117 |
33,799,938 |
36,964,471 |
7.8 |
|
1.40x |
|
| Aurora Equity Partners II, L.P. |
1998 |
75,000,000 |
82,670,308 |
58,326,101 |
109,159,589 |
4.7 |
|
1.30x |
|
| Aurora Equity Partners III, L.P. |
2004 |
150,000,000 |
143,486,506 |
49,329,801 |
163,987,208 |
12.0 |
|
1.10x |
|
| Aurora Resurgence Fund (C), L.P. |
2007 |
400,000,000 |
63,872,226 |
1,069,837 |
73,290,132 |
10.7 |
N/M |
1.10x |
N/M |
| Avenue Asia Special Situations III, L.P. |
2003 |
100,000,000 |
75,645,945 |
49,988,446 |
82,858,341 |
2.5 |
|
1.10x |
|
| Avenue Asia Special Situations IV, L.P. |
2006 |
300,000,000 |
184,523,602 |
70,799 |
183,810,677 |
(.2) |
N/M |
1.00x |
N/M |
| Avenue Europe Special Situations Fund LP |
2008 |
220,758,906 |
120,959,802 |
595,791 |
129,524,438 |
10.0 |
N/M |
1.10x |
N/M |
| Avenue Special Situations Fund II, L.P. |
2001 |
75,000,000 |
77,303,996 |
118,486,169 |
119,164,623 |
18.4 |
|
1.50x |
|
| Avenue Special Situations Fund III, L.P. |
2003 |
75,000,000 |
57,663,116 |
95,713,285 |
96,348,160 |
17.4 |
|
1.70x |
|
| Avenue Special Situations Fund IV, L.P. |
2006 |
150,000,000 |
141,954,585 |
0 |
125,088,735 |
(4.4) |
N/M |
0.90x |
N/M |
| Avenue Special Situations Fund V, LP |
2007 |
400,000,000 |
330,137,148 |
2,005,122 |
271,251,695 |
(16.0) |
N/M |
0.80x |
N/M |
| Banc of America Community Venture Fund |
2003 |
100,000,000 |
61,334,356 |
2,120,635 |
44,955,394 |
(14.0) |
|
0.70x |
|
| Baring Vostok Private Equity Fund IV |
2007 |
100,000,000 |
18,166,631 |
0 |
6,547,080 |
(66.4) |
N/M |
0.40x |
N/M |
| Birch Hill Equity Partners III, L.P. |
2005 |
124,167,056 |
118,606,217 |
1,476,202 |
111,869,656 |
(3.8) |
N/M |
0.90x |
N/M |
| Blackstone Capital Partners II, L.P. |
1994 |
75,000,000 |
78,946,963 |
170,126,698 |
175,593,776 |
37.4 |
|
2.20x |
|
| Blackstone Capital Partners III, L.P. |
1997 |
200,000,000 |
201,797,996 |
300,995,729 |
347,552,535 |
13.1 |
|
1.70x |
|
| Blackstone Capital Partners IV, L.P. |
2003 |
200,000,000 |
178,166,004 |
237,261,775 |
381,490,538 |
40.4 |
|
2.10x |
|
| Blackstone Capital Partners V, L.P. |
2006 |
750,000,000 |
558,666,550 |
18,241,946 |
404,673,349 |
(17.8) |
N/M |
0.70x |
N/M |
| Blackstone Communications I |
2000 |
100,000,000 |
97,517,678 |
83,973,977 |
116,112,821 |
7.7 |
|
1.20x |
|
| Blackstone Mezzanine Partners |
1999 |
100,000,000 |
85,982,154 |
90,278,079 |
108,217,249 |
9.0 |
|
1.30x |
|
| Bridgepoint Europe I, L.P. |
2000 |
41,282,476 |
31,046,053 |
53,267,277 |
54,613,315 |
16.1 |
|
1.80x |
|
| Bridgepoint Europe II, L.P. |
2001 |
117,404,356 |
104,216,377 |
170,670,608 |
215,489,765 |
32.3 |
|
2.10x |
|
| Bridgepoint Europe III, L.P. |
2005 |
206,618,139 |
179,941,902 |
0 |
146,390,976 |
(10.5) |
N/M |
0.80x |
N/M |
| Bridgepoint Europe IV, L.P. |
2008 |
419,789,601 |
25,601,521 |
0 |
16,956,082 |
(52.7) |
N/M |
0.70x |
N/M |
| California Emerging Ventures I, LLC |
1999 |
964,615,328 |
933,088,185 |
722,005,250 |
1,019,003,721 |
2.3 |
|
1.10x |
|
| California Emerging Ventures II, LLC |
2000 |
1,361,679,624 |
1,294,112,638 |
773,508,189 |
1,427,388,423 |
2.6 |
|
1.10x |
|
| California Emerging Ventures III, LLC |
2001 |
473,912,615 |
415,284,104 |
157,700,461 |
456,143,104 |
3.6 |
|
1.10x |
|
| California Emerging Ventures IV, LLC |
2006 |
455,253,646 |
159,763,297 |
7,821,128 |
146,490,250 |
(7.0) |
N/M |
0.90x |
N/M |
| Candover 1997 Fund, L.P. |
1998 |
91,262,475 |
81,218,464 |
154,653,099 |
154,930,445 |
18.1 |
|
1.90x |
|
| Candover 2001 Fund, L.P. |
2001 |
173,964,701 |
173,964,701 |
235,992,287 |
280,874,296 |
18.0 |
|
1.60x |
|
| Candover 2005 Fund, L.P. |
2006 |
207,906,068 |
168,318,465 |
18,620,746 |
83,340,440 |
(34.9) |
N/M |
0.50x |
N/M |
| Candover 2008 Fund, L.P. |
2008 |
179,901,177 |
25,528,038 |
462,069 |
14,188,406 |
(42.8) |
N/M |
0.60x |
N/M |
| Capital Link Fund I, LP |
2007 |
485,000,000 |
237,185,344 |
4,095,370 |
208,333,988 |
(10.8) |
N/M |
0.90x |
N/M |
| Capital Link Fund II, LP |
2008 |
500,000,000 |
67,590,494 |
687,963 |
49,710,373 |
(36.6) |
N/M |
0.70x |
N/M |
| Carlyle Asia Growth Partners III, L.P. |
2005 |
75,000,000 |
71,758,133 |
1,125,018 |
64,299,408 |
(6.2) |
N/M |
0.90x |
N/M |
| Carlyle Asia Growth Partners IV, L.P. |
2008 |
150,000,000 |
7,195,277 |
0 |
4,332,104 |
(39.8) |
N/M |
0.60x |
N/M |
| Carlyle Asia Partners (PV II), L.P. |
2000 |
75,000,000 |
76,459,164 |
66,329,907 |
203,689,542 |
21.7 |
|
2.70x |
|
| Carlyle Asia Partners II, L.P. |
2006 |
150,000,000 |
140,427,419 |
271,590 |
110,511,826 |
(11.3) |
N/M |
0.80x |
N/M |
| Carlyle Asia Partners III, L.P. |
2008 |
300,000,000 |
29,710,874 |
97,590 |
22,783,602 |
(21.8) |
N/M |
0.80x |
N/M |
| Carlyle Asia Venture Partners II, L.P. |
2001 |
42,500,000 |
38,181,158 |
46,111,845 |
68,909,435 |
18.1 |
|
1.80x |
|
| Carlyle Europe Partners II, L.P. |
2003 |
63,598,562 |
59,227,403 |
49,483,201 |
80,392,136 |
19.5 |
|
1.40x |
|
| Carlyle Europe Partners III, L.P. |
2007 |
429,006,505 |
143,137,452 |
0 |
78,122,621 |
(39.8) |
N/M |
0.50x |
N/M |
| Carlyle Europe Realty Partners, L.P. |
2002 |
30,423,063 |
30,423,063 |
31,704,931 |
60,419,597 |
19.5 |
|
2.00x |
|
| Carlyle Europe Technology Partners II |
2008 |
105,071,223 |
10,893,249 |
146 |
4,362,481 |
(69.5) |
N/M |
0.40x |
N/M |
| Carlyle Global Financial Services, LP |
2008 |
150,000,000 |
43,266,125 |
6,303 |
35,571,610 |
(33.1) |
N/M |
0.80x |
N/M |
| Carlyle High Yield Partners 2008-1 |
2007 |
150,000,000 |
150,000,000 |
3,015,278 |
83,951,810 |
(44.9) |
N/M |
0.60x |
N/M |
| Carlyle High Yield Partners IV, L.P. |
2002 |
5,000,000 |
5,000,000 |
6,648,604 |
6,698,604 |
10.7 |
|
1.30x |
|
| Carlyle Japan Partners I, L.P. |
2001 |
25,693,169 |
27,449,953 |
38,855,035 |
52,618,001 |
35.2 |
|
1.90x |
|
| Carlyle Japan Partners II, L.P. |
2006 |
190,574,305 |
50,600,493 |
0 |
26,982,471 |
(33.1) |
N/M |
0.50x |
N/M |
| Carlyle Mexico Partners, L.P. |
2005 |
25,000,000 |
19,537,395 |
14,401,494 |
27,544,508 |
21.7 |
N/M |
1.40x |
N/M |
| Carlyle Partners II, L.P. |
1996 |
80,000,000 |
80,000,000 |
189,739,341 |
195,389,174 |
25.2 |
|
2.40x |
|
| Carlyle Partners III, L.P. |
2000 |
150,000,000 |
135,078,516 |
261,431,731 |
284,627,837 |
21.5 |
|
2.10x |
|
| Carlyle Partners IV, L.P. |
2005 |
300,000,000 |
277,671,081 |
20,010,861 |
259,391,974 |
(2.5) |
N/M |
0.90x |
N/M |
| Carlyle Partners V, L.P. |
2007 |
1,000,000,000 |
330,060,114 |
2,257,532 |
265,165,892 |
(15.2) |
N/M |
0.80x |
N/M |
| Carlyle Realty Qualified Ptrs III, L.P. |
2001 |
50,000,000 |
45,415,220 |
75,001,893 |
100,066,261 |
31.7 |
|
2.20x |
|
| Carlyle Strategic Partners I, L.P. |
2004 |
50,000,000 |
32,638,405 |
26,131,197 |
37,808,641 |
8.4 |
|
1.20x |
|
| Carlyle Strategic Partners II, L.P. |
2007 |
75,000,000 |
42,953,850 |
3,996,727 |
30,099,288 |
(24.2) |
N/M |
0.70x |
N/M |
| Carlyle U.S. Growth Fund III, L.P. |
2006 |
75,000,000 |
42,068,258 |
606,231 |
34,828,743 |
(10.9) |
N/M |
0.80x |
N/M |
| Carlyle Venture Partners II, L.P. |
2001 |
50,000,000 |
46,013,133 |
17,211,667 |
46,201,534 |
.1 |
|
1.00x |
|
| Carlyle/Riverstone Glob Engy & Power II |
2003 |
75,000,000 |
66,991,104 |
133,632,667 |
180,951,161 |
58.9 |
|
2.70x |
|
| Carlyle/Riverstone Glob Engy & Power III |
2005 |
250,000,000 |
226,086,537 |
13,984,367 |
269,115,118 |
9.2 |
N/M |
1.20x |
N/M |
| Carlyle/Riverstone Renew Energy Infrast |
2006 |
60,000,000 |
55,140,535 |
0 |
39,694,673 |
(19.6) |
N/M |
0.70x |
N/M |
| Central Valley Fund |
2005 |
40,000,000 |
9,443,269 |
2,783,816 |
9,944,556 |
1.6 |
N/M |
1.10x |
N/M |
| China Privatization Fund I, L.P. |
2006 |
100,000,000 |
67,384,889 |
0 |
52,288,677 |
(10.6) |
N/M |
0.80x |
N/M |
| Clarus Lifesciences I, L.P. |
2006 |
45,000,000 |
32,787,000 |
0 |
31,414,501 |
(2.5) |
N/M |
1.00x |
N/M |
| Clarus Lifesciences II, L.P. |
2008 |
75,000,000 |
13,575,000 |
0 |
11,133,719 |
(30.1) |
N/M |
0.80x |
N/M |
| Clearstone Venture Partners III-A, L.P. |
2004 |
25,000,000 |
20,500,000 |
0 |
15,403,128 |
(11.4) |
|
0.80x |
|
| Clearwater Capital Partners I, LP |
2001 |
41,735,000 |
41,735,012 |
15,815,604 |
35,860,605 |
(10.7) |
|
0.90x |
|
| Clearwater Capital Partners II, LP |
2005 |
54,375,000 |
54,374,999 |
11,382,690 |
55,792,234 |
.8 |
N/M |
1.00x |
N/M |
| Clearwater Capital Partners III, LP |
2006 |
150,000,000 |
135,000,000 |
817,955 |
119,847,104 |
(7.3) |
N/M |
0.90x |
N/M |
| Clessidra Capital Partners |
2005 |
68,512,464 |
63,384,442 |
67,604,385 |
103,778,712 |
79.8 |
N/M |
1.60x |
N/M |
| Clessidra Capital Partners II |
2008 |
208,193,243 |
38,494,747 |
47 |
36,511,178 |
(12.0) |
N/M |
0.90x |
N/M |
| Coller International Partners III, L.P. |
1999 |
100,000,000 |
100,866,310 |
138,826,585 |
150,908,103 |
15.1 |
|
1.50x |
|
| Coller International Partners IV, L.P. |
2002 |
100,000,000 |
85,473,680 |
78,220,844 |
114,063,569 |
16.1 |
|
1.30x |
|
| Coller International Partners V, L.P. |
2006 |
375,000,000 |
182,812,500 |
16,913,057 |
167,857,591 |
(8.0) |
N/M |
0.90x |
N/M |
| Conversus Capital Partners |
2007 |
500,000,000 |
500,000,000 |
9,800,000 |
206,000,000 |
(36.5) |
N/M |
0.40x |
N/M |
| Court Square Capital Partners II, L.P. |
2007 |
150,000,000 |
53,139,507 |
35,209 |
42,591,431 |
(14.8) |
N/M |
0.80x |
N/M |
| Craton Equity Investors I, L.P. |
2007 |
38,153,846 |
10,025,333 |
0 |
7,865,673 |
(26.3) |
N/M |
0.80x |
N/M |
| CVC Capital Partners Asia Pacific II, LP |
2005 |
100,000,000 |
94,221,076 |
11,992,293 |
70,504,382 |
(12.3) |
N/M |
0.70x |
N/M |
| CVC Capital Partners Asia Pacific III, LP |
2008 |
150,000,000 |
36,452,959 |
53,278 |
19,045,843 |
(44.1) |
N/M |
0.50x |
N/M |
| CVC European Equity Partners I, L.P. |
1996 |
50,000,000 |
48,479,745 |
121,164,143 |
126,010,393 |
23.0 |
|
2.60x |
|
| CVC European Equity Partners II, L.P. |
1998 |
150,000,000 |
137,977,279 |
295,637,699 |
316,246,435 |
19.1 |
|
2.30x |
|
| CVC European Equity Partners III, L.P. |
2001 |
200,000,000 |
192,248,446 |
430,964,796 |
552,373,536 |
43.5 |
|
2.90x |
|
| CVC European Equity Partners IV, L.P. |
2005 |
397,099,579 |
338,561,001 |
148,343,530 |
411,101,629 |
13.1 |
N/M |
1.20x |
N/M |
| CVC European Equity Partners Tandem Fund |
2007 |
565,919,142 |
301,416,934 |
6,114,423 |
204,500,079 |
(24.7) |
N/M |
0.70x |
N/M |
| CVC European Equity Partners V, L.P. |
2008 |
707,203,412 |
87,875,743 |
105,235 |
66,942,794 |
(24.5) |
N/M |
0.80x |
N/M |
| Darby Converging Europe Mezzanine Fund |
2006 |
34,152,136 |
31,163,794 |
1,872,926 |
30,667,408 |
(1.2) |
N/M |
1.00x |
N/M |
| DFJ Element Fund I, LP |
2006 |
30,000,000 |
21,796,032 |
13,668 |
15,555,844 |
(17.8) |
N/M |
0.70x |
N/M |
| DFJ Frontier Fund, L.P. |
2002 |
20,000,000 |
18,500,000 |
3,081,271 |
19,486,711 |
1.6 |
|
1.10x |
|
| EM Alternatives |
2007 |
100,000,000 |
26,491,280 |
0 |
19,063,272 |
(28.6) |
N/M |
0.70x |
N/M |
| Emerging Europe, L.P. |
2000 |
95,179,390 |
83,240,797 |
62,769,891 |
63,102,479 |
(6.5) |
|
0.80x |
|
| EnerTech Capital Partners III, LP |
2007 |
8,802,547 |
2,904,842 |
0 |
2,315,696 |
(24.9) |
N/M |
0.80x |
N/M |
| ESP Golden Bear Europe Fund |
2007 |
709,277,528 |
108,241,811 |
0 |
75,620,736 |
(28.4) |
N/M |
0.70x |
N/M |
| Essex Woodlands Health Ventures VIII, LP |
2008 |
125,000,000 |
11,875,000 |
0 |
10,103,446 |
(17.8) |
N/M |
0.90x |
N/M |
| Falconhead Capital Partners II, LP |
2006 |
50,000,000 |
33,644,543 |
89,454 |
27,329,330 |
(13.4) |
N/M |
0.80x |
N/M |
| First Reserve Fund IX, L.P. |
2001 |
125,000,000 |
125,000,000 |
373,931,546 |
375,377,546 |
48.2 |
|
3.00x |
|
| First Reserve Fund X, L.P. |
2004 |
125,000,000 |
125,000,000 |
139,489,981 |
215,339,981 |
40.5 |
|
1.70x |
|
| First Reserve Fund XI, L.P. |
2006 |
500,000,000 |
380,923,802 |
0 |
342,824,000 |
(7.7) |
N/M |
0.90x |
N/M |
| First Reserve Fund XII, L.P. |
2008 |
300,000,000 |
85,663,998 |
378,275 |
64,252,275 |
(27.2) |
N/M |
0.80x |
N/M |
| Francisco Partners I, L.P. |
2000 |
50,000,000 |
47,867,475 |
34,635,659 |
58,370,252 |
4.8 |
|
1.20x |
|
| Francisco Partners II, L.P. |
2006 |
175,000,000 |
122,500,000 |
37,076,418 |
136,665,421 |
7.4 |
N/M |
1.10x |
N/M |
| FS Equity Partners III, L.P. |
1994 |
75,000,000 |
75,000,000 |
164,688,887 |
164,820,358 |
16.4 |
|
2.20x |
|
| FS Equity Partners V, L.P. |
2003 |
50,000,000 |
36,731,018 |
11,301,787 |
51,851,763 |
13.2 |
|
1.40x |
|
| GCP California Fund, LP |
2003 |
50,000,000 |
40,710,257 |
197,946,830 |
222,541,343 |
87.2 |
|
5.50x |
|
| Gleacher Mezzanine Fund I, LP |
2001 |
45,000,000 |
38,100,868 |
54,030,294 |
57,293,150 |
20.4 |
|
1.50x |
|
| Gleacher Mezzanine Fund II, LP |
2007 |
80,000,000 |
18,995,922 |
904,348 |
17,221,015 |
(9.5) |
N/M |
0.90x |
N/M |
| Golden State Investment Fund |
2007 |
560,000,000 |
264,462,651 |
7,395,533 |
190,990,976 |
(23.0) |
N/M |
0.70x |
N/M |
| Granite Global Ventures II, LP |
2004 |
30,000,000 |
28,650,000 |
3,734,272 |
25,205,787 |
(4.5) |
|
0.90x |
|
| Granite Global Ventures III, LP |
2006 |
60,000,000 |
24,000,000 |
1,274 |
21,401,000 |
(6.9) |
N/M |
0.90x |
N/M |
| Green Credit Investors, LP |
2008 |
100,000,000 |
53,140,098 |
0 |
33,602,060 |
(36.9) |
N/M |
0.60x |
N/M |
| Green Equity Investors II, L.P. |
1994 |
75,000,000 |
72,453,008 |
151,988,178 |
151,988,178 |
13.9 |
|
2.10x |
|
| Green Equity Investors III, L.P. |
1999 |
125,000,000 |
113,628,614 |
250,474,151 |
258,212,751 |
21.5 |
|
2.30x |
|
| Green Equity Investors IV, L.P. |
2003 |
150,000,000 |
130,396,642 |
20,791,664 |
123,158,578 |
(1.8) |
|
0.90x |
|
| Green Equity Investors V, L.P. |
2007 |
400,000,000 |
122,508,971 |
10,617,271 |
107,259,952 |
(11.1) |
N/M |
0.90x |
N/M |
| GSO Capital Opportunities Fund, LP |
2008 |
100,000,000 |
47,280,314 |
876,142 |
50,708,422 |
7.8 |
N/M |
1.10x |
N/M |
| Health Evolution Partners |
2007 |
704,990,000 |
91,833,554 |
0 |
66,362,723 |
(39.3) |
N/M |
0.70x |
N/M |
| Hellman & Friedman Capital Partners II |
1991 |
100,000,000 |
87,335,732 |
239,071,996 |
239,071,996 |
22.5 |
|
2.70x |
|
| Hellman & Friedman Capital Partners IV |
2000 |
150,000,000 |
134,634,415 |
347,738,560 |
369,205,696 |
34.7 |
|
2.70x |
|
| Hellman & Friedman Capital Partners V |
2004 |
200,000,000 |
175,883,988 |
161,452,920 |
320,682,951 |
28.0 |
|
1.80x |
|
| Hellman & Friedman Capital Partners VI |
2007 |
600,000,000 |
378,085,710 |
5,001,173 |
336,318,821 |
(7.4) |
N/M |
0.90x |
N/M |
| Huntsman Gay Capital Partners Fund, LP |
2008 |
180,000,000 |
27,981,280 |
27,600 |
23,466,970 |
(26.1) |
N/M |
0.80x |
N/M |
| ICV Partners, L.P. |
2001 |
10,000,000 |
8,318,271 |
13,189,727 |
13,224,053 |
13.1 |
|
1.60x |
|
| Inner City Ventures II, L.P. |
2005 |
31,220,000 |
16,195,140 |
378 |
13,751,230 |
(10.9) |
N/M |
0.80x |
N/M |
| Insight Venture Partners V, L.P. |
2005 |
46,500,000 |
43,496,250 |
22,369,261 |
70,474,415 |
22.7 |
N/M |
1.60x |
N/M |
| Insight Venture Partners VI |
2007 |
68,000,000 |
22,848,000 |
0 |
18,616,777 |
(16.8) |
N/M |
0.80x |
N/M |
| Ironbridge Capital 2003/4 |
2004 |
30,022,050 |
29,526,419 |
14,206,102 |
30,432,009 |
1.6 |
|
1.00x |
|
| Ironbridge Fund II, LP |
2006 |
64,339,268 |
37,652,821 |
0 |
30,747,406 |
(12.5) |
N/M |
0.80x |
N/M |
| Khosla Ventures III |
2009 |
200,000,000 |
26,598,465 |
0 |
24,817,496 |
(6.7) |
N/M |
0.90x |
N/M |
| KKR 2006 Fund |
2006 |
500,000,000 |
376,657,854 |
387,083 |
290,654,614 |
(13.1) |
N/M |
0.80x |
N/M |
| KKR Asian Fund, LP |
2007 |
275,000,000 |
75,524,627 |
63,630 |
53,778,729 |
(23.6) |
N/M |
0.70x |
N/M |
| KKR European Fund I, L.P. |
2001 |
75,000,000 |
75,647,058 |
112,514,657 |
158,170,906 |
23.5 |
|
2.10x |
|
| KKR European Fund II, L.P. |
2005 |
198,045,206 |
203,004,632 |
18,458,698 |
106,093,247 |
(26.6) |
N/M |
0.50x |
N/M |
| KKR European Fund III, L.P. |
2008 |
352,199,562 |
17,724,453 |
43,474 |
5,010,054 |
(71.4) |
N/M |
0.30x |
N/M |
| KKR Millennium Fund |
2002 |
150,000,000 |
156,931,676 |
117,287,103 |
222,178,094 |
15.3 |
|
1.40x |
|
| Kline Hawkes California, L.P. |
1995 |
45,000,000 |
41,222,870 |
112,595,227 |
113,084,631 |
41.4 |
|
2.70x |
|
| Kline Hawkes Pacific, L.P. |
2000 |
100,000,000 |
100,000,000 |
34,054,972 |
90,698,895 |
(2.1) |
|
0.90x |
|
| KPS Special Situations Fund III, LP |
2007 |
175,000,000 |
46,614,417 |
0 |
54,759,104 |
26.2 |
N/M |
1.20x |
N/M |
| Levine Leichtman Capital Partners I, L.P. |
1994 |
100,000,000 |
107,737,011 |
120,849,806 |
120,849,806 |
11.0 |
|
1.10x |
|
| Levine Leichtman Capital Partners II, L.P. |
1998 |
150,000,000 |
166,149,648 |
166,297,962 |
204,995,858 |
5.8 |
|
1.20x |
|
| Levine Leichtman Capital Partners III, L.P. |
2003 |
50,000,000 |
53,948,606 |
33,646,714 |
71,028,115 |
14.6 |
|
1.30x |
|
| Levine Leichtman Capital Partners IV, L.P. |
2008 |
75,000,000 |
8,519,162 |
428,537 |
7,750,032 |
(9.4) |
N/M |
0.90x |
N/M |
| Levine Leichtman Deep Value |
2005 |
75,000,000 |
67,431,074 |
9,071,477 |
45,261,736 |
(23.5) |
N/M |
0.70x |
N/M |
| Lexington Capital Partners II, L.P. |
1998 |
150,000,000 |
148,267,500 |
176,738,179 |
192,301,550 |
8.1 |
|
1.30x |
|
| Lexington Capital Partners III, L.P. |
1999 |
100,000,000 |
98,618,460 |
107,614,307 |
121,438,164 |
8.8 |
|
1.20x |
|
| Lexington Capital Partners IV, L.P. |
2000 |
100,000,000 |
98,112,227 |
147,423,350 |
167,325,828 |
19.5 |
|
1.70x |
|
| Lexington Capital Partners V, L.P. |
2002 |
50,000,000 |
48,698,220 |
53,284,579 |
72,898,297 |
20.6 |
|
1.50x |
|
| Lexington Middle Markets Investors, L.P. |
2005 |
50,000,000 |
35,271,129 |
12,017,099 |
37,549,066 |
4.2 |
N/M |
1.10x |
N/M |
| Lightspeed Venture Partners VII, L.P. |
2006 |
35,000,000 |
25,214,564 |
1,784,756 |
24,261,585 |
(2.3) |
N/M |
1.00x |
N/M |
| Lime Rock Partners III, LP |
2004 |
25,000,000 |
23,517,322 |
4,811,393 |
25,045,831 |
2.8 |
|
1.10x |
|
| Lime Rock Partners IV, LP |
2006 |
43,000,000 |
30,903,857 |
0 |
18,463,819 |
(34.2) |
N/M |
0.60x |
N/M |
| Lime Rock Partners V, LP |
2008 |
85,000,000 |
13,535,280 |
0 |
12,291,962 |
(15.4) |
N/M |
0.90x |
N/M |
| Lion Capital Fund II, L.P. |
2007 |
211,230,084 |
169,867,168 |
6,066,226 |
133,502,568 |
(18.4) |
N/M |
0.80x |
N/M |
| Lombard Asia III |
2007 |
46,875,000 |
22,306,910 |
0 |
15,824,098 |
(24.7) |
N/M |
0.70x |
N/M |
| Lombard Thailand Partners, L.P. |
2001 |
75,000,000 |
60,447,047 |
22,239,595 |
81,337,761 |
8.0 |
|
1.30x |
|
| Lombard/Pacific Partners, L.P. |
1995 |
400,000,000 |
355,375,350 |
464,433,783 |
466,384,147 |
5.9 |
|
1.30x |
|
| Madison Dearborn Capital Partners I, L.P. |
1993 |
100,000,000 |
96,692,642 |
325,805,354 |
327,673,223 |
28.1 |
|
3.40x |
|
| Madison Dearborn Capital Partners II, L.P. |
1997 |
60,000,000 |
59,999,995 |
136,148,046 |
139,353,066 |
22.0 |
|
2.30x |
|
| Madison Dearborn Capital Partners III, L.P. |
1999 |
100,000,000 |
100,248,971 |
139,981,614 |
148,895,945 |
8.4 |
|
1.50x |
|
| Madison Dearborn Capital Partners IV, L.P. |
2000 |
150,000,000 |
149,818,529 |
107,483,383 |
236,317,012 |
14.7 |
|
1.60x |
|
| Madison Dearborn Capital Partners V, L.P. |
2006 |
300,000,000 |
241,296,742 |
5,899,271 |
171,913,199 |
(15.6) |
N/M |
0.70x |
N/M |
| Magnum Capital, LP |
2007 |
138,275,639 |
58,169,041 |
17,060 |
57,298,780 |
(1.6) |
N/M |
1.00x |
N/M |
| Markstone Capital |
2004 |
50,000,000 |
40,731,932 |
13,318,574 |
45,181,038 |
4.9 |
|
1.10x |
|
| MHR Institutional Partners II, L.P. |
2003 |
50,000,000 |
50,000,000 |
32,769,458 |
71,625,725 |
14.5 |
|
1.40x |
|
| MHR Institutional Partners III, L.P. |
2006 |
350,000,000 |
213,686,866 |
252,323 |
163,104,975 |
(15.7) |
N/M |
0.80x |
N/M |
| New Enterprise Associates XII, L.P. |
2006 |
50,000,000 |
31,250,000 |
2,426,470 |
31,314,278 |
.1 |
N/M |
1.00x |
N/M |
| New Mountain Partners II, L.P. |
2005 |
150,000,000 |
116,263,837 |
10,082,289 |
142,654,992 |
8.0 |
N/M |
1.20x |
N/M |
| New Mountain Partners III, L.P. |
2007 |
400,000,000 |
96,416,088 |
395,759 |
86,402,914 |
(9.9) |
N/M |
0.90x |
N/M |
| Newbridge Asia III, L.P. |
2001 |
75,000,000 |
76,901,659 |
57,940,780 |
206,770,303 |
28.7 |
|
2.70x |
|
| Newbridge Asia IV, L.P. |
2005 |
180,000,000 |
174,027,124 |
17,431,225 |
205,288,103 |
7.6 |
N/M |
1.20x |
N/M |
| NGEN II, LP |
2005 |
15,000,000 |
9,636,491 |
389,739 |
7,054,131 |
(18.6) |
N/M |
0.70x |
N/M |
| Nogales Investors Fund I, L.P. |
2001 |
25,000,000 |
24,091,634 |
7,238,072 |
11,046,604 |
(29.3) |
|
0.50x |
|
| Nogales Investors Fund II, L.P. |
2006 |
49,000,000 |
11,244,134 |
0 |
8,733,216 |
(32.7) |
N/M |
0.80x |
N/M |
| Oak Hill Capital Partners II, L.P. |
2004 |
75,000,000 |
68,277,173 |
5,910,743 |
77,460,263 |
5.4 |
|
1.10x |
|
| Oak Hill Capital Partners III, L.P. |
2007 |
300,000,000 |
82,862,525 |
853,752 |
60,849,610 |
(19.2) |
N/M |
0.70x |
N/M |
| Pacific Comm Ventures Invest Ptrs II |
2002 |
10,000,000 |
9,349,115 |
3,174,014 |
5,732,533 |
(16.3) |
|
0.60x |
|
| Palladium Equity Partners III |
2004 |
193,750,000 |
105,830,928 |
20,723,611 |
93,710,283 |
(8.9) |
|
0.90x |
|
| Parish Capital I, L.P. |
2004 |
50,000,000 |
38,362,057 |
6,018,423 |
38,559,032 |
.2 |
|
1.00x |
|
| Parish Capital II, L.P. |
2006 |
60,000,000 |
33,336,778 |
177,781 |
25,363,673 |
(14.0) |
N/M |
0.80x |
N/M |
| PCG Clean Tech |
2007 |
480,000,000 |
170,187,646 |
810,235 |
164,510,155 |
(2.9) |
N/M |
1.00x |
N/M |
| PCG Corporate Partners Fund II, L.P. |
2007 |
500,000,000 |
80,839,359 |
42,705 |
65,629,041 |
(19.3) |
N/M |
0.80x |
N/M |
| PCG Corporate Partners Fund, L.P. |
2001 |
500,000,000 |
472,975,093 |
225,730,626 |
541,169,439 |
4.1 |
|
1.10x |
|
| PCG International Select Opp Fund I, LLC |
2007 |
430,000,000 |
143,494,913 |
2,393,910 |
140,102,006 |
(2.0) |
N/M |
1.00x |
N/M |
| PCG International Select Opp Fund II, LLC |
2009 |
600,000,000 |
1,907,000 |
0 |
0 |
(100.0) |
N/M |
0.00x |
N/M |
| Permira Europe I, L.P. |
1997 |
90,616,030 |
83,924,472 |
216,464,549 |
219,007,143 |
74.5 |
|
2.60x |
|
| Permira Europe III, L.P. |
2004 |
127,999,223 |
116,357,224 |
153,227,173 |
194,663,581 |
32.6 |
|
1.70x |
|
| Permira Europe IV, L.P. |
2006 |
347,452,918 |
208,239,861 |
0 |
91,123,244 |
(45.0) |
N/M |
0.40x |
N/M |
| Permira U.K. Venture III |
1991 |
12,700,000 |
13,262,655 |
37,161,145 |
37,526,351 |
31.1 |
|
2.80x |
|
| Permira U.K. Venture IV |
1996 |
30,524,006 |
30,212,868 |
43,231,397 |
44,322,204 |
10.6 |
|
1.50x |
|
| Perseus-Soros BioPharmaceutical Fund, LP |
2001 |
40,000,000 |
39,467,797 |
54,950,127 |
68,595,190 |
20.2 |
|
1.70x |
|
| Pharos Capital Partners II-A |
2005 |
25,000,000 |
17,000,000 |
2,986,389 |
21,910,863 |
11.3 |
N/M |
1.30x |
N/M |
| Pinnacle Ventures II-B |
2005 |
50,000,000 |
42,500,000 |
6,137,851 |
46,276,734 |
3.9 |
N/M |
1.10x |
N/M |
| Polish Enterprise Fund IV, L.P. |
2000 |
50,000,000 |
51,694,852 |
96,378,505 |
113,817,129 |
26.6 |
|
2.20x |
|
| Polish Enterprise Fund V, L.P. |
2004 |
58,215,155 |
58,215,155 |
27,273,437 |
124,279,738 |
26.8 |
|
2.10x |
|
| Polish Enterprise Fund VI, L.P. |
2006 |
142,694,295 |
66,420,336 |
1,030,852 |
30,715,879 |
(47.2) |
N/M |
0.50x |
N/M |
| Prospect Venture Partners II, L.P. |
2001 |
100,000,000 |
88,500,000 |
52,223,816 |
93,187,050 |
1.4 |
|
1.10x |
|
| Prospect Venture Partners III, L.P. |
2005 |
50,000,000 |
28,750,000 |
0 |
20,774,237 |
(13.2) |
N/M |
0.70x |
N/M |
| Providence Equity Partners V, L.P. |
2005 |
125,000,000 |
109,955,096 |
0 |
114,356,007 |
1.2 |
N/M |
1.00x |
N/M |
| Providence Equity Partners VI, L.P. |
2007 |
400,000,000 |
201,114,378 |
0 |
154,393,208 |
(15.6) |
N/M |
0.80x |
N/M |
| Quadrangle Capital Partners II |
2005 |
100,000,000 |
74,148,795 |
7,983,318 |
76,177,585 |
1.4 |
N/M |
1.00x |
N/M |
| RFG Private Equity Group |
2004 |
33,774,387 |
31,830,369 |
20,657,171 |
32,940,391 |
1.5 |
|
1.00x |
|
| Rhone Capital III, LP |
2006 |
138,496,538 |
65,188,567 |
14,270,086 |
64,345,829 |
(.7) |
N/M |
1.00x |
N/M |
| Richardson Capital Private Equity LP 2 |
2006 |
27,218,907 |
19,119,686 |
12,277 |
6,519,618 |
(51.4) |
N/M |
0.30x |
N/M |
| Ripplewood Partners II, L.P. |
2001 |
50,000,000 |
49,763,662 |
15,686,823 |
62,516,823 |
9.0 |
|
1.30x |
|
| Riverstone/Carlyle Glob Engy & Power IV |
2008 |
500,000,000 |
151,677,325 |
216,021 |
147,865,890 |
(3.5) |
N/M |
1.00x |
N/M |
| Riverstone/Carlyle Renew & Alt Energy II |
2008 |
300,000,000 |
74,047,499 |
0 |
62,214,526 |
(23.7) |
N/M |
0.80x |
N/M |
| Rockport Capital Partners II, L.P. |
2006 |
15,000,000 |
11,576,199 |
0 |
9,757,178 |
(8.7) |
N/M |
0.80x |
N/M |
| Sacramento Private Equity Partners |
2006 |
605,000,000 |
175,082,511 |
0 |
122,062,000 |
(25.0) |
N/M |
0.70x |
N/M |
| SAIF Partners III |
2007 |
100,000,000 |
77,085,081 |
0 |
86,745,500 |
7.8 |
N/M |
1.10x |
N/M |
| Silver Lake Credit Fund, L.P. |
2008 |
100,000,000 |
100,000,000 |
0 |
84,852,653 |
(12.4) |
N/M |
0.80x |
N/M |
| Silver Lake Partners I, LP |
1999 |
73,170,392 |
66,357,764 |
140,928,802 |
152,994,782 |
25.1 |
|
2.30x |
|
| Silver Lake Partners II, LP |
2004 |
125,000,000 |
107,327,470 |
30,373,573 |
107,026,530 |
(.1) |
|
1.00x |
|
| Silver Lake Partners III, LP |
2007 |
600,000,000 |
156,546,779 |
538,041 |
84,860,200 |
(43.5) |
N/M |
0.50x |
N/M |
| Silver Lake Sumeru Fund, LP |
2007 |
220,000,000 |
63,177,303 |
0 |
57,221,771 |
(16.7) |
N/M |
0.90x |
N/M |
| SPV VCOC, L.P. |
2000 |
28,188,263 |
30,601,370 |
43,489,189 |
43,639,052 |
20.5 |
|
1.40x |
|
| T3 Partners II, L.P. |
2001 |
57,000,000 |
49,841,672 |
136,721,051 |
149,768,023 |
95.8 |
|
3.00x |
|
| TA Subordinated Debt Fund II, LP |
2006 |
65,000,000 |
34,450,000 |
8,775,000 |
37,909,661 |
5.9 |
N/M |
1.10x |
N/M |
| TA X, LP |
2006 |
100,000,000 |
78,250,000 |
11,500,000 |
63,273,962 |
(12.4) |
N/M |
0.80x |
N/M |
| Tailwind Capital Partners I, L.P. |
2007 |
77,510,000 |
36,927,389 |
2,999,989 |
34,478,169 |
(6.6) |
N/M |
0.90x |
N/M |
| The Resolute Fund II, L.P. |
2008 |
200,000,000 |
49,430,952 |
0 |
41,078,908 |
(16.6) |
N/M |
0.80x |
N/M |
| Thomas H. Lee Equity Partners IV, L.P. |
1998 |
140,000,000 |
126,299,209 |
109,460,570 |
109,963,104 |
(2.6) |
|
0.90x |
|
| Thomas H. Lee Equity Partners V, L.P. |
2001 |
200,000,000 |
197,327,717 |
179,876,544 |
274,063,779 |
12.0 |
|
1.40x |
|
| Thomas H. Lee Equity Partners VI, L.P. |
2006 |
300,000,000 |
154,623,052 |
2,519,192 |
126,732,848 |
(9.0) |
N/M |
0.80x |
N/M |
| TowerBrook Investors I, L.P. |
2001 |
55,000,000 |
60,639,077 |
173,219,457 |
181,337,144 |
41.4 |
|
3.00x |
|
| TowerBrook Investors II, L.P. |
2005 |
200,000,000 |
164,068,003 |
13,849,280 |
145,002,089 |
(6.5) |
N/M |
0.90x |
N/M |
| TowerBrook Investors III, L.P. |
2008 |
300,000,000 |
63,162,146 |
3,001,574 |
57,317,030 |
(9.9) |
N/M |
1.00x |
N/M |
| TPG [STAR], L.P. |
2007 |
150,000,000 |
38,961,332 |
295,409 |
29,495,151 |
(15.9) |
N/M |
0.80x |
N/M |
| TPG Asia V, L.P. |
2007 |
360,000,000 |
86,073,417 |
578,126 |
45,906,018 |
(43.8) |
N/M |
0.50x |
N/M |
| TPG Biotechnology Partners I, L.P. |
2002 |
70,000,000 |
69,161,082 |
35,112,187 |
85,248,620 |
6.3 |
|
1.20x |
|
| TPG Biotechnology Partners II, L.P. |
2006 |
70,000,000 |
49,048,694 |
1,679,189 |
47,930,938 |
(1.2) |
N/M |
1.00x |
N/M |
| TPG Biotechnology Partners III, L.P. |
2008 |
100,000,000 |
13,108,710 |
44,935 |
11,163,988 |
(22.8) |
N/M |
0.90x |
N/M |
| TPG Credit Stategies Fund, L.P. |
2007 |
75,000,000 |
75,000,000 |
301,693 |
57,790,640 |
(13.3) |
N/M |
0.80x |
N/M |
| TPG Partners III, L.P. |
2000 |
150,000,000 |
128,337,256 |
262,565,078 |
307,560,218 |
24.6 |
|
2.40x |
|
| TPG Partners IV, L.P. |
2003 |
200,000,000 |
183,873,563 |
91,059,795 |
235,373,172 |
10.0 |
|
1.30x |
|
| TPG Partners V, L.P. |
2006 |
750,000,000 |
620,956,434 |
115,214,586 |
417,292,800 |
(20.7) |
N/M |
0.70x |
N/M |
| TPG Partners VI, L.P. |
2008 |
855,000,000 |
59,232,523 |
261,044 |
14,259,239 |
(82.2) |
N/M |
0.20x |
N/M |
| TPG Ventures, L.P. |
2001 |
245,000,000 |
248,334,245 |
108,082,383 |
213,980,548 |
(4.0) |
|
0.90x |
|
| Tricor Pacific Capital (Fund IV), LP |
2006 |
98,864,030 |
49,216,989 |
1,242,925 |
34,292,249 |
(21.1) |
N/M |
0.70x |
N/M |
| Trinity Ventures IX, L.P. |
2006 |
25,000,000 |
17,975,000 |
3,042,996 |
19,701,393 |
6.3 |
N/M |
1.10x |
N/M |
| VantagePoint CleanTech Partners, L.P. |
2006 |
25,000,000 |
16,250,000 |
0 |
19,835,219 |
10.5 |
N/M |
1.20x |
N/M |
| VantagePoint Venture Partners 2006 (Q) |
2006 |
100,000,000 |
35,000,000 |
0 |
28,802,956 |
(13.1) |
N/M |
0.80x |
N/M |
| Vicente Capital Partners Growth Equity |
2007 |
40,422,297 |
8,553,031 |
0 |
5,997,947 |
(38.6) |
N/M |
0.70x |
N/M |
| Vista Portfolio |
N/A |
1,150,200,000 |
1,106,891,112 |
1,301,839,637 |
2,692,616,672 |
7.1 |
|
1.30x |
|
| W Capital Partners I, L.P. |
2004 |
25,000,000 |
22,720,000 |
11,135,642 |
20,431,051 |
(5.2) |
|
0.90x |
|
| W Capital Partners II, L.P. |
2007 |
141,125,000 |
60,270,738 |
877,232 |
54,616,099 |
(8.1) |
N/M |
0.90x |
N/M |
| Wayzata Opportunities Fund I, LLC |
2006 |
75,000,000 |
71,700,000 |
0 |
85,308,367 |
5.9 |
N/M |
1.20x |
N/M |
| Wayzata Opportunities Fund II, LLC |
2007 |
250,000,000 |
223,750,000 |
1,051,899 |
231,077,034 |
3.2 |
N/M |
1.00x |
N/M |
| Welsh, Carson, Anderson & Stowe IX, L.P. |
2000 |
125,000,000 |
120,000,000 |
129,234,414 |
195,914,262 |
13.2 |
|
1.60x |
|
| Welsh, Carson, Anderson & Stowe VI, LP |
1993 |
50,000,000 |
50,000,000 |
97,922,237 |
100,192,716 |
12.9 |
|
2.00x |
|
| Welsh, Carson, Anderson & Stowe VII, LP |
1995 |
150,000,000 |
150,000,000 |
323,310,399 |
328,735,853 |
17.9 |
|
2.20x |
|
| Welsh, Carson, Anderson & Stowe VIII, LP |
1998 |
150,000,000 |
150,000,000 |
123,932,712 |
172,992,274 |
1.9 |
|
1.20x |
|
| Welsh, Carson, Anderson & Stowe X, L.P. |
2005 |
175,000,000 |
147,000,000 |
0 |
132,585,601 |
(4.5) |
N/M |
0.90x |
N/M |
| Welsh, Carson, Anderson & Stowe XI, L.P. |
2009 |
125,000,000 |
1,179,871 |
0 |
0 |
(100.0) |
N/M |
0.00x |
N/M |
| WLR Recovery Fund I, L.P. |
1997 |
50,000,000 |
50,000,000 |
169,304,559 |
172,878,840 |
35.1 |
|
3.50x |
|
| WLR Recovery Fund II, L.P. |
2002 |
50,000,000 |
50,000,000 |
89,034,304 |
113,238,393 |
79.9 |
|
2.30x |
|
| WLR Recovery Fund III, L.P. |
2005 |
198,000,000 |
185,321,053 |
12,472,604 |
160,061,341 |
(6.2) |
N/M |
0.90x |
N/M |
| WLR Recovery Fund IV, L.P. |
2007 |
400,000,000 |
191,395,065 |
3,075,316 |
198,562,660 |
3.6 |
N/M |
1.00x |
N/M |
| Yucaipa American Alliance Fund I, L.P. |
2002 |
200,000,000 |
177,419,762 |
116,016,677 |
228,304,326 |
10.3 |
|
1.30x |
|
| Yucaipa American Alliance Fund II, L.P. |
2008 |
400,000,000 |
98,583,275 |
38,108 |
137,548,588 |
40.7 |
N/M |
1.40x |
N/M |
| Yucaipa American Special Situations |
2002 |
50,000,000 |
47,851,179 |
34,449,764 |
44,614,135 |
(2.5) |
|
0.90x |
|
| Yucaipa Corporate Initiative Fund I |
2001 |
200,000,000 |
199,322,364 |
28,190,606 |
167,021,992 |
(4.4) |
|
0.80x |
|
| Yucaipa Corporate Initiative Fund II |
2008 |
100,000,000 |
12,542,230 |
54,171 |
9,844,105 |
(20.3) |
N/M |
0.80x |
N/M |
|
|
|
|
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.
On a quarterly basis, The PrivateEdge Group at State Street Corporation provides CalPERS with a summary of the AIM portfolio, which is based on cash flow data and activity data that is provided by The PrivateEdge Group, Grove Street Advisors, and various AIM program external resources and staff.
Figures in the table will not aggregate to the amounts listed in the
Private Equity Performance Review in the Current External Alternative Investment Managers area since that review contains additional investments, including direct investments in private companies. As a result of confidentiality agreements, CalPERS does not disclose the identity of companies or individual portfolio company performance figures. These agreements may be required by certain investors or by the fund manager to maximize returns by protecting a competitive advantage in identifying, analyzing, investing, and exiting businesses. Compliance with the confidentiality agreement is a condition of investing in private equity funds.
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