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Golden State Investment Partners

The Golden State Investment Fund (GSIF) is the second phase of CalPERS California Initiative Program. GSIF, managed by Hamilton Lane, will seek compelling private equity investment opportunities, both partnerships and co-investments, focused in the State of California.

Golden State Investment Partners
200 California Street, Suite 400
San Francisco, CA 94111
(415) 365-1070
http://www.gsif.com/investmentOps.asp

All of the information on this page is as of September 30, 2012.

Below is fund performance information for Golden State Investment Partners.

Note: The figures shown are reported by the general partners. For funds with a vintage year of 2008 or sooner, the investment multiple was noted as N/M, which means Not Meaningful. The term N/A means Not Available. Partnership investments ending with a 1 are using cash adjusted market values.
Fund
Description		 Vin-
tage
Year1		 Capital
Committed		 Cash In Cash Out Cash Out &
Remaining
Value		 Net IRR2 Foot-
notes		 Invest-
ment
Multiple3		 Foot-
notes
Accel-KKR SCP California, LP 2011 $5,000,000 $116,420 $0 $12,742 (99.5)% N/M 0.10x N/M
Accel-KKR Structured Capital Partners LP 2011 15,000,000 5,350,308 236,651 3,693,972 (46.5) N/M 0.70x N/M
Caltius Equity Partners II, L.P. 2007 20,000,000 15,022,601 3,817,371 19,738,600 7.8 1.30x
Carpenter Community BancFund-A, L.P. 2008 12,000,000 10,858,076 189,330 12,760,269 6.4 N/M 1.20x N/M
Carpenter Community BancFund-CA, L.P. 2008 8,000,000 7,082,122 126,220 9,071,339 8.9 N/M 1.30x N/M
Claremont Creek Ventures II, L.P. 2009 5,000,000 2,137,500 0 2,266,019 3.7 N/M 1.10x N/M
DBL Equity Fund -BAEF II, L.P. 2009 10,000,000 5,272,000 3,795 4,664,289 (6.7) N/M 0.90x N/M
DFJ Frontier Fund II, L.P. 2007 10,000,000 7,500,000 772,251 9,628,143 9.7 1.30x
DFJ Frontier Fund II, LP (B) 2007 10,000,000 7,500,000 772,251 9,628,144 9.7 1.30x
Energy Capital Partners II, L.P. 2010 10,000,000 4,308,097 120,676 5,617,325 18.2 N/M 1.30x N/M
GRP III Investors, L.P. 2009 4,000,000 3,388,827 2,534 5,005,312 20.4 N/M 1.50x N/M
GRP III, L.P. 2009 6,000,000 4,361,192 0 5,544,833 13.2 N/M 1.30x N/M
Huntington Capital Fund II, L.P. 2008 15,000,000 11,572,143 4,342,532 15,433,387 14.6 N/M 1.30x N/M
KAPI Mezzanine, L.P. 2008 15,000,000 7,786,133 6,087,509 8,379,052 4.0 N/M 1.10x N/M
LLCP California Growth Fund, LP 2007 35,000,000 16,899,922 7,002,144 22,942,401 9.6 1.40x
LLCP California Growth Fund, LP (B) 2007 50,000,000 24,142,744 9,709,903 32,481,701 9.4 1.30x
Pacific Community Ventures Ptrs III, LLC 2007 10,000,000 7,648,250 99,190 7,623,506 (.1) 1.00x
RLH Investors II, L.P. 2007 25,000,000 22,371,368 20,859,357 46,499,937 21.0 2.10x
Seidler Equity Partners IV, L.P. 2010 12,000,000 3,596,000 111,272 1,451,591 (59.5) N/M 0.40x N/M
SEP IV California Fund 2010 8,000,000 960,000 73,879 978,604 1.0 N/M 1.00x N/M
St. Cloud Capital Partners II, L.P. 2008 15,000,000 12,079,919 3,149,760 11,138,706 (3.2) N/M 0.90x N/M
Vance Street Capital, LLC 2008 20,000,000 11,139,624 5,654,846 14,840,818 12.8 N/M 1.30x 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.
n/a Not applicable.
n.m. Not meaningful.