CalPERS
CalPERS Investments > CalPERS Assets > Equities > Private Equity Program > Private Equity Performance Review > PE Program Fund Performance > Investment Vehicles

57 Stars Emerging Markets Fund Investment

57 Stars focuses on select private equity markets outside the United States and Western Europe.

57 Stars Emerging Markets Fund Investments (EMFI)
616 H Street, N.W., Suite 450
Washington, DC 20001
(202) 824-1600

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

Below is fund performance information for 57 Stars Emerging Markets Fund Investments (EMFI).

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
Actera Partners, L.P. 2007 $7,974,205 $6,403,722 $2,419,285 $10,628,271 19.1% 1.66x
Actis Africa 3 2008 9,906,700 6,607,910 1,392 10,183,498 18.2 N/M 1.54x N/M
Actis India 3 2008 9,906,700 6,439,241 1,067,611 6,657,962 2.2 N/M 1.03x N/M
Advent Central & Eastern Europe IV, LP 2008 6,645,171 3,962,200 0 2,918,547 (14.3) N/M 0.74x N/M
AP Cayman Partners II, L.P. 2007 6,950,141 3,996,356 0 1,706,322 (23.3) 0.43x
Baring Asia Private Equity Fund IV, L.P. 2007 24,766,750 20,133,603 6,267,022 25,911,657 7.4 1.29x
Baring India Private Equity Fund III 2008 19,813,400 9,967,252 956,183 9,017,977 (7.4) N/M 0.90x N/M
CDH Ventures Partners Fund 2 2008 9,906,700 8,200,494 1,433,564 7,853,340 (1.9) N/M 0.96x N/M
DLJ South American Partners 2007 19,813,400 18,669,310 26,432,357 44,061,182 37.7 2.36x
DT Capital China Growth Fund 2008 14,860,050 12,793,506 1,056,613 14,388,281 4.2 N/M 1.12x N/M
Evergreen 5 2007 4,953,350 4,003,346 824,286 3,316,968 (6.0) 0.83x
GSR Ventures III 2008 9,906,700 7,632,824 0 9,301,452 11.2 N/M 1.22x N/M
Hony Capital Fund 2008, LP 2008 12,383,375 11,895,502 812,129 12,182,199 1.4 N/M 1.02x N/M
India Value Fund IV 2010 19,813,400 5,552,920 251,384 4,528,875 (24.7) N/M 0.82x N/M
Innova Fund V 2009 26,580,682 7,134,575 125 7,383,172 2.7 N/M 1.03x N/M
Mayfield India 2008 4,953,350 2,628,075 1,094,879 3,140,595 6.4 N/M 1.20x N/M
Mid-Europa Partners Fund III, L.P. 2007 19,270,995 14,043,118 1,273,039 12,664,809 (3.7) 0.90x
Navis Asia Fund V, L.P. 2007 14,860,050 14,458,812 2,041,076 21,729,461 11.3 1.50x
New Horizon Capital III 2009 9,906,700 8,522,322 593,123 10,700,246 13.9 N/M 1.26x N/M
Patria Brazilian Private Equity Fund 3 2008 19,813,400 11,888,384 2,602,927 14,242,005 9.1 N/M 1.20x N/M
Samara Capital Partners Fund 1 2008 9,906,700 7,425,033 211,668 9,421,904 9.1 N/M 1.27x N/M
SBCVC Fund 3 2008 9,906,700 6,396,037 0 7,586,490 7.4 N/M 1.19x N/M
South Eastern Europe Fund 2007 9,635,497 9,041,809 5,610 4,670,780 (16.1) 0.52x
Southeast Europe Equity Fund 2 2007 9,906,700 9,053,351 0 9,040,293 0 1.00x
Southern Cross Latin America PE Fund III 2007 49,813,400 44,764,601 11,099,479 64,477,327 12.7 1.44x
SVB India Capital Partners, L.P. 2007 4,953,350 4,333,923 368,377 4,533,083 1.4 1.05x
Turkish Private Equity Fund II, L.P. 2008 8,638,722 8,751,231 367,803 14,027,998 18.9 N/M 1.60x 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.