The CalPERS Emerging Manager funds are managed by Grosvenor Capital Management (CFIG) and focused on domestic emerging managers.
Jessica Holsey, Principal
CalPERSReferrals@gcmlp.com
GCM Grosvenor
767 Fifth Avenue, 14th Floor
New York, NY 10153
(646) 362-3656
The table shows fund performance information for GCM Grosvenor Private Markets as of September 30, 2023.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
| Aldrich Capital Partners Fund, LP | 2018 | $8,663,366 | $8,499,500 | $0 | $13,664,643 | 14.4% | 1.6x |
| Arcadius (SW) Energy Capital, LP | 2018 | $14,851,485 | $13,026,038 | $0 | $11,398,881 | -2.6% | 0.9x |
| Argand Partners Fund, LP | 2017 | $14,851,485 | $13,083,806 | $462,721 | $19,727,047 | 8.3% | 1.5x |
| Avance Investment Partners, L.P. | 2021 | $34,684,685 | $14,593,237 | $350,939 | $17,163,595 | N/M1 | N/M |
| Avante Mezzanine Partners SBIC II, LP | 2015 | $14,563,107 | $12,130,194 | $12,495,146 | $22,027,523 | 16.2% | 1.8x |
| Cornell Capital Partners II LP | 2022 | $34,684,685 | $19,423,423 | $0 | $18,411,577 | N/M1 | N/M |
| Crayhill Capital Management LP Master Co-Investment | 2018 | $3,300,330 | $3,292,481 | $3,907,724 | $3,941,349 | 12.6% | 1.2x |
| Crayhill Principal Strategies Fund LP | 2017 | $6,600,660 | $4,137,136 | $5,357,538 | $5,357,538 | 12.1% | 1.3x |
| CRG Partners III (Holdings 2) L.P. | 2016 | $11,165,049 | $2,637,407 | $2,920,656 | $7,135,500 | 9.7% | 2.7x |
| EIV Capital Fund II, LP | 2014 | $14,851,485 | $13,251,441 | $9,233,864 | $18,001,732 | 8.5% | 1.4x |
| Gemspring Capital Fund I, LP | 2017 | $14,851,485 | $12,299,510 | $28,837,802 | $48,628,861 | 71.9% | 4.0x |
| Gemspring Capital Fund II, LP | 2020 | $19,819,820 | $14,267,829 | $1,080,055 | $16,488,829 | 10.3%1 | 1.2x |
| Grain Communications Opportunity Fund II, L.P. | 2018 | $19,801,980 | $18,119,154 | $8,135 | $30,308,045 | 16.5% | 1.7x |
| HPH II FF, LP | 2019 | $34,684,685 | $32,864,755 | $7,643,117 | $53,269,658 | 19.3%1 | 1.6x |
| Juggernaut Capital Partners III, L.P. | 2015 | $8,663,366 | $6,397,281 | $10,070,893 | $16,931,167 | 17.8% | 2.6x |
| Kingswood Capital Opportunities Fund I, L.P. | 2019 | $34,684,685 | $17,778,742 | $41,501,649 | $106,970,767 | 263.9%1 | 6.0x |
| Kingswood Capital Opportunities Fund II, L.P. | 2022 | $9,909,910 | $3,363,713 | $188 | $3,703,292 | N/M1 | N/M |
| Maranon Mezzanine Fund II, L.P. | 2014 | $9,223,301 | $7,774,395 | $12,370,531 | $14,228,140 | 14.6% | 1.8x |
| Mill Point Capital Partners II, L.P. | 2021 | $19,819,820 | $12,797,124 | $0 | $19,628,473 | N/M1 | N/M |
| Mill Point Capital Partners, L.P. | 2017 | $14,851,485 | $14,459,538 | $11,617,439 | $32,622,970 | 24.8% | 2.3x |
| New Heritage Capital Fund | 2014 | $9,320,388 | $8,864,337 | $13,594,190 | $19,333,640 | 18.6% | 2.2x |
| New Heritage Capital Fund III, L.P. | 2019 | $9,900,990 | $7,791,437 | $2,183,151 | $14,661,667 | 29%1 | 1.9x |
| NHC III GCM Co-Investors, L.P. | 2019 | $4,950,495 | $3,786,147 | $450,569 | $7,515,363 | 27.3%1 | 2.0x |
| NovaQuest Pharma Opportunities Fund IV, L.P. | 2015 | $9,320,388 | $9,181,854 | $2,027,724 | $4,828,846 | -12.2% | 0.5x |
| ParkerGale Capital, LP | 2015 | $14,851,485 | $14,851,485 | $17,099,019 | $22,116,352 | 8.9% | 1.5x |
| Peak Rock Capital Credit Fund II, L.P. | 2017 | $2,970,297 | $2,336,928 | $2,193,596 | $2,960,036 | 20.4% | 1.3x |
| Peak Rock Capital Fund II, LP | 2017 | $11,881,188 | $8,616,438 | $10,051,580 | $17,022,668 | 37.4% | 2.0x |
| Peak Rock Capital Fund III LP | 2021 | $14,864,865 | $6,928,369 | $2,215,503 | $9,209,440 | N/M1 | N/M |
| Peak Rock Capital Fund LP | 2013 | $9,223,301 | $8,488,498 | $9,117,216 | $13,260,624 | 16.6% | 1.6x |
| Recognize Partners I, L.P. | 2021 | $19,819,820 | $8,131,811 | $8,574 | $7,582,623 | N/M1 | N/M |
| Resolve Growth Partners Fund I (Side Car), L.P. | 2019 | $5,662,806 | $3,843,213 | $0 | $5,566,642 | 15.7%1 | 1.4x |
| Resolve Growth Partners Fund I, L.P. | 2019 | $14,157,014 | $11,937,320 | $133,994 | $15,010,913 | 9.6%1 | 1.3x |
| Resurgens Technology Partners, L.P. | 2018 | $8,663,366 | $8,249,742 | $8,864,244 | $19,639,417 | 33.8% | 2.4x |
| Revelstoke Capital Partners Fund I, L.P. | 2015 | $14,851,485 | $14,635,472 | $23,914,448 | $38,045,431 | 19% | 2.6x |
| Reverence Capital Partners Opportunities Fund II, L.P. | 2018 | $14,851,485 | $11,580,223 | $1,975,550 | $23,732,350 | 24.4% | 2.0x |
| Siris Partners II, L.P. | 2012 | $9,320,388 | $8,086,717 | $7,530,926 | $8,517,683 | 1.4% | 1.1x |
| SkyKnight Capital Fund III, L.P. | 2021 | $9,909,910 | $7,431,128 | $2,306,234 | $12,356,076 | N/M1 | N/M |
| Stellex Capital Partners II LP | 2021 | $84,234,234 | $55,585,283 | $2,362,621 | $61,700,711 | N/M1 | N/M |
| Stellex Capital Partners LP | 2015 | $14,563,107 | $10,173,401 | $9,754,917 | $24,572,599 | 23.8% | 2.4x |
| The Central Valley Fund III (SBIC), LP | 2017 | $9,900,990 | $6,930,693 | $0 | $9,396,403 | 6.7% | 1.4x |
| Tritium I, L.P. | 2015 | $8,663,366 | $7,831,887 | $12,873,974 | $19,989,623 | 24.4% | 2.6x |
| Valor Equity Partners III L.P. | 2013 | $9,320,388 | $9,376,740 | $13,925,242 | $19,440,975 | 12.4% | 2.1x |
| Vistria Fund II, LP | 2017 | $14,851,485 | $13,510,161 | $17,011,135 | $33,138,145 | 29.5% | 2.5x |
| Vistria Fund III, LP | 2020 | $34,684,685 | $31,136,244 | $0 | $40,665,930 | 11.2%1 | 1.3x |