As of September 30, 2021, the since inception Net IRR is 11.5% and the Net Multiple is 1.5x.

The table below reflects the performance of all active PE partnership investments as of September 30, 2021. At the end of each quarter, the General Partners report on the value of invested capital. The General Partners have 120 days to provide Limited Partners with financial data, so there is generally a 2-quarter delay in performance reporting.

The table is updated quarterly and provides information on the status of all active CalPERS private equity commitments; it doesn't include any exited partnership investments.

  • The Fund column lists the names of all active partnership investments.
  • Vintage Year is the year in which CalPERS’ first cash flow for the investment occurred.
  • Capital Committed identifies the original amount CalPERS committed to each fund.
  • Cash In represents capital contributed for investments and management fees.
  • Cash Out represents distributions CalPERS has received back from the fund.
  • Cash Out & Remaining Value represents the distributions CalPERS has received plus the reported value of the invested capital.
  • Net IRR is the Net Internal Rate of Return based on CalPERS’ actual cash flows and the reported value of the invested capital.
  • Investment Multiple is the Cash Out & Remaining Value divided by the Cash In.

In evaluating private equity performance, CalPERS emphasizes using both the realized Internal Rate of Return (IRR) and Investment Multiple. Interim IRRs by themselves are not the best indicators of current or future fund performance.

The IRR is calculated based on CalPERS records of cash flows and financial statements from the investment managers.

Print

Fund Vintage Year Capital Committed Cash In Cash Out Cash Out & Remaining Value Net IRR Investment Multiple
Fund Vintage Year            
57 Stars Global Opportunities Fund 2 (CalPERS), LLC 2009 $500,000,000 $506,524,531 $366,058,285 $787,909,522 8.4% 1.6x
57 Stars Global Opportunities Fund, LLC 2007 $430,000,000 $413,444,386 $538,717,037 $586,546,953 6.4% 1.4x
AACP AP Investors, L.P. 2007 $14,108,080 $14,865,637 $16,898,666 $16,920,352 2.1% 1.1x
AACP China Debt Investors, LP 2008 $10,000,000 $15,912,196 $20,202,625 $20,202,625 8.3% 1.3x
AACP China Growth Investors 2007 $50,000,000 $51,950,708 $81,890,513 $83,947,001 7.9% 1.6x
AACP China Venture Investors A, LP 2008 $5,000,000 $4,325,120 $5,207,944 $5,207,944 2.6% 1.2x
AACP India Investors B 2007 $5,000,000 $5,208,519 $11,005,218 $19,178,834 12.5% 3.7x
AACP India Investors C 2009 $5,000,000 $5,131,656 $1,985,865 $12,256,639 12.1% 2.4x
AACP India Venture Investors A 2007 $5,000,000 $5,065,536 $5,653,594 $5,791,238 2.1% 1.1x
Aberdare Ventures IV, LP 2008 $50,000,000 $50,000,000 $27,628,381 $48,950,970 -0.4% 1.0x
Advent International GPE IX Limited Partnership 2019 $550,000,000 $270,934,581 $43,978,033 $815,590,398 129.2% 1 3.0x 1
Advent International GPE V-D, L.P. 2005 $81,052,301 $77,609,736 $184,029,126 $186,910,204 42.7% 2.4x
Advent International GPE VI-A, L.P. 2008 $500,000,000 $502,306,204 $1,006,375,016 $1,063,511,644 16.7% 2.1x
Advent International GPE VII-C, L.P. 2012 $450,000,000 $423,732,784 $581,507,317 $832,289,177 15.2% 2.0x
Advent International GPE VIII-B Limited Partnership 2016 $500,000,000 $474,500,002 $337,767,605 $1,069,553,073 26.9% 2.3x
Advent Latin America Private Equity Fund IV-D, L.P. 2007 $200,000,000 $205,315,197 $292,840,196 $310,920,851 9.0% 1.5x
Advent Latin America Private Equity Fund V-H L.P. 2010 $100,000,000 $96,200,000 $55,500,000 $103,208,306 1.2% 1.1x
Advent Latin American Private Equity Fund III-D L.P. 2006 $50,000,000 $49,385,090 $71,206,184 $72,936,892 9.7% 1.5x
Affinity Asia Pacific Fund III L.P. 2007 $150,000,000 $155,064,800 $211,331,584 $218,338,570 9.1% 1.4x
Aisling Capital II, LP 2006 $80,000,000 $100,994,319 $99,084,187 $101,530,494 0.1% 1.0x
Aisling Capital III, LP 2008 $90,000,000 $113,022,526 $252,501,604 $253,202,161 26.4% 2.2x
AlpInvest Secondaries Fund (onshore) VII, L.P. 2021 $500,000,000 $32,913,670 $288,756 $53,948,511 N/M 1 N/M 1
Alta V Limited Partnership 1992 $35,000,000 $35,000,000 $84,587,808 $84,587,808 25.5% 2.4x
Apollo European Principal Finance Fund, L.P. 2008 $84,036,950 $165,247,829 $200,503,086 $200,806,026 11.9% 1.2x
Apollo Investment Fund IV, L.P. 1998 $150,000,000 $154,085,315 $254,289,011 $254,332,594 8.5% 1.7x
Apollo Investment Fund IX, L.P 2019 $550,000,000 $321,463,890 $55,595,838 $408,815,226 27.0% 1 1.3x 1
Apollo Investment Fund V, L.P. 2001 $250,000,000 $388,164,138 $776,929,038 $779,064,285 37.5% 2.0x
Apollo Investment Fund VI, L.P. 2006 $520,000,000 $866,357,105 $1,218,417,644 $1,228,167,970 8.3% 1.4x
Apollo Investment Fund VII, L.P. 2008 $800,000,000 $1,203,335,917 $1,937,551,774 $1,958,836,383 22.0% 1.6x
Apollo Investment Fund VIII, L.P. 2013 $500,000,000 $482,740,983 $454,539,990 $769,988,191 12.8% 1.6x
Apollo Special Opportunities Managed Account, L.P. 2007 $800,000,000 $800,000,000 $1,031,465,535 $1,082,256,668 3.7% 1.4x
ArcLight Energy Partners Fund III, L.P. 2006 $200,000,000 $212,312,180 $314,980,433 $314,980,433 8.6% 1.5x
ArcLight Energy Partners Fund IV, L.P. 2007 $250,000,000 $255,794,752 $388,365,992 $388,847,672 12.6% 1.5x
Ares Corporate Opportunities Fund II, L.P. 2006 $200,000,000 $224,963,782 $371,474,471 $371,726,544 13.0% 1.7x
Ares Corporate Opportunities Fund III, L.P. 2008 $400,000,000 $512,078,628 $1,059,418,691 $1,080,011,769 20.4% 2.1x
Ares Corporate Opportunities Fund V, L.P. 2017 $425,000,000 $452,068,398 $121,421,239 $574,805,494 11.0% 1 1.3x 1
Ares Corporate Opportunities Fund VI, L.P. 2021 $250,000,000 $67,485,691 $0 $86,163,426 N/M 1 N/M 1
Ares Corporate Opportunities Fund, L.P. 2003 $100,000,000 $135,853,818 $195,665,318 $197,038,970 12.8% 1.5x
ASF VIII B L.P. 2020 $300,000,000 $94,725,928 $11,113,208 $165,587,646 N/M 1 N/M 1
Asia Alternatives Capital Partners II LP 2008 $48,933,451 $50,298,396 $95,711,305 $136,961,086 18.2% 2.7x
Asia Alternatives Capital Partners, LP 2007 $50,000,000 $53,499,274 $91,491,868 $99,266,192 11.4% 1.9x
Avenue Asia Special Situations Fund IV, L.P. 2006 $300,000,000 $271,629,915 $297,297,571 $297,297,571 2.0% 1.1x
Avenue Special Situations Fund IV, L.P. 2006 $150,000,000 $150,000,000 $212,523,413 $212,523,413 8.7% 1.4x
Avenue Special Situations Fund V, L.P. 2007 $400,000,000 $473,059,573 $607,116,534 $607,116,534 11.3% 1.3x
Avenue Special Situations Fund VI (A), L.P. 2011 $150,000,000 $153,245,391 $156,960,153 $173,304,603 2.6% 1.1x
Baring Vostok Private Equity Fund IV L.P. / Supplemental 2007 $77,775,000 $91,865,849 $95,583,966 $111,310,363 3.4% 1.2x
BDC III C LP 2017 $131,511,348 $103,805,039 $73,507,677 $236,489,206 42.1% 1 2.3x 1
BDC IV D LP 2021 $216,180,160 $8,902,959 $0 $5,855,312 N/M 1 N/M 1
BE VI 'H' L.P. 2019 $401,759,375 $223,535,510 $30,862,110 $278,747,796 20.4% 1 1.2x 1
Bear Technology Fund, L.P. 2021 $100,000,000 $43,780,000 $0 $43,566,238 N/M 1 N/M 1
Berkeley Street Strategic Solutions, L.P. 2021 $1,400,000,000 $555,783,085 $0 $555,783,725 N/M 1 N/M 1
Birch Hill Equity Partners (US) III, LP 2005 $125,732,588 $142,211,315 $266,973,516 $270,895,526 12.1% 1.9x
Birch Hill Equity Partners (US) IV, LP 2011 $137,130,396 $131,593,320 $185,970,198 $363,498,536 17.7% 2.8x
Blackstone / GSO Capital Solutions Fund, LP 2010 $250,000,000 $362,730,003 $437,389,265 $439,859,369 9.4% 1.2x
Blackstone Capital Partners IV L.P. 2003 $200,000,000 $229,547,943 $560,662,208 $563,635,297 36.3% 2.5x
Blackstone Capital Partners V L.P. 2006 $600,000,000 $794,478,236 $1,205,182,175 $1,223,921,413 7.9% 1.5x
Blackstone Capital Partners VI L.P. 2011 $500,000,000 $541,392,353 $660,577,428 $937,910,135 12.8% 1.7x
Blackstone Capital Partners VII, L.P. 2016 $500,000,000 $514,338,075 $193,665,185 $837,990,628 21.6% 1.6x
Blackstone Capital Partners VIII, L.P. 2021 $750,000,000 $236,917,357 $8,226,098 $294,049,022 N/M 1 N/M 1
Blackstone Communications Partners I L.P. 2000 $100,000,000 $111,226,418 $135,473,542 $136,259,887 6.5% 1.2x
Blackstone Core Equity Partners II, L.P. 2021 $1,000,000,000 $60,641,093 $0 $62,654,486 N/M 1 N/M 1
Blackstone Tactical Opportunities Fund - C L.P. 2012 $800,000,000 $983,670,979 $1,191,660,325 $1,389,703,047 10.9% 1.4x
Blackstone Tactical Opportunities Fund II - C L.P. 2015 $500,000,000 $466,366,970 $461,942,627 $715,050,157 14.7% 1.5x
Blackstone Tactical Opportunities Fund III-C (Surge) L.P. 2019 $500,000,000 $219,392,605 $59,217,731 $255,919,002 13.5% 1 1.2x 1
Blackstone Tactical Opportunities Fund III-C L.P. 2018 $350,000,000 $276,548,834 $71,654,218 $392,651,855 29.4% 1 1.4x 1
Bridgepoint Europe II 'A' LP 2001 $110,903,577 $127,309,360 $227,397,574 $227,397,574 29.3% 1.8x
Bridgepoint Europe II 'C' L.P. 2015 $27,775,771 $1,914,485 $683,202 $683,202 -27.4% 0.4x
Bridgepoint Europe III 'C' L.P. 2015 $27,776,411 $16,760,648 $13,270,286 $19,885,473 4.9% 1.2x
Bridgepoint Europe III 'D' LP 2005 $194,476,081 $191,932,333 $194,762,790 $234,097,063 2.5% 1.2x
Bridgepoint Europe IV 'B' L.P. 2015 $91,475,225 $68,658,293 $75,434,322 $96,466,779 14.2% 1.4x
Bridgepoint Europe IV 'D' LP 2008 $399,737,602 $394,251,551 $532,921,340 $612,724,582 9.8% 1.6x
Bridgepoint Europe V 2014 $399,980,998 $377,587,072 $359,152,723 $777,048,621 22.5% 2.1x
California Asia Investors, L.P. 2008 $150,000,000 $149,297,663 $558,416,974 $662,298,617 27.2% 4.4x
California Community Venture Fund, LLC 2003 $100,000,000 $100,067,655 $86,701,858 $93,059,052 -1.2% 0.9x
California Emerging Ventures II, LLC 1999 $1,339,569,396 $1,391,089,668 $1,718,145,285 $1,718,145,285 3.9% 1.2x
California Emerging Ventures III, LLC 2001 $510,129,981 $618,709,176 $811,048,196 $864,300,568 7.3% 1.4x
California Emerging Ventures IV, LLC 2006 $462,564,891 $488,314,625 $811,106,243 $942,963,373 12.4% 1.9x
California Emerging Ventures, LLC 1999 $952,944,894 $1,096,189,129 $1,270,832,900 $1,270,832,900 3.5% 1.2x
California Mezzanine Investment Fund, L.P. 2016 $80,000,000 $48,666,669 $40,271,837 $57,631,760 6.6% 1.2x
California Partners, L.P. 2020 $350,000,000 $97,668,127 $0 $108,677,410 N/M 1 N/M 1
CalPERS Clean Energy & Technology Fund, LLC 2007 $465,000,000 $468,423,814 $132,249,749 $171,071,594 -14.0% 0.4x
CalPERS Corporate Partners, LLC 2001 $500,000,000 $533,469,879 $831,967,512 $831,967,512 9.3% 1.6x
CalPERS Wellspring V, L.P. 2011 $24,975,000 $26,502,085 $43,527,502 $52,087,093 22.5% 2.0x
Capital Link Fund I, LLC 2007 $502,000,000 $600,773,950 $830,082,311 $919,876,665 8.1% 1.5x
Capital Link Fund II, LLC 2008 $435,000,000 $470,441,647 $707,053,319 $794,078,360 12.1% 1.7x
Carlyle Asia Growth Partners III, L.P. 2005 $75,000,000 $84,766,869 $78,177,512 $78,177,512 -1.4% 0.9x
Carlyle Asia Growth Partners IV, L.P. 2008 $150,000,000 $164,706,974 $162,920,309 $181,400,516 2.4% 1.1x
Carlyle Asia Partners (PV II), L.P. 2000 $75,000,000 $78,409,168 $214,068,678 $214,068,678 18.4% 2.7x
Carlyle Asia Partners II, L.P. 2006 $150,000,000 $168,387,337 $256,858,991 $257,631,635 8.2% 1.5x
Carlyle Asia Partners III, L.P. 2008 $300,000,000 $370,429,797 $516,692,576 $582,389,801 12.1% 1.6x
Carlyle Asia Partners V, L.P. 2018 $250,000,000 $106,407,559 $34,653,539 $142,391,098 22.8% 1 1.3x 1
Carlyle Europe Partners II, L.P. 2003 $71,809,636 $93,146,528 $147,395,262 $148,256,781 19.7% 1.6x
Carlyle Europe Partners III, L.P. 2007 $417,852,065 $461,294,170 $739,435,725 $744,877,726 11.2% 1.6x
Carlyle Europe Partners V, S.C.Sp. 2019 $347,164,376 $176,833,335 $502,891 $197,054,435 8.7% 1 1.1x 1
Carlyle Europe Technology Partners II, L.P. 2008 $101,674,628 $110,519,643 $203,697,499 $205,109,150 16.2% 1.9x
Carlyle Global Financial Services Partners, L.P. 2008 $150,000,000 $191,950,088 $322,013,690 $322,642,576 13.7% 1.7x
Carlyle Japan Partners II, L.P. 2006 $157,586,134 $163,074,911 $171,231,605 $175,708,849 1.4% 1.1x
Carlyle Japan Partners, L.P. 2001 $25,507,652 $38,722,584 $76,795,315 $76,795,315 34.1% 2.0x
Carlyle Mexico Partners, L.P. 2005 $25,000,000 $30,874,091 $37,552,281 $37,552,281 7.9% 1.2x
Carlyle Partners IV L.P. 2005 $300,000,000 $315,731,007 $665,380,421 $665,380,421 14.5% 2.1x
Carlyle Partners V, L.P. 2007 $800,000,000 $1,067,512,609 $1,673,627,196 $1,737,324,964 12.8% 1.6x
Carlyle Partners VI, L.P. 2013 $547,000,000 $591,619,488 $544,166,859 $1,200,291,730 18.0% 2.0x
Carlyle Partners VII, L.P. 2018 $600,000,000 $463,069,885 $17,621,288 $527,960,066 8.5% 1 1.1x 1
Carlyle Realty Partners III, L.P. 2001 $50,000,000 $66,711,505 $158,781,563 $159,089,823 28.3% 2.4x
Carlyle Strategic Partners II, L.P. 2007 $75,000,000 $148,924,890 $190,708,651 $193,377,237 11.4% 1.3x
Carlyle Strategic Partners IV, L.P. 2016 $150,000,000 $124,212,551 $68,760,402 $139,046,188 8.2% 1.1x
Carlyle U.S. Equity Opportunities II, L.P. 2015 $200,000,000 $196,195,287 $123,593,065 $280,597,706 12.4% 1.4x
Carlyle U.S. Growth Fund III, L.P. 2006 $75,000,000 $92,197,113 $121,587,162 $123,106,450 7.3% 1.3x
Carlyle Venture Partners II, L.P. 2001 $50,000,000 $77,961,078 $77,144,623 $77,419,415 -0.2% 1.0x
Carlyle/Riverstone Global Energy and Power Fund II 2003 $75,000,000 $123,495,345 $216,931,415 $216,931,415 52.7% 1.8x
Carlyle/Riverstone Global Energy and Power Fund III, L.P. 2005 $250,000,000 $267,297,504 $343,371,353 $350,437,699 5.9% 1.3x
Carlyle/Riverstone Renewable Energy Infrastructure Fund I 2006 $60,000,000 $60,191,011 $7,694,697 $7,694,697 -34.5% 0.1x
Castlelake I, L.P. 2007 $75,000,000 $76,882,978 $95,949,128 $104,989,343 4.4% 1.4x
CDH Fund V, L.P. 2014 $200,000,000 $225,222,570 $168,849,341 $362,704,523 12.2% 1.6x
Centerbridge Capital Partners III, L.P. 2015 $150,000,000 $197,405,192 $133,154,184 $304,266,230 18.9% 1.5x
Cerberus CAL II Partners, L.P. 2017 $500,000,000 $423,762,376 $164,851,485 $765,369,557 22.6% 1 1.8x 1
Cerberus CAL III Partners, L.P. 2019 $500,000,000 $339,052,512 $15,408,997 $350,756,261 5.0% 1 1.0x 1
Cerberus CP Partners LP 2013 $600,000,000 $674,624,184 $867,187,203 $1,578,272,896 20.3% 2.3x
Cerberus Institutional Partners V, L.P. 2012 $400,000,000 $479,288,769 $683,630,151 $948,279,188 15.4% 2.0x
China Privatization Fund (Del), L.P. 2006 $100,000,000 $69,317,995 $133,415,962 $133,415,962 13.7% 1.9x
Clarus Lifesciences I, L.P. 2006 $45,000,000 $40,629,150 $46,969,496 $51,469,445 4.0% 1.3x
Clarus Lifesciences II, L.P. 2008 $75,000,000 $71,452,500 $127,680,775 $131,821,215 14.7% 1.8x
Clayton, Dubilier & Rice Fund X, L.P. 2018 $150,000,000 $151,365,853 $42,469,586 $323,886,993 52.8% 1 2.1x 1
Clayton, Dubilier & Rice Fund XI, L.P. 2021 $500,000,000 $60,542,421 $6,126,020 $76,861,156 N/M 1 N/M 1
Clearlake Capital Partners III, LP 2012 $50,000,000 $70,303,505 $180,927,610 $202,019,964 41.0% 2.9x
Clearlake Capital Partners IV, L.P. 2015 $56,700,000 $85,074,999 $118,122,579 $183,274,640 34.3% 2.2x
Clearlake Capital Partners V, L.P. 2018 $75,000,000 $79,321,587 $67,807,284 $200,684,821 58.0% 1 2.5x 1
Clearlake Opportunities Partners (P), L.P. 2015 $56,700,000 $65,670,997 $31,461,852 $95,428,376 15.4% 1.5x
Clearwater Capital Partners Fund I, L.P. 2007 $7,381,847 $41,735,012 $35,355,880 $35,355,880 -5.1% 0.8x
Clearwater Capital Partners Fund II Holdings, L.P. 2005 $54,375,000 $63,247,676 $78,583,349 $80,074,359 4.5% 1.3x
Clearwater Capital Partners Fund III, L.P. 2006 $150,000,000 $150,000,000 $151,031,855 $172,484,787 2.1% 1.1x
Clearwater ICPL Co-Investment Fund, L.P. 2017 $8,594,302 $8,594,302 $8,594,302 $8,594,302 0.0% 1 1.0x 1
Coller International Partners V-A, L.P. 2006 $375,000,000 $322,288,690 $433,869,293 $446,943,084 7.6% 1.4x
Craton Equity Investors I, L.P. 2007 $38,153,846 $39,336,050 $5,300,141 $5,300,141 -32.8% 0.1x
CVC Capital Partners Asia V L.P. 2020 $200,000,000 $13,782,461 $0 $11,710,922 N/M 1 N/M 1
CVC Capital Partners Strategic Opportunities Compounding Capital L.P. 2017 $1,000,154,993 $1,045,196,518 $240,739,305 $1,601,347,897 14.6% 1 1.5x 1
CVC Capital Partners VI, L.P. 2014 $571,682,842 $626,766,333 $480,941,343 $1,174,106,976 18.5% 1.9x
CVC Capital Partners VII (A) L.P. 2018 $569,826,685 $358,603,243 $33,242,322 $589,614,548 29.8% 1 1.6x 1
CVC Credit Strategic Investment A L.P. 2014 $206,787,046 $166,936,340 $240,442,261 $240,539,981 19.6% 1.4x
CVC European Equity Partners III LP 2001 $200,000,000 $234,497,567 $592,407,402 $605,742,532 41.0% 2.6x
CVC European Equity Partners IV (D) L.P. 2005 $326,954,333 $406,865,452 $726,781,649 $727,269,910 17.2% 1.8x
CVC European Equity Partners Tandem Fund (B) L.P. 2007 $467,838,298 $570,492,765 $734,978,678 $735,265,159 6.8% 1.3x
CVC European Equity Partners V (B) L.P. 2008 $563,771,661 $710,380,479 $1,277,507,777 $1,303,482,200 16.4% 1.8x
DS Opportunities (C) LP 2021 $175,756,624 $37,238,549 $0 $35,116,080 N/M 1 N/M 1
EMAlternatives Investments, L.P. 2007 $100,000,000 $115,552,600 $121,637,230 $142,317,985 4.1% 1.2x
EQT IX (No.2) USD SCSp 2021 $750,000,000 $304,026,758 $23,951,092 $382,282,874 N/M 1 N/M 1
Essex Woodlands Health Ventures Fund VIII, L.P. 2008 $125,000,000 $127,644,136 $110,983,788 $110,983,788 -2.5% 0.9x
EW Healthcare Partners Acquisition Fund, L.P. 2021 $38,998,130 $38,998,130 $10,410,883 $44,048,237 N/M 1 N/M 1
First Reserve Fund XI, L.P. 2006 $500,000,000 $570,173,986 $390,721,510 $391,325,578 -9.4% 0.7x
First Reserve Fund XII, L.P. 2008 $300,000,000 $347,494,096 $184,467,869 $198,371,354 -14.5% 0.6x
First Reserve Fund XIII, LP 2014 $400,000,000 $448,248,463 $151,334,116 $413,273,171 -3.5% 0.9x
Forecastle, L.P. 2020 $500,000,000 $137,060,000 $0 $152,615,966 N/M 1 N/M 1
Francisco Partners Agility II, L.P. 2020 $50,000,000 $5,000,000 $0 $6,409,119 N/M 1 N/M 1
Francisco Partners II, L.P. 2006 $175,000,000 $174,005,517 $256,293,759 $279,264,023 10.2% 1.6x
Francisco Partners III, L.P. 2011 $100,000,000 $95,284,663 $284,081,776 $331,594,481 24.1% 3.5x
Francisco Partners VI, L.P. 2021 $250,000,000 $63,750,000 $0 $69,979,044 N/M 1 N/M 1
Francisco Partners, L.P. 2000 $50,000,000 $52,654,785 $66,630,510 $66,630,510 4.4% 1.3x
GCM Grosvenor DEM II, L.P. 2014 $250,000,000 $228,282,095 $100,443,847 $350,413,148 18.0% 1.5x
GCM Grosvenor DEM III, L.P. 2019 $550,000,000 $200,726,296 $6,051,117 $246,710,107 24.5% 1 1.2x 1
GCM Grosvenor DEM, L.P. 2012 $100,000,000 $110,494,096 $74,422,574 $149,611,490 10.3% 1.4x
General Atlantic Managed Account 2020 $750,000,000 $309,293,962 $0 $366,372,376 N/M 1 N/M 1
Genstar X Opportunities Fund I, L.P. 2021 $150,000,000 $28,150,000 $0 $28,054,166 N/M 1 N/M 1
Golden State Investment Fund, LLC 2006 $533,058,824 $520,860,972 $728,796,394 $830,019,065 8.5% 1.6x
Grandval II, L.P. 2019 $850,000,000 $382,338,959 $0 $667,913,498 60.9% 1 1.7x 1
Grandval, L.P. 2018 $50,000,000 $16,013,644 $0 $37,010,839 39.5% 1 2.3x 1
GranTain Co-Invest L.P. 2021 $200,000,000 $30,074,721 $0 $30,119,713 N/M 1 N/M 1
Green Equity Investors CF, L.P. 2021 $186,639,450 $171,790,803 $0 $173,518,143 N/M 1 N/M 1
Green Equity Investors IV, L.P. 2003 $168,628,515 $170,699,920 $320,319,105 $320,319,105 11.2% 1.9x
Green Equity Investors V, L.P. 2007 $400,000,000 $446,470,165 $1,019,515,541 $1,036,308,520 18.6% 2.3x
Green Equity Investors VIII, L.P. 2020 $600,000,000 $246,194,350 $0 $264,522,043 N/M 1 N/M 1
Greenleaf Co-Invest Partners, L.P. 2021 $600,000,000 $81,663,579 $0 $88,424,082 N/M 1 N/M 1
GSO Capital Opportunities Fund II L.P. 2011 $250,000,000 $310,719,299 $336,668,153 $390,428,451 10.8% 1.3x
GSO Capital Opportunities Fund L.P. 2008 $100,000,000 $166,000,936 $228,800,483 $230,212,184 17.1% 1.4x
GSO Capital Solutions Fund II, L.P. 2014 $500,000,000 $492,447,716 $439,715,315 $507,981,355 2.0% 1.0x
GSO Energy Partners-C II LP 2016 $250,000,000 $228,135,771 $151,054,930 $272,087,141 6.5% 1.2x
GSO Energy Partners-C LP 2013 $400,000,000 $473,910,518 $216,303,200 $366,137,740 -7.7% 0.8x
H.I.G. Europe Middle Market LBO Fund, L.P. 2021 $115,926,000 $3,010,712 $0 $0 N/M 1 N/M 1
Hellman & Friedman Capital Partners IX, L.P. 2020 $650,000,000 $574,816,932 $24,201,741 $746,972,278 N/M 1 N/M 1
Hellman & Friedman Capital Partners VI 2007 $600,000,000 $612,793,602 $1,107,211,455 $1,118,222,858 12.9% 1.8x
Hellman & Friedman Capital Partners VII 2011 $300,000,000 $286,683,504 $797,984,392 $959,541,198 25.0% 3.3x
Hellman & Friedman Capital Partners VIII, L.P. 2016 $500,000,000 $509,948,336 $153,684,689 $1,095,746,637 26.9% 2.1x
ICV Partners II, L.P. 2005 $31,220,000 $40,135,407 $61,947,907 $62,563,278 11.9% 1.6x
Insight Partners XI, L.P. 2020 $400,000,000 $350,000,000 $350,448 $609,937,636 N/M 1 N/M 1
Insight Partners XII Buyout Annex Fund, L.P. 2021 $150,000,000 $37,500,000 $0 $37,038,570 N/M 1 N/M 1
Insight Partners XII, L.P. 2021 $600,000,000 $150,329,845 $0 $147,134,194 N/M 1 N/M 1
Insight Venture Partners Growth-Buyout Coinvestment Fund (B), L.P. 2015 $400,000,000 $410,040,000 $594,837,188 $1,705,814,738 39.4% 4.2x
Insight Venture Partners IX, L.P. 2015 $100,000,000 $105,668,637 $86,410,413 $464,501,386 37.5% 4.4x
Insight Venture Partners V Coinvestment Fund, L.P. 2005 $14,000,000 $14,000,000 $47,668,884 $47,668,884 26.3% 3.4x
Insight Venture Partners V, L.P. 2005 $32,500,000 $32,500,000 $90,913,937 $90,913,937 20.9% 2.8x
Insight Venture Partners VI, L.P. 2007 $68,000,000 $73,833,084 $186,165,175 $186,550,844 19.2% 2.5x
Insight Venture Partners X, L.P. 2018 $250,000,000 $250,933,718 $62,827,201 $719,459,865 52.1% 1 2.9x 1
Jade Equity Investors, L.P. 2020 $155,000,000 $49,156,982 $16,765,388 $75,692,602 N/M 1 N/M 1
K5 Private Investors, L.P. 2021 $150,000,000 $20,396,675 $0 $17,794,148 N/M 1 N/M 1
Khosla Ventures III, L.P. 2009 $200,000,000 $198,800,000 $305,365,934 $447,678,557 12.2% 2.3x
Khosla Ventures Seed, L.P. 2009 $60,000,000 $60,000,000 $12,484,329 $99,360,466 5.7% 1.7x
KKR 2006 Fund L.P. 2006 $400,000,000 $595,099,722 $873,519,877 $943,408,934 8.3% 1.6x
KKR Asian Fund II L.P. 2013 $500,000,000 $607,350,979 $456,504,432 $854,114,574 9.5% 1.4x
KKR Asian Fund IV SCSp 2021 $300,000,000 $42,881,056 $0 $44,163,741 N/M 1 N/M 1
KKR Asian Fund L.P. 2007 $272,575,591 $355,610,855 $599,827,447 $602,567,404 13.6% 1.7x
KKR European Fund II, L.P. 2005 $201,307,275 $236,198,253 $294,468,724 $295,255,426 3.9% 1.3x
KKR European Fund III, L.P. 2008 $312,040,304 $420,716,624 $589,502,563 $602,483,656 9.7% 1.4x
KKR European Fund V (USD) SCSp 2020 $300,000,000 $181,118,119 $16,702,200 $238,214,585 N/M 1 N/M 1
KKR European Fund, L. P. 2001 $75,000,000 $99,833,639 $216,831,549 $216,831,549 24.7% 2.2x
KKR Millennium Fund L.P. 2002 $150,000,000 $208,148,389 $372,970,042 $373,091,650 16.4% 1.8x
KM Corporate Partners Fund II, LP 2007 $200,000,000 $194,879,901 $188,645,774 $283,275,622 6.7% 1.5x
KPS Special Situations Fund III, LP 2007 $175,000,000 $244,794,646 $427,439,314 $428,008,976 23.5% 1.7x
Lime Rock Partners IV AF, L.P. 2018 $83,686,107 $83,812,154 $2,970,992 $144,314,009 18.1% 1 1.7x 1
Lime Rock Partners IV, LP 2006 $43,000,000 $47,917,078 $139,501,029 $139,610,457 14.6% 2.9x
Lime Rock Partners V, L.P. 2008 $85,000,000 $95,104,915 $71,510,504 $82,918,921 -2.6% 0.9x
Lindsay Goldberg IV, L.P. 2015 $250,000,000 $199,724,975 $257,477,382 $410,873,909 33.9% 2.1x
Lindsay Goldberg V L.P. 2020 $250,000,000 $63,759,697 $3,751,342 $74,860,849 N/M 1 N/M 1
Lion Capital Fund II, L.P. 2007 $217,825,374 $260,850,905 $184,784,139 $185,022,966 -7.2% 0.7x
LongRange Capital Fund I, L.P. 2020 $1,500,000,000 $185,404,889 $0 $173,865,135 N/M 1 N/M 1
Madison Dearborn Capital Partners IV, L.P. 2000 $150,000,000 $174,113,440 $306,512,368 $311,249,911 13.9% 1.8x
Madison Dearborn Capital Partners V, L.P. 2006 $300,000,000 $351,554,197 $521,652,933 $533,070,847 7.3% 1.5x
Madison Dearborn Capital Partners VIII, LP 2020 $400,000,000 $91,368,102 $173,186 $134,941,196 N/M 1 N/M 1
Magnum Capital, L.P. 2007 $135,683,217 $145,003,006 $183,294,090 $183,294,090 5.2% 1.3x
MHR Institutional Partners II LP 2003 $50,000,000 $53,000,000 $117,139,848 $135,223,634 13.1% 2.6x
MHR Institutional Partners III LP 2006 $350,000,000 $371,300,000 $447,928,329 $545,107,339 6.5% 1.5x
Middlefield Road Private Opportunities Fund, L.P. 2021 $500,000,000 $55,944,056 $0 $55,732,564 N/M 1 N/M 1
New Mountain Partners II, L.P. 2005 $150,000,000 $138,727,183 $264,581,334 $265,477,916 13.6% 1.9x
New Mountain Partners III, L.P. 2007 $400,000,000 $454,119,376 $822,902,791 $1,052,284,052 14.6% 2.3x
New Mountain Partners VI, L.P. 2021 $600,000,000 $88,367,033 $96,725 $92,029,438 N/M 1 N/M 1
Newbridge Asia IV, L.P. 2005 $180,000,000 $195,554,362 $412,814,091 $413,513,563 16.8% 2.1x
NM Pacific, L.P. 2021 $200,000,000 $45,502,418 $0 $45,039,607 N/M 1 N/M 1
NMP III Continuation Fund, L.P. 2021 $90,723,142 $73,601,783 $0 $97,395,029 N/M 1 N/M 1
Nordic Bear SCSp 2021 $500,000,000 $216,053,928 $0 $234,652,311 N/M 1 N/M 1
Oak Hill Capital Partners II, L.P. 2004 $75,000,000 $86,785,564 $136,149,686 $137,203,576 9.7% 1.6x
Oak Hill Capital Partners III, L.P. 2007 $300,000,000 $380,079,555 $596,147,333 $610,701,090 10.0% 1.6x
Oaktree Latigo Investment Fund, L.P. 2020 $1,000,000,000 $420,000,000 $0 $490,857,257 N/M 1 N/M 1
Oaktree Opportunities Fund VIIIb, L.P. 2011 $200,000,000 $200,000,000 $217,374,146 $289,052,089 6.7% 1.4x
OHA Black Bear Fund, L.P. 2020 $1,000,000,000 $260,000,000 $0 $364,372,300 N/M 1 N/M 1
Onex Partners IV, L.P. 2014 $300,000,000 $307,294,407 $210,157,455 $444,884,826 9.8% 1.4x
Onex Partners V-B LP 2018 $500,000,000 $347,420,794 $11,434,512 $404,950,484 14.9% 1 1.2x 1
PAG Asia I LP 2012 $100,000,000 $116,919,732 $196,478,180 $228,889,574 19.0% 2.0x
PAG Asia III LP 2019 $380,000,000 $211,233,233 $1,813,194 $217,681,466 3.3% 1 1.0x 1
Palladium Equity Partners III, L.P. 2004 $193,750,000 $254,491,298 $443,034,009 $444,394,055 15.6% 1.7x
Palladium Equity Partners V, L.P. 2018 $75,000,000 $48,864,293 $7,749,849 $58,048,133 9.7% 1 1.2x 1
Patria Brazilian Private Equity Fund V, L.P. 2015 $150,000,000 $132,347,857 $0 $259,412,069 29.0% 2.0x
Permira Europe III 2004 $126,989,866 $126,989,866 $219,162,733 $219,659,232 26.6% 1.7x
Permira Growth Opportunities I L.P. 1 2019 $200,000,000 $167,766,438 $52,662,033 $279,592,055 53.0% 1 1.7x 1
Permira IV L.P.2 2006 $282,519,709 $354,598,629 $492,791,364 $581,237,378 8.9% 1.6x
Permira V, L.P. 2014 $268,980,727 $269,631,620 $429,947,482 $854,756,095 25.9% 3.2x
Permira VI L.P. 1 2017 $500,310,816 $465,967,956 $146,166,571 $959,247,249 28.7% 1 2.1x 1
Permira VII L.P.1 2020 $637,008,236 $363,040,773 $0 $435,883,934 N/M 1 N/M 1
Polish Enterprise Fund VI, L.P. 2006 $139,107,285 $145,749,743 $219,459,691 $219,489,161 6.2% 1.5x
Providence Equity Partners V 2005 $125,000,000 $157,826,071 $184,249,143 $184,933,159 3.1% 1.2x
Providence Equity Partners VI L.P. 2007 $320,000,000 $504,835,587 $623,668,322 $652,079,626 5.5% 1.3x
Q-Street Capital, L.P. 2021 $150,000,000 $80,720,187 $0 $84,479,925 N/M 1 N/M 1
Redwood Opportunities SCSp 2020 $600,000,000 $119,831,668 $0 $154,373,282 N/M 1 N/M 1
Riverstone Global Energy and Power Fund V, L.P. 2012 $400,000,000 $522,001,665 $231,307,803 $396,704,318 -8.2% 0.8x
Riverstone Global Energy and Power Fund VI, L.P. 2016 $500,000,000 $628,074,979 $202,741,577 $579,222,894 -3.6% 0.9x
Riverstone/Carlyle Global Energy and Power Fund IV, L.P. 2008 $500,000,000 $592,146,166 $628,361,265 $639,209,031 2.1% 1.1x
Riverstone/Carlyle Renewable & Alternative Energy Fund II, L.P. 2008 $300,000,000 $331,197,329 $354,615,347 $360,633,854 1.9% 1.1x
Riverwood Capital Partners (Parallel - A) L.P. 2010 $150,000,000 $173,992,533 $306,445,012 $342,991,236 22.7% 2.0x
Sacramento Private Equity Partners, L.P. 2006 $605,000,000 $525,651,668 $879,042,154 $1,092,415,154 12.5% 2.1x
SAIF Partners III L.P. 2007 $100,000,000 $127,020,773 $121,871,329 $300,108,832 9.7% 2.4x
SAIF Partners IV L.P. 2010 $120,000,000 $150,056,026 $80,405,966 $262,994,978 8.3% 1.8x
Samson Partners, L.P. 2020 $238,801,883 $172,073,956 $0 $212,999,224 N/M 1 N/M 1
Sankaty Managed Account (CalPERS), L.P. 2014 $500,000,001 $500,000,002 $406,440,000 $614,360,393 7.1% 1.2x
Sierra Partners, L.P. 2020 $150,000,000 $34,848,887 $0 $53,236,639 N/M 1 N/M 1
Silver Lake Partners II, L.P. 2004 $125,000,000 $135,417,964 $237,661,847 $237,694,006 11.0% 1.8x
Silver Lake Partners III, L.P. 2007 $480,000,000 $612,489,219 $1,154,076,895 $1,186,265,811 18.6% 1.9x
Silver Lake Partners IV, L.P. 2013 $320,000,000 $371,768,210 $340,908,541 $993,371,659 28.5% 2.7x
Silver Lake Partners V, L.P. 2018 $400,000,000 $368,860,126 $73,567,228 $668,306,759 33.6% 1 1.8x 1
Silver Lake Partners VI, L.P. 2021 $800,000,000 $312,156,298 $1,091,638 $393,332,230 N/M 1 N/M 1
Silver Lake Technology Investors IV, LP 2013 $80,000,000 $85,925,402 $97,012,274 $287,756,938 36.7% 3.3x
Silver Lake Technology Investors V, L.P. 2018 $100,000,000 $87,317,786 $21,140,532 $186,602,550 37.0% 1 2.1x 1
Siris Partners III, L.P. 2015 $75,000,000 $84,315,152 $66,019,327 $123,846,758 14.7% 1.5x
Siris Partners IV, L.P. 2019 $100,000,000 $64,365,511 $11,515,548 $91,458,612 22.1% 1 1.4x 1
SL SPV-1, L.P. 2017 $38,675,166 $82,350,832 $3,431,626 $102,370,518 5.6% 1 1.2x 1
SL SPV-2, L.P. 2019 $28,417,191 $49,655,133 $6,163,552 $103,755,362 33.0% 1 2.1x 1
SPRINGBLUE A, L.P. 2021 $50,000,000 $6,750,000 $0 $8,146,402 N/M 1 N/M 1
SPRINGBLUE B, L.P. 2021 $50,000,000 $7,750,000 $0 $7,634,850 N/M 1 N/M 1
Summit Partners Growth Equity Fund X-A, L.P. 2020 $250,000,000 $148,375,193 $34,623,761 $201,484,100 N/M 1 N/M 1
Sunrise Boulevard PE Partners L.P. 2021 $500,000,000 $49,500,000 $0 $49,500,000 N/M 1 N/M 1
Tailwind Capital Partners (PP), LP 2007 $77,510,000 $97,319,946 $144,816,072 $145,416,166 11.3% 1.5x
Tailwind Capital Partners II, LP 2014 $150,000,000 $149,825,149 $93,600,569 $239,415,557 12.7% 1.6x
Tailwind Capital Partners III, L.P. 2018 $200,000,000 $140,719,175 $21,613,469 $181,216,393 20.5% 1 1.3x 1
TCC Opportunities, L.P. 2021 $500,000,000 $73,358,367 $0 $72,683,907 N/M 1 N/M 1
TCP II Co-Invest B, L.P. 2015 $50,000,000 $49,389,907 $26,162,650 $104,888,646 17.4% 2.1x
TCV X, L.P. 2019 $175,000,000 $123,349,444 $0 $333,015,676 80.5% 1 2.7x 1
TCV XI, L.P. 2021 $300,000,000 $90,482,909 $0 $86,731,563 N/M 1 N/M 1
The Central Valley Fund II SBIC, LP 2012 $12,000,000 $7,853,394 $6,772,394 $20,310,955 16.1% 2.6x
The Resolute Fund II, L.P. 2008 $200,000,000 $226,137,035 $327,414,234 $327,414,234 8.0% 1.4x
The Rise Fund (A), L.P. 2018 $75,000,000 $66,136,580 $12,830,979 $105,465,698 21.4% 1 1.6x 1
Thoma Bravo Fund XIV, L.P. 2021 $600,000,000 $377,173,816 $169 $380,996,589 N/M 1 N/M 1
Thomas H. Lee Equity Fund VI, L.P 2006 $240,000,000 $402,945,261 $556,136,401 $556,367,835 7.0% 1.4x
Top Castle Sidecar VII, L.P. 2020 $500,000,000 $48,782,218 $0 $69,340,451 N/M 1 N/M 1
TowerBrook Investors II, L.P. 2005 $200,000,000 $195,738,362 $326,079,210 $327,971,315 10.1% 1.7x
TowerBrook Investors III, L.P. 2008 $300,000,000 $328,306,858 $419,407,778 $420,972,141 8.4% 1.3x
TowerBrook Investors IV (Onshore), L.P. 2013 $380,000,000 $298,963,584 $154,365,824 $656,732,385 26.5% 2.2x
Towerbrook Investors V (Onshore) LP 2019 $400,000,000 $201,088,423 $9,227,925 $211,934,520 7.8% 1 1.1x 1
Towerbrook Structured Opportunities Fund (Onshore), L.P. 2016 $221,786,667 $275,184,541 $125,201,059 $365,572,015 14.1% 1.3x
Towerbrook Structured Opportunities Fund II (Onshore) LP 2019 $250,000,000 $75,907,398 $6,037,767 $76,651,382 1.9% 1 1.0x 1
TPG Asia V, L.P. 2007 $360,000,000 $350,599,460 $445,337,867 $501,849,093 6.5% 1.4x
TPG Asia VII (A), L.P. 2018 $300,000,000 $212,254,951 $24,383,993 $324,305,877 23.7% 1 1.5x 1
TPG Biotechnology Partners II, L.P. 2006 $70,000,000 $71,952,784 $86,727,052 $86,790,984 2.9% 1.2x
TPG Biotechnology Partners III, L.P. 2008 $100,000,000 $100,076,482 $156,956,851 $263,000,971 14.0% 2.6x
TPG Golden Bear Partners, L.P. 2019 $400,000,000 $325,050,964 $8,052,235 $427,938,692 28.4% 1 1.3x 1
TPG Growth IV, L.P. 2018 $75,000,000 $67,966,707 $20,070,549 $96,412,378 20.2% 1 1.4x 1
TPG Growth V, L.P. 2021 $200,000,000 $57,146,187 $1,137,768 $72,710,759 N/M 1 N/M 1
TPG Healthcare Partners, L.P. 2019 $100,000,000 $40,239,259 $8,137,121 $69,115,639 82.4% 1 1.7x 1
TPG Partners IV, L.P. 2003 $200,000,000 $225,811,661 $428,892,245 $429,201,652 15.3% 1.9x
TPG Partners V, L.P. 2006 $600,000,000 $811,329,685 $1,005,384,966 $1,006,957,393 3.7% 1.2x
TPG Partners VI, L.P. 2008 $825,000,000 $953,291,412 $1,340,761,618 $1,398,940,153 9.5% 1.5x
TPG Partners VIII, L.P. 2019 $500,000,000 $209,546,537 $13,860,298 $285,990,868 52.7% 1 1.4x 1
TPG STAR, L.P. 2007 $150,000,000 $171,879,025 $204,248,267 $220,969,699 6.5% 1.3x
Trident VI 2014 $250,000,000 $258,582,106 $285,011,125 $602,067,311 24.2% 2.3x
Trident VII, L.P. 2017 $270,000,000 $289,289,256 $69,021,311 $499,242,135 25.4% 1 1.7x 1
Trident VIII, L.P. 2020 $400,000,000 $304,137,830 $6,223,739 $387,824,944 N/M 1 N/M 1
Triton Fund IV L.P. 2013 $91,158,153 $104,842,767 $78,948,128 $141,864,866 10.3% 1.4x
Triton Fund V, LP 2019 $288,800,627 $139,833,620 $1,591,388 $169,823,145 18.2% 1 1.2x 1
Valor Equity Partners IV L.P. 2017 $75,000,000 $69,730,649 $1,162,955 $173,791,480 36.8% 1 2.5x 1
VantagePoint CleanTech Partners, L.P. 2006 $25,000,000 $25,000,000 $16,774,978 $17,108,769 -7.5% 0.7x
VantagePoint Venture Partners 2006 (Q), L.P. 2006 $100,000,000 $100,000,000 $15,107,769 $50,131,957 -7.0% 0.5x
Vicente Capital Partners Growth Equity Fund, L.P. 2007 $40,422,297 $40,801,085 $56,560,761 $56,986,726 5.7% 1.4x
VIP IV LP 2020 $319,183,914 $25,653,037 $0 $18,706,258 N/M 1 N/M 1
Vista Equity Partners Fund VII-Z, L.P. 2019 $400,000,000 $300,457,135 $3,055,595 $376,302,783 19.2% 1 1.3x 1
W Capital Partners II, L.P. 2007 $141,125,000 $140,777,821 $196,322,355 $196,545,945 10.3% 1.4x
WCAS XIII, L.P. 2019 $400,000,000 $280,649,629 $6,951,907 $351,919,606 22.5% 1 1.3x 1
Wellspring Capital Partners V, L.P. 2011 $150,000,000 $172,561,434 $236,814,434 $285,669,619 16.4% 1.7x
Welsh, Carson, Anderson & Stowe XI, L.P. 2009 $125,000,000 $125,000,000 $171,839,337 $208,474,369 11.7% 1.7x
Welsh, Carson, Anderson & Stowe XII, L.P. 2015 $350,000,000 $340,543,809 $376,120,172 $863,222,072 32.7% 2.5x
Whitney Global Partners L.P. 2021 $581,440,238 $73,937,297 $0 $72,661,499 N/M 1 N/M 1
Wigmore Street (BDC III) LP 2017 $32,803,146 $28,525,808 $11,394,923 $46,205,502 24.6% 1 1.6x 1
Wigmore Street Co-investment No. 1 LP 2016 $99,897,587 $93,458,316 $84,704,264 $196,530,156 26.9% 2.1x
Wigmore Street VI Co-Investment No. 1 LP 2019 $100,917,789 $61,147,674 $0 $78,979,341 19.0% 1 1.3x 1
WLR Recovery Fund II, L.P. 2002 $50,000,000 $50,000,000 $120,721,192 $120,826,648 78.8% 2.4x
WLR Recovery Fund III, L.P. 2005 $198,000,000 $198,000,000 $129,463,682 $132,620,715 -8.5% 0.7x
WLR Recovery Fund IV, L.P. 2007 $400,000,000 $363,747,718 $484,182,267 $489,873,147 7.4% 1.3x
Yucaipa American Alliance Fund I, L.P. 2002 $200,000,000 $314,764,188 $360,325,251 $361,752,073 3.6% 1.1x
Yucaipa American Alliance Fund II, L.P. 2008 $400,000,000 $560,638,831 $596,723,287 $938,046,956 8.6% 1.7x
Yucaipa Corporate Initiatives Fund I, L.P. 2001 $200,000,000 $288,655,697 $219,686,742 $226,097,209 -3.7% 0.8x
Yucaipa Corporate Initiatives Fund II, L.P. 2008 $93,539,524 $91,400,621 $54,390,220 $80,582,606 -1.7% 0.9x

1Not Meaningful: Funds with a vintage year of 2017 or later are in the initial stages of their investment life cycle. Any performance analysis done on these funds would not generate meaningful results as private equity funds are understood to be long-term investments.

2Partnership investment is using a cash adjusted market value.