As of December 31, 2024, the since inception Net IRR is 11.1% and the Net Multiple is 1.5x.

The table below reflects the performance of all active PE partnership investments as of December 31, 2024. 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.

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Fund Vintage Year Capital Committed Cash In Cash Out Cash Out & Remaining Value Net IRR Investment Multiple
Fund Vintage Year            
2SP I, L.P. 2024 $300,000,000 $126,521,860 $0 $122,270,163 N/M 1 N/M 1
57 Stars Global Opportunities Fund 2 (CalPERS), LLC 2009 $500,000,000 $527,452,503 $513,674,980 $770,790,888 6.2% 1.5x
57 Stars Global Opportunities Fund, LLC 2007 $430,000,000 $414,697,200 $557,770,250 $570,538,537 5.9% 1.4x
AACP AP Investors, L.P. 2007 $14,108,080 $14,957,430 $16,898,666 $16,965,087 2.1% 1.1x
AACP China Growth Investors 2007 $50,000,000 $52,040,183 $83,160,811 $84,110,160 7.9% 1.6x
AACP India Investors B 2007 $5,000,000 $5,283,795 $20,533,202 $21,937,761 13.0% 4.2x
AACP India Investors C 2009 $5,000,000 $5,315,535 $2,411,954 $7,774,376 4.4% 1.5x
AACP India Venture Investors A 2007 $5,000,000 $5,065,536 $5,653,594 $5,904,093 2.3% 1.2x
Acrew Capital Fund III, L.P. 2024 $70,000,000 $10,393,383 $0 $9,197,546 N/M 1 N/M 1
Acrew Diversify Capital Fund II, L.P. 2024 $50,000,000 $3,044,793 $0 $2,294,742 N/M 1 N/M 1
Advent Global Technology II Limited Partnership 2022 $150,000,000 $102,024,862 $0 $119,459,954 10.7% 1 1.2x 1
Advent International GPE IX Limited Partnership 2019 $550,000,000 $525,249,416 $146,051,902 $818,889,427 14.5% 1.6x
Advent International GPE V-D, L.P. 2005 $80,663,433 $77,609,736 $185,526,402 $187,389,346 42.7% 2.4x
Advent International GPE VI-A, L.P. 2008 $500,000,000 $502,306,204 $1,006,375,016 $1,044,213,676 16.4% 2.1x
Advent International GPE VII-C, L.P. 2012 $450,000,000 $432,732,784 $733,760,966 $780,086,236 13.2% 1.8x
Advent International GPE VIII-B Limited Partnership 2016 $500,000,000 $500,000,000 $611,608,489 $1,044,543,008 16.3% 2.1x
Advent International GPE X Limited Partnership 2022 $650,000,000 $336,443,790 $0 $391,624,156 13.2% 1 1.2x 1
AlpInvest Secondaries Fund (onshore) VII, L.P. 2021 $373,893,702 $353,756,493 $194,023,509 $486,078,555 16.8% 1 1.4x 1
Amberbrook IX LP 2023 $150,000,000 $71,198,125 $3,679,830 $103,915,240 66.2% 1 1.5x 1
American Industrial Partners Capital Fund VIII, L.P. 2024 $200,000,000 $100,545,300 $3,898,028 $102,984,746 N/M 1 N/M 1
AMZL, LP 2023 $600,000,000 $210,155,375 $0 $162,031,734 -26.9% 1 0.8x 1
Apollo European Principal Finance Fund, L.P. 2008 $92,690,208 $165,281,284 $200,770,615 $200,878,715 11.9% 1.2x
Apollo Investment Fund IV, L.P. 1998 $150,000,000 $154,085,315 $254,289,011 $254,330,577 8.5% 1.7x
Apollo Investment Fund IX, L.P 2019 $550,000,000 $531,115,985 $287,845,042 $826,484,564 18.0% 1.6x
Apollo Investment Fund V, L.P. 2001 $250,000,000 $388,164,138 $779,054,066 $779,054,066 37.5% 2.0x
Apollo Investment Fund VI, L.P. 2006 $520,000,000 $866,357,105 $1,218,417,644 $1,227,256,262 8.2% 1.4x
Apollo Investment Fund VIII, L.P. 2013 $350,000,000 $497,808,561 $621,414,810 $710,436,804 8.8% 1.4x
Apollo Investment Fund X, L.P. 2023 $225,000,000 $81,065,209 $14,009,522 $90,310,281 14.7% 1 1.1x 1
Apollo Special Opportunities Managed Account, L.P. 2007 $800,000,000 $800,000,000 $1,077,870,529 $1,098,605,482 3.8% 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 III, L.P. 2008 $400,000,000 $512,078,628 $1,059,418,691 $1,060,459,859 20.2% 2.1x
Ares Corporate Opportunities Fund V, L.P. 2017 $425,000,000 $476,499,040 $218,196,668 $616,099,897 6.3% 1.3x
Ares Corporate Opportunities Fund VI, L.P. 2021 $250,000,000 $284,224,168 $102,871,301 $387,461,942 16.6% 1 1.4x 1
Ares Corporate Opportunities Fund, L.P. 2003 $100,000,000 $135,868,685 $195,787,324 $195,787,324 12.8% 1.4x
Arlington Capital Partners VI, L.P. 2023 $300,000,000 $193,935,117 $10,190,333 $234,636,289 21.4% 1 1.2x 1
Arsenal Capital Partners Growth LP 2022 $50,000,000 $21,660,662 $32,924 $14,096,063 -29.2% 1 0.7x 1
Arsenal Capital Partners VI LP 2022 $150,000,000 $68,338,667 $1,230,042 $51,233,482 -17.0% 1 0.7x 1
ASF VIII B L.P. 2020 $300,000,000 $239,832,449 $73,768,693 $333,224,485 15.5% 1 1.4x 1
Asia Alternatives Capital Partners II LP 2008 $48,933,451 $50,412,709 $124,016,428 $127,125,125 16.7% 2.5x
Asia Alternatives Capital Partners, LP 2007 $50,000,000 $53,499,274 $94,358,989 $97,485,660 11.1% 1.8x
B Capital Ascent Fund III, L.P. 2024 $94,151,346 $5,404,269 $0 $8,524,789 N/M 1 N/M 1
B Capital Global Growth III, L.P. 2023 $67,500,000 $46,258,471 $2,251,204 $52,055,639 13.9% 1 1.1x 1
B Capital Opportunities Fund II, L.P. 2024 $240,000,000 $18,661,943 $0 $28,510,440 N/M 1 N/M 1
Bain Capital Asia Fund V, L.P. 2023 $300,000,000 $77,640,237 $8,214,014 $97,932,176 47.6% 1 1.3x 1
Bain Capital Europe Fund VI, SCSp 2023 $156,377,475 $33,282,413 $0 $37,307,164 15.1% 1 1.1x 1
Bain Capital Insurance Fund, L.P. 2023 $125,000,000 $50,561,804 $8,192,494 $83,163,494 105.8% 1 1.6x 1
Bain Capital Life Sciences Fund IV, L.P. 2024 $100,000,000 $5,000,000 $0 $1,728,996 N/M 1 N/M 1
Bain Capital Tech Opportunities Fund II, L.P. 2023 $150,000,000 $69,152,091 $0 $79,341,160 10.3% 1 1.1x 1
Bain Capital Venture Coinvestment Fund IV, L.P. 2023 $150,000,000 $32,625,000 $0 $37,559,347 20.8% 1 1.2x 1
Bain Capital Venture Fund 2022, L.P. 2023 $150,000,000 $54,385,572 $0 $69,641,481 29.5% 1 1.3x 1
Balderton Capital Growth II, S.L.P. 2024 $63,000,000 $15,672,233 $0 $15,154,361 N/M 1 N/M 1
Balderton Capital IX, S.L.P. 2024 $56,000,000 $10,769,727 $0 $9,726,383 N/M 1 N/M 1
Baring Vostok Private Equity Fund IV L.P. / Supplemental 2007 $77,775,000 $91,865,849 $99,394,006 $100,045,489 1.6% 1.1x
Base10 Partners III, L.P. 2022 $50,000,000 $25,750,000 $0 $25,240,378 -1.3% 1 1.0x 1
Base10 Series B I, L.P. 2023 $50,000,000 $21,000,000 $0 $19,537,967 -7.8% 1 0.9x 1
Bay State Partners, L.P. 2022 $157,955,774 $146,395,291 $0 $176,611,408 13.6% 1 1.2x 1
BC CLP INVESTORS, L.P. 2023 $1,700,000,000 $989,225,489 $5,290,955 $1,141,736,200 25.9% 1 1.2x 1
BDC III C LP 2017 $130,543,434 $120,201,932 $297,171,348 $406,140,847 38.3% 3.4x
BDC IV D LP 2021 $201,065,236 $164,515,998 $0 $179,906,372 5.6% 1 1.1x 1
BE VI 'H' L.P. 2019 $391,206,828 $376,217,628 $128,765,859 $606,465,080 15.0% 1.6x
Bear Coast (CV) Fund, LP 2023 $300,000,000 $191,000,000 $0 $240,121,804 19.7% 1 1.3x 1
Bear Coast (Ventures) Fund, LP 2023 $550,000,000 $534,946,885 $0 $610,809,760 26.6% 1 1.1x 1
Bear Technology Fund, L.P. 2021 $100,000,000 $95,495,070 $0 $80,748,665 -7.0% 1 0.8x 1
Berkshire Fund X, L.P. 2021 $305,107,189 $396,185,515 $166,670,688 $430,886,622 6.2% 1 1.1x 1
Bessemer Venture Partners XII Institutional L.P. 2024 $115,000,000 $21,054,195 $0 $19,499,411 N/M 1 N/M 1
Biogeneration Capital Fund V Cooperatief U.A. 2023 $20,898,215 $4,586,127 $0 $4,267,279 -9.1% 1 0.9x 1
Birch Hill Equity Partners (US) III, LP 2005 $126,823,819 $142,696,482 $271,382,079 $271,382,079 12.1% 1.9x
Birch Hill Equity Partners (US) IV, LP 2011 $136,522,101 $132,114,065 $290,921,619 $354,829,283 15.7% 2.7x
BjorkTree AB 2024 $103,788,565 $20,997,752 $0 $20,685,663 N/M 1 N/M 1
Blackstone Capital Partners V L.P. 2006 $38,400,000 $794,822,847 $1,222,737,110 $1,222,737,110 7.8% 1.5x
Blackstone Capital Partners VI L.P. 2011 $375,000,000 $544,078,975 $885,607,084 $977,461,827 12.4% 1.8x
Blackstone Capital Partners VII, L.P. 2016 $375,000,000 $533,720,377 $615,252,009 $937,596,393 15.7% 1.8x
Blackstone Capital Partners VIII, L.P. 2021 $262,500,000 $410,173,194 $264,690,789 $506,195,791 14.3% 1 1.2x 1
Blackstone Communications Partners I L.P. 2000 $100,000,000 $111,242,017 $136,083,476 $136,116,910 6.5% 1.2x
Blackstone Core Equity Partners II, L.P. 2021 $1,000,000,000 $452,202,883 $56,265,908 $591,049,961 13.5% 1 1.3x 1
Blackstone Tactical Opportunities Fund - C L.P. 2012 $800,000,000 $993,602,902 $1,285,748,106 $1,351,022,334 9.4% 1.4x
Blackstone Tactical Opportunities Fund II - C L.P. 2015 $500,000,000 $496,869,237 $655,270,749 $749,553,192 12.9% 1.5x
Blackstone Tactical Opportunities Fund III-C (Surge) L.P. 2019 $500,000,000 $489,151,442 $179,773,445 $692,465,461 13.7% 1.4x
Blackstone Tactical Opportunities Fund III-C L.P. 2018 $175,000,000 $359,048,916 $304,812,560 $466,936,456 11.7% 1.3x
Blackwell Capital Partners, LP 2023 $1,620,093,396 $828,401,876 $0 $885,373,869 10.9% 1 1.1x 1
BOND III, LP 2022 $75,000,000 $32,325,000 $0 $29,596,173 -11.0% 1 0.9x 1
Bridgepoint Europe III 'C' L.P. 2015 $24,817,700 $16,760,648 $18,955,256 $19,870,492 4.1% 1.2x
Bridgepoint Europe III 'D' LP 2005 $194,205,124 $191,932,333 $228,563,948 $234,011,443 2.4% 1.2x
Bridgepoint Europe IV 'B' L.P. 2015 $79,520,725 $67,960,669 $83,692,708 $94,200,422 11.9% 1.4x
Bridgepoint Europe IV 'D' LP 2008 $387,994,808 $391,605,384 $564,246,339 $604,141,229 9.3% 1.5x
Bridgepoint Europe VII D LP 2024 $95,916,842 $45,387,953 $0 $43,998,788 N/M 1 N/M 1
BRV Lotus Fund III, L.P. 2022 $100,000,000 $101,419,619 $6,539,874 $115,095,370 5.5% 1 1.1x 1
Butterfly II, LP 2022 $125,000,000 $84,475,183 $27,021,240 $103,381,552 12.9% 1 1.2x 1
BVP Forge Institutional L.P. 2023 $35,000,000 $17,810,745 $0 $20,291,694 12.4% 1 1.1x 1
CA Co-Investment Limited Partnership 2022 $1,950,000,000 $971,769,590 $0 $1,140,845,676 13.8% 1 1.2x 1
CA1 SPV, L.P. 2023 $1,200,000,000 $896,584,367 $0 $1,063,575,664 37.0% 1 1.2x 1
California Asia Investors, L.P. 2008 $150,000,000 $149,569,328 $625,728,123 $635,848,808 26.5% 4.3x
California Community Venture Fund, LLC 2003 $100,000,000 $100,067,655 $88,478,382 $91,374,894 -1.5% 0.9x
California Emerging Ventures IV, LLC 2006 $463,086,766 $489,221,228 $866,972,993 $915,633,768 11.8% 1.9x
California Partners, L.P. 2020 $850,000,000 $489,495,730 $27,218,275 $672,874,572 14.8% 1 1.4x 1
CalPERS Clean Energy & Technology Fund, LLC 2007 $465,000,000 $468,423,814 $132,249,749 $138,090,887 -18.8% 0.3x
CalPERS Corporate Partners, LLC 2001 $500,000,000 $533,507,990 $831,997,162 $831,997,403 9.3% 1.6x
CalPERS Wellspring V, L.P. 2011 $24,975,000 $27,004,887 $47,927,588 $54,703,925 21.7% 2.0x
Canaan Gold Coast L.P. 2023 $235,000,000 $44,500,000 $0 $44,056,461 -1.1% 1 1.0x 1
Canaan XIII Healthcare Fund L.P. 2024 $37,083,465 $1,483,339 $0 $983,741 N/M 1 N/M 1
Canaan XIII L.P. 2024 $205,000,000 $19,200,000 $200,000 $17,645,855 N/M 1 N/M 1
Capital Link Fund I, LLC 2007 $502,300,000 $600,774,708 $864,156,032 $901,564,911 7.6% 1.5x
Capital Link Fund II, LLC 2008 $435,600,000 $472,588,586 $784,279,799 $796,036,473 11.9% 1.7x
CapVest Equity Partners V SCSp 2023 $313,260,594 $69,103,332 $0 $97,758,645 60.3% 1 1.4x 1
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 Partners III, L.P. 2008 $150,000,000 $371,700,862 $584,513,151 $584,513,151 12.0% 1.6x
Carlyle Asia Partners V, L.P. 2018 $125,000,000 $212,955,647 $175,902,981 $287,557,351 17.3% 1.4x
Carlyle Europe Partners II, L.P. 2003 $48,149,754 $93,186,079 $148,851,853 $149,082,071 19.7% 1.6x
Carlyle Europe Partners III, L.P. 2007 $266,285,013 $460,698,733 $742,254,678 $743,037,736 11.1% 1.6x
Carlyle Europe Partners V, S.C.Sp. 2019 $178,296,685 $283,976,544 $199,194,575 $318,455,950 5.5% 1.1x
Carlyle Partners V, L.P. 2007 $800,000,000 $1,067,512,609 $1,725,518,669 $1,752,106,446 12.8% 1.6x
Carlyle Partners VI, L.P. 2013 $300,850,000 $597,079,518 $1,116,127,089 $1,182,907,615 15.9% 2.0x
Carlyle Partners VII, L.P. 2018 $300,000,000 $604,692,314 $537,219,817 $880,789,680 13.4% 1.5x
Carlyle Partners VIII, L.P. 2022 $177,206,640 $220,568,032 $149,279,988 $259,787,136 12.2% 1 1.2x 1
Carlyle Strategic Partners IV, L.P. 2016 $150,000,000 $210,155,234 $112,348,824 $234,246,596 4.6% 1.1x
Carlyle U.S. Equity Opportunities II, L.P. 2015 $200,000,000 $222,356,578 $311,741,225 $406,087,630 15.5% 1.8x
CDH Fund V, L.P. 2014 $200,000,000 $229,737,779 $271,841,606 $334,237,583 8.0% 1.5x
Cedar Street Partners LP 2021 $1,000,000,000 $290,576,015 $11,376,450 $581,475,195 40.3% 1 2.0x 1
Centerbridge Capital Partners III, L.P. 2015 $150,000,000 $201,784,363 $221,618,330 $333,691,904 14.8% 1.7x
Cerberus CAL II Partners, L.P. 2017 $500,000,000 $423,762,376 $644,747,968 $1,040,501,590 21.0% 2.5x
Cerberus CAL III Partners, L.P. 2019 $500,000,000 $474,258,458 $15,408,997 $389,178,569 -5.8% 0.8x
Cerberus CP Partners LP 2013 $600,000,000 $674,624,184 $1,088,031,998 $1,517,216,531 16.8% 2.2x
Cerberus Institutional Partners V, L.P. 2012 $400,000,000 $479,288,769 $767,521,291 $919,355,061 13.7% 1.9x
Cerberus Supply Chain Fund, L.P. 2023 $200,000,000 $50,373,455 $-1,007,842 $73,635,578 104.7% 1 1.5x 1
China Privatization Fund (Del), L.P. 2006 $100,000,000 $69,317,995 $133,415,962 $133,415,962 13.7% 1.9x
Clayton, Dubilier & Rice Fund X, L.P. 2018 $150,000,000 $161,392,046 $243,447,658 $384,463,399 31.9% 2.4x
Clayton, Dubilier & Rice Fund XI, L.P. 2021 $142,271,997 $425,709,779 $331,034,663 $462,985,881 3.6% 1 1.1x 1
Clayton, Dubilier & Rice Fund XII, L.P. 2024 $500,000,000 $143,587,746 $11,936,024 $187,998,664 N/M 1 N/M 1
Clearlake Capital Partners III, LP 2012 $50,000,000 $70,596,517 $201,138,284 $203,703,316 40.7% 2.9x
Clearlake Capital Partners IV, L.P. 2015 $56,700,000 $88,509,876 $144,619,854 $184,183,240 28.2% 2.1x
Clearlake Capital Partners V, L.P. 2018 $75,000,000 $112,539,514 $155,387,066 $235,493,818 35.5% 2.1x
Clearlake Capital Partners VII, L.P. 2022 $350,000,000 $233,170,908 $941,316 $260,636,674 5.7% 1 1.1x 1
Clearlake Opportunities Partners (P), L.P. 2015 $56,700,000 $81,576,634 $55,934,072 $108,160,457 8.2% 1.3x
Clearwater Capital Partners Fund III, L.P. 2006 $150,000,000 $150,000,000 $155,531,855 $167,492,693 1.6% 1.1x
Coalesce Capital Fund I, L.P. 2024 $150,000,000 $10,213,051 $0 $6,526,188 N/M 1 N/M 1
Coastal Pacific Partners, L.P. 2023 $136,249,880 $90,259,743 $0 $95,421,028 13.9% 1 1.1x 1
Cobalt Investment Fund, L.P. 2024 $100,000,000 $278,860 $0 $278,860 N/M 1 N/M 1
Coefficient Capital Apex Fund I, LP 2023 $83,726,563 $27,309,416 $0 $22,705,407 -18.7% 1 0.8x 1
Coefficient Capital Fund II, LP 2024 $62,671,875 $834,470 $0 $247,284 N/M 1 N/M 1
Coller International Partners V-A, L.P. 2006 $375,000,000 $322,288,690 $443,093,433 $443,093,433 7.5% 1.4x
Crosspoint Capital Fund II, LP 2023 $300,000,000 $186,942,734 $416,541 $200,694,919 4.7% 1 1.1x 1
CV Consortio Fund L.P. 2023 $750,000,000 $630,168,469 $0 $1,181,769,057 73.6% 1 1.9x 1
CVC Capital Partners Asia V L.P. 2020 $200,000,000 $193,109,758 $4,250,977 $252,883,289 12.5% 1 1.3x 1
CVC Capital Partners Asia VI (A) L.P. 2024 $300,000,000 $44,715,089 $3,183,675 $42,255,095 N/M 1 N/M 1
CVC Capital Partners IX (A) L.P. 2024 $487,797,072 $78,138,838 $0 $73,737,844 N/M 1 N/M 1
CVC Capital Partners Strategic Opportunities Compounding Capital L.P. 2017 $1,005,025,132 $1,069,448,175 $595,774,599 $1,894,844,903 11.4% 1.8x
CVC Capital Partners VI, L.P. 2014 $580,662,749 $682,342,459 $926,695,556 $1,348,914,442 15.8% 2.0x
CVC Capital Partners VII (A) L.P. 2018 $457,369,674 $585,098,356 $587,359,436 $1,112,738,437 19.2% 1.9x
CVC Capital Partners VIII (A) L.P. 2021 $503,857,212 $765,698,037 $331,674,236 $843,249,607 5.5% 1 1.1x 1
CVC European Equity Partners III LP 2001 $200,000,000 $234,497,567 $595,574,634 $608,904,117 41.0% 2.6x
CVC European Equity Partners IV (D) L.P. 2005 $335,193,763 $406,865,452 $726,781,649 $727,152,143 17.2% 1.8x
CVC European Equity Partners V (B) L.P. 2008 $578,553,596 $710,667,384 $1,290,077,106 $1,301,928,265 16.4% 1.8x
Dragoneer Opportunities Fund VI, L.P. 2022 $0 $26,477,208 $24,733,721 $24,733,721 -5.1% 1 0.9x 1
DS Opportunities (C) LP 2021 $475,100,813 $177,610,687 $0 $342,061,092 32.7% 1 1.9x 1
EII-C SPV, LP 2024 $75,000,000 $45,248,345 $0 $53,782,385 N/M 1 N/M 1
EMAlternatives Investments, L.P. 2007 $100,000,000 $117,351,233 $127,720,593 $139,665,296 3.3% 1.2x
Ember Infrastructure Fund II-B, LP 2024 $100,000,000 $35,154,864 $578,587 $37,182,221 N/M 1 N/M 1
EQT IX (No.2) USD SCSp 2021 $655,495,509 $821,365,120 $247,751,535 $992,830,295 7.3% 1 1.2x 1
EQT X (No.2) USD SCSp 2022 $500,000,000 $90,554,784 $11,648,082 $82,446,134 -7.8% 1 0.9x 1
Equip Opportunities Fund, L.P. 2023 $140,000,000 $35,876,443 $0 $35,693,355 -0.7% 1 1.0x 1
First Reserve Fund XI, L.P. 2006 $500,000,000 $570,151,741 $390,767,883 $390,767,883 -9.5% 0.7x
First Reserve Fund XIII, LP 2014 $400,000,000 $480,166,662 $276,366,503 $448,792,951 -1.7% 0.9x
Forbion BioEconomy Fund I Coperatief U.A. 2024 $36,461,881 $4,505,583 $0 $3,797,709 N/M 1 N/M 1
Forbion Growth Opportunities Fund II Cooperatief U.A. 2023 $16,458,913 $9,399,185 $9,517,541 $16,403,961 957.9% 1 1.7x 1
Forbion Growth Opportunities Fund III Coperatief U.A. 2024 $373,366,925 $20,560,291 $0 $18,270,724 N/M 1 N/M 1
Forbion Ventures Fund VI Cooperatief U.A. 2023 $168,129,695 $53,414,350 $22,280,690 $77,437,344 73.7% 1 1.4x 1
Forbion Ventures Fund VII Coperatief U.A. 2024 $248,866,876 $14,823,506 $0 $13,347,654 N/M 1 N/M 1
ForCal I Investment Fund C.V. 2023 $316,243,875 $156,642,177 $0 $211,797,445 57.9% 1 1.4x 1
Forecastle, L.P. 2020 $750,000,000 $661,880,362 $6,766,384 $946,459,474 17.3% 1 1.4x 1
Fourth Street Partners - CPS L.P. 2021 $500,000,000 $450,365,526 $72,974,016 $674,780,265 14.6% 1 1.5x 1
Francisco Partners Agility II, L.P. 2020 $50,000,000 $40,150,000 $5,125,000 $74,316,643 26.2% 1 1.9x 1
Francisco Partners II, L.P. 2006 $175,000,000 $174,005,517 $286,882,216 $287,617,495 10.4% 1.7x
Francisco Partners III, L.P. 2011 $100,000,000 $95,284,663 $285,181,776 $324,645,254 23.0% 3.4x
Francisco Partners VI, L.P. 2021 $250,000,000 $241,000,000 $30,632,255 $341,604,725 15.3% 1 1.4x 1
Francisco Partners VII, L.P. 2023 $450,000,000 $76,275,000 $0 $80,158,523 16.7% 1 1.1x 1
FSP LR, L.P. 2024 $10,000,000 $311,850 $0 $35,263 N/M 1 N/M 1
Gaia Investments, S.L.P. 2024 $60,000,000 $15,148,761 $0 $14,785,497 N/M 1 N/M 1
GC Customer Value Fund II, L.P. 2023 $280,494,000 $144,359,702 $232,327 $165,823,968 14.7% 1 1.1x 1
GCM Grosvenor DEM II, L.P. 2014 $250,000,000 $266,896,433 $258,379,335 $456,231,136 14.9% 1.7x
GCM Grosvenor DEM III, L.P. 2019 $550,000,000 $513,939,259 $176,471,821 $832,076,100 21.1% 1.6x
GCM Grosvenor DEM, L.P. 2012 $100,000,000 $116,161,027 $128,085,081 $160,865,343 8.9% 1.4x
GCM Grosvenor Elevate Fund, L.P. 2023 $500,000,000 $71,020,991 $133,272 $61,448,500 -28.5% 1 0.9x 1
General Atlantic Managed Account 2020 $1,050,000,000 $845,291,309 $55,255,674 $1,004,952,398 6.8% 1 1.2x 1
General Catalyst Group XI - Health Assurance, L.P. 2023 $200,000,000 $149,527,703 $0 $173,910,009 15.0% 1 1.2x 1
General Catalyst Group XII - Creation, L.P. 2024 $200,000,000 $87,421,902 $0 $115,158,853 N/M 1 N/M 1
General Catalyst Group XII - Endurance, L.P. 2024 $293,500,000 $86,149,809 $33,867 $84,467,953 N/M 1 N/M 1
General Catalyst Group XII - Health Assurance, L.P. 2024 $100,000,000 $23,172,704 $4,358 $20,519,521 N/M 1 N/M 1
General Catalyst Group XII - Ignition, L.P. 2024 $200,000,000 $59,130,497 $148,420 $58,441,399 N/M 1 N/M 1
Genstar Capital Partners X, L.P. 2021 $100,000,000 $98,450,814 $3,520,748 $108,043,006 4.9% 1 1.1x 1
Genstar Capital Partners XI, L.P. 2023 $200,000,000 $16,553,575 $737,081 $18,714,283 65.5% 1 1.1x 1
Genstar X Opportunities Fund I, L.P. 2021 $150,000,000 $133,238,272 $5,333,783 $158,388,954 8.4% 1 1.2x 1
Genstar XI Opportunities Fund I, L.P. 2023 $200,000,000 $61,387,589 $0 $69,711,213 15.8% 1 1.1x 1
GI Data Infrastructure Fund II LP 2024 $150,000,000 $37,578,441 $0 $38,513,306 N/M 1 N/M 1
GIM LTE Hazel L.P. 2024 $215,000,000 $203,850,000 $0 $242,862,049 N/M 1 N/M 1
Gold Hills Partners, L.P. 2024 $400,000,000 $230,000,333 $6,191,735 $261,974,957 N/M 1 N/M 1
Gorseway Park PE, L.P. 2024 $225,000,000 $150,749,692 $0 $149,505,670 N/M 1 N/M 1
Grain Communications Opportunity Fund IV-A, L.P. 2023 $200,000,000 $70,714,154 $201,244 $64,123,488 -16.0% 1 0.9x 1
Grandval II, L.P. 2019 $1,050,000,000 $797,018,804 $122,726,310 $1,255,808,743 15.5% 1.6x
Grandval, L.P. 2018 $50,000,000 $49,824,644 $15,027,711 $96,459,103 19.2% 1.9x
GranTain Co-Invest L.P. 2021 $350,000,000 $138,022,462 $8,960,614 $163,849,131 7.1% 1 1.2x 1
GreatPoint Opportunity Fund I, L.P. 2024 $100,000,000 $85,141,851 $0 $84,512,140 N/M 1 N/M 1
Green Equity Investors CF II, L.P. 2021 $60,537,375 $60,708,143 $0 $97,579,104 17.0% 1 1.6x 1
Green Equity Investors CF, L.P. 2021 $186,639,450 $183,055,172 $111,018,855 $244,374,357 13.4% 1 1.3x 1
Green Equity Investors IX, L.P. 2023 $500,000,000 $189,569,580 $7,028,796 $218,204,161 25.6% 1 1.2x 1
Green Equity Investors V, L.P. 2007 $400,000,000 $445,789,540 $1,023,767,776 $1,024,475,591 18.4% 2.3x
Green Equity Investors VIII, L.P. 2020 $376,206,440 $567,758,597 $297,158,608 $780,117,842 10.7% 1 1.4x 1
Greenbriar Equity Fund VI, L.P. 2023 $95,000,000 $33,719,030 $6,521 $36,950,532 9.7% 1 1.1x 1
Greenleaf Co-Invest Partners, L.P. 2021 $975,000,000 $472,796,623 $8,725,142 $783,658,107 18.0% 1 1.7x 1
GSC I, L.P. 2024 $400,000,000 $311,182,437 $0 $318,347,265 N/M 1 N/M 1
GSO Energy Partners-C II LP 2016 $250,000,000 $231,432,123 $287,165,680 $300,114,401 8.1% 1.3x
GSO Energy Partners-C LP 2013 $400,000,000 $476,997,000 $395,633,155 $417,398,344 -3.2% 0.9x
H.I.G. Europe Middle Market LBO Fund, L.P. 2021 $105,903,748 $69,115,036 $24,502,837 $88,117,440 19.0% 1 1.3x 1
Healthcare and Fintech, L.P. 2022 $200,000,000 $133,858,642 $0 $222,680,281 49.2% 1 1.7x 1
Hedosophia Partners VI L.P. 2024 $60,000,000 $29,999,996 $0 $27,600,174 N/M 1 N/M 1
Hedosophia Strategic Partners L.P. 2024 $14,134,615 $5,306,369 $0 $4,872,910 N/M 1 N/M 1
Hellman & Friedman Capital Partners IX, L.P. 2020 $578,721,883 $705,499,081 $212,029,006 $1,084,137,954 12.7% 1 1.5x 1
Hellman & Friedman Capital Partners VII 2011 $300,000,000 $286,896,670 $945,792,700 $970,532,904 24.6% 3.4x
Hellman & Friedman Capital Partners VIII, L.P. 2016 $500,000,000 $517,852,361 $335,736,101 $909,609,491 11.5% 1.8x
Hellman & Friedman Capital Partners X, L.P. 2021 $940,007,767 $853,071,498 $146,266,535 $977,543,018 6.1% 1 1.1x 1
Hg Genesis 10 A L.P. 2023 $130,529,809 $27,551,330 $0 $32,365,774 13.0% 1 1.2x 1
Hg Mercury 4 A L.P. 2023 $52,113,513 $10,174,336 $0 $11,232,715 24.6% 1 1.1x 1
Hg Saturn 3 A L.P. 2023 $150,000,000 $81,577,052 $0 $93,016,185 13.3% 1 1.1x 1
HongShan Capital Expansion Fund I, L.P. 2024 $134,000,000 $14,740,000 $0 $14,166,317 N/M 1 N/M 1
HongShan Capital Growth Fund VII, L.P. 2023 $104,000,000 $20,315,105 $0 $16,314,012 -24.5% 1 0.8x 1
HongShan Capital Seed Fund III, L.P. 2022 $12,000,000 $4,804,613 $0 $4,248,046 -10.2% 1 0.9x 1
HongShan Capital Venture Fund IX, L.P. 2022 $32,000,000 $9,143,674 $0 $7,819,850 -13.8% 1 0.9x 1
Hornet Co-Invest, L.P. 2024 $800,000,000 $389,421,350 $0 $508,718,230 N/M 1 N/M 1
Innovation Opportunities, L.P. 2023 $1,626,038,184 $790,847,889 $0 $975,542,963 40.7% 1 1.2x 1
Insight Partners XI, L.P. 2020 $400,000,000 $389,200,000 $3,548,951 $615,824,961 12.3% 1 1.6x 1
Insight Partners XII Buyout Annex Fund, L.P. 2021 $150,000,000 $135,480,208 $0 $172,518,174 10.5% 1 1.3x 1
Insight Partners XII, L.P. 2021 $600,000,000 $521,729,570 $663,047 $529,816,274 0.6% 1 1.0x 1
Insight Partners XIII Growth Buyout Fund, L.P. 2024 $100,000,000 $6,850,000 $0 $7,657,098 N/M 1 N/M 1
Insight Partners XIII, L.P. 2024 $300,000,000 $7,500,000 $0 $7,854,210 N/M 1 N/M 1
Insight Venture Partners Growth-Buyout Coinvestment Fund (B), L.P. 2015 $400,000,000 $433,400,000 $830,834,834 $1,515,827,987 26.4% 3.5x
Insight Venture Partners IX, L.P. 2015 $100,000,000 $105,668,637 $219,849,362 $408,784,041 23.5% 3.9x
Insight Venture Partners X, L.P. 2018 $250,000,000 $261,808,718 $238,829,253 $729,195,883 23.6% 2.8x
Jade Equity Investors II, L.P. 2024 $150,000,000 $37,547,266 $0 $43,430,480 N/M 1 N/M 1
Jade Equity Investors, L.P. 2020 $155,000,000 $160,469,431 $28,519,571 $243,987,241 21.1% 1 1.5x 1
JSC Capital Partners, L.P. 2024 $404,823,051 $406,711,917 $0 $405,222,822 N/M 1 N/M 1
K5 Private Investors, L.P. 2021 $150,000,000 $107,384,157 $5,985,446 $143,221,551 13.5% 1 1.3x 1
Khosla Ventures III, L.P. 2009 $200,000,000 $200,000,000 $362,846,119 $372,052,341 9.8% 1.9x
Khosla Ventures Seed, L.P. 2009 $60,000,000 $60,000,000 $12,484,329 $87,785,751 3.3% 1.5x
KKR 2006 Fund L.P. 2006 $400,000,000 $595,407,506 $940,703,667 $940,703,667 8.2% 1.6x
KKR Asian Fund II L.P. 2013 $350,000,000 $651,416,086 $607,956,958 $706,638,608 2.2% 1.1x
KKR Asian Fund IV SCSp 2021 $300,000,000 $171,474,986 $24,466,848 $233,298,540 14.7% 1 1.4x 1
KKR Asian Fund L.P. 2007 $272,575,591 $355,648,095 $601,148,863 $601,225,359 13.6% 1.7x
KKR European Fund II, L.P. 2005 $203,936,273 $236,198,253 $295,151,012 $295,151,012 3.9% 1.2x
KKR European Fund III, L.P. 2008 $320,235,693 $420,900,950 $590,797,902 $593,935,646 9.5% 1.4x
KKR European Fund V (USD) SCSp 2020 $300,000,000 $286,293,021 $115,742,834 $389,824,237 10.3% 1 1.4x 1
KKR North America Fund XIII SCSp 2022 $600,000,000 $422,264,588 $11,312,159 $498,289,081 10.7% 1 1.2x 1
KM Corporate Partners Fund II, LP 2007 $200,000,000 $195,212,804 $238,176,799 $248,112,613 4.5% 1.3x
KOALA PACIFIC PARTNERSHIP, L.P. 2024 $200,000,000 $50,475,637 $0 $66,848,936 N/M 1 N/M 1
Lightspeed Opportunity Fund II, LP 2022 $200,000,000 $188,000,000 $0 $215,319,539 11.7% 1 1.1x 1
Lightspeed Venture Partners Select V, L.P. 2022 $100,000,000 $84,000,000 $0 $86,119,118 1.8% 1 1.0x 1
Lightspeed Venture Partners XIV-A (Inception), L.P. 2022 $45,000,000 $34,650,000 $0 $40,642,266 9.9% 1 1.2x 1
Lightspeed Venture Partners XIV-B (Ignite), L.P. 2022 $55,000,000 $40,150,000 $0 $58,352,125 27.4% 1 1.5x 1
Lime Rock Partners IV, LP 2006 $43,000,000 $47,917,078 $139,501,029 $139,596,210 14.6% 2.9x
Lincoln Plaza Fund, L.P. 2024 $2,000,000,000 $622,824,457 $556,357 $727,258,823 N/M 1 N/M 1
Lindsay Goldberg IV, L.P. 2015 $136,920,941 $220,269,212 $391,854,121 $441,957,160 29.1% 2.0x
Lindsay Goldberg V L.P. 2020 $0 $213,442,666 $285,111,568 $285,111,568 15.7% 1 1.3x 1
LongRange Capital Fund I, L.P. 2020 $1,500,000,000 $760,518,192 $135,980,032 $965,253,895 11.6% 1 1.3x 1
LS Investments C, L.P. 2024 $250,000,000 $218,750,000 $0 $217,361,188 N/M 1 N/M 1
Lux Ventures VIII, L.P. 2023 $300,000,000 $99,000,000 $0 $143,302,848 73.9% 1 1.4x 1
Madison Dearborn Capital Partners V, L.P. 2006 $300,000,000 $351,612,894 $544,926,216 $544,926,216 7.5% 1.5x
Madison Dearborn Capital Partners VIII, LP 2020 $0 $401,582,255 $479,004,878 $479,004,878 8.9% 1 1.2x 1
Magnolia Opportunities LLC 2023 $100,000,000 $23,099,500 $16,120,000 $22,761,318 -6.4% 1 1.0x 1
Mayfield XVII, a Delaware Limited Partnership 2024 $21,000,000 $1,890,000 $0 $2,110,908 N/M 1 N/M 1
MBK Partners Fund VI, L.P. 2024 $250,000,000 $41,679,527 $0 $49,771,700 N/M 1 N/M 1
Middlefield Road Private Opportunities Fund, L.P. 2021 $800,000,000 $231,378,144 $0 $249,223,918 4.3% 1 1.1x 1
Moreton Bay SPV, LP 2023 $1,350,000,000 $1,154,384,038 $0 $1,347,432,322 12.0% 1 1.2x 1
Muir Woods Partners, L.P. 2023 $250,000,000 $129,678,226 $0 $185,171,242 41.6% 1 1.4x 1
New Mountain CAS Continuation Fund, L.P. 2021 $90,723,142 $91,001,432 $24,840,552 $93,542,246 1.3% 1 1.0x 1
New Mountain Partners III, L.P. 2007 $400,000,000 $470,815,270 $1,054,284,551 $1,069,919,064 14.6% 2.3x
New Mountain Partners VI, L.P. 2021 $289,700,324 $577,701,825 $359,252,130 $760,183,475 13.6% 1 1.3x 1
New Mountain Partners VII, L.P. 2024 $250,000,000 $27,758,961 $0 $23,682,620 N/M 1 N/M 1
NM Pacific, L.P. 2021 $320,000,000 $274,106,631 $3,238,927 $326,823,748 7.8% 1 1.2x 1
Nordic Bear SCSp 2021 $1,800,000,000 $1,474,573,940 $53,344,852 $1,724,967,771 8.7% 1 1.2x 1
Oak HC/FT Partners V, L.P. 2022 $200,000,000 $59,018,342 $14,987,446 $69,455,259 15.0% 1 1.2x 1
Oaktree Latigo Investment Fund, L.P. 2020 $1,000,000,000 $480,000,000 $290,100,000 $641,639,070 9.9% 1 1.3x 1
Oaktree Opportunities Fund VIIIb, L.P. 2011 $200,000,000 $200,000,000 $325,474,146 $335,641,480 8.2% 1.7x
OHA Black Bear Fund, L.P. 2020 $1,000,000,000 $260,000,000 $174,752,475 $389,243,844 11.9% 1 1.5x 1
Onex Partners IV, L.P. 2014 $260,622,914 $329,577,280 $362,935,888 $458,421,514 7.0% 1.4x
Onex Partners V-B LP 2018 $455,585,109 $483,713,150 $135,018,913 $685,187,626 10.2% 1.4x
Orchard Park, L.P. 2023 $453,000,000 $400,773,189 $0 $467,583,661 11.9% 1 1.2x 1
PAG Asia I LP 2012 $100,000,000 $122,459,240 $208,648,176 $222,645,266 17.4% 1.8x
PAG Asia III LP 2019 $380,000,000 $383,025,285 $85,566,222 $484,448,624 8.1% 1.3x
Palladium Equity Partners III, L.P. 2004 $193,750,000 $253,879,630 $443,645,229 $443,645,229 15.5% 1.7x
Palladium Equity Partners V, L.P. 2018 $75,000,000 $76,203,579 $51,163,326 $118,402,832 13.2% 1.6x
Pantheon Global Secondary Fund VII Feeder (US) LP 2023 $200,000,000 $93,077,530 $0 $116,411,978 39.8% 1 1.3x 1
Patient Square Equity Partners, LP 2023 $300,000,000 $206,854,174 $1,827,337 $232,631,583 8.8% 1 1.1x 1
Patria Brazilian Private Equity Fund V, L.P. 2015 $150,000,000 $155,136,240 $47,749,770 $226,098,225 8.0% 1.5x
Permira Europe III 2004 $126,989,866 $126,989,866 $219,524,851 $219,586,427 26.6% 1.7x
Permira Growth Opportunities I L.P. 1 2019 $200,000,000 $199,766,438 $52,662,033 $257,213,386 8.2% 1.3x
Permira Growth Opportunities II SCSP 2022 $155,000,000 $90,473,230 $4,282,943 $87,698,826 -2.0% 1 1.0x 1
Permira IV L.P.2 2006 $289,745,392 $354,598,629 $498,612,287 $562,667,038 8.2% 1.6x
Permira V, L.P. 2014 $269,146,258 $273,110,573 $606,345,087 $756,843,811 20.7% 2.8x
Permira VI L.P. 1 2017 $497,294,446 $487,619,362 $494,052,774 $952,518,958 15.3% 2.0x
Permira VII L.P.1 2020 $556,186,328 $607,832,602 $135,667,960 $715,456,206 5.1% 1 1.2x 1
Permira VIII-2 SCSp 2023 $688,353,855 $367,873,008 $6,397,002 $406,277,406 8.3% 1 1.1x 1
Phoenix Bear Partners, L.P. 2023 $1,975,000,000 $1,461,066,941 $24,002,365 $1,772,321,834 24.4% 1 1.2x 1
Pioneer Pier Investments, L.P. 2024 $150,000,000 $13,280,731 $0 $14,273,639 N/M 1 N/M 1
Pophouse Fund (No. 1) SCS 2024 $103,690,110 $43,069,980 $0 $40,323,012 N/M 1 N/M 1
Project Quail Opportunities, L.P. 2022 $600,000,000 $371,994,399 $0 $530,263,306 24.0% 1 1.4x 1
Prysm Capital Fund I, L.P. 2023 $100,000,000 $103,215,562 $0 $104,258,855 0.6% 1 1.0x 1
Prysm Capital Fund II-C, L.P. 2024 $200,000,000 $93,482,970 $0 $155,633,366 N/M 1 N/M 1
PSG Encore L.P. 2022 $100,000,000 $60,586,100 $2,211,496 $64,358,537 3.6% 1 1.1x 1
PSG Europe II L.P. 2023 $104,785,338 $25,115,242 $1,784,532 $31,387,057 43.7% 1 1.2x 1
PSG V L.P. 2021 $100,000,000 $99,116,651 $9,852,821 $119,079,160 12.1% 1 1.2x 1
Q-Street Capital, L.P. 2021 $400,000,000 $309,937,654 $0 $376,403,274 9.8% 1 1.2x 1
RC CC Fund LP 2024 $750,000,000 $541,639,800 $0 $708,638,100 N/M 1 N/M 1
Red Admiral Fund LP 2023 $1,200,000,000 $1,049,955,969 $85,702,614 $1,283,736,758 43.9% 1 1.2x 1
Redwood Lane Capital, L.P. 2022 $700,000,000 $640,298,915 $0 $889,830,136 28.4% 1 1.4x 1
Redwood Opportunities SCSp 2020 $950,000,000 $804,269,398 $0 $1,081,014,373 15.2% 1 1.3x 1
River City Investments PCC 2024 $150,000,000 $25,800,000 $0 $25,698,939 N/M 1 N/M 1
Riverstone Global Energy and Power Fund V, L.P. 2012 $400,000,000 $530,711,864 $423,671,620 $436,602,556 -4.4% 0.8x
Riverstone Global Energy and Power Fund VI, L.P. 2016 $500,000,000 $642,757,591 $488,437,271 $680,741,680 1.6% 1.1x
Rubicon Partners SCSp 2023 $476,034,227 $216,812,015 $0 $248,269,101 12.4% 1 1.1x 1
Sacramento Private Equity Partners, L.P. 2006 $537,857,143 $527,013,573 $978,649,452 $1,032,750,885 11.5% 2.0x
SAIF Partners III L.P. 2007 $100,000,000 $126,111,682 $156,212,437 $235,859,982 6.6% 1.9x
SAIF Partners IV L.P. 2010 $120,000,000 $152,768,026 $122,992,113 $211,160,812 4.1% 1.4x
Samson Partners, L.P. 2020 $238,801,883 $172,155,918 $22,795,314 $270,807,455 12.3% 1 1.6x 1
Set Builders II, LP 2024 $70,000,000 $10,921,986 $0 $10,598,676 N/M 1 N/M 1
Shoreline, L.P. 2024 $200,000,000 $444,757 $0 $123,594 N/M 1 N/M 1
Sierra Partners, L.P. 2020 $150,000,000 $81,986,760 $21,284,053 $90,785,564 6.0% 1 1.1x 1
SignalFire Sage Fund, L.P. 2023 $100,000,000 $70,898,292 $0 $73,289,228 6.6% 1 1.0x 1
SignalFire Seed Fund V, L.P. 2024 $80,252,308 $5,216,400 $0 $4,956,404 N/M 1 N/M 1
SignalFire XIR Venture Fund II, L.P. 2024 $48,531,538 $5,823,785 $0 $5,218,572 N/M 1 N/M 1
Silver Lake Partners III, L.P. 2007 $480,000,000 $612,624,572 $1,158,663,796 $1,188,532,434 18.5% 1.9x
Silver Lake Partners IV, L.P. 2013 $320,000,000 $379,142,736 $570,998,478 $1,030,689,457 21.3% 2.7x
Silver Lake Partners V, L.P. 2018 $400,000,000 $408,244,161 $247,200,766 $658,488,102 12.4% 1.6x
Silver Lake Partners VI, L.P. 2021 $755,236,302 $854,866,253 $188,763,276 $1,050,949,650 8.9% 1 1.2x 1
Silver Lake Partners VII, L.P. 2024 $370,000,000 $78,501,203 $31,979 $99,347,668 N/M 1 N/M 1
Silver Lake Technology Investors IV, LP 2013 $80,000,000 $86,592,327 $165,335,632 $297,867,329 27.9% 3.4x
Silver Lake Technology Investors V, L.P. 2018 $100,000,000 $94,369,969 $69,631,832 $179,773,394 15.6% 1.9x
Siris Partners IV, L.P. 2019 $100,000,000 $113,442,406 $39,519,879 $149,991,993 9.0% 1.3x
SL SPV-1, L.P. 2017 $38,675,166 $83,958,311 $9,526,925 $116,699,394 4.8% 1.4x
SL SPV-2, L.P. 2019 $28,417,191 $50,424,679 $121,650,424 $191,493,269 30.4% 3.8x
SPRINGBLUE A, L.P. 2021 $50,000,000 $33,625,000 $0 $26,415,394 -9.7% 1 0.8x 1
Springblue A-V, L.P. 2024 $60,000,000 $11,400,000 $0 $12,969,805 N/M 1 N/M 1
SPRINGBLUE B, L.P. 2021 $50,000,000 $45,250,000 $0 $45,959,785 0.6% 1 1.0x 1
Springblue B-III, L.P. 2023 $40,000,000 $6,800,000 $0 $10,199,649 50.8% 1 1.5x 1
Springblue Co-Investment SPV, LP 2023 $20,000,000 $18,650,000 $0 $46,314,030 117.4% 1 2.5x 1
SR One Capital Fund II-A, LP 2023 $90,000,000 $55,803,260 $2,243,225 $48,134,957 -13.8% 1 0.9x 1
SR One Capital Opportunities Fund I, LP 2023 $72,351,563 $41,420,908 $193,624 $27,989,808 -37.2% 1 0.7x 1
Summit Partners Growth Equity Fund X-A, L.P. 2020 $250,000,000 $242,132,332 $69,824,777 $363,864,396 15.0% 1 1.5x 1
Summit Partners Growth Equity Fund XI-A, L.P. 2022 $400,000,000 $143,746,284 $1,629,711 $158,396,061 6.8% 1 1.1x 1
Sunrise Boulevard PE Partners L.P. 2021 $500,000,000 $363,032,439 $757,910 $479,884,718 13.3% 1 1.3x 1
TA Select Opportunities Fund II-A, L.P. 2021 $50,000,000 $47,125,000 $0 $48,019,544 1.3% 1 1.0x 1
TA XIV-A, L.P. 2021 $150,000,000 $146,625,000 $5,250,000 $151,833,555 1.9% 1 1.0x 1
Tailwind Capital Partners (PP), LP 2007 $77,510,000 $97,570,000 $145,519,018 $145,519,018 11.2% 1.5x
Tailwind Capital Partners II, LP 2014 $150,000,000 $166,309,208 $240,592,859 $248,354,215 9.9% 1.5x
Tailwind Capital Partners III, L.P. 2018 $200,000,000 $212,526,446 $120,070,981 $336,755,440 17.2% 1.6x
TCC Opportunities, L.P. 2021 $900,000,000 $732,250,340 $46,306,595 $929,094,240 21.4% 1 1.3x 1
TCP II Co-Invest B, L.P. 2015 $50,000,000 $58,367,891 $96,898,326 $102,738,975 11.2% 1.8x
TCV X, L.P. 2019 $156,592,057 $131,366,092 $87,500,375 $315,955,574 21.5% 2.4x
TCV XI, L.P. 2021 $261,229,279 $237,805,710 $18,031,534 $229,122,145 -1.5% 1 1.0x 1
The Rise Fund (A), L.P. 2018 $75,000,000 $82,317,706 $48,909,655 $122,797,622 10.9% 1.5x
The Rise Fund III, L.P. 2023 $100,000,000 $54,118,534 $1,035,467 $63,626,846 22.7% 1 1.2x 1
The Veritas Capital Fund IX, L.P. 2024 $400,000,000 $2,308,266 $0 $0 N/M 1 N/M 1
The Veritas Capital Fund VIII, L.P. 2022 $625,000,000 $512,287,664 $168,666 $622,511,089 15.0% 1 1.2x 1
Thoma Bravo Fund XIV, L.P. 2021 $600,000,000 $643,241,639 $136,923,785 $800,689,686 7.7% 1 1.2x 1
Thoma Bravo Fund XV, L.P. 2022 $348,293,279 $479,913,662 $234,020,566 $610,048,287 13.2% 1 1.3x 1
Thomas H. Lee Equity Fund VI, L.P 2006 $240,000,000 $402,954,172 $556,367,009 $556,367,009 7.0% 1.4x
Three Pillars Flex Opportunities Fund, LP 2023 $500,000,000 $78,974,026 $0 $126,266,721 82.5% 1 1.6x 1
Three Pillars Secondaries Fund, LP 2024 $750,000,000 $91,125,000 $16,125,000 $133,735,130 N/M 1 N/M 1
Thrive Capital Partners IX Growth, L.P. 2024 $365,742,209 $101,780,470 $0 $100,837,620 N/M 1 N/M 1
Thrive Capital Partners Opportunity Fund, L.P. 2024 $179,000,000 $80,668,879 $0 $79,569,934 N/M 1 N/M 1
Thrive Capital Partners VIII Growth, L.P. 2023 $300,000,000 $283,122,321 $0 $397,890,742 47.6% 1 1.4x 1
Tiger Global Private Investment Partners XV, L.P. 2022 $300,000,000 $285,000,000 $0 $206,612,120 -11.6% 1 0.7x 1
Timber Coast Private Opportunities, L.P. 2023 $300,000,000 $70,228,202 $0 $76,851,972 7.7% 1 1.1x 1
Top Castle Sidecar VII, L.P. 2020 $500,000,000 $144,751,179 $43,521,072 $241,127,586 28.5% 1 1.7x 1
TowerBrook Investors IV (Onshore), L.P. 2013 $380,000,000 $317,936,716 $439,485,669 $653,458,184 17.6% 2.1x
Towerbrook Investors V (Onshore) LP 2019 $400,000,000 $434,136,972 $81,728,287 $645,340,241 15.4% 1.5x
Towerbrook Investors VI (Onshore), L.P. 2024 $100,000,000 $26,542,893 $34,262 $27,183,703 N/M 1 N/M 1
Towerbrook Structured Opportunities Fund (Onshore), L.P. 2016 $221,786,667 $289,218,448 $229,060,422 $376,989,720 8.0% 1.3x
Towerbrook Structured Opportunities Fund II (Onshore) LP 2019 $250,000,000 $243,026,199 $144,364,648 $323,000,102 13.9% 1.3x
TPG Asia V, L.P. 2007 $360,000,000 $350,599,460 $488,924,451 $502,242,253 6.3% 1.4x
TPG Asia VIII (A), L.P. 2024 $250,000,000 $89,735,930 $0 $95,893,744 N/M 1 N/M 1
TPG Biotechnology Partners II, L.P. 2006 $70,000,000 $71,952,784 $86,914,132 $86,914,132 2.9% 1.2x
TPG Biotechnology Partners III, L.P. 2008 $100,000,000 $100,076,482 $187,770,846 $212,976,661 10.8% 2.1x
TPG Golden Bear Partners, L.P. 2019 $500,000,000 $489,403,401 $94,435,915 $848,649,854 17.3% 1.7x
TPG GP Solutions (A), L.P. 2024 $100,000,000 $17,612,714 $0 $21,032,383 N/M 1 N/M 1
TPG Growth IV, L.P. 2018 $75,000,000 $84,025,753 $59,731,910 $139,946,104 15.0% 1.7x
TPG Growth V, L.P. 2021 $200,000,000 $200,724,093 $36,435,238 $285,994,848 15.8% 1 1.4x 1
TPG Growth VI, L.P. 2024 $200,000,000 $42,076,552 $11,026 $47,029,573 N/M 1 N/M 1
TPG Healthcare Partners, L.P. 2019 $100,000,000 $98,201,988 $27,862,432 $137,332,574 15.0% 1.4x
TPG Life Sciences Innovations, L.P. 2024 $75,000,000 $22,017,062 $0 $16,264,243 N/M 1 N/M 1
TPG Partners IV, L.P. 2003 $200,000,000 $225,811,661 $428,892,245 $429,211,827 15.3% 1.9x
TPG PARTNERS IX, L.P. 2023 $300,000,000 $158,232,893 $123,716 $177,563,821 17.7% 1 1.1x 1
TPG Partners V, L.P. 2006 $600,000,000 $811,329,685 $1,007,256,750 $1,007,256,750 3.7% 1.2x
TPG Partners VIII, L.P. 2019 $150,000,000 $387,907,141 $349,397,287 $526,862,142 21.1% 1.4x
TPG STAR, L.P. 2007 $150,000,000 $171,879,025 $219,538,523 $219,842,878 6.2% 1.3x
TPG Tech Adjacencies II, L.P. 2023 $200,000,000 $118,505,794 $6,008,167 $140,548,488 13.4% 1 1.2x 1
Triangle Investment Opportunities II, L.P. 2024 $300,000,000 $70,335,857 $0 $70,060,451 N/M 1 N/M 1
Triangle Investment Opportunities, L.P. 2023 $1,000,000,000 $970,083,613 $69,741,593 $1,627,760,467 54.5% 1 1.7x 1
Trident IX, L.P. 2022 $500,000,000 $343,892,023 $41,332,767 $441,106,424 18.5% 1 1.3x 1
Trident VI 2014 $250,000,000 $269,623,677 $641,117,338 $746,715,713 22.2% 2.8x
Trident VII, L.P. 2017 $270,000,000 $323,571,870 $304,499,722 $705,435,401 19.0% 2.2x
Trident VIII, L.P. 2020 $400,000,000 $395,353,575 $81,161,013 $619,600,205 14.0% 1 1.6x 1
Triton Fund IV L.P. 2013 $92,889,031 $107,842,613 $102,756,467 $174,934,940 11.3% 1.6x
Triton Fund V, LP 2019 $280,763,166 $263,524,230 $103,251,706 $399,701,588 15.5% 1.5x
Valor Equity Partners IV L.P. 2017 $75,000,000 $74,484,349 $16,149,150 $228,991,374 21.2% 3.1x
Valor Equity Partners VI L.P. 2023 $300,000,000 $190,880,499 $0 $251,112,275 29.3% 1 1.3x 1
Verdane Edda III (D1) AB 2024 $104,505,675 $17,130,636 $0 $19,018,761 N/M 1 N/M 1
Vicente Capital Partners Growth Equity Fund, L.P. 2007 $40,422,297 $40,801,085 $56,560,761 $56,953,235 5.7% 1.4x
VIP IV LP 2020 $301,656,657 $276,635,420 $2,798,316 $331,280,333 7.7% 1 1.2x 1
VIP V S.C.Sp. 2023 $312,974,130 $50,966,375 $1,890,592 $42,758,450 -25.3% 1 0.8x 1
Vista Equity Partners Fund VII-Z, L.P. 2019 $400,000,000 $391,399,028 $42,412,855 $468,823,343 5.0% 1.2x
WCAS XIII, L.P. 2019 $400,000,000 $383,241,237 $226,690,019 $634,022,918 16.7% 1.7x
WCAS XIV, L.P. 2022 $400,000,000 $145,203,375 $0 $136,799,251 -4.4% 1 0.9x 1
Welsh, Carson, Anderson & Stowe XI, L.P. 2009 $125,000,000 $125,000,000 $207,650,933 $207,906,167 11.5% 1.7x
Welsh, Carson, Anderson & Stowe XII, L.P. 2015 $350,000,000 $350,162,050 $723,009,613 $891,699,211 25.7% 2.5x
Whitney Global Partners II L.P. 2024 $265,162,869 $141,628,259 $0 $144,276,864 N/M 1 N/M 1
Whitney Global Partners L.P. 2021 $803,409,074 $756,362,645 $493,241 $855,414,517 6.5% 1 1.1x 1
Wigeavenmore Co-Investment LP 2024 $282,413,780 $179,429,651 $0 $203,876,606 N/M 1 N/M 1
Wigmore Street (BDC III) LP 2017 $32,688,291 $30,733,886 $68,253,967 $97,495,114 34.8% 3.2x
Wigmore Street BDC IV Co-Investment No.1 LP 2021 $50,282,549 $50,060,469 $0 $53,389,088 4.7% 1 1.1x 1
Wigmore Street Co-investment No. 1 LP 2016 $99,143,349 $93,696,159 $159,363,280 $198,147,841 21.4% 2.1x
Wigmore Street VI Co-Investment No. 1 LP 2019 $98,822,670 $96,673,167 $34,342,616 $168,673,229 14.9% 1.7x
Yucaipa American Alliance Fund II, L.P. 2008 $400,000,000 $560,638,831 $612,947,113 $956,054,531 7.7% 1.7x
Yucaipa Corporate Initiatives Fund I, L.P. 2001 $200,000,000 $288,655,697 $220,089,977 $225,328,652 -3.7% 0.8x
Yucaipa Corporate Initiatives Fund II, L.P. 2008 $93,539,524 $91,400,621 $81,687,571 $82,791,310 -1.3% 0.9x

1Not Meaningful: Funds with a vintage year of 2020 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.