The Capital Link Funds are managed by GCM Grosvenor and focused on domestic emerging managers.
GCM Grosvenor
Jessica Holsey, Principal
767 Fifth Avenue, 14th Floor
New York, NY 10153
Phone: 646-362-3656
E-mail: CalPERSReferrals@gcmip.com
The table shows fund performance information for Capital Link Funds as of September 30, 2022.
| 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 |
| Alpine Investors IV, LP | 2011 | $9,908,884 | $8,165,202 | $58,403,396 | $59,379,359 | 28.6% | 7.3x |
| Altos Ventures IV, L.P. | 2008 | $9,908,884 | $9,908,884 | $82,634,134 | $82,634,134 | 29% | 8.3x |
| Avante Mezzanine Partners SBIC, L.P. | 2010 | $9,908,884 | $8,189,822 | $19,192,767 | $21,726,463 | 18.8% | 2.7x |
| Caltius Equity Partners II, L.P. | 2007 | $12,948,413 | $12,793,713 | $19,891,979 | $20,835,842 | 9.4% | 1.6x |
| Caltius Partners IV, L.P. | 2008 | $14,863,326 | $13,998,655 | $17,288,317 | $20,210,290 | 8% | 1.4x |
| Capital Point Partners, L.P. | 2008 | $17,255,635 | $17,585,779 | $11,102,646 | $16,464,285 | -1.1% | 0.9x |
| Carpenter Community BancFund-A, L.P. | 2008 | $29,880,952 | $29,088,961 | $50,643,331 | $50,643,331 | 8.7% | 1.7x |
| Centerview Capital, L.P. | 2008 | $39,635,535 | $32,411,524 | $70,332,619 | $71,898,736 | 14.3% | 2.2x |
| Chart Capital Partners II, LP | 2009 | $13,872,437 | $13,718,273 | $25,148,157 | $25,905,721 | 10.4% | 1.9x |
| Clearlake Capital Partners II, L.P. | 2009 | $39,635,535 | $37,630,580 | $69,898,669 | $72,077,154 | 16.2% | 1.9x |
| Commerce Street Financial Partners, L.P. | 2009 | $7,796,425 | $7,609,375 | $14,176,700 | $14,176,700 | 13.3% | 1.9x |
| Comvest Investment Partners III, L.P. | 2008 | $24,900,794 | $23,943,323 | $36,647,019 | $36,663,686 | 7.7% | 1.5x |
| Comvest Investment Partners IV, L.P. | 2011 | $24,772,210 | $18,068,825 | $34,813,597 | $38,565,816 | 27% | 2.1x |
| Corinthian Equity Fund, L.P. | 2008 | $9,960,317 | $10,056,302 | $9,430,533 | $10,724,197 | 1.3% | 1.1x |
| Craton Equity Investors I, L.P. | 2008 | $9,960,317 | $10,011,493 | $1,087,879 | $1,087,879 | -32.9% | 0.1x |
| Cressey & Company Fund IV, L.P. | 2009 | $24,772,210 | $23,214,212 | $50,587,323 | $50,615,669 | 20.3% | 2.2x |
| GenNx360 Capital Partners, L.P. | 2007 | $45,669,111 | $46,001,601 | $34,401,629 | $40,814,491 | -2% | 0.9x |
| GF Capital Private Equity Fund, L.P. | 2007 | $19,920,635 | $20,017,925 | $26,595,077 | $38,381,911 | 11.8% | 1.9x |
| Greenbriar Equity Fund II, L.P. | 2007 | $19,920,635 | $17,725,522 | $26,431,163 | $26,431,163 | 9.6% | 1.5x |
| Grey Mountain Partners Fund II, L.P. | 2010 | $9,908,884 | $9,749,856 | $3,871,973 | $4,122,760 | -19.6% | 0.4x |
| Halyard Capital Fund II, L.P. | 2008 | $19,920,635 | $18,261,425 | $22,093,388 | $28,092,448 | 6.5% | 1.5x |
| Hispania Private Equity II, L.P. | 2008 | $9,908,884 | $13,380,256 | $24,379,755 | $24,457,013 | 19.8% | 1.8x |
| Huntington Capital Fund II, L.P. | 2008 | $14,863,326 | $7,232,185 | $9,227,191 | $9,562,217 | 5.7% | 1.3x |
| IC Hospitality Fund, LP | 2009 | $8,928,098 | $8,990,240 | $4,741,024 | $4,915,388 | -16.6% | 0.5x |
| Industrial Opportunity Partners, L.P. | 2007 | $19,920,635 | $19,303,064 | $60,075,360 | $60,075,360 | 24.9% | 3.1x |
| InterMedia Partners VII, L.P. | 2007 | $59,761,905 | $59,063,453 | $54,123,537 | $54,123,537 | -1.2% | 0.9x |
| Intervale Capital Group, L.P. | 2008 | $20,462,367 | $19,223,463 | $35,941,557 | $45,015,513 | 17.9% | 2.3x |
| Leeds Equity Partners V, L.P. | 2009 | $24,900,794 | $22,023,035 | $57,915,823 | $60,288,398 | 19% | 2.7x |
| Longitude Venture Partners | 2008 | $19,920,635 | $16,064,027 | $46,629,406 | $46,629,406 | 25.5% | 2.9x |
| Longroad Capital Partners III, L.P. | 2010 | $14,863,326 | $5,961,329 | $3,025,442 | $3,025,442 | -30.4% | 0.5x |
| PALADIN III (CA), LP | 2008 | $29,880,952 | $32,439,258 | $83,429,048 | $91,937,322 | 14.5% | 2.8x |
| Quad Partners II LP | 2008 | $9,960,317 | $9,851,017 | $8,748,505 | $8,748,505 | -1.7% | 0.9x |
| Quaker BioVentures II, LP | 2008 | $9,908,884 | $9,566,566 | $10,349,759 | $10,525,206 | 1.9% | 1.1x |
| Relativity Fund, L.P. | 2008 | $14,940,476 | $7,822,359 | $3,800,619 | $3,800,619 | -10.7% | 0.5x |
| Rustic Canyon / Fontis Partners, LP | 2007 | $14,940,476 | $11,001,647 | $7,659,295 | $7,659,295 | -5.1% | 0.7x |
| Saybrook Corporate Opportunity Fund, L.P | 2008 | $19,817,768 | $20,435,263 | $30,333,751 | $30,333,751 | 9.5% | 1.5x |
| Sheridan Production Partners I-B, LP | 2007 | $24,900,794 | $24,906,422 | $16,484,325 | $16,484,325 | -90.5% | 0.7x |
| St. Cloud Capital Partners II, L.P. | 2007 | $14,940,476 | $14,907,821 | $12,569,866 | $12,711,945 | -3.7% | 0.9x |
| StarVest Partners II, L.P. | 2008 | $19,869,201 | $19,815,587 | $10,111,900 | $15,695,972 | -2.8% | 0.8x |
| Syndicated Communications Venture Partners V, LP | 2007 | $9,960,317 | $9,953,509 | $332,936 | $332,936 | -35.8% | 0.0x |
| Tenex Capital Partners, LP | 2011 | $18,826,879 | $20,283,164 | $29,091,192 | $33,680,090 | 13.3% | 1.7x |
| The Column Group, L.P. | 2008 | $19,869,201 | $20,408,127 | $54,180,826 | $69,187,166 | 20.8% | 3.4x |
| Valor Equity Partners II, L.P. | 2007 | $9,960,317 | $9,370,124 | $37,826,674 | $37,826,674 | 23.6% | 4.0x |
| Vance Street Capital, LLC | 2008 | $19,817,768 | $16,836,990 | $15,450,843 | $19,801,796 | 3.7% | 1.2x |
| Vedanta Opportunities Fund, L.P. | 2008 | $19,817,768 | $20,190,506 | $3,159,220 | $3,574,899 | -16.3% | 0.2x |
| Vista Equity Partners Fund III, L.P. | 2007 | $59,761,905 | $65,600,860 | $145,151,137 | $149,568,614 | 25.5% | 2.3x |
| Vista Foundation Fund I, L.P. | 2009 | $19,817,768 | $17,698,452 | $59,236,788 | $61,907,673 | 36.4% | 3.5x |