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, 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 |
| Aldrich Capital Partners Fund, LP | 2018 | $8,663,366 | $7,618,517 | $0 | $11,123,263 | 14.5%1 | 1.5x |
| Arcadius (SW) Energy Capital, LP | 2018 | $14,851,485 | $13,026,038 | $0 | $11,921,734 | -2.2%1 | 0.9x |
| Argand Partners Fund, LP | 2017 | $14,851,485 | $12,617,525 | $342,951 | $19,806,717 | 11% | 1.6x |
| Avance Investment Partners, L.P. | 2021 | $34,684,685 | $8,571,101 | $208,739 | $9,827,548 | N/M1 | N/M |
| Avante Mezzanine Partners SBIC II, LP | 2015 | $14,563,107 | $11,955,437 | $12,174,757 | $19,888,635 | 15.3% | 1.7x |
| Cornell Capital Partners II LP | 2022 | $34,684,685 | $10,752,252 | $0 | $11,970,276 | N/M1 | N/M |
| Crayhill Capital Management LP Master Co-Investment | 2018 | $3,300,330 | $3,292,481 | $3,791,170 | $3,938,538 | 12.7%1 | 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 | $3,084,840 | $2,777,865 | $7,958,170 | 11.1% | 2.6x |
| EIV Capital Fund II, LP | 2014 | $14,851,485 | $13,095,235 | $6,685,088 | $18,153,027 | 10.3% | 1.4x |
| Gemspring Capital Fund I, LP | 2017 | $14,851,485 | $12,299,510 | $26,791,163 | $48,450,376 | 79.7% | 3.9x |
| Gemspring Capital Fund II, LP | 2020 | $19,819,820 | $7,750,722 | $764 | $8,587,441 | 9.3%1 | 1.1x |
| Grain Communications Opportunity Fund II, L.P. | 2018 | $19,801,980 | $17,911,384 | $0 | $27,351,583 | 19.2%1 | 1.5x |
| HPH II FF, LP | 2019 | $34,684,685 | $31,509,060 | $7,612,260 | $42,679,897 | 16.7%1 | 1.4x |
| Juggernaut Capital Partners III, L.P. | 2015 | $8,663,366 | $6,397,281 | $10,063,442 | $16,274,760 | 18.3% | 2.5x |
| Kingswood Capital Opportunities Fund I, L.P. | 2019 | $34,684,685 | $13,998,663 | $38,092,753 | $71,886,704 | 298%1 | 5.1x |
| Maranon Mezzanine Fund II, L.P. | 2014 | $9,223,301 | $7,774,395 | $12,004,624 | $13,873,614 | 14.5% | 1.8x |
| Mill Point Capital Partners II, L.P. | 2021 | $19,819,820 | $7,894,712 | $0 | $8,377,220 | N/M1 | N/M |
| Mill Point Capital Partners, L.P. | 2017 | $14,851,485 | $13,543,498 | $5,397,341 | $29,104,180 | 27.1% | 2.1x |
| New Heritage Capital Fund | 2014 | $9,320,388 | $8,756,033 | $9,761,695 | $17,592,256 | 18% | 2.0x |
| New Heritage Capital Fund III, L.P. | 2019 | $9,900,990 | $6,856,636 | $1,662,547 | $12,651,724 | 38.5%1 | 1.8x |
| NHC III GCM Co-Investors, L.P. | 2019 | $4,950,495 | $3,772,646 | $223,036 | $6,434,450 | 32.2%1 | 1.7x |
| NovaQuest Pharma Opportunities Fund IV, L.P. | 2015 | $9,320,388 | $8,732,344 | $906,629 | $4,867,325 | -11.9% | 0.6x |
| ParkerGale Capital, LP | 2015 | $14,851,485 | $14,851,485 | $12,883,951 | $22,539,298 | 10.1% | 1.5x |
| Peak Rock Capital Credit Fund II, L.P. | 2017 | $2,970,297 | $1,770,835 | $678,109 | $2,295,829 | 23.7% | 1.3x |
| Peak Rock Capital Fund II, LP | 2017 | $11,881,188 | $8,538,768 | $10,027,289 | $14,181,569 | 34.2% | 1.7x |
| Peak Rock Capital Fund III LP | 2021 | $14,864,865 | $4,691,157 | $704,496 | $5,539,036 | N/M1 | N/M |
| Peak Rock Capital Fund LP | 2013 | $9,223,301 | $8,474,805 | $9,117,216 | $13,270,231 | 17.8% | 1.6x |
| Recognize Partners I, L.P. | 2021 | $19,819,820 | $5,369,579 | $8,574 | $4,381,573 | N/M1 | N/M |
| Resolve Growth Partners Fund I (Side Car), L.P. | 2019 | $5,662,806 | $3,541,232 | $0 | $4,709,485 | 18.4%1 | 1.3x |
| Resolve Growth Partners Fund I, L.P. | 2019 | $14,157,014 | $10,588,482 | $133,994 | $12,952,851 | 12.1%1 | 1.2x |
| Resurgens Technology Partners, L.P. | 2018 | $8,663,366 | $8,165,386 | $9,539,422 | $18,860,536 | 38.5%1 | 2.3x |
| Revelstoke Capital Partners Fund I, L.P. | 2015 | $14,851,485 | $14,185,278 | $23,914,448 | $35,324,542 | 19% | 2.5x |
| Reverence Capital Partners Opportunities Fund II, L.P. | 2018 | $14,851,485 | $11,505,283 | $994,843 | $20,545,761 | 27.6%1 | 1.8x |
| Siris Partners II, L.P. | 2012 | $9,320,388 | $8,086,717 | $7,530,926 | $9,437,304 | 4.1% | 1.2x |
| SkyKnight Capital Fund III, L.P. | 2021 | $9,909,910 | $6,190,200 | $1,465,274 | $8,686,307 | N/M1 | N/M |
| Stellex Capital Partners II LP | 2021 | $84,234,234 | $28,414,503 | $2,787 | $31,919,862 | N/M1 | N/M |
| Stellex Capital Partners LP | 2015 | $14,563,107 | $10,064,276 | $6,590,294 | $20,138,113 | 22.6% | 2.0x |
| The Central Valley Fund III (SBIC), LP | 2017 | $9,900,990 | $6,930,693 | $0 | $9,642,347 | 9.2% | 1.4x |
| Tritium I, L.P. | 2015 | $8,663,366 | $8,139,397 | $13,380,858 | $23,789,798 | 29.5% | 2.9x |
| Valor Equity Partners III L.P. | 2013 | $9,320,388 | $9,376,740 | $13,925,242 | $21,011,096 | 14.3% | 2.2x |
| Vistria Fund II, LP | 2017 | $14,851,485 | $13,175,160 | $17,011,135 | $32,589,563 | 33.4% | 2.5x |
| Vistria Fund III, LP | 2020 | $34,684,685 | $30,637,165 | $0 | $42,201,632 | 22.9%1 | 1.4x |