Capital Link Funds
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 June 30, 2022.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | ||||||
| Alpine Investors IV, LP | 2011 | $9,908,884 | $8,165,202 | $58,403,396 | $59,365,926 | 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 | $22,181,381 | 19% | 2.7x |
| Caltius Equity Partners II, L.P. | 2007 | $12,948,413 | $12,793,713 | $19,891,979 | $20,937,236 | 9.5% | 1.6x |
| Caltius Partners IV, L.P. | 2008 | $14,863,326 | $13,982,952 | $15,885,345 | $20,054,169 | 7.9% | 1.4x |
| Capital Point Partners, L.P. | 2008 | $17,255,635 | $17,585,779 | $11,102,646 | $15,203,309 | -2.6% | 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 | $32,143,827 | $56,594,346 | $72,940,569 | 14.4% | 2.3x |
| Chart Capital Partners II, LP | 2009 | $13,872,437 | $13,718,273 | $25,148,157 | $25,985,393 | 10.4% | 1.9x |
| Clearlake Capital Partners II, L.P. | 2009 | $39,635,535 | $37,630,580 | $69,898,669 | $73,257,056 | 16.4% | 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 | $36,665,926 | 7.7% | 1.5x |
| Comvest Investment Partners IV, L.P. | 2011 | $24,772,210 | $18,068,825 | $34,813,597 | $38,849,739 | 27.2% | 2.2x |
| Corinthian Equity Fund, L.P. | 2008 | $9,960,317 | $10,056,302 | $9,430,533 | $10,724,507 | 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 | $50,619,925 | 20.3% | 2.2x |
| GenNx360 Capital Partners, L.P. | 2007 | $45,669,111 | $46,001,601 | $34,401,629 | $42,566,683 | -1.3% | 0.9x |
| GF Capital Private Equity Fund, L.P. | 2007 | $19,920,635 | $20,017,925 | $26,595,077 | $38,391,982 | 11.9% | 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 | $4,154,838 | -19.3% | 0.4x |
| Halyard Capital Fund II, L.P. | 2008 | $19,920,635 | $18,261,425 | $22,093,388 | $28,112,065 | 6.6% | 1.5x |
| Hispania Private Equity II, L.P. | 2008 | $9,908,884 | $13,380,256 | $24,249,786 | $24,465,386 | 19.9% | 1.8x |
| Huntington Capital Fund II, L.P. | 2008 | $14,863,326 | $7,232,185 | $9,227,191 | $9,649,524 | 5.9% | 1.3x |
| IC Hospitality Fund, LP | 2009 | $8,928,098 | $8,990,240 | $4,459,400 | $4,918,319 | -16.7% | 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 | $19,184,987 | $35,941,557 | $45,937,889 | 18.1% | 2.4x |
| Leeds Equity Partners V, L.P. | 2009 | $24,900,794 | $22,023,035 | $56,833,761 | $60,513,326 | 19.1% | 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 | $32,296,650 | $78,931,711 | $98,526,123 | 15.2% | 3.1x |
| 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 | $9,828,807 | $10,760,267 | 2.3% | 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 | $29,206,193 | $30,942,226 | 9.9% | 1.5x |
| Sheridan Production Partners I-B, LP | 2007 | $24,900,794 | $24,906,422 | $16,484,325 | $16,484,325 | -91.2% | 0.7x |
| St. Cloud Capital Partners II, L.P. | 2007 | $14,940,476 | $14,907,821 | $12,569,866 | $12,719,325 | -3.7% | 0.9x |
| StarVest Partners II, L.P. | 2008 | $19,869,201 | $19,815,587 | $10,111,900 | $18,365,540 | -0.9% | 0.9x |
| 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 | $19,385,071 | $24,091,062 | $32,620,792 | 13.4% | 1.7x |
| The Column Group, L.P. | 2008 | $19,869,201 | $20,408,127 | $54,180,826 | $69,680,262 | 20.9% | 3.4x |
| Valor Equity Partners II, L.P. | 2007 | $9,960,317 | $9,366,842 | $37,512,527 | $37,512,527 | 23.5% | 4.0x |
| Vance Street Capital, LLC | 2008 | $19,817,768 | $16,836,990 | $15,450,843 | $19,796,984 | 3.8% | 1.2x |
| Vedanta Opportunities Fund, L.P. | 2008 | $19,817,768 | $20,190,506 | $3,159,220 | $3,648,672 | -16.1% | 0.2x |
| Vista Equity Partners Fund III, L.P. | 2007 | $59,761,905 | $65,575,084 | $145,151,137 | $150,568,684 | 25.5% | 2.3x |
| Vista Foundation Fund I, L.P. | 2009 | $19,817,768 | $17,687,534 | $59,236,788 | $62,504,338 | 36.4% | 3.5x |
1Not Meaningful: Funds with a vintage year of 2018 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.