GCM Grosvenor DEM, L.P.
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 March 31, 2023.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | ||||||
| Aldrich Capital Partners Fund, LP | 2018 | $8,663,366 | $8,499,500 | $0 | $12,583,192 | 13.9% | 1.5x |
| Arcadius (SW) Energy Capital, LP | 2018 | $14,851,485 | $13,026,038 | $0 | $11,697,650 | -2.4% | 0.9x |
| Argand Partners Fund, LP | 2017 | $14,851,485 | $12,737,295 | $462,721 | $18,784,206 | 8.5% | 1.5x |
| Avance Investment Partners, L.P. | 2021 | $34,684,685 | $10,693,948 | $297,850 | $12,344,205 | N/M1 | N/M |
| Avante Mezzanine Partners SBIC II, LP | 2015 | $14,563,107 | $11,955,437 | $12,320,388 | $20,662,934 | 15.6% | 1.7x |
| Cornell Capital Partners II LP | 2022 | $34,684,685 | $12,139,640 | $0 | $12,852,986 | N/M1 | N/M |
| Crayhill Capital Management LP Master Co-Investment | 2018 | $3,300,330 | $3,292,481 | $3,867,234 | $3,940,640 | 12.6% | 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 | $2,717,892 | $2,840,171 | $6,919,904 | 9.6% | 2.5x |
| EIV Capital Fund II, LP | 2014 | $14,851,485 | $13,118,936 | $8,455,919 | $17,694,792 | 8.8% | 1.3x |
| Gemspring Capital Fund I, LP | 2017 | $14,851,485 | $12,299,510 | $28,837,802 | $48,869,906 | 75.5% | 4.0x |
| Gemspring Capital Fund II, LP | 2020 | $19,819,820 | $11,672,882 | $7,513 | $12,829,436 | 7.9%1 | 1.1x |
| Grain Communications Opportunity Fund II, L.P. | 2018 | $19,801,980 | $17,975,011 | $8,135 | $30,477,468 | 19.9% | 1.7x |
| HPH II FF, LP | 2019 | $34,684,685 | $31,686,317 | $7,612,260 | $53,064,480 | 23.9%1 | 1.7x |
| Juggernaut Capital Partners III, L.P. | 2015 | $8,663,366 | $6,397,281 | $10,070,893 | $16,673,317 | 18.1% | 2.6x |
| Kingswood Capital Opportunities Fund I, L.P. | 2019 | $34,684,685 | $17,717,916 | $39,668,177 | $103,071,599 | 292.3%1 | 5.8x |
| Kingswood Capital Opportunities Fund II, L.P. | 2022 | $9,909,910 | $2,006,744 | $188 | $1,825,869 | N/M1 | N/M |
| Maranon Mezzanine Fund II, L.P. | 2014 | $9,223,301 | $7,774,395 | $12,292,808 | $14,062,058 | 14.6% | 1.8x |
| Mill Point Capital Partners II, L.P. | 2021 | $19,819,820 | $9,238,627 | $0 | $10,184,018 | N/M1 | N/M |
| Mill Point Capital Partners, L.P. | 2017 | $14,851,485 | $13,910,815 | $11,617,439 | $30,844,792 | 25.8% | 2.2x |
| New Heritage Capital Fund | 2014 | $9,320,388 | $8,814,135 | $13,539,150 | $18,625,006 | 18.4% | 2.1x |
| New Heritage Capital Fund III, L.P. | 2019 | $9,900,990 | $7,720,386 | $1,767,779 | $13,964,880 | 32.8%1 | 1.8x |
| NHC III GCM Co-Investors, L.P. | 2019 | $4,950,495 | $3,772,646 | $275,972 | $7,227,646 | 31.3%1 | 1.9x |
| NovaQuest Pharma Opportunities Fund IV, L.P. | 2015 | $9,320,388 | $9,146,035 | $1,944,146 | $5,253,834 | -11.1% | 0.6x |
| ParkerGale Capital, LP | 2015 | $14,851,485 | $14,851,485 | $12,562,788 | $22,673,930 | 9.8% | 1.5x |
| Peak Rock Capital Credit Fund II, L.P. | 2017 | $2,970,297 | $2,008,017 | $1,609,914 | $2,638,653 | 22.9% | 1.3x |
| Peak Rock Capital Fund II, LP | 2017 | $11,881,188 | $8,542,932 | $10,050,068 | $14,754,613 | 33.9% | 1.7x |
| Peak Rock Capital Fund III LP | 2021 | $14,864,865 | $5,381,736 | $916,172 | $6,789,147 | N/M1 | N/M |
| Peak Rock Capital Fund LP | 2013 | $9,223,301 | $8,488,498 | $9,117,216 | $13,295,087 | 17.2% | 1.6x |
| Recognize Partners I, L.P. | 2021 | $19,819,820 | $6,776,615 | $8,574 | $5,697,406 | N/M1 | N/M |
| Resolve Growth Partners Fund I (Side Car), L.P. | 2019 | $5,662,806 | $3,843,213 | $0 | $5,498,130 | 19.1%1 | 1.4x |
| Resolve Growth Partners Fund I, L.P. | 2019 | $14,157,014 | $11,089,921 | $133,994 | $14,001,742 | 11.3%1 | 1.3x |
| Resurgens Technology Partners, L.P. | 2018 | $8,663,366 | $8,194,208 | $9,199,050 | $19,120,066 | 35.7% | 2.3x |
| Revelstoke Capital Partners Fund I, L.P. | 2015 | $14,851,485 | $14,587,129 | $23,914,448 | $37,108,730 | 19.2% | 2.5x |
| Reverence Capital Partners Opportunities Fund II, L.P. | 2018 | $14,851,485 | $11,482,206 | $1,274,643 | $22,768,355 | 27.1% | 2.0x |
| Siris Partners II, L.P. | 2012 | $9,320,388 | $8,086,717 | $7,530,926 | $9,146,721 | 3.3% | 1.1x |
| SkyKnight Capital Fund III, L.P. | 2021 | $9,909,910 | $7,012,697 | $1,465,274 | $10,521,911 | N/M1 | N/M |
| Stellex Capital Partners II LP | 2021 | $84,234,234 | $51,138,680 | $2,237,806 | $55,314,198 | N/M1 | N/M |
| Stellex Capital Partners LP | 2015 | $14,563,107 | $10,064,276 | $6,590,294 | $22,524,578 | 23.6% | 2.2x |
| The Central Valley Fund III (SBIC), LP | 2017 | $9,900,990 | $6,930,693 | $0 | $9,050,448 | 6.6% | 1.3x |
| Tritium I, L.P. | 2015 | $8,663,366 | $7,831,887 | $12,873,974 | $21,712,533 | 26.8% | 2.8x |
| Valor Equity Partners III L.P. | 2013 | $9,320,388 | $9,376,740 | $13,925,242 | $20,876,568 | 13.8% | 2.2x |
| Vistria Fund II, LP | 2017 | $14,851,485 | $13,510,161 | $17,011,135 | $33,263,455 | 31.5% | 2.5x |
| Vistria Fund III, LP | 2020 | $34,684,685 | $30,637,165 | $0 | $41,257,227 | 15.7%1 | 1.3x |
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.