Golden State Investment Partners
The Golden State Investment Fund (GSIF) is the second phase of CalPERS California Initiative Program. GSIF, managed by Hamilton Lane, will seek compelling private equity investment opportunities, both partnerships and co-investments, focused in the State of California.
Golden State Investment Partners
200 California Street, Suite 400
San Francisco, CA 94111
(415) 365-1070
The table shows fund performance information for Golden State Investment Partners as of September 30, 2021.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | ||||||
| Accel-KKR SCP California Co-Invest, LP | 2011 | $4,859,040 | $4,479,440 | $8,500,680 | $9,952,843 | 39.8% | 2.2x |
| Accel-KKR Structured Capital Partners, L.P. | 2011 | $14,577,121 | $14,951,944 | $36,079,656 | $37,388,529 | 28.9% | 2.5x |
| Caltius Equity Partners II, L.P. | 2007 | $19,436,161 | $17,757,130 | $28,306,342 | $30,636,847 | 9.7% | 1.7x |
| Carpenter Community BancFund-A, L.P. | 2008 | $11,661,697 | $11,334,225 | $19,230,581 | $19,230,581 | 8.3% | 1.7x |
| Carpenter Community BancFund-CA, L.P. | 2008 | $7,774,465 | $7,146,130 | $13,936,344 | $13,936,344 | 10.5% | 2.0x |
| Claremont Creek Ventures II | 2009 | $4,859,040 | $4,859,068 | $3,220,342 | $4,648,038 | -1% | 1.0x |
| DBL Equity Fund - BAEF II, LP | 2009 | $9,718,081 | $7,554,989 | $1,602,810 | $13,901,908 | 7.1% | 1.8x |
| DFJ Frontier Fund II, L.P. | 2007 | $19,436,161 | $18,464,353 | $6,977,146 | $21,096,369 | 1.5% | 1.1x |
| Energy Capital Partners II, L.P. | 2010 | $24,295,202 | $8,424,661 | $12,052,839 | $12,649,182 | 12.9% | 1.5x |
| GRP III Investors, L.P. | 2009 | $3,887,232 | $4,398,255 | $3,308,252 | $14,756,743 | 15.5% | 3.4x |
| GRP III, L.P. | 2009 | $5,830,848 | $7,153,372 | $4,249,548 | $19,521,596 | 14.1% | 2.7x |
| Huntington Capital Fund II, L.P. | 2008 | $14,577,121 | $12,111,520 | $13,563,150 | $14,536,947 | 4.1% | 1.2x |
| KAPI Mezzanine, L.P. | 2008 | $10,932,841 | $8,746,273 | $10,068,178 | $10,068,178 | 7.1% | 1.2x |
| LLCP California Growth Fund, L.P. | 2007 | $38,094,876 | $41,806,769 | $68,444,910 | $68,588,751 | 8.6% | 1.6x |
| Pacific Community Ventures Partners III, LLC | 2007 | $9,718,081 | $8,505,443 | $1,331,017 | $6,469,441 | -2.8% | 0.8x |
| RLH Investors II, L.P. | 2007 | $24,295,202 | $27,175,913 | $57,659,182 | $58,886,881 | 18.9% | 2.2x |
| Seidler Equity Partners IV, L.P. | 2010 | $11,661,697 | $11,491,690 | $19,280,189 | $29,081,282 | 26% | 2.5x |
| St. Cloud Capital Partners II, L.P. | 2008 | $14,577,121 | $14,617,921 | $12,179,454 | $12,345,680 | -4% | 0.8x |
| Vance Street Capital, LLC | 2008 | $19,436,161 | $15,837,633 | $14,271,345 | $18,789,853 | 4.3% | 1.2x |
1Not Meaningful: Funds with a vintage year of 2017 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.