The CalPERS Emerging Manager funds are managed by Grosvenor Capital Management (CFIG) and focused on domestic emerging managers.

GCM Grosvenor Private Markets
Derek Jones
10250 Constellation Blvd
Suite 1650, 16th Floor
Los Angeles, CA  90067
(310) 651-8270

The table shows fund performance information for GCM Grosvenor Private Markets.

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 $2,684,424 $0 $2,965,768 N/M1 N/M 1
Argand Partners Fund, LP 2017 $14,851,485 $6,240,547 $65,457 $6,133,365 -2.5%1 1.0x 1
Avante Mezzanine Partners SBIC II, LP 2015 $14,563,107 $4,660,194 $0 $3,680,249 -18.8%1 0.8x 1
Crayhill Capital Management LP Master Co-Investment 2018 $3,300,330 $1,024,594 $0 $1,024,594 N/M1 N/M 1
Crayhill Principal Strategies Fund LP 2017 $6,600,660 $4,863,148 $0 $4,784,635 N/M1 N/M 1
CRG Partners III (Holdings 2) L.P. 2016 $11,165,049 $6,568,716 $193,164 $7,584,266 10.2%1 1.2x 1
EIV Capital Fund II, LP 2014 $14,851,485 $4,267,290 $799,340 $6,120,301 23.3%1 1.4x 1
Gemspring Capital Fund I, LP 2017 $14,851,485 $1,358,369 $12,577 $736,202 N/M1 N/M 1
Juggernaut Capital Partners III, L.P. 2015 $8,663,366 $7,265,053 $159,302 $7,981,846 8.3%1 1.1x 1
Maranon Mezzanine Fund II, L.P. 2014 $9,223,301 $7,080,744 $1,908,044 $9,230,548 11%1 1.3x 1
Mill Point Capital Partners, L.P. 2017 $14,851,485 $1,521,995 $0 $1,772,888 N/M1 N/M 1
New Heritage Capital Fund 2014 $9,320,388 $6,170,962 $166,633 $6,207,812 0.4%1 1.0x 1
NovaQuest Pharma Opportunities Fund IV, L.P. 2015 $9,320,388 $5,613,709 $0 $4,022,812 -20.1%1 0.7x 1
ParkerGale Capital, LP 2015 $14,851,485 $7,858,913 $87,755 $8,018,694 1.3%1 1.0x 1
Peak Rock Capital Credit Fund II, L.P. 2017 $2,970,297 $141,750 $30,891 $139,291 N/M1 N/M 1
Peak Rock Capital Fund II, LP 2017 $11,881,188 $646,038 $0 $777,846 N/M1 N/M 1
Peak Rock Capital Fund LP 2013 $9,223,301 $7,246,645 $4,945,412 $13,072,717 36% 1.8x
Revelstoke Capital Partners Fund I, L.P. 2015 $14,851,485 $9,428,977 $1,004,985 $14,666,120 15.8%1 1.6x 1
Siris Partners II, L.P. 2012 $9,320,388 $7,311,535 $3,555,467 $10,674,913 17.6% 1.5x
Stellex Capital Partners LP 2015 $14,563,107 $3,056,462 $783,242 $5,871,932 30.7%1 1.9x 1
The Central Valley Fund III (SBIC), LP 2017 $9,900,990 $2,772,277 $0 $2,431,805 N/M1 N/M 1
Tritium I, L.P. 2015 $8,663,366 $5,904,729 $94,223 $8,062,705 23.3%1 1.4x 1
Valor Equity Partners III L.P. 2013 $9,320,388 $7,195,136 $0 $9,348,669 9.6% 1.3x
Vistria Fund II, LP 2017 $14,851,485 $2,357,757 $0 $2,207,044 N/M1 N/M 1
  1. Not Meaningful: Funds with a vintage year of 2014 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.
  2. Partnership investment is using a cash adjusted market value.