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
Argand Partners Fund, LP 2017 $14,851,485 $6,180,125 $34,946 $6,060,877 -4.2%1 1.0x 1
Avante Mezzanine Partners SBIC II, LP 2015 $14,563,107 $3,203,883 $0 $2,176,950 -23.1%1 0.7x 1
Crayhill Principal Strategies Fund LP 2017 $6,600,660 $4,058,034 $0 $3,979,521 N/M1 N/M 1
CRG Partners III (Holdings 2) L.P. 2016 $11,165,049 $5,559,969 $193,164 $6,404,773 10.1%1 1.2x 1
EIV Capital Fund II, LP 2014 $14,851,485 $3,634,984 $799,340 $5,216,795 23%1 1.4x 1
Gemspring Capital Fund I, LP 2017 $14,851,485 $1,358,369 $0 $841,719 N/M1 N/M 1
Juggernaut Capital Partners III, L.P. 2015 $8,663,366 $7,265,053 $159,302 $8,008,159 10.9%1 1.1x 1
Maranon Mezzanine Fund II, L.P. 2014 $9,223,301 $7,386,190 $894,470 $8,946,391 9%1 1.2x 1
Mill Point Capital Partners, L.P. 2017 $14,851,485 $2,433,190 $0 $2,204,834 N/M1 N/M 1
New Heritage Capital Fund 2014 $9,320,388 $4,560,692 $102,739 $4,089,841 -6%1 0.9x 1
NovaQuest Pharma Opportunities Fund IV, L.P. 2015 $9,320,388 $5,048,628 $0 $3,368,850 -25.1%1 0.7x 1
ParkerGale Capital, LP 2015 $14,851,485 $7,858,913 $87,755 $7,903,600 0.4%1 1.0x 1
Peak Rock Capital Credit Fund II, L.P. 2017 $2,970,297 $55,929 $30,251 $52,999 N/M1 N/M 1
Peak Rock Capital Fund II, LP 2017 $11,881,188 $567,215 $0 $530,286 N/M1 N/M 1
Peak Rock Capital Fund LP 2013 $9,223,301 $7,239,646 $4,850,553 $12,916,703 38.1%1 1.8x 1
Revelstoke Capital Partners Fund I, L.P. 2015 $14,851,485 $9,618,078 $243,655 $14,783,683 17%1 1.5x 1
Siris Partners II, L.P. 2012 $9,320,388 $6,926,516 $3,555,467 $10,289,893 18.8% 1.5x
Stellex Capital Partners LP 2015 $14,563,107 $3,613,965 $728,202 $6,414,363 34.1%1 1.8x 1
The Central Valley Fund III (SBIC), LP 2017 $9,900,990 $2,772,277 $0 $2,441,809 N/M1 N/M 1
Tritium I, L.P. 2015 $8,663,366 $4,596,901 $37,242 $5,763,863 15.8%1 1.3x 1
Valor Equity Partners III L.P. 2013 $9,320,388 $7,195,136 $0 $8,862,747 8.4%1 1.2x 1
Vistria Fund II, LP 2017 $14,851,485 $2,201,716 $0 $2,077,536 N/M1 N/M 1
  1. Not Meaningful: Funds with a vintage year of 2013 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.