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.

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
Accel-KKR SCP California Co-Invest, LP 2011 $4,859,040 $4,479,440 $4,395,395 $9,989,694 46.8% 2.2x
Accel-KKR Structured Capital Partners, L.P. 2011 $14,577,121 $14,310,148 $10,536,500 $19,678,243 13.9% 1.4x
Caltius Equity Partners II, L.P. 2007 $19,436,161 $17,182,319 $16,362,549 $31,027,860 10.6% 1.8x
Carpenter Community BancFund-A, L.P. 2008 $11,661,697 $11,305,162 $6,795,148 $18,938,168 8.7% 1.7x
Carpenter Community BancFund-CA, L.P. 2008 $7,774,465 $7,145,879 $6,196,557 $13,679,839 10.6% 1.9x
Claremont Creek Ventures II 2009 $4,859,040 $4,676,826 $2,567,345 $6,095,622 8.4% 1.3x
DBL Equity Fund - BAEF II, LP 2009 $9,718,081 $7,554,989 $3,688 $8,426,454 2.5% 1.1x
DFJ Frontier Fund II, L.P. 2007 $19,436,161 $18,464,353 $4,748,851 $18,265,628 -0.2% 1.0x
Energy Capital Partners II, L.P. 2010 $24,295,202 $8,222,910 $8,405,630 $14,233,777 18% 1.7x
GRP III Investors, L.P. 2009 $3,887,232 $4,262,413 $2,449,800 $7,717,202 12.4% 1.8x
GRP III, L.P. 2009 $5,830,848 $6,538,938 $3,292,725 $10,211,087 10.5% 1.6x
Huntington Capital Fund II, L.P. 2008 $14,577,121 $11,313,815 $8,433,145 $14,475,389 5.6% 1.3x
LLCP California Growth Fund, L.P. 2007 $38,094,876 $41,597,545 $43,126,301 $62,229,064 7.7% 1.5x
Pacific Community Ventures Partners III, LLC 2007 $9,718,081 $8,467,317 $1,331,017 $7,747,972 -1.4% 0.9x
RLH Investors II, L.P. 2007 $24,295,202 $23,562,551 $45,892,791 $56,964,464 20.1% 2.4x
Seidler Equity Partners IV, L.P. 2010 $11,661,697 $11,241,876 $18,697,997 $25,034,156 29.5% 2.2x
SEP IV California Co-Investment Fund, L.P. 2010 $7,774,465 $6,130,165 $11,907,734 $15,339,541 33% 2.5x
St. Cloud Capital Partners II, L.P. 2008 $14,577,121 $14,617,921 $8,613,356 $13,898,712 -1.2% 1.0x
Vance Street Capital, LLC 2008 $19,436,161 $15,718,676 $14,243,696 $24,378,399 12.5% 1.6x
  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.