Capital Link Funds
The Capital Link Funds are managed by GCM Grosvenor and focused on domestic emerging managers.
GCM Grosvenor
Jessica Holsey, Principal
767 Fifth Avenue, 14th Floor
New York, NY 10153
Phone: 646-362-3656
E-mail: CalPERSReferrals@gcmip.com
The table shows fund performance information for Capital Link Funds as of June 30, 2023.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | ||||||
| Avante Mezzanine Partners SBIC, L.P. | 2010 | $9,908,884 | $8,189,822 | $19,520,284 | $21,794,013 | 18.7% | 2.7x |
| Caltius Equity Partners II, L.P. | 2007 | $12,948,413 | $12,793,713 | $19,891,979 | $20,440,618 | 9.2% | 1.6x |
| Caltius Partners IV, L.P. | 2008 | $14,863,326 | $13,998,655 | $17,288,317 | $20,383,423 | 8% | 1.5x |
| Capital Point Partners, L.P. | 2008 | $17,255,635 | $17,585,779 | $12,511,174 | $17,427,587 | -0.1% | 1.0x |
| Centerview Capital, L.P. | 2008 | $39,635,535 | $32,411,524 | $70,332,619 | $71,933,912 | 14.3% | 2.2x |
| Chart Capital Partners II, LP | 2009 | $13,872,437 | $13,718,273 | $25,240,040 | $25,818,149 | 10.4% | 1.9x |
| Clearlake Capital Partners II, L.P. | 2009 | $39,635,535 | $37,784,048 | $72,825,731 | $72,910,730 | 16.2% | 1.9x |
| Comvest Investment Partners IV, L.P. | 2011 | $24,772,210 | $18,068,825 | $34,813,597 | $38,089,667 | 26.8% | 2.1x |
| Corinthian Equity Fund, L.P. | 2008 | $9,960,317 | $10,056,302 | $9,430,533 | $10,723,343 | 1.3% | 1.1x |
| Cressey & Company Fund IV, L.P. | 2009 | $24,772,210 | $23,214,212 | $50,587,323 | $50,648,666 | 20.3% | 2.2x |
| GenNx360 Capital Partners, L.P. | 2007 | $45,669,111 | $46,001,601 | $34,401,629 | $39,973,787 | -2.3% | 0.9x |
| GF Capital Private Equity Fund, L.P. | 2007 | $19,920,635 | $20,017,925 | $26,595,077 | $38,473,414 | 11.6% | 1.9x |
| Grey Mountain Partners Fund II, L.P. | 2010 | $9,908,884 | $9,749,856 | $3,871,973 | $3,908,768 | -24.7% | 0.4x |
| Halyard Capital Fund II, L.P. | 2008 | $19,920,635 | $18,292,221 | $22,127,530 | $29,194,025 | 6.8% | 1.6x |
| Hispania Private Equity II, L.P. | 2008 | $9,908,884 | $13,380,256 | $24,379,755 | $24,439,554 | 19.8% | 1.8x |
| Huntington Capital Fund II, L.P. | 2008 | $14,863,326 | $7,232,185 | $9,227,191 | $9,582,552 | 5.7% | 1.3x |
| IC Hospitality Fund, LP | 2009 | $8,928,098 | $8,990,240 | $4,854,210 | $4,886,063 | -16.9% | 0.5x |
| Intervale Capital Group, L.P. | 2008 | $20,462,367 | $18,585,738 | $44,073,897 | $44,090,550 | 17.8% | 2.4x |
| Leeds Equity Partners V, L.P. | 2009 | $24,900,794 | $22,023,035 | $57,915,823 | $60,501,964 | 19% | 2.7x |
| PALADIN III (CA), LP | 2008 | $29,880,952 | $32,439,258 | $83,429,048 | $94,698,269 | 14.7% | 2.9x |
| Quaker BioVentures II, LP | 2008 | $9,908,884 | $9,566,566 | $10,404,696 | $10,450,944 | 1.8% | 1.1x |
| St. Cloud Capital Partners II, L.P. | 2007 | $14,940,476 | $14,907,821 | $12,569,866 | $12,699,850 | -3.7% | 0.9x |
| StarVest Partners II, L.P. | 2008 | $19,869,201 | $19,815,587 | $11,702,044 | $11,702,044 | -6.9% | 0.6x |
| Tenex Capital Partners, LP | 2011 | $18,826,879 | $20,674,201 | $31,763,211 | $34,531,926 | 13.4% | 1.7x |
| The Column Group, L.P. | 2008 | $19,869,201 | $20,408,127 | $54,180,826 | $62,886,131 | 19.9% | 3.1x |
| Valor Equity Partners II, L.P. | 2007 | $9,960,317 | $9,370,124 | $37,852,522 | $37,852,522 | 23.6% | 4.0x |
| Vedanta Opportunities Fund, L.P. | 2008 | $19,817,768 | $20,190,506 | $3,159,220 | $3,345,760 | -17.3% | 0.2x |
| Vista Equity Partners Fund III, L.P. | 2007 | $59,761,905 | $65,615,674 | $150,652,517 | $153,246,774 | 25.5% | 2.3x |
| Vista Foundation Fund I, L.P. | 2009 | $19,817,768 | $17,713,185 | $62,459,751 | $63,964,105 | 36.4% | 3.6x |
1Not Meaningful: Funds with a vintage year of 2019 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.