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

Jessica Holsey, Principal
CalPERSReferrals@gcmlp.com
GCM Grosvenor
767 Fifth Avenue, 14th Floor
New York, NY  10153
(646) 362-3656

The table shows fund performance information for GCM Grosvenor Private Markets as of September 30, 2019.

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Fund Vintage Year Capital Committed Cash In Cash Out Cash Out & Remaining Value Net IRR Investment Multiple
Fund Vintage Year            
Aldrich Capital Partners Fund, LP 2018 $8,663,366 $2,804,750 $0 $3,353,632 N/M1 N/M 1
Arcadius (SW) Energy Capital, LP 2018 $14,851,485 $12,348,667 $0 $14,881,575 N/M1 N/M
Argand Partners Fund, LP 2017 $14,851,485 $9,548,771 $187,898 $11,021,946 8.8%1 1.2x
Avante Mezzanine Partners SBIC II, LP 2015 $14,563,107 $8,300,971 $0 $8,225,733 -0.5%1 1.0x
Crayhill Capital Management LP Master Co-Investment 2018 $3,300,330 $2,342,563 $1,316,511 $2,687,428 N/M1 N/M
Crayhill Principal Strategies Fund LP 2017 $6,600,660 $4,185,862 $508,387 $4,653,585 6%1 1.1x
CRG Partners III (Holdings 2) L.P. 2016 $11,165,049 $5,333,180 $390,263 $8,156,663 12.7%1 1.5x
EIV Capital Fund II, LP 2014 $14,851,485 $11,435,264 $3,156,564 $15,826,849 23.5% 1.4x
Gemspring Capital Fund I, LP 2017 $14,851,485 $4,348,344 $1,274,728 $8,876,334 80.3%1 2.0x
Grain Communications Opportunity Fund II, L.P. 2018 $19,801,980 $2,768,397 $0 $1,976,887 N/M1 N/M
HPH II FF, LP 2019 $34,653,465 $5,359,885 $0 $5,207,034 N/M1 N/M
Juggernaut Capital Partners III, L.P. 2015 $8,663,366 $8,353,332 $0 $9,895,806 7.3%1 1.2x
Kingswood Capital Opportunities Fund I, L.P. 2019 $34,653,465 $667,570 $0 $605,032 N/M1 N/M
Maranon Mezzanine Fund II, L.P. 2014 $9,223,301 $5,893,770 $4,773,390 $9,668,060 13.1% 1.6x
Mill Point Capital Partners, L.P. 2017 $14,851,485 $6,232,877 $0 $6,735,153 6.5%1 1.1x
New Heritage Capital Fund 2014 $9,320,388 $8,300,562 $473,979 $12,434,907 17.3% 1.5x
New Heritage Capital Fund III, L.P. 2019 $9,900,990 $2,014,700 $21,908 $2,001,645 N/M1 N/M
NHC III GCM Co-Investors, L.P. 2019 $4,950,495 $1,274,896 $16,824 $1,272,449 N/M1 N/M
NovaQuest Pharma Opportunities Fund IV, L.P. 2015 $9,320,388 $8,152,089 $0 $3,767,912 -30.4%1 0.5x
ParkerGale Capital, LP 2015 $14,851,485 $13,675,744 $87,755 $14,523,895 2.7%1 1.1x
Peak Rock Capital Credit Fund II, L.P. 2017 $2,970,297 $526,523 $213,610 $472,849 -21.8%1 0.9x
Peak Rock Capital Fund II, LP 2017 $11,881,188 $4,010,457 $1,964,305 $5,137,168 32.5%1 1.3x
Peak Rock Capital Fund LP 2013 $9,223,301 $7,946,117 $8,391,721 $13,818,991 26.8% 1.7x
Resolve Growth Partners Fund I, L.P. 2019 $14,144,271 $2,670,229 $0 $2,491,005 N/M1 N/M
Resurgens Technology Partners, L.P. 2018 $8,663,366 $2,498,829 $122,472 $2,639,007 N/M1 N/M
Revelstoke Capital Partners Fund I, L.P. 2015 $14,851,485 $13,630,402 $1,512,990 $23,223,468 16.1%1 1.7x
Reverence Capital Partners Opportunities Fund II, L.P. 2018 $14,851,485 $5,456,821 $0 $5,317,663 N/M1 N/M
Siris Partners II, L.P. 2012 $9,320,388 $7,721,660 $3,555,467 $11,121,376 12.6% 1.4x
Stellex Capital Partners LP 2015 $14,563,107 $9,129,144 $949,140 $15,884,555 31.2%1 1.7x
The Central Valley Fund III (SBIC), LP 2017 $9,900,990 $4,752,475 $0 $4,175,755 -7.5%1 0.9x
Tritium I, L.P. 2015 $8,663,366 $7,486,532 $1,687,221 $11,441,353 19.3%1 1.5x
Valor Equity Partners III L.P. 2013 $9,320,388 $8,827,451 $0 $14,085,367 12.9% 1.6x
Vistria Fund II, LP 2017 $14,851,485 $9,469,189 $413,405 $10,454,607 8.4%1 1.1x

1Not Meaningful: Funds with a vintage year of 2015 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.