Private Equity Program (PEP) Fund Performance Review (2024)

57 Stars Global Opportunities Fund 2 (CalPERS), LLC2009$500,000,000$523,966,350$485,554,935$808,614,8577.2%1.5x57 Stars Global Opportunities Fund, LLC2007$430,000,000$414,327,500$555,552,320$572,786,1195.9%1.4xAACP AP Investors, L.P.2007$14,108,080$14,957,430$16,898,666$16,976,9662.1%1.1xAACP China Growth Investors2007$50,000,000$52,040,183$83,160,811$84,221,3407.9%1.6xAACP India Investors B2007$5,000,000$5,255,629$18,761,837$21,037,84812.8%4.0xAACP India Investors C2009$5,000,000$5,269,076$2,213,113$8,894,9616.3%1.7xAACP India Venture Investors A2007$5,000,000$5,065,536$5,653,594$5,917,2972.4%1.2xAdvent Global Technology II Limited Partnership2022$150,000,000$56,302,574$0$72,806,017N/M¹N/M¹Advent International GPE IX Limited Partnership2019$550,000,000$514,285,156$54,978,033$773,341,61118.1%¹1.5x¹Advent International GPE V-D, L.P.2005$80,881,256$77,609,736$185,526,402$187,507,71242.7%2.4xAdvent International GPE VI-A, L.P.2008$500,000,000$502,306,204$1,006,375,016$1,046,490,11416.4%2.1xAdvent International GPE VII-C, L.P.2012$450,000,000$432,732,784$718,010,966$786,822,22013.4%1.8xAdvent International GPE VIII-B Limited Partnership2016$500,000,000$500,000,000$502,885,838$1,041,442,61417.6%2.1xAdvent International GPE X Limited Partnership2022$650,000,000$234,080,365$0$234,462,749N/M¹N/M¹AlpInvest Secondaries Fund (onshore) VII, L.P.2021$500,000,000$361,147,793$64,275,480$466,272,64624.2%¹1.3x¹Amberbrook IX LP2023$150,000,000$29,252,292$0$40,825,217N/M¹N/M¹AMZL, LP2023$150,000,000$68,618,831$0$68,430,730N/M¹N/M¹Apollo European Principal Finance Fund, L.P.2008$87,842,624$165,281,284$200,770,615$200,914,90711.9%1.2xApollo Investment Fund IV, L.P.1998$150,000,000$154,085,315$254,289,011$254,362,2948.5%1.7xApollo Investment Fund IX, L.P2019$550,000,000$511,098,896$208,157,545$775,066,74321.7%¹1.5x¹Apollo Investment Fund V, L.P.2001$250,000,000$388,164,138$779,054,066$779,054,06637.5%2.0xApollo Investment Fund VI, L.P.2006$520,000,000$866,357,105$1,218,417,644$1,227,229,2508.2%1.4xApollo Investment Fund VIII, L.P.2013$350,000,000$497,133,501$611,137,577$720,873,0489.4%1.5xApollo Investment Fund X, L.P.2023$225,000,000$43,417,541$3,526,747$43,201,797N/M¹N/M¹Apollo Special Opportunities Managed Account, L.P.2007$800,000,000$800,000,000$1,075,896,229$1,099,858,0173.8%1.4xArcLight Energy Partners Fund III, L.P.2006$200,000,000$212,312,180$314,980,433$314,980,4338.6%1.5xArcLight Energy Partners Fund IV, L.P.2007$250,000,000$255,794,752$388,365,992$388,847,67212.6%1.5xAres Corporate Opportunities Fund II, L.P.2006$200,000,000$224,934,390$371,763,173$371,763,17313.0%1.7xAres Corporate Opportunities Fund III, L.P.2008$400,000,000$512,078,628$1,059,418,691$1,060,955,68920.2%2.1xAres Corporate Opportunities Fund V, L.P.2017$425,000,000$473,176,080$217,559,535$636,037,8508.4%1.3xAres Corporate Opportunities Fund VI, L.P.2021$250,000,000$255,564,815$67,886,563$317,908,97817.1%¹1.2x¹Ares Corporate Opportunities Fund, L.P.2003$100,000,000$135,868,685$195,787,324$195,787,32412.8%1.4xArlington Capital Partners VI, L.P.2023$300,000,000$132,369,024$9,881,726$143,993,195N/M¹N/M¹Arsenal Capital Partners Growth LP2022$50,000,000$10,847,599$32,924$6,094,957N/M¹N/M¹Arsenal Capital Partners VI LP2022$150,000,000$44,082,594$28,594$34,295,808N/M¹N/M¹ASF VIII B L.P.2020$300,000,000$187,420,595$47,423,705$267,172,09319.2%¹1.4x¹Asia Alternatives Capital Partners II LP2008$48,933,451$50,367,880$123,172,175$128,153,22016.8%2.5xAsia Alternatives Capital Partners, LP2007$50,000,000$53,499,274$93,845,231$97,833,05311.2%1.8xAvenue Asia Special Situations Fund IV, L.P.2006$300,000,000$271,629,915$297,297,571$297,297,5712.0%1.1xAvenue Special Situations Fund IV, L.P.2006$150,000,000$150,000,000$212,523,413$212,523,4138.6%1.4xAvenue Special Situations Fund V, L.P.2007$400,000,000$473,059,573$607,116,534$607,116,53411.3%1.3xB Capital Global Growth III, L.P.2023$67,500,000$34,379,129$1,480,617$34,905,308N/M¹N/M¹Bain Capital Asia Fund V, L.P.2023$300,000,000$14,103,826$0$14,279,187N/M¹N/M¹Bain Capital Europe Fund VI, SCSp2023$164,904,000$18,261,713$0$14,454,169N/M¹N/M¹Bain Capital Insurance Fund, L.P.2023$125,000,000$19,361,722$0$42,553,634N/M¹N/M¹Bain Capital Tech Opportunities Fund II, L.P.2023$150,000,000$53,777,091$0$55,280,090N/M¹N/M¹Bain Capital Venture Coinvestment Fund IV, L.P.2023$150,000,000$15,000,000$0$17,525,346N/M¹N/M¹Bain Capital Venture Fund 2022, L.P.2023$150,000,000$21,760,572$0$18,104,651N/M¹N/M¹Baring Vostok Private Equity Fund IV L.P. / Supplemental2007$77,775,000$91,865,849$98,602,133$99,620,4651.5%1.1xBase10 Advancement Initiative II, L.P.2023$50,000,000$8,376,591$0$6,745,813N/M¹N/M¹Base10 Partners III, L.P.2022$50,000,000$16,074,371$0$13,666,738N/M¹N/M¹Bay State Partners, L.P.2022$250,000,000$91,142,091$0$100,574,155N/M¹N/M¹BC CLP INVESTORS, L.P.2023$600,000,000$348,764,444$0$360,337,533N/M¹N/M¹BDC III C LP2017$130,802,385$118,621,467$165,995,918$358,519,72038.8%3.0xBDC IV D LP2021$201,810,065$99,187,456$0$95,709,700-3.0%¹1.0x¹BE VI 'H' L.P.2019$392,318,931$370,697,383$34,716,851$599,922,13020.5%¹1.6x¹Bear Coast (CV) Fund, LP2023$200,000,000$168,000,000$0$180,748,915N/M¹N/M¹Bear Coast (Ventures) Fund, LP2023$150,000,000$104,864,448$0$107,463,559N/M¹N/M¹Bear Technology Fund, L.P.2021$100,000,000$65,092,900$0$58,018,584-4.7%¹0.9x¹Berkshire Fund X, L.P.2021$500,000,000$238,868,921$8,433,714$264,984,9949.8%¹1.1x¹Biogeneration Capital Fund V Cooperatief U.A.2023$22,073,056$1,365,642$0$923,375N/M¹N/M¹Birch Hill Equity Partners (US) III, LP2005$126,083,241$142,339,925$269,654,907$270,765,57312.1%1.9xBirch Hill Equity Partners (US) IV, LP2011$136,928,575$131,960,459$280,164,650$327,946,06115.1%2.5xBlackstone Capital Partners V L.P.2006$38,400,000$794,822,847$1,222,737,110$1,222,737,1107.8%1.5xBlackstone Capital Partners VI L.P.2011$375,000,000$543,502,335$860,713,708$971,375,16312.5%1.8xBlackstone Capital Partners VII, L.P.2016$375,000,000$526,082,339$541,736,503$896,320,68116.1%1.7xBlackstone Capital Partners VIII, L.P.2021$262,500,000$364,191,199$242,820,907$439,236,81216.1%¹1.2x¹Blackstone Communications Partners I L.P.2000$100,000,000$111,226,418$135,473,542$136,101,7856.5%1.2xBlackstone Core Equity Partners II, L.P.2021$1,000,000,000$301,467,312$7,789,295$398,069,13815.7%¹1.3x¹Blackstone Tactical Opportunities Fund - C L.P.2012$800,000,000$992,240,236$1,247,118,493$1,316,054,7909.0%1.3xBlackstone Tactical Opportunities Fund II - C L.P.2015$500,000,000$483,943,795$642,217,431$735,489,84213.2%1.5xBlackstone Tactical Opportunities Fund III-C (Surge) L.P.2019$500,000,000$460,757,837$120,615,451$577,231,88711.9%¹1.3x¹Blackstone Tactical Opportunities Fund III-C L.P.2018$175,000,000$352,353,015$284,684,395$451,620,97512.7%1.3xBlackwell Capital Partners, LP2023$411,093,396$366,108,463$0$361,931,259N/M¹N/M¹BOND III, LP2022$75,000,000$12,187,500$0$10,623,346N/M¹N/M¹Bridgepoint Europe III 'C' L.P.2015$26,475,009$16,760,648$18,381,496$19,941,6774.2%1.2xBridgepoint Europe III 'D' LP2005$194,356,899$191,932,333$225,152,544$234,435,0742.4%1.2xBridgepoint Europe IV 'B' L.P.2015$87,306,674$67,960,669$78,633,376$95,923,86612.8%1.4xBridgepoint Europe IV 'D' LP2008$398,705,789$391,605,384$545,055,720$610,675,0819.5%1.6xBRV Lotus Fund III, L.P.2022$100,000,000$98,419,619$450,253$149,559,002N/M¹N/M¹Butterfly II, LP2022$125,000,000$59,211,275$7,367,906$66,196,125N/M¹N/M¹BVP Forge Institutional L.P.2023$35,000,000$12,340,347$0$10,968,311N/M¹N/M¹CA Co-Investment Limited Partnership2022$650,000,000$599,810,000$0$665,535,525N/M¹N/M¹CA1 SPV, L.P.2023$650,000,000$33,414,167$0$35,692,329N/M¹N/M¹California Asia Investors, L.P.2008$150,000,000$149,525,841$624,262,196$638,557,06526.6%4.3xCalifornia Community Venture Fund, LLC2003$100,000,000$100,067,655$88,478,382$92,253,158-1.3%0.9xCalifornia Emerging Ventures II, LLC1999$1,339,569,396$1,391,089,668$1,718,145,285$1,718,145,2853.9%1.2xCalifornia Emerging Ventures IV, LLC2006$462,960,516$489,027,330$848,493,230$918,282,56311.9%1.9xCalifornia Emerging Ventures, LLC1999$952,944,894$1,096,189,129$1,270,832,900$1,270,832,9003.5%1.2xCalifornia Partners, L.P.2020$600,000,000$444,097,199$0$552,343,08816.0%¹1.2x¹CalPERS Clean Energy & Technology Fund, LLC2007$465,000,000$468,423,814$132,249,749$138,316,519-19.3%0.3xCalPERS Corporate Partners, LLC2001$500,000,000$533,507,990$831,997,162$831,997,4039.3%1.6xCalPERS Wellspring V, L.P.2011$24,975,000$26,705,187$45,777,591$55,371,12422.2%2.1xCanaan Gold Coast L.P.2023$100,000,000$10,500,000$0$10,220,179N/M¹N/M¹Capital Link Fund I, LLC2007$502,000,000$600,797,120$845,336,101$907,561,6337.7%1.5xCapital Link Fund II, LLC2008$435,000,000$472,470,381$771,028,675$797,293,19911.9%1.7xCapVest Equity Partners V SCSp2023$331,261,554$10,924,432$0$1,428,701N/M¹N/M¹Carlyle Asia Growth Partners III, L.P.2005$75,000,000$84,766,869$78,177,512$78,177,512-1.4%0.9xCarlyle Asia Partners III, L.P.2008$150,000,000$371,700,862$584,513,151$584,683,99612.0%1.6xCarlyle Asia Partners V, L.P.2018$125,000,000$194,848,573$157,144,548$261,822,30019.4%1.3xCarlyle Europe Partners II, L.P.2003$45,172,379$93,147,145$148,601,012$148,987,13119.7%1.6xCarlyle Europe Partners III, L.P.2007$253,840,299$460,698,733$742,052,497$745,059,09611.2%1.6xCarlyle Europe Partners V, S.C.Sp.2019$171,386,035$279,778,751$199,194,575$349,356,16812.1%¹1.2x¹Carlyle Mexico Partners, L.P.2005$25,000,000$30,874,091$37,552,281$37,552,2817.9%1.2xCarlyle Partners IV L.P.2005$300,000,000$315,731,007$665,380,421$665,380,42114.5%2.1xCarlyle Partners V, L.P.2007$800,000,000$1,067,512,609$1,723,850,656$1,762,773,68612.9%1.7xCarlyle Partners VI, L.P.2013$300,850,000$596,976,806$1,087,525,537$1,195,196,83416.2%2.0xCarlyle Partners VII, L.P.2018$300,000,000$600,164,954$484,294,767$847,342,25414.2%1.4xCarlyle Partners VIII, L.P.2022$375,000,000$199,943,196$17,488,686$207,080,490N/M¹N/M¹Carlyle Strategic Partners IV, L.P.2016$150,000,000$182,378,996$81,815,149$204,938,6205.4%1.1xCarlyle U.S. Equity Opportunities II, L.P.2015$200,000,000$221,258,586$239,112,775$379,450,63715.3%1.7xCDH Fund V, L.P.2014$200,000,000$228,726,902$255,142,103$327,719,9068.0%1.4xCedar Street Partners LP2021$500,000,000$239,600,652$0$325,921,77427.0%¹1.4x¹Centerbridge Capital Partners III, L.P.2015$150,000,000$201,784,363$190,759,829$337,710,50516.4%1.7xCerberus CAL II Partners, L.P.2017$500,000,000$423,762,376$519,446,914$917,302,08419.8%2.2xCerberus CAL III Partners, L.P.2019$500,000,000$459,893,511$15,408,997$374,147,258-8.1%¹0.8x¹Cerberus CP Partners LP2013$600,000,000$674,624,184$1,084,518,111$1,631,819,63818.4%2.4xCerberus Institutional Partners V, L.P.2012$400,000,000$479,288,769$767,521,291$955,004,48114.5%2.0xCerberus Supply Chain Fund, L.P.2023$200,000,000$12,779,361$0$7,579,605N/M¹N/M¹China Privatization Fund (Del), L.P.2006$100,000,000$69,317,995$133,415,962$133,415,96213.7%1.9xClayton, Dubilier & Rice Fund X, L.P.2018$150,000,000$161,431,596$182,006,538$378,872,72535.2%2.3xClayton, Dubilier & Rice Fund XI, L.P.2021$500,000,000$408,598,444$6,126,020$425,439,0142.8%¹1.0x¹Clearlake Capital Partners III, LP2012$50,000,000$70,596,517$201,138,284$203,445,52240.7%2.9xClearlake Capital Partners IV, L.P.2015$56,700,000$88,509,876$144,619,854$180,560,40328.8%2.0xClearlake Capital Partners V, L.P.2018$75,000,000$108,411,398$144,843,646$232,121,01139.2%2.1xClearlake Capital Partners VII, L.P.2022$350,000,000$202,474,482$941,316$227,272,999N/M¹N/M¹Clearlake Opportunities Partners (P), L.P.2015$56,700,000$81,576,634$55,934,072$108,150,1779.4%1.3xClearwater Capital Partners Fund I, L.P.2007$7,381,847$41,735,012$35,355,880$35,355,880-5.1%0.8xClearwater Capital Partners Fund III, L.P.2006$150,000,000$150,000,000$154,031,855$166,565,3691.5%1.1xClearwater ICPL Co-Investment Fund, L.P.2017$8,594,302$8,594,302$8,594,302$8,594,3020.0%1.0xCoastal Pacific Partners, L.P.2023$39,999,880$15,029,880$0$14,971,900N/M¹N/M¹Coefficient Capital Apex Fund I, LP2023$82,359,375$16,444,689$0$12,364,801N/M¹N/M¹Coller International Partners V-A, L.P.2006$375,000,000$322,288,690$442,974,725$443,104,0357.5%1.4xCrestline Pacific Co-Investment, L.P.2022$500,000,000$2,494,995$46,036$46,036N/M¹N/M¹Crosspoint Capital Fund II, LP2023$300,000,000$179,971,310$416,541$160,068,229N/M¹N/M¹CV Consortio Fund L.P.2023$404,000,000$354,460,050$0$454,126,933N/M¹N/M¹CVC Capital Partners Asia V L.P.2020$200,000,000$170,498,096$2,406,431$220,970,64818.2%¹1.3x¹CVC Capital Partners Strategic Opportunities Compounding Capital L.P.2017$1,001,443,766$1,061,995,845$567,103,985$1,810,661,38512.1%1.7xCVC Capital Partners VI, L.P.2014$574,487,728$664,346,349$847,893,221$1,332,412,30416.8%2.0xCVC Capital Partners VII (A) L.P.2018$557,970,794$556,773,828$279,894,352$1,049,225,95222.2%1.9xCVC Capital Partners VIII (A) L.P.2021$811,150,936$585,913,919$533,754$651,140,7748.8%¹1.1x¹CVC Credit Strategic Investment A L.P.2014$204,919,931$166,936,340$240,442,261$240,535,40319.6%1.4xCVC European Equity Partners III LP2001$200,000,000$234,497,567$595,574,634$609,248,55241.0%2.6xCVC European Equity Partners IV (D) L.P.2005$330,578,481$406,865,452$726,781,649$727,193,66817.2%1.8xCVC European Equity Partners Tandem Fund (B) L.P.2007$472,630,096$570,492,765$735,169,447$735,169,4476.8%1.3xCVC European Equity Partners V (B) L.P.2008$570,273,557$710,667,384$1,290,077,106$1,302,661,01816.4%1.8xDragoneer Opportunities Fund VI, L.P.2022$50,000,000$19,776,949$354,043$17,535,709N/M¹N/M¹DS Opportunities (C) LP2021$496,399,910$129,902,514$0$257,669,98746.0%¹2.0x¹EMAlternatives Investments, L.P.2007$100,000,000$116,746,149$125,981,335$138,613,8253.3%1.2xEQT IX (No.2) USD SCSp2021$750,000,000$786,523,551$97,439,308$891,052,3836.8%¹1.1x¹EQT X (No.2) USD SCSp2022$500,000,000$85,978,576$12,997,946$83,446,287N/M¹N/M¹Equip Opportunities Fund, L.P.2023$140,000,000$16,600,000$0$16,530,458N/M¹N/M¹Essex Woodlands Health Ventures Fund VIII, L.P.2008$125,000,000$127,644,136$111,021,861$111,021,861-2.5%0.9xFirst Reserve Fund XI, L.P.2006$500,000,000$570,173,986$390,721,510$390,855,954-9.4%0.7xFirst Reserve Fund XIII, LP2014$400,000,000$479,350,315$259,742,205$426,702,363-3.4%0.9xForbion Growth Opportunities Fund II Cooperatief U.A.2023$17,074,832$3,305,323$4,125,150$10,614,970N/M¹N/M¹Forbion Ventures Fund VI Cooperatief U.A.2023$175,838,219$19,949,491$0$16,833,215N/M¹N/M¹ForCal I Investment Fund C.V.2023$164,417,981$43,618,980$0$46,631,090N/M¹N/M¹Forecastle, L.P.2020$750,000,000$454,888,750$2,790,528$610,436,12816.6%¹1.3x¹Fourth Street Partners - CPS L.P.2021$500,000,000$450,215,826$18,152,374$589,479,07814.4%¹1.3x¹Francisco Partners Agility II, L.P.2020$50,000,000$39,325,000$0$53,959,72620.6%¹1.4x¹Francisco Partners II, L.P.2006$175,000,000$174,005,517$286,882,216$287,298,75910.4%1.7xFrancisco Partners III, L.P.2011$100,000,000$95,284,663$285,181,776$327,121,86723.2%3.4xFrancisco Partners VI, L.P.2021$250,000,000$230,125,000$25,944,169$294,658,60116.3%¹1.3x¹Francisco Partners VII, L.P.2023$450,000,000$3,375,000$0$0N/M¹N/M¹Francisco Partners, L.P.2000$50,000,000$52,654,785$66,630,510$66,630,5104.4%1.3xGC Customer Value Fund II, L.P.2023$280,494,000$76,732,842$232,327$82,877,088N/M¹N/M¹GCM Grosvenor DEM II, L.P.2014$250,000,000$261,081,700$205,119,625$443,910,91516.3%1.7xGCM Grosvenor DEM III, L.P.2019$550,000,000$434,579,130$89,276,085$689,438,51625.6%¹1.6x¹GCM Grosvenor DEM, L.P.2012$100,000,000$114,884,931$115,557,631$162,648,4359.8%1.4xGCM Grosvenor Elevate Fund, L.P.2023$500,000,000$23,502,677$0$17,699,003N/M¹N/M¹General Atlantic Managed Account2020$1,050,000,000$718,392,079$20,395,972$827,014,4227.3%¹1.2x¹General Catalyst Group XI - Health Assurance, L.P.2023$200,000,000$82,802,851$0$88,788,376N/M¹N/M¹Genstar Capital Partners X, L.P.2021$100,000,000$92,783,689$426,548$94,807,2802.1%¹1.0x¹Genstar Capital Partners XI, L.P.2023$200,000,000$769,707$0$411,679N/M¹N/M¹Genstar X Opportunities Fund I, L.P.2021$150,000,000$129,351,711$657,861$134,451,8443.3%¹1.0x¹Genstar XI Opportunities Fund I, L.P.2023$200,000,000$45,749,565$0$45,678,159N/M¹N/M¹Grain Communications Opportunity Fund IV-A, L.P.2023$200,000,000$2,290,582$0$0N/M¹N/M¹Grandval II, L.P.2019$1,050,000,000$614,463,959$0$1,008,505,76419.4%¹1.6x¹Grandval, L.P.2018$50,000,000$49,754,644$0$102,224,23728.4%2.1xGranTain Co-Invest L.P.2021$350,000,000$111,812,335$0$117,472,2612.6%¹1.1x¹Green Equity Investors CF II, L.P.2021$60,537,375$60,708,143$0$87,677,39519.9%¹1.4x¹Green Equity Investors CF, L.P.2021$186,639,450$171,831,949$99,714,900$230,962,44717.0%¹1.3x¹Green Equity Investors IX, L.P.2023$500,000,000$4,808,140$0$18,748,394N/M¹N/M¹Green Equity Investors V, L.P.2007$400,000,000$445,789,540$1,023,767,776$1,028,514,28518.5%2.3xGreen Equity Investors VIII, L.P.2020$600,000,000$537,161,419$8,315,218$678,575,79310.7%¹1.3x¹Greenbriar Equity Fund VI, L.P.2023$95,000,000$13,798,464$5,659$13,232,269N/M¹N/M¹Greenleaf Co-Invest Partners, L.P.2021$975,000,000$468,330,418$8,369,204$612,082,11813.8%¹1.3x¹GSO Energy Partners-C II LP2016$250,000,000$231,194,608$284,157,050$297,013,5068.0%1.3xGSO Energy Partners-C LP2013$400,000,000$476,805,414$384,650,412$413,600,157-3.5%0.9xH.I.G. Europe Middle Market LBO Fund, L.P.2021$109,138,310$27,768,014$580,271$42,326,50240.5%¹1.5x¹Healthcare and Fintech, L.P.2022$200,000,000$69,454,156$0$118,725,332N/M¹N/M¹Hellman & Friedman Capital Partners IX, L.P.2020$650,000,000$672,979,677$65,865,333$977,786,16614.2%¹1.5x¹Hellman & Friedman Capital Partners VI2007$600,000,000$612,793,602$1,121,320,404$1,121,320,40412.9%1.8xHellman & Friedman Capital Partners VII2011$300,000,000$286,896,670$901,416,976$972,500,00524.7%3.4xHellman & Friedman Capital Partners VIII, L.P.2016$500,000,000$515,414,830$272,194,222$910,346,13613.1%1.8xHellman & Friedman Capital Partners X, L.P.2021$1,000,000,000$720,345,792$2,707,901$836,149,1239.0%¹1.2x¹Hg Genesis 10 A L.P.2023$137,484,151$24,513,323$0$27,006,050N/M¹N/M¹Hg Mercury 4 A L.P.2023$55,216,476$350,080$0$0N/M¹N/M¹Hg Saturn 3 A L.P.2023$150,000,000$46,334,574$0$48,374,917N/M¹N/M¹HongShan Capital Growth Fund VII, L.P.2023$104,000,000$9,360,000$0$7,884,844N/M¹N/M¹HongShan Capital Seed Fund III, L.P.2022$12,000,000$3,000,000$0$2,590,080N/M¹N/M¹HongShan Capital Venture Fund IX, L.P.2022$32,000,000$4,480,000$0$3,520,819N/M¹N/M¹ICV Partners II, L.P.2005$31,220,000$40,135,407$62,039,828$62,039,82811.8%1.5xInnovation Opportunities, L.P.2023$400,000,000$96,945,208$0$105,268,517N/M¹N/M¹Insight Partners XI, L.P.2020$400,000,000$389,200,000$2,528,119$581,998,69114.6%¹1.5x¹Insight Partners XII Buyout Annex Fund, L.P.2021$150,000,000$113,280,208$0$137,112,23811.8%¹1.2x¹Insight Partners XII, L.P.2021$600,000,000$465,329,570$663,047$430,081,093-4.4%¹0.9x¹Insight Venture Partners Growth-Buyout Coinvestment Fund (B), L.P.2015$400,000,000$427,800,000$649,182,431$1,546,708,01328.8%3.6xInsight Venture Partners IX, L.P.2015$100,000,000$105,668,637$154,907,321$398,651,68825.1%3.8xInsight Venture Partners VI, L.P.2007$68,000,000$73,833,084$186,730,689$186,730,68919.2%2.5xInsight Venture Partners X, L.P.2018$250,000,000$261,808,718$158,569,314$688,422,14626.1%2.6xJade Equity Investors, L.P.2020$155,000,000$139,207,338$26,097,729$190,712,23322.3%¹1.4x¹K5 Private Investors, L.P.2021$150,000,000$82,523,221$4,423,378$94,227,0148.0%¹1.1x¹Khosla Ventures III, L.P.2009$200,000,000$199,100,000$357,151,161$379,001,34210.0%1.9xKhosla Ventures Seed, L.P.2009$60,000,000$60,000,000$12,484,329$91,273,9673.9%1.5xKKR 2006 Fund L.P.2006$400,000,000$595,407,172$940,567,238$940,702,6438.2%1.6xKKR Asian Fund II L.P.2013$350,000,000$643,030,972$596,911,003$745,556,6334.0%1.2xKKR Asian Fund IV SCSp2021$300,000,000$144,834,039$7,074,051$170,484,48410.8%¹1.2x¹KKR Asian Fund L.P.2007$272,575,591$355,648,095$601,148,863$601,148,86313.6%1.7xKKR European Fund II, L.P.2005$202,463,650$236,198,253$294,468,724$295,142,1413.9%1.2xKKR European Fund III, L.P.2008$315,645,080$420,900,950$590,797,902$594,906,8799.5%1.4xKKR European Fund V (USD) SCSp2020$300,000,000$277,031,379$50,990,934$355,314,43111.0%¹1.3x¹KKR North America Fund XIII SCSp2022$600,000,000$268,693,183$0$288,571,733N/M¹N/M¹KM Corporate Partners Fund II, LP2007$200,000,000$195,212,804$238,176,799$275,403,2085.9%1.4xKPS Special Situations Fund III, LP2007$175,000,000$244,861,859$428,425,837$428,425,83723.5%1.7xLightspeed Opportunity Fund II, LP2022$200,000,000$106,000,000$0$103,595,443N/M¹N/M¹Lightspeed Venture Partners Select V, L.P.2022$100,000,000$52,000,000$0$48,287,387N/M¹N/M¹Lightspeed Venture Partners XIV-A (Inception), L.P.2022$45,000,000$25,650,000$0$24,116,457N/M¹N/M¹Lightspeed Venture Partners XIV-B (Ignite), L.P.2022$55,000,000$24,200,000$0$30,203,042N/M¹N/M¹Lime Rock Partners IV, LP2006$43,000,000$47,917,078$139,501,029$139,598,74714.6%2.9xLindsay Goldberg IV, L.P.2015$250,000,000$215,489,951$350,716,630$461,258,76031.5%2.1xLindsay Goldberg V L.P.2020$250,000,000$179,341,819$34,359,941$259,618,00027.4%¹1.4x¹LongRange Capital Fund I, L.P.2020$1,500,000,000$596,671,976$3,123,450$663,931,3527.2%¹1.1x¹Lux Ventures VIII, L.P.2023$300,000,000$25,500,000$0$22,017,995N/M¹N/M¹Madison Dearborn Capital Partners IV, L.P.2000$150,000,000$174,113,440$311,241,724$311,241,72413.9%1.8xMadison Dearborn Capital Partners V, L.P.2006$300,000,000$351,612,894$541,196,542$544,054,6817.5%1.5xMadison Dearborn Capital Partners VIII, LP2020$400,000,000$318,074,791$68,271,400$372,771,81810.4%¹1.2x¹Magnolia Opportunities LLC2023$100,000,000$19,387,000$16,120,000$19,282,183N/M¹N/M¹Middlefield Road Private Opportunities Fund, L.P.2021$800,000,000$106,456,220$0$123,911,8356.9%¹1.2x¹Moreton Bay SPV, LP2023$930,000,000$903,228,612$0$878,870,344N/M¹N/M¹Muir Woods Partners, L.P.2023$250,000,000$40,119,600$0$39,991,832N/M¹N/M¹New Mountain CAS Continuation Fund, L.P.2021$90,723,142$80,071,838$24,834,130$98,538,21312.4%¹1.2x¹New Mountain Partners III, L.P.2007$400,000,000$470,815,270$1,054,284,551$1,069,972,41114.6%2.3xNew Mountain Partners VI, L.P.2021$600,000,000$474,092,579$5,790,546$585,874,94315.3%¹1.2x¹Newbridge Asia IV, L.P.2005$180,000,000$195,554,362$413,553,987$413,553,98716.8%2.1xNM Pacific, L.P.2021$310,000,000$248,474,332$595,276$304,675,73414.4%¹1.2x¹Nordic Bear SCSp2021$1,500,000,000$854,418,935$6,281,884$936,170,7235.8%¹1.1x¹Oak HC/FT Partners V, L.P.2022$200,000,000$28,927,348$248$30,583,001N/M¹N/M¹Oak Hill Capital Partners II, L.P.2004$75,000,000$86,882,356$137,312,167$137,312,1679.7%1.6xOaktree Latigo Investment Fund, L.P.2020$1,000,000,000$480,000,000$202,500,000$617,631,54710.8%¹1.3x¹Oaktree Opportunities Fund VIIIb, L.P.2011$200,000,000$200,000,000$295,374,146$334,453,8448.2%1.7xOHA Black Bear Fund, L.P.2020$1,000,000,000$260,000,000$150,495,050$383,915,26813.6%¹1.5x¹Onex Partners IV, L.P.2014$300,000,000$315,670,519$268,663,443$459,129,5418.1%1.5xOnex Partners V-B LP2018$500,000,000$448,982,585$59,191,927$622,066,21511.9%1.4xOrchard Park, L.P.2023$303,000,000$270,848,702$0$329,948,667N/M¹N/M¹PAG Asia I LP2012$100,000,000$120,789,383$203,018,942$226,030,88517.8%1.9xPAG Asia III LP2019$380,000,000$349,175,306$63,985,223$426,104,1858.6%¹1.2x¹Palladium Equity Partners III, L.P.2004$193,750,000$253,879,630$443,645,229$443,645,22915.5%1.7xPalladium Equity Partners V, L.P.2018$75,000,000$75,036,113$17,156,923$103,275,49911.7%1.4xPantheon Global Secondary Fund VII Feeder (US) LP2023$200,000,000$27,628,489$0$40,007,108N/M¹N/M¹Patient Square Equity Partners, LP2023$300,000,000$131,313,007$1,247,291$144,419,616N/M¹N/M¹Patria Brazilian Private Equity Fund V, L.P.2015$150,000,000$142,133,667$30,594,634$272,232,23815.5%1.9xPermira Europe III2004$126,989,866$126,989,866$219,524,851$219,614,32626.6%1.7xPermira Growth Opportunities I L.P. 12019$200,000,000$190,466,438$52,662,033$231,472,1538.0%¹1.2x¹Permira Growth Opportunities II SCSP2022$155,000,000$53,087,500$4,282,943$41,892,887N/M¹N/M¹Permira IV L.P.22006$285,697,956$354,598,629$492,791,364$561,921,3798.3%1.6xPermira V, L.P.2014$268,936,046$272,136,692$586,280,983$769,520,71921.4%2.8xPermira VI L.P. 12017$498,337,262$481,375,920$303,217,214$956,334,75917.7%2.0xPermira VII L.P.12020$622,833,431$594,664,132$45,924,193$699,479,4476.9%¹1.2x¹Permira VIII-2 SCSp2023$712,345,581$238,825,172$0$256,740,368N/M¹N/M¹Phoenix Bear Partners, L.P.2023$1,000,000,000$901,599,691$0$919,975,582N/M¹N/M¹Project Quail Opportunities, L.P.2022$600,000,000$296,994,399$0$321,289,966N/M¹N/M¹Prysm Capital Fund I, L.P.2023$100,000,000$96,388,345$0$73,219,170N/M¹N/M¹PSG Encore L.P.2022$100,000,000$32,870,283$73,985$31,320,674N/M¹N/M¹PSG Europe II L.P.2023$110,435,418$5,966,381$3,184$6,764,824N/M¹N/M¹PSG V L.P.2021$100,000,000$75,449,370$6,891,367$82,205,1218.6%¹1.1x¹Q-Street Capital, L.P.2021$400,000,000$307,786,876$0$343,492,26110.5%¹1.1x¹Red Admiral Fund LP2023$375,000,000$256,881,721$294,474$255,208,103N/M¹N/M¹Redwood Lane Capital, L.P.2022$700,000,000$352,922,225$0$503,038,747N/M¹N/M¹Redwood Opportunities SCSp2020$600,000,000$504,432,199$0$632,838,25812.5%¹1.3x¹Riverstone Global Energy and Power Fund V, L.P.2012$400,000,000$529,944,454$339,512,859$430,125,822-4.8%0.8xRiverstone Global Energy and Power Fund VI, L.P.2016$500,000,000$638,191,714$468,286,118$702,244,7032.8%1.1xRubicon Partners SCSp2023$492,944,513$179,553,030$0$186,126,820N/M¹N/M¹Sacramento Private Equity Partners, L.P.2006$605,000,000$526,746,906$932,484,828$1,022,055,09811.5%1.9xSAIF Partners III L.P.2007$100,000,000$127,020,773$154,724,815$220,333,1676.2%1.7xSAIF Partners IV L.P.2010$120,000,000$152,588,026$116,394,528$219,243,5704.8%1.4xSamson Partners, L.P.2020$238,801,883$172,155,918$22,795,314$245,690,52212.6%¹1.4x¹Sierra Partners, L.P.2020$150,000,000$61,156,195$19,290,698$76,774,24416.6%¹1.3x¹SignalFire Sage Fund, L.P.2023$100,000,000$10,051,341$0$9,929,869N/M¹N/M¹Silver Lake Partners II, L.P.2004$125,000,000$135,417,964$237,692,578$237,692,57811.0%1.8xSilver Lake Partners III, L.P.2007$480,000,000$612,547,822$1,157,822,443$1,181,029,35718.5%1.9xSilver Lake Partners IV, L.P.2013$320,000,000$377,157,684$514,365,403$999,253,94922.3%2.6xSilver Lake Partners V, L.P.2018$400,000,000$405,388,086$214,695,078$637,071,28413.8%1.6xSilver Lake Partners VI, L.P.2021$800,000,000$806,847,579$63,638,811$957,220,04010.9%¹1.2x¹Silver Lake Technology Investors IV, LP2013$80,000,000$86,323,465$148,527,045$287,439,19229.1%3.3xSilver Lake Technology Investors V, L.P.2018$100,000,000$94,160,033$60,196,702$173,227,00417.1%1.8xSiris Partners IV, L.P.2019$100,000,000$94,182,679$16,628,606$130,689,40811.8%¹1.4x¹SL SPV-1, L.P.2017$38,675,166$83,406,307$7,248,831$91,691,3261.6%1.1xSL SPV-2, L.P.2019$28,417,191$50,321,608$89,907,208$156,445,84627.9%¹3.1x¹SPRINGBLUE A, L.P.2021$50,000,000$31,375,000$0$26,046,428-11.5%¹0.8x¹SPRINGBLUE B, L.P.2021$50,000,000$40,875,000$0$38,481,486-3.5%¹0.9x¹Springblue B-III, L.P.2023$40,000,000$3,800,000$0$3,410,525N/M¹N/M¹SR One Capital Fund II-A, LP2023$90,000,000$32,407,790$2,153,445$27,656,179N/M¹N/M¹SR One Capital Opportunities Fund I, LP2023$71,531,250$13,200,773$31,591$12,065,833N/M¹N/M¹Summit Partners Growth Equity Fund X-A, L.P.2020$250,000,000$240,698,806$58,798,247$342,553,98818.0%¹1.4x¹Summit Partners Growth Equity Fund XI-A, L.P.2022$400,000,000$102,696,206$0$115,595,995N/M¹N/M¹Sunrise Boulevard PE Partners L.P.2021$500,000,000$358,496,022$0$419,447,58613.3%¹1.2x¹TA Select Opportunities Fund II-A, L.P.2021$50,000,000$30,500,000$0$29,127,955-4.0%¹1.0x¹TA XIV-A, L.P.2021$150,000,000$114,000,000$4,500,000$111,263,579-1.9%¹1.0x¹Tailwind Capital Partners (PP), LP2007$77,510,000$97,570,000$145,519,018$145,519,01811.2%1.5xTailwind Capital Partners II, LP2014$150,000,000$156,035,905$185,246,426$258,842,21411.8%1.7xTailwind Capital Partners III, L.P.2018$200,000,000$198,613,725$93,042,513$305,441,38619.2%1.5xTCC Opportunities, L.P.2021$700,000,000$358,566,743$38,316,323$436,850,53817.5%¹1.2x¹TCP II Co-Invest B, L.P.2015$50,000,000$57,176,158$50,942,105$117,524,79414.6%2.1xTCV X, L.P.2019$175,000,000$131,343,267$31,950,247$269,619,38221.6%¹2.1x¹TCV XI, L.P.2021$300,000,000$214,333,313$0$193,444,943-6.2%¹0.9x¹The Rise Fund (A), L.P.2018$75,000,000$80,987,918$41,210,438$123,697,43013.4%1.5xThe Rise Fund III, L.P.2023$100,000,000$31,159,544$0$30,550,043N/M¹N/M¹The Veritas Capital Fund VIII, L.P.2022$625,000,000$342,968,400$128,363$344,822,634N/M¹N/M¹Thoma Bravo Fund XIV, L.P.2021$600,000,000$590,862,589$78,139,580$681,256,3926.4%¹1.2x¹Thoma Bravo Fund XV, L.P.2022$600,000,000$427,818,403$130,010$476,875,324N/M¹N/M¹Thomas H. Lee Equity Fund VI, L.P2006$240,000,000$402,954,172$556,367,009$556,367,0097.0%1.4xThree Pillars Flex Opportunities Fund, LP2023$200,000,000$53,000,000$0$52,305,685N/M¹N/M¹Thrive Capital Partners VIII Growth, L.P.2023$300,000,000$148,291,892$0$171,443,436N/M¹N/M¹Tiger Global Private Investment Partners XV, L.P.2022$300,000,000$270,000,000$0$182,984,561N/M¹N/M¹Timber Coast Private Opportunities, L.P.2023$300,000,000$34,988,337$0$35,885,262N/M¹N/M¹Top Castle Sidecar VII, L.P.2020$500,000,000$109,776,852$39,515,962$183,789,60435.5%¹1.7x¹TowerBrook Investors II, L.P.2005$200,000,000$195,738,362$326,688,901$327,971,31510.1%1.7xTowerBrook Investors IV (Onshore), L.P.2013$380,000,000$314,136,183$397,134,221$625,410,18517.9%2.0xTowerbrook Investors V (Onshore) LP2019$400,000,000$402,393,838$45,696,336$510,556,14512.6%¹1.3x¹Towerbrook Structured Opportunities Fund (Onshore), L.P.2016$221,786,667$285,134,113$211,091,184$361,620,9088.0%1.3xTowerbrook Structured Opportunities Fund II (Onshore) LP2019$250,000,000$212,501,970$69,371,812$263,452,28113.5%¹1.2x¹TPG Asia V, L.P.2007$360,000,000$350,599,460$485,816,529$503,438,9876.3%1.4xTPG Biotechnology Partners II, L.P.2006$70,000,000$71,952,784$86,914,132$86,914,1322.9%1.2xTPG Biotechnology Partners III, L.P.2008$100,000,000$100,076,482$187,770,846$234,617,03011.9%2.3xTPG Golden Bear Partners, L.P.2019$500,000,000$484,183,925$41,206,194$803,032,48321.4%¹1.7x¹TPG Growth IV, L.P.2018$75,000,000$81,309,363$37,826,945$124,115,83714.7%1.5xTPG Growth V, L.P.2021$200,000,000$190,161,821$22,841,788$246,746,29217.3%¹1.3x¹TPG Healthcare Partners, L.P.2019$100,000,000$97,219,072$26,062,909$130,278,87219.3%¹1.3x¹TPG Partners IV, L.P.2003$200,000,000$225,811,661$428,892,245$429,200,97415.3%1.9xTPG PARTNERS IX, L.P.2023$300,000,000$75,381,770$48,316$77,015,617N/M¹N/M¹TPG Partners V, L.P.2006$600,000,000$811,329,685$1,006,586,349$1,007,193,0293.7%1.2xTPG Partners VIII, L.P.2019$150,000,000$385,557,436$327,486,624$511,656,09224.2%¹1.3x¹TPG STAR, L.P.2007$150,000,000$171,879,025$206,101,044$221,385,4596.3%1.3xTPG Tech Adjacencies II, L.P.2023$200,000,000$97,212,496$687,459$98,183,304N/M¹N/M¹Triangle Investment Opportunities, L.P.2023$662,000,000$652,049,873$0$652,862,446N/M¹N/M¹Trident IX, L.P.2022$500,000,000$232,014,904$0$255,517,113N/M¹N/M¹Trident VI2014$250,000,000$267,182,116$427,017,068$715,098,89022.6%2.7xTrident VII, L.P.2017$270,000,000$321,201,903$160,890,475$655,058,99020.2%2.0xTrident VIII, L.P.2020$400,000,000$383,142,888$37,923,717$538,660,92914.0%¹1.4x¹Triton Fund IV L.P.2013$91,934,213$105,753,255$101,173,457$148,381,3809.1%1.4xTriton Fund V, LP2019$282,507,755$225,356,676$53,989,233$341,307,01018.2%¹1.5x¹Valor Equity Partners IV L.P.2017$75,000,000$73,929,098$6,509,418$184,134,34420.5%2.5xValor Equity Partners VI L.P.2023$300,000,000$102,286,728$0$102,337,953N/M¹N/M¹Vicente Capital Partners Growth Equity Fund, L.P.2007$40,422,297$40,801,085$56,560,761$56,960,7305.7%1.4xVIP IV LP2020$303,835,130$246,086,649$0$289,582,94510.6%¹1.2x¹VIP V S.C.Sp.2023$331,486,890$25,730,272$1,496,305$19,398,811N/M¹N/M¹Vista Equity Partners Fund VII-Z, L.P.2019$400,000,000$381,483,806$41,570,525$477,044,8577.9%¹1.3x¹W Capital Partners II, L.P.2007$141,125,000$140,777,821$196,424,678$196,424,67810.3%1.4xWCAS XIII, L.P.2019$400,000,000$376,241,237$148,814,466$569,428,06117.3%¹1.5x¹WCAS XIV, L.P.2022$400,000,000$104,341,626$0$85,041,807N/M¹N/M¹Welsh, Carson, Anderson & Stowe XI, L.P.2009$125,000,000$125,000,000$201,830,558$210,235,50811.6%1.7xWelsh, Carson, Anderson & Stowe XII, L.P.2015$350,000,000$350,162,050$578,699,880$870,834,32526.4%2.5xWhitney Global Partners L.P.2021$812,907,099$560,366,182$493,241$649,308,94811.0%¹1.2x¹Wigmore Street (BDC III) LP2017$32,723,247$30,733,886$41,290,438$91,915,35736.1%3.0xWigmore Street BDC IV Co-Investment No.1 LP2021$50,005,499$31,025,178$0$31,425,4171.4%¹1.0x¹Wigmore Street Co-investment No. 1 LP2016$99,507,109$93,696,159$156,979,474$209,381,36823.3%2.2xWigmore Street VI Co-Investment No. 1 LP2019$98,966,212$96,673,167$2,569,508$161,044,82618.3%¹1.7x¹Yucaipa American Alliance Fund I, L.P.2002$200,000,000$314,764,188$352,867,991$352,867,9913.1%1.1xYucaipa American Alliance Fund II, L.P.2008$400,000,000$560,638,831$609,366,269$945,505,1827.9%1.7xYucaipa Corporate Initiatives Fund I, L.P.2001$200,000,000$288,655,697$220,089,977$225,173,992-3.7%0.8xYucaipa Corporate Initiatives Fund II, L.P.2008$93,539,524$91,400,621$81,687,571$82,827,002-1.3%0.9x