1315 Capital Fund II
1315 Capital Vintage 2018 Reported by Los Angeles City Employees' Retirement System (LACERS)
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System (LACERS) | 2025-12-31 | $10M | $12M | $5.6M | $11M | 11.9% | 1.40x | 0.48x |
Paid in Distributed Remaining value
2018 vintage in Los Angeles City Employees' Retirement System (LACERS)’s portfolio
All 13 funds of vintage 2018 in Los Angeles City Employees' Retirement System (LACERS)’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.
| # | Fund | Net IRR | TVPI | DPI |
|---|---|---|---|---|
| 1 | Polaris Growth Fund | 35.7% | 3.12x | 1.40x |
| 2 | Thoma Bravo Discover Fund II | 21.3% | 2.23x | 1.26x |
| 3 | Thoma Bravo Fund XIII | 21.0% | 1.95x | 1.01x |
| 4 | P4G Capital Partners I | 19.5% | 1.72x | 0.38x |
| 5 | The Baring Asia Private Equity Fund VII | 18.8% | 1.67x | 1.06x |
| 6 | H&F Spock 1 | 15.9% | 2.77x | 0.94x |
| 7 | Roark Capital Partners II Side Car | 12.2% | 1.95x | 0.17x |
| 8 | 1315 Capital Fund II | 11.9% | 1.40x | 0.48x |
| 9 | Platinum Equity Small Cap Fund | 11.8% | 1.51x | 0.52x |
| 10 | Roark Capital Partners V | 11.7% | 1.60x | 0.26x |
| 11 | Oaktree Opportunities Fund Xb | 11.6% | 1.75x | 0.64x |
| 12 | ABRY Advanced Securities Fund IV | 6.3% | 1.21x | 0.67x |
| 13 | Vista Equity Partners Fund VII | 4.5% | 1.22x | 0.12x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| 1315 Capital Fund III | 2022 | -0.8% | 0.99x | Bottom quartile |
| 1315 Capital Fund | 2015 | 16.4% | 2.22x | Second quartile |
About this data
Los Angeles City Employees' Retirement System (LACERS): LACERS Private Equity Portfolio Performance Report, as of December 31, 2025. "Net IRR" and "Net TVPI" as printed in the fund-by-fund appendix of the Private Equity Portfolio Performance Report that LACERS posts semiannually (prepared on its private equity consultant's template; the cover gives www.aksia.com). The report defines TVPI as (cumulative distributions + fair market value) / cumulative contributions and labels IRRs of investments held less than two years "n.m."; 27 funds have no IRR (n.m., or "-" in the report) and 14 have no multiple ("-", mostly commitments with nothing contributed yet), all shown as blank. Dollar amounts are whole US dollars as reported (inception-to-date contributions and distributions). Total value = distributions + fair market value, and DPI = distributions / contributions, are computed. All 408 partnerships in the report are included: 305 active and 103 liquidated (no remaining fair market value), of which 23 are in LACERS' Specialized Portfolio and the rest in its Core Portfolio. LACERS counts 36 Credit/Distressed and 15 Natural Resources (energy) partnerships as private equity in this report, alongside buyout, growth equity, venture capital, secondaries, co-investment and fund-of-funds vehicles; its separate private credit and real estate reports are not imported. View source
Figures are as each LP reports them for its own investment, so they can differ between LPs because of timing, fees, and share class. Not investment advice.