Canaan XII
Canaan Partners Vintage 2020 Reported by LACERA
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| LACERA | 2026-03-31 | $100M | $94M | $5M | $96M | 2.4% | 1.08x | 0.05x |
Paid in Distributed Remaining value
2020 vintage in LACERA’s portfolio
All 21 funds of vintage 2020 in LACERA’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 | Sterling Investment Partners IV, L.P. | 27.5% | 1.51x | 0.66x |
| 2 | Ampersand CF, L.P. | 25.3% | 1.74x | 1.06x |
| 3 | One Rock Capital Partners Fund III, LP | 20.0% | 1.66x | 0.91x |
| 4 | Centerbridge Capital IV, L.P. | 16.2% | 1.46x | 0.63x |
| 5 | Summit Partners Europe Growth Equity Fund III, SCSP | 13.3% | 1.48x | 0.27x |
| 6 | GGV Capital VIII Plus, LP | 12.2% | 1.45x | 0.00x |
| 7 | Warren Equity Partners Fund III, LP | 11.7% | 1.54x | 0.08x |
| 8 | Montefiore Investment V S.L.P. | 11.5% | 1.43x | 0.04x |
| 9 | Green Equity Investors VIII, L.P. | 11.2% | 1.54x | 0.41x |
| 10 | Wynnchurch Capital Partners V LP | 10.7% | 1.43x | 0.26x |
| 11 | Thoma Bravo Discover Fund III, L.P. | 10.4% | 1.52x | 0.10x |
| 12 | Osceola Fund 1 L.P. | 9.7% | 1.56x | 0.00x |
| 13 | Clearlake Capital Partners VI | 9.6% | 1.46x | 0.25x |
| 14 | Silver Lake Partners VI, L.P. | 8.7% | 1.32x | 0.18x |
| 15 | CVC Capital Partners VIII, L.P. | 8.0% | 1.26x | 0.02x |
| 16 | STG VI, L.P. | 7.8% | 1.23x | 0.38x |
| 17 | GGV Capital VIII, LP | 7.4% | 1.28x | 0.00x |
| 18 | Thoma Bravo Fund XIV, L.P. | 5.8% | 1.22x | 0.33x |
| 19 | GGV Discovery III, LP | 3.5% | 1.12x | 0.09x |
| 20 | Southfield Capital III, L.P. | 3.1% | 1.09x | 0.03x |
| 21 | Canaan XII L.P. | 2.4% | 1.08x | 0.05x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Canaan XIII Healthcare Fund | 2024 | N/M | — | |
| Canaan XIII | 2024 | N/M | — | |
| Canaan XII | 2021 | N/M | — | |
| Canaan XI | 2017 | 12.1% | 2.00x | Third quartile |
| Canaan X | 2015 | N/M | — | |
| Canaan IX | 2012 | N/M | — | |
| Canaan IX | 2011 | N/M | — | |
| Canaan VIII | 2007 | N/M | — | |
| Canaan VII | 2005 | N/M | — | |
| Canaan Equity IX, X, XI, XII, XIII | — | N/M | — |
About this data
LACERA: LACERA Private Markets Holding Report (Private Equity), as of March 31, 2026. "ITD IRR" (inception to date) and "Investment Multiple" as printed by LACERA, which does not label the IRR net or gross and does not say in the report how or by whom it is calculated or when it is not meaningful, so IRRs of very young funds are shown as printed. The Investment Multiple equals (distributions + market value) / contributions and is used as TVPI; total value = distributions + market value and DPI = distributions / contributions are computed. Dollar amounts are rounded to whole dollars. Only holdings LACERA classes as Private Equity are included (not its real estate, hedge fund, illiquid credit or real assets holdings). 9 commitments with nothing contributed yet have no market value, multiple or IRR, and 3 new commitments are listed without any amounts. 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.