EQT Ventures III
EQT Ventures Vintage 2022 Reported by Orange County Employees Retirement System (OCERS)
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Orange County Employees Retirement System (OCERS) | 2025-12-31 | $25M | $20M | $0M | $28M | 20.6% | 1.40x | — |
Paid in Distributed Remaining value
2022 vintage in Orange County Employees Retirement System (OCERS)’s portfolio
All 25 funds of vintage 2022 in Orange County Employees Retirement System (OCERS)’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 | New Enterprise Associates 18 | 40.8% | 2.20x | — |
| 2 | Altor Fund VI | 37.4% | 1.30x | — |
| 3 | MPII-COI-NMI (Project Prince) | 23.4% | 1.90x | — |
| 4 | Investindustrial Growth III | 21.9% | 1.30x | — |
| 5 | EQT Ventures III | 20.6% | 1.40x | — |
| 6 | ArchiMed MED Platform II | 18.7% | 1.30x | — |
| 7 | HgCapital Genesis 10 A | 18.1% | 1.20x | — |
| 8 | PAI Partners VIII-1 SCSp | 18.1% | 1.30x | — |
| 9 | H.I.G. Advantage Buyout II | 18.0% | 1.40x | — |
| 10 | Advent International GPE X | 16.6% | 1.30x | — |
| 11 | NEA 18 Venture Growth Equity | 16.5% | 1.40x | — |
| 12 | Oak HC-FT Partners V-A | 14.0% | 1.20x | — |
| 13 | Enak Aggregator L.P. Co-Investment | 13.0% | 1.60x | — |
| 14 | Thoma Bravo Fund XV | 12.6% | 1.40x | — |
| 15 | Hg Saturn 3 A | 10.4% | 1.20x | — |
| 16 | Minerva Partners | 10.0% | 1.40x | — |
| 17 | Battery Ventures Fund XIV | 7.6% | 1.10x | — |
| 18 | Project Alpine Co-Invest Fund | 4.5% | 1.20x | — |
| 19 | Falcon Co-Investment Partners | 0.1% | 1.00x | — |
| 20 | H.I.G. Middle Market LBO Fund IV | -9.2% | 0.90x | — |
| 21 | H.I.G. Matrix Co-Investors | -36.1% | 0.20x | — |
| 22 | H.I.G. Technology Partners A | -40.6% | 0.20x | — |
| — | FSN Capital Compass I | N/M | 0.60x | — |
| — | Hellman & Friedman Capital Partners XI | N/M | — | — |
| — | TPG Healthcare Partners II | N/M | 1.30x | — |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| EQT Ventures II | 2019 | 6.7% | 1.30x | Third quartile |
About this data
Orange County Employees Retirement System (OCERS): OCERS Private Equity Portfolio Summary, as of December 31, 2025. "Net IRR" and "TVPI" as printed in the "Portfolio Summary by Status" of the quarterly OCERS - Private Equity Portfolio Report that OCERS posts on its website (the report's legend names Aksia LLC as its source). The report gives every amount in $ millions to one decimal; they are converted to whole dollars here, so each is rounded to the nearest $100,000: Total Commitment, Contributions and Distributions. Total value = Distributions + NAV is computed; DPI is left blank because amounts rounded to $0.1 million do not give a reliable ratio for small funds. Vintage is the report's "Vintage Year". The report marks the IRR of investments held less than 24 months "n.m." (not meaningful); 64 funds have no IRR (n.m., or "-" for commitments with nothing contributed yet) and 17 have no TVPI, all shown as blank. 12 funds' values are marked by the report as adjusted for contributions and distributions since the last valuation, which is before the report date. All 237 funds in the report are included: 211 active and 26 liquidated (no remaining NAV), adding up to the report's printed totals of $6.90 billion committed, $5.09 billion contributed and $5.39 billion NAV. OCERS's private equity portfolio as it reports it includes funds of funds, secondaries, co-investments and a few private credit funds; its separate Real Assets and Real Estate summaries 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.