Foundry Group Next 2018 Partner Fund
Foundry Group Vintage 2019 Reported by Texas Municipal Retirement System
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Texas Municipal Retirement System | 2026-06-30 | $100M | $86M | $5.5M | $131M | 11.0% | 1.58x | 0.06x |
Paid in Distributed Remaining value
2019 vintage in Texas Municipal Retirement System’s portfolio
All 8 funds of vintage 2019 in Texas Municipal Retirement System’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 | Arcline Capital Partners LP | 43.6% | 4.26x | 1.44x |
| 2 | Northlane Capital Partners II LP | 29.6% | 3.44x | 2.61x |
| 3 | Providence Strategic Growth IV L.P. | 22.8% | 1.91x | 1.08x |
| 4 | Reverence Capital Partners Opportunities Fund II, L.P. | 21.3% | 2.31x | 1.04x |
| 5 | Searchlight Capital III, L.P. | 20.8% | 1.96x | 0.82x |
| 6 | Parthenon Investors VI, L.P. | 16.1% | 1.76x | 0.53x |
| 7 | FTV VI, L.P. | 14.3% | 1.78x | 0.81x |
| 8 | Foundry Group Next 2018 Partner Fund, L.P. | 11.0% | 1.58x | 0.06x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Foundry 2022 | 2022 | 3.7% | 1.07x | Third quartile |
| Foundry Group Next 2018 | 2018 | 11.4% | 1.71x | Third quartile |
| Foundry Group Next | 2016 | 5.0% | 1.44x | Bottom quartile |
| FOUNDRY GROUP NEXT 2018 | — | N/M | — | |
| FOUNDRY GROUP NEXT | — | N/M | — | |
| FOUNDRY GROUP SELECT FUND | — | N/M | — | |
| FOUNDRY VENTURE CAPITAL 2007 | — | N/M | — | |
| FOUNDRY VENTURE CAPITAL 2010 ANNEX | — | N/M | — | |
| FOUNDRY VENTURE CAPITAL 2010 | — | N/M | — | |
| FOUNDRY VENTURE CAPITAL 2013 | — | N/M | — | |
| FOUNDRY VENTURE CAPITAL 2016 | — | N/M | — |
About this data
Texas Municipal Retirement System: TMRS Private Investment Performance Since Inception (Private Equity), as of June 30, 2026. "Percentage Return" since inception as printed by TMRS for funds whose "Performance Methodology" is "IRR" (internal rate of return). TMRS does not label the IRR net or gross and does not say how or by whom it is calculated or when it is not meaningful, so IRRs of very young funds are shown as printed; it states that the information has not been prepared or approved by any manager or general partner and may not reflect their records. TMRS prints no multiple: total value = amount received + remaining value, TVPI = total value / amount invested and DPI = amount received / amount invested are computed from the reported whole-dollar columns. TMRS lists the date(s) of investment (the dates its commitments were completed, matching its Completed Investments Report) rather than a vintage year; the year of the earliest date is used as the vintage. 3 commitments are stated in euros and their committed amount is left blank (the invested, received and remaining amounts are in dollars). 9 commitments have nothing invested yet and so no IRR or multiples. 1 funded holding has no IRR because TMRS prints no return, or a time-weighted return, for it. Private Equity section only (as classified by TMRS; it includes venture, growth, buyout, co-investments and separately managed accounts); the Credit, Global Equity, Real Assets, Tactical Opportunities and Multi Asset Class sections 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.