Lerer Hippeau IX
Lerer Hippeau Vintage 2024 Reported by New Mexico State Investment Council
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| New Mexico State Investment Council | 2026-03-31 | $40M | — | — | — | -29.4% | 0.80x | — |
Paid in Distributed Remaining value
2024 vintage in New Mexico State Investment Council’s portfolio
All 27 funds of vintage 2024 in New Mexico State Investment Council’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 | Kinderhook Capital Fund 8, L.P. | 103.3% | 1.57x | — |
| 2 | J2 Ventures Argonne Fund, L.P. | 97.5% | 2.14x | — |
| 3 | Airbus Ventures Fund IV, L.P. | 66.2% | 1.88x | — |
| 4 | Outlander 3 Magellan, L.P. | 53.0% | 1.54x | — |
| 5 | SK Capital Partners VI, L.P. | 51.6% | 1.82x | — |
| 6 | Frazier Life Sciences Public Fund, L.P. | 49.4% | 1.34x | — |
| 7 | Mercer NMSIC Private Investments, L.P. | 38.4% | 1.44x | — |
| 8 | DCVC Climate Select, L.P. | 30.4% | 1.40x | — |
| 9 | Bain Capital Life Sciences Fund IV, L.P. | 28.4% | 1.13x | — |
| 10 | Bain Capital Special Situations Managed Account (N), L.P. | 25.5% | 1.46x | — |
| 11 | Next Frontier Venture Fund IV, L.P. | 20.2% | 1.23x | — |
| 12 | New Mountain Partners VII, L.P. | 18.4% | 1.16x | — |
| 13 | Bain Capital Special Situations Managed Account (N-CI), L.P. | 12.7% | 1.11x | — |
| 14 | Brightstar Capital Partners Fund III-A, L.P. | 4.5% | 1.04x | — |
| 15 | KPS Special Situations Fund VI, LP | 1.2% | 1.02x | — |
| 16 | M13 Ventures IV, L.P. | 0.9% | 1.01x | — |
| 17 | Builders Venture Capital III, L.P. | -1.6% | 0.99x | — |
| 18 | Dangerous Ventures New Mexico Fund I, L.P. | -6.3% | 0.94x | — |
| 19 | Upfront VIII, L.P. | -24.5% | 0.85x | — |
| 20 | Frontier Fund I Alpha, L.P. | -25.9% | 0.80x | — |
| 21 | TCG Labs Opportunity Fund I, L.P. | -28.6% | 0.85x | — |
| 22 | Lerer Hippeau IX, L.P. | -29.4% | 0.80x | — |
| — | American Securities Partners IX, L.P. | N/M | — | — |
| — | FHGB Santa Fe Partners, L.P. | N/M | — | — |
| — | Frazier Healthcare Growth Buyout Fund XI, L.P. | N/M | -0.95x | — |
| — | Monomoy Capital Partners V, L.P. | N/M | — | — |
| — | The Veritas Capital Fund IX, L.P. | N/M | 0.02x | — |
About this data
New Mexico State Investment Council: New Mexico State Investment Council Private Equity Performance Updates: Fund Summaries (Active Funds), as of March 31, 2026. Net IRR and net multiple since inception as printed in the fund summaries of the quarterly performance updates that Mercer prepares for the Council (data source given as Invient), published in the Council's public meeting materials. The fund summaries head the two columns "Net" (Multiple, IRR); their total rows equal the "Net Multiple" and "Net IRR" of active commitments in the reports' dashboards. The net multiple is used as TVPI. The fund summaries give only committed capital, exposure (NAV + unfunded), net multiple and IRR for each fund, so contributions, distributions, total value and DPI are blank; contributions and distributions are reported by program and strategy only. Committed capital is reported in $ millions to one decimal and converted to whole dollars. Vintage year is defined by the reports as the year of the fund's first cash flow. 27 of the newest funds are marked N/A or NM (not defined in the reports) and lack an IRR, a multiple or both. The IRR of The Veritas Capital Fund IX, L.P. is printed as "#######" (not readable) and is blank. Frazier Healthcare Growth Buyout Fund XI, L.P. is printed with a negative multiple, imported as printed. Two reports are combined: the National Private Equity Program (175 active funds, $11,121.7 million committed; 32 Venture Capital, 93 Buyout, 33 Growth, 17 Special Situations) and the Strategic Venture Capital Program and New Mexico Private Equity Investment Program (Legacy) (83 active funds, $2,346.3 million committed; 76 Fund Investments, 5 Co-Investment Funds, 1 Catalyst Fund, 1 Recovery Fund). The second report covers the Council's New Mexico-focused venture and private equity commitments, including its own co-investment, catalyst and recovery vehicles. Active funds only: liquidated and sold funds are reported in aggregate, not by fund. The Private Debt, Real Estate and Real Assets reports in the same materials 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.