Lightspeed India Partners I
Lightspeed India Vintage 2015 Reported by Pennsylvania SERS
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Pennsylvania SERS | 2025-12-31 | $15M | $15M | $12M | — | N/M | — | 0.80x |
Paid in Distributed Remaining value
2015 vintage in Pennsylvania SERS’s portfolio
All 14 funds of vintage 2015 in Pennsylvania SERS’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 | Clearlake Capital Partners IV | 26.6% | 1.95x | 1.66x |
| 2 | JMI Equity Fund VIII | 26.4% | 2.45x | 1.95x |
| 3 | Francisco Partners IV | 25.1% | 2.92x | 2.42x |
| 4 | Insight Venture Partners IX | 23.0% | 4.12x | 2.70x |
| 5 | Ridgemont Equity Partners II | 18.3% | 1.87x | 1.51x |
| 6 | Centerbridge Capital Partners III | 13.1% | 1.53x | 1.16x |
| 7 | Advent Latin American Private Equity Fund VI | 12.8% | 1.87x | 1.04x |
| 8 | Primavera Capital Fund II | 8.0% | 1.65x | 0.60x |
| 9 | RRJ Capital Master Fund III | 7.6% | 1.22x | 0.95x |
| 10 | ADV Opportunities Fund I | 2.2% | 1.13x | 1.02x |
| — | ABRY Partners VIII | N/M | — | 1.30x |
| — | H.I.G. Brazil and Latin America Partners | N/M | — | 0.54x |
| — | Lightspeed India Partners I | N/M | — | 0.80x |
| — | H.I.G. Bayside Loan Opp. Fund IV | N/M | — | 0.90x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Lightspeed India Fund IV | — | N/M | — |
About this data
Pennsylvania SERS: SERS Quarterly Private Equity Board Update, Schedule of Investments by Sector, as of December 31, 2025. IRR and TVM (total value multiple) as reported by SERS in a quarterly update prepared by StepStone Group. The schedule's column is headed "IRR"; the report says "Net IRR is net of managers' fees, expenses, and carried interest" and that, unless otherwise indicated, performance is net of fees and expenses charged by the underlying investment but gross of StepStone vehicle/account fees and expenses. It also says the figures were prepared by StepStone on behalf of SERS and not provided by any general partner, and that IRR and TVM for certain vehicles may have been impacted by subscription-backed credit facilities. Total value = market value + distributions; TVPI is SERS's TVM recomputed to two decimals from the reported amounts (SERS prints one decimal) and DPI = distributions / contributions is computed. SERS marks some partnerships NM ("Not Meaningful", no rule stated) and leaves the TVM and IRR cells, and usually the market value, empty for 29 others; those fields are blank here. Covers the buyout, growth equity and special situations partnerships on the schedule; the Keystone Legacy Fund line (SERS's pooled non-core legacy funds) and the separate legacy private credit schedule are not included. Commitments to non-USD funds reflect current exchange rates. 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.