Menlo Olympic Fund I
Menlo Ventures Vintage 2023 Reported by Washington State Investment Board
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Washington State Investment Board | 2026-03-31 | $225M | $180M | $0M | $283M | 37.6% | 1.57x | 0.00x |
Paid in Distributed Remaining value
2023 vintage in Washington State Investment Board’s portfolio
All 18 funds of vintage 2023 in Washington State Investment Board’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 | KKR Global Impact Fund II SCSp | 46.0% | 1.98x | 0.00x |
| 2 | Menlo Olympic Fund I, L.P. | 37.6% | 1.57x | 0.00x |
| 3 | PSG Europe II L.P. | 25.9% | 1.21x | 0.28x |
| 4 | TPG Healthcare Partners II, L.P. | 23.5% | 1.30x | 0.42x |
| 5 | The Rise Fund III, L.P. | 21.6% | 1.30x | 0.17x |
| 6 | Nordic Capital Fund XI, L.P. | 21.3% | 1.28x | 0.04x |
| 7 | New Mountain Partners VII, L.P. | 21.1% | 1.18x | 0.01x |
| 8 | TPG Partners IX, L.P. | 17.7% | 1.24x | 0.26x |
| 9 | PAI Europe VIII, L.P. | 15.3% | 1.28x | 0.00x |
| 10 | Providence Equity Partners IX L.P. | 13.9% | 1.14x | 0.32x |
| 11 | TowerBrook Investors VI, L.P. | 13.2% | 1.13x | 0.48x |
| 12 | TPG Asia VIII | 13.1% | 1.23x | 0.08x |
| 13 | Green Equity Investors IX, L.P. | 12.6% | 1.18x | 0.05x |
| 14 | Permira VIII | 11.1% | 1.23x | 0.04x |
| 15 | Francisco Partners VII, L.P. | 8.1% | 1.07x | 0.00x |
| 16 | TowerBrook Delta (Onshore), L.P. | 5.9% | 1.08x | 0.00x |
| 17 | KKR European Fund VI (USD) SCSp | 5.3% | 1.09x | 0.00x |
| 18 | Ara Fund III, LP | -12.7% | 0.83x | 0.01x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Menlo Venture Select I | 2026 | 54.8% | 1.41x | Top quartile |
| Menlo Ventures XVII | 2026 | 28.4% | 1.23x | |
| Menlo Inflection IV | 2025 | 61.8% | 1.36x | Top quartile |
| Menlo Ventures XVII | 2025 | 28.7% | 1.23x | Second quartile |
| Menlo Ventures XVI | 2023 | 43.9% | 1.72x | Top quartile |
| Menlo Inflection III | 2022 | 45.0% | 2.09x | Top quartile |
| Menlo Ventures XV | 2020 | 16.0% | 1.80x | Top quartile |
| Menlo Inflection II | 2019 | 10.7% | 1.64x | Third quartile |
| Menlo Ventures XIV | 2017 | 14.7% | 2.12x | Third quartile |
| Menlo Inflection I | 2016 | 12.3% | 2.48x | Second quartile |
| Menlo Ventures XII | 2015 | 9.4% | 1.88x | Bottom quartile |
| Menlo Ventures XI | 2011 | 29.0% | 4.19x | Top quartile |
| Menlo Ventures X | 2006 | 10.4% | 2.06x | Top quartile |
| Menlo Ventures IX | 2001 | 0.3% | 1.02x | Bottom quartile |
| Menlo Ventures VIII | 1999 | -8.9% | 0.50x | Bottom quartile |
| Menlo Ventures VII | 1997 | 135.6% | 4.71x | Top quartile |
| Menlo Ventures VI | 1993 | 40.8% | 3.11x | |
| Menlo Ventures IV | 1988 | 42.1% | 5.13x | |
| Menlo Ventures III | 1983 | 7.2% | 1.57x | Third quartile |
| Menlo Venture Partners | 1981 | 6.1% | 1.31x | |
| Menlo Inflection IV | — | N/M | — | |
| Menlo Special Opportunities Fund II | — | N/M | — | |
| Menlo Special Opportunities Fund III | — | N/M | — | |
| Menlo Ventures IX | — | N/M | — | |
| Menlo Ventures X | — | N/M | — | |
| Menlo Ventures XI | — | N/M | — | |
| Menlo Ventures XIV | — | N/M | — | |
| Menlo Ventures XV | — | N/M | — | |
| Menlo Ventures XVI | — | N/M | — | |
| Menlo Ventures XVII | — | N/M | — |
About this data
Washington State Investment Board: WSIB Private Equity Portfolio Performance Summary By Strategy, as of March 31, 2026. Net IRR as labeled by WSIB, calculated by Hamilton Lane from general partner cash flows and valuations and not confirmed by the general partners. TVPI is WSIB's total value multiple (B+C)/A recomputed to two decimals from the reported totals (WSIB prints one decimal). WSIB lists an initial investment date rather than a vintage year; its year is used as the vintage (blank for commitments not yet funded). Includes realized and legacy partnerships. 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.