Hottub VC
Join free

Menlo Ventures VIII

Menlo Ventures Vintage 1999 Reported by Washington State Investment Board, Los Angeles City Employees' Retirement System (LACERS)

Net IRR-8.9%Washington State Investment Board, as of March 31, 2026
TVPI0.50xTotal value / paid-in
DPI0.50xDistributions / paid-in
Versus vintageQ4Bottom quartile · #19 of 21

What each LP reports

LPAs ofCommittedPaid inDistributedRemaining valueNet IRRTVPIDPIPaid in vs. value
Washington State Investment Board2026-03-31$50M$50M$25M$0M-8.9%0.50x0.50x
Los Angeles City Employees' Retirement System (LACERS)2025-12-31$18M$18M$9M$0M-8.9%0.50x0.50x

Paid in Distributed Remaining value

1999 vintage in Washington State Investment Board’s portfolio

All 21 funds of vintage 1999 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.

Silver Lake Partners, L.P.: 24.6%Astorg II, L.P.: 23.8%KKR European Fund, L.P.: 19.7%European Mezzanine Fund III, L.P.: 17.1%Vestar Capital Partners IV, L.P.: 13.4%Code, Hennessy & Simmons IV, L.P.: 12.1%OCM Opportunities Fund III, L.P.: 11.9%GTCR Capital Partners, L.P.: 10.8%Palamon European Equity, L.P.: 10.8%Madison Dearborn Capital Partners III, L.P.: 8.6%Apax Europe IV-A, L.P.: 7.2%Gryphon Partners II, L.P.: 4.6%U.S. Venture Partners VI, L.P.: 4.3%HarbourVest Partners VI - Partnership Fund: 3.6%Capital Resource Partners IV, L.P.: 2.0%Cypress Merchant Banking Partners II, LP: -1.4%Austin Ventures VII, L.P.: -2.8%Oak Investment Partners IX, L.P.: -6.3%Menlo Ventures VIII, L.P.: -8.9%Heritage Fund III, L.P.: -23.5%Telecom Partners III, L.P.: -40.6%-40.6%24.6%
#FundNet IRRTVPIDPI
1Silver Lake Partners, L.P.24.6%2.20x2.20x
2Astorg II, L.P.23.8%3.06x3.06x
3KKR European Fund, L.P.19.7%2.05x2.05x
4European Mezzanine Fund III, L.P.17.1%2.10x2.10x
5Vestar Capital Partners IV, L.P.13.4%1.76x1.76x
6Code, Hennessy & Simmons IV, L.P.12.1%1.56x1.56x
7OCM Opportunities Fund III, L.P.11.9%1.49x1.49x
8GTCR Capital Partners, L.P.10.8%1.44x1.44x
9Palamon European Equity, L.P.10.8%1.73x1.73x
10Madison Dearborn Capital Partners III, L.P.8.6%1.49x1.49x
11Apax Europe IV-A, L.P.7.2%1.35x1.35x
12Gryphon Partners II, L.P.4.6%1.17x1.17x
13U.S. Venture Partners VI, L.P.4.3%1.23x1.23x
14HarbourVest Partners VI - Partnership Fund3.6%1.23x1.23x
15Capital Resource Partners IV, L.P.2.0%1.12x1.12x
16Cypress Merchant Banking Partners II, LP-1.4%0.93x0.93x
17Austin Ventures VII, L.P.-2.8%0.81x0.81x
18Oak Investment Partners IX, L.P.-6.3%0.66x0.66x
19Menlo Ventures VIII, L.P.-8.9%0.50x0.50x
20Heritage Fund III, L.P.-23.5%0.48x0.48x
21Telecom Partners III, L.P.-40.6%0.11x0.11x

1999 vintage in Los Angeles City Employees' Retirement System (LACERS)’s portfolio

All 11 funds of vintage 1999 in Los Angeles City Employees' Retirement System (LACERS)’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

TPG Partners III: 24.4%Vestar Capital Partners IV: 13.4%OCM Opportunities Fund III: 11.9%Madison Dearborn Capital Partners III: 8.6%CGW Southeast Partners IV: 8.3%Alchemy Plan (City of Angels): 5.7%Chisholm Partners IV: 0.7%Austin Ventures VII: -2.8%Richland Ventures III: -3.0%Menlo Ventures VIII: -8.9%J.H. Whitney IV: -10.9%-10.9%24.4%
#FundNet IRRTVPIDPI
1TPG Partners III24.4%2.52x2.52x
2Vestar Capital Partners IV13.4%1.77x1.77x
3OCM Opportunities Fund III11.9%1.51x1.51x
4Madison Dearborn Capital Partners III8.6%1.52x1.52x
5CGW Southeast Partners IV8.3%1.54x1.54x
6Alchemy Plan (City of Angels)5.7%1.25x1.25x
7Chisholm Partners IV0.7%1.06x1.06x
8Austin Ventures VII-2.8%0.81x0.81x
9Richland Ventures III-3.0%0.85x0.85x
10Menlo Ventures VIII-8.9%0.50x0.50x
11J.H. Whitney IV-10.9%0.42x0.42x

Other reported funds by this firm

FundVintageNet IRRTVPIVersus vintage
Menlo Venture Select I202654.8%1.41xTop quartile
Menlo Ventures XVII202628.4%1.23x
Menlo Inflection IV202561.8%1.36xTop quartile
Menlo Ventures XVII202528.7%1.23xSecond quartile
Menlo Olympic Fund I202337.6%1.57xTop quartile
Menlo Ventures XVI202343.9%1.72xTop quartile
Menlo Inflection III202245.0%2.09xTop quartile
Menlo Ventures XV202016.0%1.80xTop quartile
Menlo Inflection II201910.7%1.64xThird quartile
Menlo Ventures XIV201714.7%2.12xThird quartile
Menlo Inflection I201612.3%2.48xSecond quartile
Menlo Ventures XII20159.4%1.88xBottom quartile
Menlo Ventures XI201129.0%4.19xTop quartile
Menlo Ventures X200610.4%2.06xTop quartile
Menlo Ventures IX20010.3%1.02xBottom quartile
Menlo Ventures VII1997135.6%4.71xTop quartile
Menlo Ventures VI199340.8%3.11x
Menlo Ventures IV198842.1%5.13x
Menlo Ventures III19837.2%1.57xThird quartile
Menlo Venture Partners19816.1%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

Los Angeles City Employees' Retirement System (LACERS): LACERS Private Equity Portfolio Performance Report, as of December 31, 2025. "Net IRR" and "Net TVPI" as printed in the fund-by-fund appendix of the Private Equity Portfolio Performance Report that LACERS posts semiannually (prepared on its private equity consultant's template; the cover gives www.aksia.com). The report defines TVPI as (cumulative distributions + fair market value) / cumulative contributions and labels IRRs of investments held less than two years "n.m."; 27 funds have no IRR (n.m., or "-" in the report) and 14 have no multiple ("-", mostly commitments with nothing contributed yet), all shown as blank. Dollar amounts are whole US dollars as reported (inception-to-date contributions and distributions). Total value = distributions + fair market value, and DPI = distributions / contributions, are computed. All 408 partnerships in the report are included: 305 active and 103 liquidated (no remaining fair market value), of which 23 are in LACERS' Specialized Portfolio and the rest in its Core Portfolio. LACERS counts 36 Credit/Distressed and 15 Natural Resources (energy) partnerships as private equity in this report, alongside buyout, growth equity, venture capital, secondaries, co-investment and fund-of-funds vehicles; its separate private credit and real estate reports 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.