Menlo Ventures XI
Menlo Ventures Vintage 2011 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 | $100M | $100M | $363M | $55M | 29.0% | 4.19x | 3.63x |
Paid in Distributed Remaining value
2011 vintage in Washington State Investment Board’s portfolio
All 11 funds of vintage 2011 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 | Menlo Ventures XI, L.P. | 29.0% | 4.19x | 3.63x |
| 2 | Hellman & Friedman Capital Partners VII, L.P. | 24.5% | 3.37x | 3.30x |
| 3 | GTCR Fund X, L.P. | 21.6% | 2.09x | 2.09x |
| 4 | Fisher Lynch Co-Investment Partnership II, L.P. | 16.8% | 2.24x | 1.94x |
| 5 | TPG Growth II, L.P. | 14.8% | 1.80x | 1.78x |
| 6 | Endeavour Capital Fund VI, L.P. | 14.7% | 2.21x | 2.21x |
| 7 | Blackstone Capital Partners VI, L.P. | 12.0% | 1.81x | 1.66x |
| 8 | BC European Capital IX, L.P. | 9.7% | 1.56x | 1.38x |
| 9 | Oaktree Opportunities Fund VIII-B, L.P. | 8.2% | 1.68x | 1.68x |
| 10 | KSL Capital Partners III, L.P. | 7.3% | 1.21x | 1.17x |
| 11 | Southern Cross Latin America Private Equity Fund IV, L.P. - WSIB Secondary | -25.6% | 0.22x | 0.22x |
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 Olympic Fund I | 2023 | 37.6% | 1.57x | Top 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 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.