New Enterprise Associates 10
New Enterprise Associates Vintage 2000 Reported by Washington State Investment Board, CalSTRS
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 | $110M | $110M | $124M | $4.5M | 2.3% | 1.17x | 1.13x | |
| CalSTRS | 2025-06-30 | $200M | $200M | $225M | $8.9M | 2.2% | 1.17x | 1.12x |
Paid in Distributed Remaining value
2000 vintage in Washington State Investment Board’s portfolio
All 18 funds of vintage 2000 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 | Nordic Capital Fund IV, L.P. | 33.2% | 2.82x | 2.82x |
| 2 | Fortress Investment Fund, L.P. | 25.6% | 2.34x | 2.34x |
| 3 | TPG Partners III, L.P. | 24.5% | 2.43x | 2.43x |
| 4 | BC European Capital VII, L.P. | 23.7% | 2.54x | 2.53x |
| 5 | GTCR Fund VII, L.P. | 21.8% | 2.36x | 2.36x |
| 6 | Madison Dearborn Capital Partners IV, L.P. | 13.9% | 1.75x | 1.75x |
| 7 | Welsh, Carson, Anderson & Stowe IX, L.P. | 11.2% | 1.66x | 1.66x |
| 8 | Warburg Pincus International Partners, L.P. | 10.5% | 1.82x | 1.82x |
| 9 | Boston Ventures VI, L.P. | 9.4% | 1.50x | 1.50x |
| 10 | Accel-KKR Company LLC | 8.2% | 2.32x | 2.32x |
| 11 | Spectrum Equity Investors IV, L.P. | 7.5% | 1.33x | 1.33x |
| 12 | Sprout Capital IX, L.P. | 5.7% | 1.42x | 1.42x |
| 13 | Francisco Partners, L.P. | 4.4% | 1.27x | 1.27x |
| 14 | Essex Woodlands Health Ventures Fund V, L.P. | 2.9% | 1.15x | 1.07x |
| 15 | New Enterprise Associates 10, L.P. | 2.3% | 1.17x | 1.13x |
| 16 | U.S. Venture Partners VII, L.P. | -2.5% | 0.70x | 0.70x |
| 17 | Mobius Technology Ventures VI, L.P. | -5.8% | 0.60x | 0.60x |
| 18 | TWCP, L.P. | -9.6% | 0.63x | 0.63x |
2000 vintage in CalSTRS’s portfolio
All 7 funds of vintage 2000 in CalSTRS’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 | BC Partners VII, L.P. | 23.9% | 2.55x | 2.54x |
| 2 | Permira Europe II | 23.5% | 1.99x | 1.99x |
| 3 | Nautic Partners V, L.P. | 16.8% | 2.09x | 2.09x |
| 4 | Blackstone Communications Partners I, LP | 6.5% | 1.25x | 1.25x |
| 5 | New Enterprise Associates 10, L.P. | 2.2% | 1.17x | 1.12x |
| 6 | VantagePoint Venture Partners IV | -0.5% | 0.96x | 0.96x |
| 7 | InterWest Partners VIII, L.P. | -6.8% | 0.58x | 0.57x |
Other reported funds by this firm
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
CalSTRS: CalSTRS Private Equity Portfolio Performance, as of June 30, 2025. Since-inception IRR as calculated by CalSTRS from its own cash flows with each partnership; CalSTRS does not label it net or gross; because it is computed from CalSTRS's own contributions and distributions, it is after the partnership's fees and carried interest. CalSTRS says IRRs in a partnership's first three years are not meaningful. CalSTRS reports no multiple: TVPI = (distributed + market value) / contributed and DPI = distributed / contributed are computed. IRR is blank for commitments with no capital contributed. 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.