Primary Venture Partners IV
Primary Venture Partners Vintage 2023 Reported by LACERA
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| LACERA | 2026-03-31 | $25M | $19M | $0M | $55M | 81.0% | 2.85x | 0.00x |
Paid in Distributed Remaining value
2023 vintage in LACERA’s portfolio
All 23 funds of vintage 2023 in LACERA’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 | Primary Venture Partners IV, L.P. | 81.0% | 2.85x | 0.00x |
| 2 | Primary Select III, L.P. | 43.8% | 1.80x | 0.17x |
| 3 | PSC Accelerator II | 30.3% | 1.61x | 0.03x |
| 4 | Silver Lake Partners VII, L.P. | 19.9% | 1.25x | 0.00x |
| 5 | Red Arts Capital Opportunity Fund I, L.P. | 16.1% | 1.31x | 0.12x |
| 6 | Wynnchurch Capital Partners VI, L.P. | 14.3% | 1.14x | 0.00x |
| 7 | CVC Capital Partners IX L.P. | 13.0% | 1.11x | 0.06x |
| 8 | Green Equity Investors IX, L.P. | 12.9% | 1.18x | 0.05x |
| 9 | NewView Capital Fund III, L.P. | 12.8% | 1.20x | 0.07x |
| 10 | Centerbridge Capital Partners V, L.P. | 8.3% | 1.08x | 0.00x |
| 11 | Montefiore Investment Expansion S.L.P. | 8.2% | 1.07x | 0.00x |
| 12 | Alpine Investors IX, LP | 6.7% | 1.09x | 0.00x |
| 13 | Montefiore Investment VI S.L.P. | 5.5% | 1.06x | 0.00x |
| 14 | KLC Fund II, L.P. | 4.1% | 1.04x | 0.01x |
| 15 | TSG9 L.P. | -2.2% | 0.97x | 0.05x |
| 16 | Clearhaven Fund II, L.P. | -9.1% | 0.92x | 0.00x |
| 17 | UCK Partners III, L.P. | -9.3% | 0.84x | 0.06x |
| 18 | STG VII, L.P. | -11.2% | 0.88x | 0.00x |
| 19 | Innovation Endeavors V LP | -12.7% | 0.84x | 0.00x |
| 20 | Alphi Capital I, L.P. | -13.0% | 0.88x | 0.00x |
| 21 | Clearlake Capital Partners VIII | -25.4% | 0.85x | 0.00x |
| 22 | Accel-KKR Capital Partners VII, L.P. | -43.6% | 0.72x | 0.00x |
| — | Hamilton Lane EM Program I Reserve | N/M | — | — |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Primary Select IV | 2025 | 26.6% | 1.24x | Top quartile |
| Primary Venture Partners V | 2025 | -7.5% | 0.92x | Third quartile |
| Primary Select III | 2023 | 43.8% | 1.80x | Top quartile |
| Primary Select Fund I | — | N/M | 1.73x | |
| Primary Select Fund II | — | N/M | 1.26x | |
| Primary Select Fund III | — | N/M | 1.80x | |
| Primary Select Fund IV | — | N/M | 1.22x |
About this data
LACERA: LACERA Private Markets Holding Report (Private Equity), as of March 31, 2026. "ITD IRR" (inception to date) and "Investment Multiple" as printed by LACERA, which does not label the IRR net or gross and does not say in the report how or by whom it is calculated or when it is not meaningful, so IRRs of very young funds are shown as printed. The Investment Multiple equals (distributions + market value) / contributions and is used as TVPI; total value = distributions + market value and DPI = distributions / contributions are computed. Dollar amounts are rounded to whole dollars. Only holdings LACERA classes as Private Equity are included (not its real estate, hedge fund, illiquid credit or real assets holdings). 9 commitments with nothing contributed yet have no market value, multiple or IRR, and 3 new commitments are listed without any amounts. 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.