Primary Venture Partners V
Primary Venture Partners Vintage 2025 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 | $54M | $2.7M | $0M | $2.5M | -7.5% | 0.92x | 0.00x |
Paid in Distributed Remaining value
2025 vintage in LACERA’s portfolio
All 12 funds of vintage 2025 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 | Dragoneer Opportunities Fund VII, L.P. | 65.6% | 1.66x | 0.00x |
| 2 | Primary Select IV, L.P. | 26.6% | 1.24x | 0.00x |
| 3 | PSC V (A), L.P. | 11.0% | 1.10x | 0.00x |
| 4 | BayHawk Capital Fund I, L.P. | 0.0% | 1.00x | 0.00x |
| 5 | Otro Capital Fund I-A, LP | -7.0% | 0.93x | 0.00x |
| 6 | Primary Venture Partners V, L.P. | -7.5% | 0.92x | 0.00x |
| 7 | Triton Fund 6 SCSp | -9.0% | 0.99x | 0.89x |
| 8 | Regal Healthcare Capital Partners IV, L.P. | -100.0% | 0.00x | 0.00x |
| — | Advent International GPE XI, L.P. | N/M | — | — |
| — | AE Industrial Partners IV, L.P. | N/M | — | — |
| — | Green Equity Investors X, L.P. | N/M | — | — |
| — | Sterling Investment Partners V, L.P. | 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 Select III | 2023 | 43.8% | 1.80x | Top quartile |
| Primary Venture Partners IV | 2023 | 81.0% | 2.85x | 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.