Sapphire Emerging Ventures VII
Sapphire Ventures Vintage 2025 Reported by CalSTRS
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| CalSTRS | 2025-06-30 | $125M | $10M | $0M | $11M | 11.2% | 1.08x | 0.00x |
Paid in Distributed Remaining value
2025 vintage in CalSTRS’s portfolio
All 22 funds of vintage 2025 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 | Blackstone Energy Partners IV | 94.6% | 1.41x | 0.00x |
| 2 | Francisco Partners Agility III LP | 32.7% | 1.33x | 0.00x |
| 3 | Sapphire Emerging Ventures VII | 11.2% | 1.08x | 0.00x |
| 4 | Blackstone Partners IX, L.P. | -8.7% | 0.91x | 0.00x |
| 5 | TA Associates XV LP | -13.1% | 0.87x | 0.00x |
| 6 | Tenex Capital Partners IV | -37.2% | 0.63x | 0.01x |
| — | Ares Special Opportunities III | N/M | — | — |
| — | Blackstone Partners Asia III | N/M | — | — |
| — | CVC Capital Strategic Opps III | N/M | — | — |
| — | FP Credit Partners III Aggregator, L.P. | N/M | — | — |
| — | Frazier Healthcare Growth XI | N/M | — | — |
| — | Hellman & Friedman Capital Partners XI | N/M | — | — |
| — | Hg Saturn 4 A LP | N/M | — | — |
| — | KKR North America XIV SCSp | N/M | — | — |
| — | Linden Capital Partners VI LP | N/M | — | — |
| — | Olympus Growth Fund VIII, L.P. | N/M | — | — |
| — | OrbiMed Royalty Credit Opps V | N/M | — | — |
| — | Peak Rock Capital Fund IV LP | N/M | — | — |
| — | Summit Partners GE XII | N/M | — | — |
| — | Thoma Bravo Discover Fund V | N/M | — | — |
| — | Thoma Bravo Fund XVI LP | N/M | — | — |
| — | Trident X LP | N/M | — | — |
About this data
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.