TCV IX

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

Los Angeles City Employees' Retirement System (LACERS): LACERS Private Equity Portfolio Performance Report, as of December 31, 2025. "Net IRR" and "Net TVPI" as printed in the fund-by-fund appendix of the Private Equity Portfolio Performance Report that LACERS posts semiannually (prepared on its private equity consultant's template; the cover gives www.aksia.com). The report defines TVPI as (cumulative distributions + fair market value) / cumulative contributions and labels IRRs of investments held less than two years "n.m."; 27 funds have no IRR (n.m., or "-" in the report) and 14 have no multiple ("-", mostly commitments with nothing contributed yet), all shown as blank. Dollar amounts are whole US dollars as reported (inception-to-date contributions and distributions). Total value = distributions + fair market value, and DPI = distributions / contributions, are computed. All 408 partnerships in the report are included: 305 active and 103 liquidated (no remaining fair market value), of which 23 are in LACERS' Specialized Portfolio and the rest in its Core Portfolio. LACERS counts 36 Credit/Distressed and 15 Natural Resources (energy) partnerships as private equity in this report, alongside buyout, growth equity, venture capital, secondaries, co-investment and fund-of-funds vehicles; its separate private credit and real estate reports are not imported. View source

Alaska Permanent Fund Corporation (APFC): APFC Private Equity Report: Private Equity Fund Commitments & Direct Investments / Co-Investments, as of December 31, 2025. APFC's quarterly Private Equity report ("Private Equity Fund Commitments & Direct Investments / Co-Investments") lists each fund with only its currency, "Vintage Year" and "Commitment (USD)", shown here in whole US dollars as printed. It reports no contributions, distributions, market value, multiple or IRR per fund, so paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. All 454 entries of the report's "Fund Investments" list are included ($17,570,561,197 committed); 15 have the vintage year "TBD" (blank here) and 45 are commitments in another currency that APFC states in US dollars. The report's separate "Direct Investments / Co-Investments" list (56 entries, $2,792,151,600: portfolio companies, co-investment vehicles and manager stakes) is not imported. The two lists add up to the report's printed Total Commitments of $20,362,712,795. For the whole portfolio, including liquidated investments, the report prints Cumulative Contributions of $20,951,089,446, Cumulative Distributions of $22,493,801,627 and a Remaining Fair Market Value of $15,555,575,745. APFC is a state-owned corporation that manages the Alaska Permanent Fund, not a pension plan; its separate Private Income report is not imported. View source

North Carolina Retirement Systems (NCRS): NCRS Market Value and Performance Report: NCRS Private Equity Portfolio, as of December 31, 2025. "IRR", "TVPI" and "DPI" as printed in the "NCRS Private Equity Portfolio" table of the calendar-year NCRS Market Value and Performance Report posted by the North Carolina Department of State Treasurer. The report's notes say returns are calculated using the internal rate of return methodology and "are reported net of fees", that TVPI is the ratio of cumulative distributions plus the valuation to cumulative paid-in, and that DPI is the ratio of cumulative distributions to cumulative paid-in. Dollar values are reported in thousands and shown here multiplied by 1,000. The table gives each fund's vintage, market value, commitment, unfunded commitment and distributions, but not contributions, so paid-in capital is blank; total value = distributions + market value is computed. A dash or "N/A" in the IRR or TVPI column is shown as blank (11 funds have no IRR, mostly commitments with little or nothing paid in). All 174 funds in the table are included (buyout, growth, venture, secondaries, co-investment and fund-of-funds vehicles as the Treasurer classifies them), of which 74 carry a liquidation year and no market value; the table's "Stock Distribution" and cash lines ($515,000 of market value) are not funds and are left out. The funds add up to the report's "Total Private Equity Portfolio" row: $6,802,884,000 market value, $16,595,939,000 commitments, $3,799,415,000 unfunded and $15,429,993,000 distributions. The Non-Core Real Estate, Opportunistic Fixed Income, Inflation Sensitive, Core Real Estate and Multi-Strategy tables in the same report are not imported. 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.