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Technology Crossover Ventures I

TCV Vintage 1995 Reported by Colorado Public Employees' Retirement Association (Colorado PERA)

Net IRR34.6%Colorado Public Employees' Retirement Association (Colorado PERA), as of December 31, 2025
TVPI—Total value / paid-in
DPI2.40xDistributions / paid-in
Versus vintageQ2Second quartile · #3 of 10

What each LP reports

LPAs ofCommittedPaid inDistributedRemaining valueNet IRRTVPIDPIPaid in vs. value
Colorado Public Employees' Retirement Association (Colorado PERA)2025-12-31$3M$3M$7.2M—34.6%—2.40x

Paid in Distributed Remaining value

1995 vintage in Colorado Public Employees' Retirement Association (Colorado PERA)’s portfolio

All 10 funds of vintage 1995 in Colorado Public Employees' Retirement Association (Colorado PERA)’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

Mohr Davidow Ventures IV: 108.4%Warburg Pincus Ventures: 49.7%Technology Crossover Ventures I: 34.6%Morgan Holland One Liberty III: 28.3%HarbourVest Intl Pvt Equity Ptnrs II-Direct: 19.6%Apollo Investment Fund III: 10.4%Forstmann Little Sub Debt & Equity VI: 8.9%HarbourVest Intl Pvt Equity Ptnrs II-Partnership: 8.8%Cypress Merchant Banking Partners: 2.7%Franklin Capital Associates III: -6.6%-6.6%108.4%
#FundNet IRRTVPIDPI
1Mohr Davidow Ventures IV108.4%—13.69x
2Warburg Pincus Ventures49.7%—5.18x
3Technology Crossover Ventures I34.6%—2.40x
4Morgan Holland One Liberty III28.3%—3.74x
5HarbourVest Intl Pvt Equity Ptnrs II-Direct19.6%—1.90x
6Apollo Investment Fund III10.4%—1.44x
7Forstmann Little Sub Debt & Equity VI8.9%—1.23x
8HarbourVest Intl Pvt Equity Ptnrs II-Partnership8.8%—1.41x
9Cypress Merchant Banking Partners2.7%—1.22x
10Franklin Capital Associates III-6.6%—0.66x

Other reported funds by this firm

FundVintageNet IRRTVPIVersus vintage
TCV XII2024N/M—
Technology Crossover Ventures XII2024N/M—
TCV XII202233.4%1.28xTop quartile
TCV XI20214.0%1.15xBottom quartile
Technology Crossover Ventures XI20214.0%1.15xBottom quartile
TCV XI2020N/M—
TCV X201922.0%2.89xTop quartile
Technology Crossover Ventures X201922.0%2.98xTop quartile
TCV IX201618.0%2.11xSecond quartile
Technology Crossover Ventures IX201619.0%—Top quartile
TCV VIII2014N/M2.32x
Technology Crossover Ventures VIII201412.2%—Third quartile
TCV VIII2013N/M—
TCV VII2008N/M—
Technology Crossover Ventures VII200823.3%—Top quartile
TCV VII200722.7%2.93xTop quartile
TCV VI200612.4%1.58xTop quartile
Technology Crossover Ventures VI200612.3%—Top quartile
TCV VI200512.3%1.56xTop quartile
TCV V200410.6%1.85xThird quartile
Technology Crossover Ventures V200410.6%—Second quartile
Technology Crossover Ventures IV20008.9%—Second quartile
Technology Crossover Ventures II199775.9%—Top quartile
TCV IX—N/M—
TCV VII—N/M—
TCV VII, VIII, IX, X, XI, XII—N/M—
TCV VIII—N/M—
TCV Velocity Fund I—N/M—
TCV X—N/M—
TCV XI—N/M—
TCV XII—N/M—
Technology Crossover Ventures IX—18.0%2.14x
Technology Crossover Ventures IX: TCV Sports—9.0%1.88x
Technology Crossover Ventures VIII—11.8%2.27x
Technology Crossover Ventures X—22.0%2.76x
Technology Crossover Ventures XI—4.0%1.15x

About this data

Colorado Public Employees' Retirement Association (Colorado PERA): Colorado PERA Private Equity Holdings, as of December 31, 2025. The IRR is the column PERA heads "Colorado PERA's Since Inception IRR"; PERA does not label it net or gross. PERA states that the limited partnership recordkeeping, including the IRR, is maintained internally by PERA for each limited partnership, that its IRR calculation method may differ from the methods used by the general partners or other limited partners, and that none of the information has been reviewed or approved by the general partners. 5 partnerships are marked "NM" (not meaningful) and have no IRR. PERA lists each partnership's vintage year, capital committed ("original primary commitments"), capital contributed and capital distributed in whole dollars, and no fair value or multiple, so total value and TVPI are blank (PERA says disclosure for this asset class is limited to this information, as required by Colorado Revised Statute § 24-51-213(3)); DPI = capital distributed / capital contributed is computed, and is blank for the 5 partnerships whose capital distributed is printed as a negative amount. 41 partnerships carry PERA's footnote "Assets transferred subsequent to 2010 merger of Denver Public Schools Retirement System" and are listed under vintage year 2010, the year of the merger; their vintage is left blank. All 425 rows of PERA's Private Equity list are included, liquidated partnerships among them, as PERA classifies them (buyout, growth, venture, secondaries, co-investments and some credit, mezzanine and energy partnerships); its separate Alternatives, Hedge Funds and Real Estate lists 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.