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Technology Crossover Ventures IV

TCV Vintage 2000 Reported by Colorado Public Employees' Retirement Association (Colorado PERA)

Net IRR8.9%Colorado Public Employees' Retirement Association (Colorado PERA), as of December 31, 2025
TVPI—Total value / paid-in
DPI1.61xDistributions / paid-in
Versus vintageQ2Second quartile · #7 of 18

What each LP reports

LPAs ofCommittedPaid inDistributedRemaining valueNet IRRTVPIDPIPaid in vs. value
Colorado Public Employees' Retirement Association (Colorado PERA)2025-12-31$25M$24M$39M—8.9%—1.61x

Paid in Distributed Remaining value

2000 vintage in Colorado Public Employees' Retirement Association (Colorado PERA)’s portfolio

All 18 funds of vintage 2000 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.

Euroknights IV: 28.2%DLJ Merchant Banking Partners III: 20.4%Blackstone Communications Partners: 15.4%Colorado PERA Co-Investment 2000: 12.4%Spectrum Equity Investors IV: 10.8%Warburg Pincus International Partners: 10.0%Technology Crossover Ventures IV: 8.9%Phoenix Equity Partners III: 6.1%Sequel III: 5.5%Francisco Partners: 4.4%Columbia Capital Equity Partners III: 3.1%Sprout Capital IX: -1.1%JK&B Capital III: -5.3%Mobius/Softbank Technology Ventures VI: -5.8%Doughty Hanson & Co Technology Fund: -16.5%Venture Strategy Partners II: -18.1%Focus Ventures II: -19.1%HMTF Latin America II: -20.2%-20.2%28.2%
#FundNet IRRTVPIDPI
1Euroknights IV28.2%—2.28x
2DLJ Merchant Banking Partners III20.4%—1.65x
3Blackstone Communications Partners15.4%—1.33x
4Colorado PERA Co-Investment 200012.4%—2.00x
5Spectrum Equity Investors IV10.8%—1.24x
6Warburg Pincus International Partners10.0%—1.58x
7Technology Crossover Ventures IV8.9%—1.61x
8Phoenix Equity Partners III6.1%—1.36x
9Sequel III5.5%—1.47x
10Francisco Partners4.4%—1.30x
11Columbia Capital Equity Partners III3.1%—1.19x
12Sprout Capital IX-1.1%—0.95x
13JK&B Capital III-5.3%—0.73x
14Mobius/Softbank Technology Ventures VI-5.8%—0.59x
15Doughty Hanson & Co Technology Fund-16.5%—0.36x
16Venture Strategy Partners II-18.1%—0.52x
17Focus Ventures II-19.1%—0.49x
18HMTF Latin America II-20.2%—0.25x

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 II199775.9%—Top quartile
Technology Crossover Ventures I199534.6%—Second 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.