Technology Crossover Ventures XII

About this data

District of Columbia Retirement Board (DCRB): DCRB Quarterly Private Investments Summary, as of March 31, 2026. "Net IRR" and the "Total Value/Paid-In" multiple (shown as TVPI) as printed in the Private Equity part of the Private Investments Summary that DCRB posts each quarter, a report produced by its custodian; the report does not define its columns. Both are "N/M" for 17 partnerships of recent vintages, shown as blank. Original Commitment, Paid-In Capital and Distributed Capital are reported in thousands of dollars (shown here multiplied by 1,000) and Valuation in whole dollars; total value = Distributed Capital + Valuation is computed. On 35 of the 38 rows with a multiple, the printed figure differs from (Distributed Capital + Valuation) / Paid-In Capital worked out from the columns shown (it is usually lower), which the report does not explain; for that reason DPI is not computed and is blank. The report has no total rows to check the list against. All 55 partnerships under its Private Equity heading are included as DCRB classifies them (42 Buyout, 10 Growth Equity, 1 Venture Capital and 2 fund-of-funds or secondary vehicles); its Private Real Estate, Infrastructure, Natural Resources and Private Credit parts are not imported. View source

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.