Threshold Ventures II
Threshold Ventures Vintage 2016 Reported by Los Angeles City Employees' Retirement System (LACERS)
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System (LACERS) | 2025-12-31 | $10M | $9.8M | $3M | $22M | 14.4% | 2.57x | 0.31x |
Paid in Distributed Remaining value
2016 vintage in Los Angeles City Employees' Retirement System (LACERS)’s portfolio
All 20 funds of vintage 2016 in Los Angeles City Employees' Retirement System (LACERS)’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 | TA XII-A | 34.1% | 3.33x | 2.42x |
| 2 | Gilde Buy-Out Fund V | 25.8% | 2.47x | 2.23x |
| 3 | ABRY Heritage Partners | 25.7% | 2.06x | 1.51x |
| 4 | Bain Capital Double Impact Fund | 23.1% | 1.96x | 1.55x |
| 5 | Bain Capital Asia Fund III | 21.8% | 2.29x | 1.36x |
| 6 | EnCap Energy Capital Fund XI | 21.3% | 1.99x | 1.32x |
| 7 | TCV IX | 19.0% | 2.37x | 1.55x |
| 8 | Platinum Equity Capital Partners IV | 18.1% | 1.90x | 1.23x |
| 9 | Vista Foundation Fund III | 18.0% | 1.89x | 1.11x |
| 10 | Longitude Venture Partners III | 16.5% | 1.72x | 1.05x |
| 11 | Advent International GPE VIII B-2 | 15.4% | 2.09x | 1.49x |
| 12 | Vista Equity Partners Fund VI | 15.4% | 1.99x | 1.29x |
| 13 | Thoma Bravo Fund XII | 14.5% | 2.18x | 1.70x |
| 14 | Polaris Partners VIII | 14.4% | 1.94x | 1.05x |
| 15 | Threshold Ventures II | 14.4% | 2.57x | 0.31x |
| 16 | ABRY Senior Equity V | 11.8% | 1.59x | 0.81x |
| 17 | StepStone Secondary Opportunities III | 11.1% | 1.54x | 1.11x |
| 18 | Hellman & Friedman Capital Partners VIII | 10.1% | 1.75x | 0.81x |
| 19 | American Securities Partners VII | 8.4% | 1.53x | 1.01x |
| 20 | Harvest Partners VII | 8.1% | 1.42x | 0.93x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| Threshold Ventures IV | 2022 | N/M | — | |
| Threshold Ventures III | 2019 | N/M | — |
About this data
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
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.