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Union Square Ventures 2012

Union Square Ventures Vintage 2011 Reported by Oregon State Treasury (OPERF)

Net IRR53.5%Oregon State Treasury (OPERF), as of March 31, 2026
TVPI23.84xTotal value / paid-in
DPI23.13xDistributions / paid-in
Versus vintageQ1Top quartile · #1 of 21

What each LP reports

LPAs ofCommittedPaid inDistributedRemaining valueNet IRRTVPIDPIPaid in vs. value
Oregon State Treasury (OPERF)2026-03-31$23M$23M$541M$16M53.5%23.84x23.13x

Paid in Distributed Remaining value

2011 vintage in Oregon State Treasury (OPERF)’s portfolio

All 21 funds of vintage 2011 in Oregon State Treasury (OPERF)’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

Union Square Ventures 2012: 53.5%Francisco Partners III: 22.9%Sofinnova Venture Partners VIII: 21.9%Fisher Lynch Co-Investment Partnership II: 16.8%Wellspring Capital Partners V: 15.2%TPG Growth II: 14.8%Green Equity Investors VI: 13.7%Vista Equity Partners Fund IV: 12.4%Blackstone Capital Partners VI: 12.0%Endeavour Capital Fund VI: 8.5%GGV Capital IV: 8.3%Oaktree Opportunities Fund VIIIb: 8.2%GSO Capital Opportunities Fund II: 8.1%KSL Capital Partners III: 7.3%OHA European Strategic Credit Fund: 7.2%Montauk TriGuard Fund V: 7.1%Oaktree European Principal Fund III (US): 4.5%Rhône Partners IV: 4.1%Avista Capital Partners III: 0.0%Capital International Private Equity Fund VI: -1.0%Opus Capital Venture Partners VI: -10.1%-10.1%53.5%
#FundNet IRRTVPIDPI
1Union Square Ventures 201253.5%23.84x23.13x
2Francisco Partners III22.9%3.44x3.31x
3Sofinnova Venture Partners VIII21.9%1.66x1.66x
4Fisher Lynch Co-Investment Partnership II16.8%2.23x1.93x
5Wellspring Capital Partners V15.2%1.68x1.60x
6TPG Growth II14.8%1.80x1.78x
7Green Equity Investors VI13.7%2.18x2.18x
8Vista Equity Partners Fund IV12.4%1.88x1.34x
9Blackstone Capital Partners VI12.0%1.80x1.66x
10Endeavour Capital Fund VI8.5%1.49x1.49x
11GGV Capital IV8.3%1.71x1.68x
12Oaktree Opportunities Fund VIIIb8.2%1.68x1.68x
13GSO Capital Opportunities Fund II8.1%1.17x1.17x
14KSL Capital Partners III7.3%1.20x1.17x
15OHA European Strategic Credit Fund7.2%1.39x1.39x
16Montauk TriGuard Fund V7.1%1.19x1.19x
17Oaktree European Principal Fund III (US)4.5%1.29x1.12x
18Rhône Partners IV4.1%1.18x0.94x
19Avista Capital Partners III0.0%1.00x1.00x
20Capital International Private Equity Fund VI-1.0%0.94x0.92x
21Opus Capital Venture Partners VI-10.1%0.64x0.64x

Other reported funds by this firm

FundVintageNet IRRTVPIVersus vintage
USV 20242025N/M1.20x
USV 20222022-1.8%0.96xBottom quartile
USV Climate 20222022-5.8%0.91xBottom quartile
USV Opportunity 2022202213.9%1.26xTop quartile
USV 20212021-7.3%0.77xBottom quartile
USV Climate 2021202011.6%1.47xSecond quartile
USV 2019201929.7%2.72xTop quartile
USV Opportunity 20192019-2.5%0.88xBottom quartile
USV 2019201830.4%2.80xTop quartile
USV Opportunity 20192018-2.8%0.87xBottom quartile
USV 2016201647.8%7.71xTop quartile
USV 2014201421.9%3.96xSecond quartile
USV Opportunity 2014201439.2%6.07xTop quartile
Union Square Ventures 2014201421.7%3.91xSecond quartile
Union Square Ventures Opportunity 2014201439.1%6.07xTop quartile
Union Square Ventures 2012 Fund201153.4%23.75xTop quartile
Union Square Ventures Opportunity Fund201058.4%3.58xTop quartile
Union Square Ventures 2008200820.8%4.35xTop quartile
Union Square Ventures 2004200466.9%13.82xTop quartile
UNION SQUARE 2016—N/M—
UNION SQUARE VENTURES 2008—N/M—
UNION SQUARE VENTURES 2012 FUND—N/M—
UNION SQUARE VENTURES 2014—N/M—
UNION SQUARE VENTURES OPPORTUNITY 2014—N/M—
UNION SQUARE VENTURES OPPORTUNITY FUND—N/M—

About this data

Oregon State Treasury (OPERF): Oregon Public Employees Retirement Fund Private Equity Portfolio, as of March 31, 2026. Net of fees: IRR and total value multiple as reported by Oregon State Treasury ("Figures are net of fees"). Dollar amounts are reported in $ millions to one decimal and converted to whole dollars. Investments held less than three years are labeled n.m. (shown as blank). 94 funds were sold by OPERF in the secondary market; their figures reflect OPERF's holding period only. 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.