USV 2019
Union Square Ventures Vintage 2019 Reported by Oregon State Treasury (OPERF)
What each LP reports
| LP | As of | Committed | Paid in | Distributed | Remaining value | Net IRR | TVPI | DPI | Paid in vs. value |
|---|---|---|---|---|---|---|---|---|---|
| Oregon State Treasury (OPERF) | 2026-03-31 | $15M | $12M | $18M | $15M | 29.7% | 2.72x | 1.47x |
Paid in Distributed Remaining value
2019 vintage in Oregon State Treasury (OPERF)’s portfolio
All 22 funds of vintage 2019 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.
| # | Fund | Net IRR | TVPI | DPI |
|---|---|---|---|---|
| 1 | USV 2019 | 29.7% | 2.72x | 1.47x |
| 2 | Genstar Capital Partners IX | 23.8% | 2.19x | 1.07x |
| 3 | Genstar IX Opportunities Fund I | 19.3% | 2.13x | 1.05x |
| 4 | Aquiline Oregon Co-Investment Fund | 15.5% | 1.99x | 0.74x |
| 5 | Bridgepoint Europe VI (Sidecar) | 14.6% | 1.95x | 1.02x |
| 6 | Aquiline Financial Services Fund IV | 11.7% | 1.58x | 0.59x |
| 7 | KSL Capital Partners V | 11.2% | 1.32x | 0.57x |
| 8 | Pathway Private Equity Fund III-Co Series A | 11.2% | 1.77x | 0.51x |
| 9 | Advent International GPE IX | 10.1% | 1.49x | 0.40x |
| 10 | Hellman & Friedman Capital Partners IX | 10.1% | 1.51x | 0.77x |
| 11 | Seventh Cinven Fund | 9.2% | 1.36x | 0.24x |
| 12 | GGV Discovery II | 6.2% | 1.39x | 0.00x |
| 13 | Permira VII | 6.1% | 1.31x | 0.25x |
| 14 | Advent Global Technology | 5.7% | 1.30x | 0.27x |
| 15 | ClearVue Partners III | 5.3% | 1.33x | 0.02x |
| 16 | Pathway Private Equity Fund III-Co Series B | 4.4% | 1.23x | 0.29x |
| 17 | Sherpa Healthcare Fund I | 4.1% | 1.21x | 0.15x |
| 18 | GGV Capital VII Plus | 1.9% | 1.11x | 0.10x |
| 19 | GGV Capital VII | 1.1% | 1.06x | 0.05x |
| 20 | USV Opportunity 2019 | -2.5% | 0.88x | 0.05x |
| 21 | ClearVue OPERF | -5.5% | 0.76x | 0.03x |
| — | Pathway Private Equity Fund III-Co Series G | N/M | 0.97x | 0.00x |
Other reported funds by this firm
| Fund | Vintage | Net IRR | TVPI | Versus vintage |
|---|---|---|---|---|
| USV 2024 | 2025 | N/M | 1.20x | |
| USV 2022 | 2022 | -1.8% | 0.96x | Bottom quartile |
| USV Climate 2022 | 2022 | -5.8% | 0.91x | Bottom quartile |
| USV Opportunity 2022 | 2022 | 13.9% | 1.26x | Top quartile |
| USV 2021 | 2021 | -7.3% | 0.77x | Bottom quartile |
| USV Climate 2021 | 2020 | 11.6% | 1.47x | Second quartile |
| USV Opportunity 2019 | 2019 | -2.5% | 0.88x | Bottom quartile |
| USV 2019 | 2018 | 30.4% | 2.80x | Top quartile |
| USV Opportunity 2019 | 2018 | -2.8% | 0.87x | Bottom quartile |
| USV 2016 | 2016 | 47.8% | 7.71x | Top quartile |
| USV 2014 | 2014 | 21.9% | 3.96x | Second quartile |
| USV Opportunity 2014 | 2014 | 39.2% | 6.07x | Top quartile |
| Union Square Ventures 2014 | 2014 | 21.7% | 3.91x | Second quartile |
| Union Square Ventures Opportunity 2014 | 2014 | 39.1% | 6.07x | Top quartile |
| Union Square Ventures 2012 | 2011 | 53.5% | 23.84x | Top quartile |
| Union Square Ventures 2012 Fund | 2011 | 53.4% | 23.75x | Top quartile |
| Union Square Ventures Opportunity Fund | 2010 | 58.4% | 3.58x | Top quartile |
| Union Square Ventures 2008 | 2008 | 20.8% | 4.35x | Top quartile |
| Union Square Ventures 2004 | 2004 | 66.9% | 13.82x | Top 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.