NYC Teachers' Retirement System

About this data

Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. Fund performance it reports is on each firm’s page. As of December 31, 2025. Source: Teachers' Retirement System of the City of New York Private Equity Quarterly Report (Public): Performance Summary by Investment. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

From the Private Equity Quarterly Report (Public) in the system's quarterly investment meeting package, prepared by its private equity consultant and published by the New York City Comptroller's Bureau of Asset Management with a one-quarter lag. The schedule's column is labeled "IRR", not net or gross; the report calls the portfolio figure in that column (11.02%) the "Portfolio Net IRR, net of General Partner fees and gross of Hamilton Lane fees", and says the calculations are made by the consultant from general partners' cash flows and valuations. TVPI is the printed "Multiple" (it equals (distributed capital + market value) / paid-in capital); total value = distributed capital + market value and DPI = distributed capital / paid-in capital are computed. Contributed is the report's "Paid-In Capital" and vintage its "Vintage Year". IRR is blank where the report prints N/M (42 funded investments; the report says performance for funds with less than 8 quarters of activity is not yet meaningful) or N/A (4 funded rows, which also have no multiple: NYCTRS - 2012 Emerging Manager Program; NYCTRS - 2015 Emerging Manager Program; NYCTRS - 2019 Emerging Manager Program; NYCTRS - Evergreen Emerging Manager Program); 21 commitments have nothing paid in yet, and 4 rows carry a negative market value as printed. All 185 rows of the schedule are included, as classified by the system (buyout, growth, venture, secondaries, co-investments and emerging manager program vehicles, each program being one row without the funds it holds); they add up to its printed Total Active Investments ($16,718,215,627 committed). Exited investments are reported only as one total ($5,073,642,420 committed) and are not included, nor are the 2 commitments the report lists as closed after the as-of date. Real estate, infrastructure and credit are reported separately and are not imported.