Professional Documents
Culture Documents
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
TotalValue
Vintage
Year
Partnership
1981
KKR1980RelatedFund
1983
KKR1982Fund
1984
1985
1986
KKR1986Fund
$98.3
1987
KKR1987Fund
$726.7
1990
AsiaPacificTrust
$12.8
$13.5
1990
HarbourVestInt'lPEP
$25.0
$25.0
$44.2
$0.0
1.77x
11.1%
1990
Zell/ChilmarkFund
$25.0
$29.1
$63.9
$0.0
2.41x
17.9%
1991
Joseph,Littlejohn&LevyFund
$30.0
$33.2
$86.5
$0.0
2.66x
33.4%
1991
ProvidenceMediaPartners
$50.0
$62.2
$212.3
$0.0
3.65x
35.2%
1991
TCWSpecialCreditsFundIII
$50.0
$50.0
$103.3
$0.0
2.07x
21.7%
1992
CastleHarlanPartnersII
$50.0
$64.1
$107.0
$0.0
1.82x
27.1%
1993
HarbourVestPartnersIVInvestmentProgram
$50.0
$48.0
$161.7
$0.0
3.37x
34.8%
1993
Hicks,Muse,Tate&FurstEquityFundII
18.8%
1993
KKR1993Fund
1993
TCWSpecialCreditsFundIV
1993
TPGPartners
1994
Joseph,Littlejohn&LevyFundII
1994
OlympicVenturePartnersIII
$10.0
1994
PenmanPrivateEquityandMezzanineFund
$20.2
$20.2
1994
StoningtonCapitalAppreciation1994Fund
$50.0
$54.3
1994
TCWSpecialCreditsFundVThePrincipalFund
$50.0
$50.0
1995
DoughtyHanson&CoII
$50.0
1995
HarbourVestInt'lPEPII
1995
OCMOpportunitiesFund
1995
TSGCapitalFundII
1996
BCIGrowthIV
1996
Capital
Commitment
TotalCapital
Contributed
TotalCapital
Distributed
FairMarket
Value
$194.1
$194.1
$666.9
$0.0
3.44x
22.5%
$25.0
$25.8
$85.1
$0.0
3.30x
39.7%
KKR1984Fund
$99.5
$118.5
$510.8
$0.0
4.31x
28.6%
KKRNonFund
$65.0
$65.0
$221.3
$0.0
3.40x
16.8%
$201.8
$918.9
$0.0
7.07x
26.3%
$1,240.2
$2,056.6
$0.0
2.07x
8.8%
$15.9
$0.0
1.18x
2.6%
1,2
Multiple
IRR
$50.0
$62.3
$117.7
$0.0
2.12x
$350.0
$433.7
$718.6
$0.0
1.79x
16.7%
$25.0
$25.8
$50.5
$0.0
1.96x
17.4%
$50.0
$51.3
$181.1
$0.0
3.66x
36.3%
$50.0
$56.1
$84.5
$0.0
1.52x
7.1%
$10.2
$22.7
$0.0
2.22x
27.1%
$18.0
$0.0
0.89x
(2.5%)
$47.8
$0.0
0.86x
(1.4%)
$86.8
$0.0
1.74x
14.8%
$46.3
$93.7
$0.0
2.10x
45.6%
$75.0
$73.8
$113.4
$0.0
1.54x
11.9%
$48.0
$48.0
$78.7
$0.0
1.64x
10.3%
$40.0
$39.5
$26.1
$0.0
0.66x
(8.5%)
$50.0
$53.8
$36.0
$0.0
0.64x
(6.7%)
CanterburyMezzanineCapital
$25.0
$25.0
$31.9
$0.0
1.30x
7.3%
1996
CVCEuropeanEquityPartners
$50.0
$58.6
$142.8
$0.0
2.72x
26.5%
1996
Hicks,Muse,Tate&FurstEquityFundIII
$100.0
$168.2
$162.9
$0.0
0.95x
(0.9%)
1996
OCMPrincipalOpportunitiesFund
$50.0
$50.0
$72.6
$0.0
1.45x
5.4%
1996
ProvidenceEquityPartners
$75.0
$108.4
$301.3
$0.0
3.32x
78.5%
1996
TCWCrescentMezzaninePartners
$50.0
$59.5
$79.4
$0.0
1.39x
7.9%
1997
CastleHarlanPartnersIII
$100.0
$125.8
$131.7
$0.0
1.05x
1.3%
1997
DoughtyHanson&CoIII
$250.0
$266.6
$431.7
$64.9
1.91x
13.5%
1997
ExxelCapitalPartnersV
$75.0
$87.0
$7.7
$0.0
0.05x
N/A
1997
HarbourVestPartnersVInvestmentProgram
$100.0
$98.0
$139.2
$0.0
1.42x
9.3%
1997
HSBCPrivateEquityFundII,Ltd.
1997
KKR1996Fund
1997
1997
1997
TPGPartnersII
1997
VestarCapitalPartnersIII
1998
AuroraEquityPartnersII
$50.0
$55.9
$78.2
$0.9
1.42x
4.7%
1998
CVCEuropeanEquityPartnersII
$150.0
$174.4
$364.9
$1.9
2.38x
18.9%
1998
FenwayPartnersCapitalFundII
$50.0
$58.4
$63.9
$6.6
1.25x
5.0%
1998
HarbourVestInt'lPEPIIIPartnership
$80.0
$76.8
$119.9
$0.0
1.56x
10.5%
1998
Hicks,Muse,Tate&FurstEquityFundIV
$200.0
$249.0
$183.0
$0.0
0.66x
(7.4%)
1998
Joseph,Littlejohn&LevyFundIII
$100.0
$109.9
$172.5
$0.0
1.66x
11.2%
1998
ProvidenceEquityPartnersIII
$100.0
$106.4
$164.6
$0.0
1.67x
15.8%
$50.0
$57.7
$76.6
$0.0
1.53x
8.2%
$800.0
$1,045.0
$1,705.5
$0.0
1.79x
13.2%
OCMOpportunitiesFundII
$75.0
$75.0
$113.4
$0.0
1.51x
8.4%
OlympicVenturePartnersIV
$14.0
$14.0
$36.7
$0.0
2.62x
63.9%
$300.0
$327.4
$552.5
$0.0
1.77x
9.9%
$25.0
$24.5
$27.9
$0.3
1.15x
2.8%
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
Vintage
Year
Partnership
1998
TCWCrescentMezzaninePartnersII
1998
TSGCapitalFundIII
1998
1999
FairMarket
Value
TotalValue
Capital
Commitment
TotalCapital
Contributed
TotalCapital
Distributed
$100.0
$110.6
$154.7
$0.0
1.45x
13.5%
$75.0
$79.8
$45.3
$0.0
0.53x
(13.5%)
WellspringCapitalPartnersII
$50.0
$54.1
$79.5
$0.0
1.52x
20.0%
BCIGrowthV
$75.0
$72.9
$34.5
$0.0
0.46x
(10.8%)
1999
CanterburyMezzanineCapitalII
$50.0
$45.6
$64.1
$0.0
1.42x
11.5%
1999
GreenEquityInvestorsIII
$50.0
$49.4
$111.7
$0.0
2.37x
21.6%
1999
GryphonPartnersII
$50.0
$60.2
$70.8
$0.0
1.26x
4.7%
1999
HarbourVestPartnersVIPartnershipFund
$50.0
$93.1
$107.5
$6.6
1.23x
3.6%
1999
Hicks,Muse,Tate&FurstEuropeFund
21.6%
1999
KKREuropeanFund
1999
LittlejohnFundII
1999
OCMOpportunitiesFundIII
1999
PalamonEuropeanEquity
1999
ParthenonInvestors
1999
ThomasWeiselCapitalPartners
1999
1999
2000
2000RiversideCapitalAppreciationFund
$50.0
$45.7
$78.4
$2.0
1.79x
19.2%
2000
EndeavourCapitalFundIII
$25.0
$24.5
$67.1
$0.0
2.74x
29.6%
2000
ExxelCapitalPartnersVI
$50.0
$75.8
$21.8
$15.9
0.32x
(9.7%)
2000
FoxPaineCapitalFundII
$50.0
$49.3
$89.6
$3.9
2.16x
19.0%
2000
OlympicVenturePartnersV
$25.0
$25.0
$6.8
$0.0
0.27x
(16.7%)
2000
ProvidenceEquityPartnersIV
$150.0
$215.8
$410.4
$1.5
2.42x
23.9%
2000
SoleraPartners
$50.0
$67.1
$105.3
$9.6
2.50x
8.5%
2000
VantagePointVenturePartnersIV
$50.0
$50.0
$41.1
$6.3
0.95x
(0.8%)
2001
CVCEuropeanEquityPartnersIII
$150.0
$173.7
$446.6
$4.1
2.92x
41.0%
2001
FirstReserveFundIX
$75.0
$81.2
$231.0
$0.0
3.00x
48.1%
2001
MatlinPattersonGlobalOpportunitiesPartners
$75.0
$77.4
$133.1
$0.0
1.72x
15.9%
2001
NorthwestEmergingVenturesVY2001
$56.8
$70.0
$91.4
$6.9
1.48x
7.9%
2001
OCMPrincipalOpportunitiesFundII
$50.0
$61.3
$98.8
$0.0
1.75x
18.3%
2001
OVPVenturePartnersVI
$40.0
$40.0
$7.3
$3.4
0.27x
(17.4%)
2001
ParthenonInvestorsII
$75.0
$87.8
$139.0
$2.7
1.65x
12.3%
2001
PathwayPrivateEquityFundIIIVY2001
$8.7
$11.7
$20.2
$1.8
1.88x
23.8%
2001
TCWCrescentMezzaninePartnersIII
$75.0
$81.2
$159.6
$2.4
2.78x
36.4%
2002
BDCMOpportunityFund
$50.0
$115.2
$167.4
($1.6)
2.13x
NM
2002
CastleHarlanPartnersIV
$100.0
$112.1
$138.3
$20.3
1.48x
15.1%
2002
CollerInternationalPartnersIV
11.7%
2002
KKRMillenniumFund
2002
1,2
Multiple
IRR
$99.3
$116.8
$204.4
$0.0
2.04x
$400.0
$525.9
$1,086.1
$0.7
2.30x
19.7%
$50.0
$52.3
$82.8
$0.2
1.71x
12.0%
$100.0
$100.0
$149.0
$1.5
1.50x
12.0%
$50.0
$63.3
$113.2
$0.0
1.99x
11.9%
$50.0
$59.4
$81.8
$0.0
1.45x
6.5%
$100.0
$110.8
$64.6
$1.3
0.56x
(9.6%)
TPGPartnersIII
$300.0
$284.5
$685.6
$9.1
2.54x
24.4%
VestarCapitalPartnersIV
$100.0
$99.3
$173.4
$1.8
1.78x
13.5%
$50.0
$44.6
$58.8
$2.0
1.36x
$1,000.0
$1,305.1
$2,186.5
$206.7
2.06x
16.5%
NorthwestEmergingVenturesVY2002
$19.9
$19.3
$11.9
$2.4
0.73x
(4.6%)
2002
OCMOpportunitiesFundIVb
$75.0
$90.0
$146.5
$0.2
2.26x
46.5%
2002
PathwayPrivateEquityFundIIIVY2002
$21.9
$24.1
$47.2
$0.9
2.03x
17.3%
2002
WellspringCapitalPartnersIII
$75.0
$82.2
$170.0
$0.1
2.19x
26.1%
2003
2003RiversideCapitalAppreciationFund
$75.0
$80.7
$155.1
$2.7
2.07x
17.2%
2003
GreenEquityInvestorsIV
$100.0
$108.4
$200.2
$8.5
1.97x
11.3%
2003
NorthwestEmergingVenturesVY2003
$39.6
$41.0
$84.4
$9.9
2.31x
19.6%
2003
PathwayPrivateEquityFundIIIVY2003
$29.9
$32.9
$31.6
$12.0
1.32x
6.8%
2003
TPGPartnersIV
$300.0
$333.3
$587.1
$64.7
2.15x
15.7%
2004
AuroraEquityPartnersIII
2004
ElevationPartners
2004
EndeavourCapitalFundIV
2004
EssexWoodlandsHealthVenturesFundVI
$50.0
$52.4
$84.8
$5.8
1.76x
14.0%
$100.0
$95.3
$147.6
$1.8
1.61x
11.8%
$50.0
$46.1
$161.3
$1.1
3.52x
28.2%
$25.0
$24.3
$12.0
$16.9
1.19x
2.4%
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
TotalValue
Vintage
Year
Partnership
2004
FirstReserveFundX
2004
HarbourVestPartners2004DirectFund
2004
2004
2004
NorthwestEmergingVenturesVY2004
2004
OakHillCapitalPartnersII
2004
OCMOpportunitiesFundV
$50.0
$50.0
$81.1
2004
OCMPrincipalOpportunitiesFundIII
$75.0
$77.3
$110.0
2004
OregonInvestmentFund(Series1)
$100.0
$92.1
$33.4
$55.4
2004
PathwayPrivateEquityFundIIIVY2004
$36.7
$43.2
$41.3
$7.1
1.13x
2.6%
2004
UnionSquareVentures2004
$25.0
$22.3
$294.5
$15.0
13.91x
67.0%
2005
AquilineFinancialServicesFund
$200.0
$209.1
$215.6
$90.4
1.47x
7.2%
2005
AsiaOpportunityFundII
$100.0
$121.2
$172.3
$0.0
1.68x
7.3%
2005
CVCCapitalPartnersAsiaPacificII
$100.0
$124.9
$91.6
$5.8
0.71x
(5.4%)
2005
CVCEuropeanEquityPartnersIV
$145.5
$153.0
$253.8
$28.1
1.93x
16.6%
2005
DiamondCastlePartnersIV
$100.0
$99.0
$101.7
$0.0
1.03x
0.6%
2005
GraniteVenturesII
$25.0
$25.0
$4.9
$27.4
1.29x
4.7%
2005
KKREuropeanFundII
$500.0
$586.5
$628.1
$149.7
1.37x
4.9%
2005
LittlejohnFundIII
$50.0
$50.0
$112.5
$3.2
2.36x
25.3%
2005
MontaukTriGuardFundIII
$50.0
$46.0
$46.1
$9.8
1.21x
5.4%
2005
NewMountainPartnersII
$50.0
$45.3
$87.4
$0.9
2.08x
13.7%
2005
NorthwestEmergingVenturesVY2005
$62.2
$70.7
$72.0
$31.8
1.56x
6.6%
2005
NorthwestEmergingVenturesIIVY2005
$39.4
$44.3
$47.1
$10.8
1.32x
5.5%
2005
OCMOpportunitiesFundVI
$50.0
$50.0
$75.8
$3.3
1.58x
8.8%
2005
PalamonEuropeanEquityII
$100.0
$123.4
$169.1
$0.0
1.43x
7.7%
2005
ParthenonInvestorsIII
$100.0
$112.2
$130.4
$64.7
1.87x
10.5%
2005
PathwayPrivateEquityFundIIIVY2005
$60.3
$76.7
$107.5
$10.4
1.61x
9.3%
2005
ProvidenceEquityPartnersV
$150.0
$186.8
$184.1
$43.2
1.30x
3.8%
2005
VestarCapitalPartnersV
$100.0
$104.5
$51.1
$71.7
1.18x
2.7%
2005
WarburgPincusPrivateEquityIX
$200.0
$200.1
$320.2
$29.4
1.75x
10.0%
2006
ApolloInvestmentFundVI
$200.0
$257.4
$322.7
$66.5
1.69x
9.3%
2006
BDCMOpportunityFundII
$100.0
$146.8
$142.3
$138.9
2.39x
16.4%
2006
CenterbridgeCapitalPartners
$200.0
$313.7
$459.4
$109.9
2.30x
20.6%
2006
CollerInternationalPartnersV
$100.0
$86.4
$94.9
$28.8
1.43x
8.9%
2006
CourtSquareCapitalPartnersII
$100.0
$94.5
$124.8
$46.8
1.86x
13.4%
2006
EssexWoodlandsHealthVenturesFundVII
$50.0
$50.0
$50.4
$16.7
1.34x
5.4%
2006
FenwayPartnersCapitalFundIII
$50.0
$69.6
$58.3
$18.8
1.15x
2.5%
2006
FirstReserveFundXI
$300.0
$342.1
$201.2
$25.3
0.63x
(11.4%)
2006
FisherLynchCoinvestmentPartnership
$250.0
$281.3
$288.5
$104.4
1.44x
6.6%
2006
FocusVenturesIII
$40.0
$40.0
$14.4
$12.5
0.67x
(7.5%)
2006
FranciscoPartnersII
$100.0
$96.0
$114.2
$38.1
1.60x
10.9%
2006
IrvingPlaceCapitalPartnersIII
$100.0
$96.2
$110.1
$0.1
1.19x
2.8%
2006
JCFlowersII
$100.0
$108.7
$27.3
$18.9
0.38x
(13.9%)
2006
KKR2006Fund
$1,312.5
$1,391.7
$1,386.4
$849.6
1.64x
9.0%
2006
KSLCapitalPartnersII
$100.0
$114.1
$149.0
$13.9
1.59x
13.9%
2006
MHRInstitutionalPartnersIII
$75.0
$80.1
$77.0
$31.4
1.57x
6.8%
2006
NorthwestEmergingVenturesIIVY2006
$98.5
$110.8
$92.1
$79.6
1.61x
8.0%
2006
OakInvestmentPartnersXII
$75.0
$74.9
$51.5
$32.6
1.12x
2.1%
2006
OCMPrincipalOpportunitiesFundIV
$100.0
$102.0
$111.9
$47.1
1.63x
8.1%
2006
OpusCapitalVenturePartnersV
$50.0
$48.5
$9.0
$49.9
1.21x
3.4%
2006
OVPVenturePartnersVII
$50.0
$50.0
$2.9
$23.2
0.52x
(9.8%)
Capital
Commitment
TotalCapital
Contributed
TotalCapital
Distributed
FairMarket
Value
$100.0
$100.0
$190.3
$0.5
1.91x
36.1%
$75.0
$75.0
$126.1
$12.6
1.85x
11.0%
LionCapitalFundI
$99.8
$108.7
$191.1
$0.2
1.99x
23.5%
MarkstoneCapitalPartners
$50.0
$56.8
$22.6
$2.4
0.44x
(37.8%)
1,2
Multiple
IRR
$71.6
$83.0
$67.7
$31.4
1.23x
3.0%
$100.0
$113.1
$179.9
$0.0
1.67x
9.9%
$1.4
1.65x
14.2%
$4.8
1.50x
9.6%
0.96x
(0.7%)
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
TotalCapital
Distributed
FairMarket
Value
TotalValue
$75.0
$54.3
$46.5
1.34x
$116.3
$145.1
$12.4
1.36x
8.9%
$103.3
$108.3
$3.9
1.10x
2.0%
$25.0
$24.9
$34.3
$6.6
1.64x
14.0%
$150.0
$156.7
$10.1
$72.6
0.53x
(9.9%)
$300.0
$310.7
$265.5
$152.2
1.41x
5.0%
$50.0
$48.8
$2.4
$20.8
0.48x
(14.3%)
Vintage
Year
Partnership
2006
PathwayPrivateEquityFundIIIVY2006
$67.9
2006
RhnePartnersIII
$100.0
2006
TCWCrescentMezzaninePartnersIV
$100.0
2006
TechnologyCrossoverVenturesVI
2006
TerraFirmaCapitalPartnersIII
2006
TPGPartnersV
2006
VantagePointVenturePartners2006
2006
WellspringCapitalPartnersIV
2007
AffinityAsiaPacificFundIII
2007
ApaxEuropeVII
2007
AsiaOpportunityFundIII
2007
AuroraResurgenceFund
2007
GoresCapitalPartnersII
2007
GreenEquityInvestorsV
$200.0
2007
HarbourVestPartners2007DirectFund
$100.0
2007
KKR2006CoInvestmentFund
$187.5
2007
KKRAsianFund
$100.0
$109.4
$131.1
$56.0
1.74x
13.4%
2007
LionCapitalFundII
$203.3
$237.5
$146.9
$16.9
0.62x
(7.6%)
2007
MatlinPattersonGlobalOpportunitiesPartnersIII
$150.0
$182.2
$116.8
$93.2
1.20x
3.7%
2007
NewMountainPartnersIII
$100.0
$103.6
$68.4
$95.8
1.67x
11.7%
2007
NorthwestEmergingVenturesIIVY2007
$126.0
$132.6
$109.7
$116.6
1.81x
11.1%
2007
OakHillCapitalPartnersIII
$300.0
$343.6
$481.9
$0.0
1.50x
8.9%
2007
OCMOpportunitiesFundVII
$50.0
$50.0
$62.3
$6.2
1.37x
7.5%
2007
OregonInvestmentFund(Series1A)
$50.0
$38.8
$13.0
$34.1
1.23x
5.9%
2007
ProvidenceEquityPartnersVI
$300.0
$334.3
$273.4
$181.2
1.43x
6.6%
2007
SofinnovaVenturePartnersVII
$25.0
$25.0
$31.8
$11.9
1.74x
16.8%
2007
TailwindCapitalPartners
12.6%
2007
TPGSTAR
2007
VectorCapitalIV
2007
2007
Capital
Commitment
TotalCapital
Contributed
1,2
Multiple
IRR
5.5%
$80.0
$82.5
$84.9
$39.2
1.52x
8.2%
$100.0
$93.3
$113.0
$36.2
1.60x
12.4%
$199.5
$218.6
$200.4
$82.9
1.32x
5.5%
$150.0
$150.3
$65.5
$65.4
0.84x
(6.2%)
$50.0
$42.7
$57.7
$0.0
1.66x
16.0%
$100.0
$111.0
$92.3
$46.7
1.29x
7.0%
$207.7
$237.4
$143.5
1.91x
17.6%
$97.0
$89.5
$60.8
1.55x
9.6%
$186.1
$262.6
$94.6
1.92x
14.9%
$75.0
$74.5
$92.6
$30.4
1.72x
$100.0
$104.3
$104.4
$62.8
1.67x
11.9%
$50.0
$46.5
$33.2
$42.1
1.68x
14.2%
VistaEquityPartnersFundIII
$100.0
$107.9
$225.4
$45.3
2.68x
31.2%
WarburgPincusPrivateEquityX
$400.0
$403.4
$360.8
$208.4
1.41x
7.5%
2007
WLRRecoveryFundIV
$200.0
$181.1
$204.0
$42.9
1.36x
8.1%
2008
AdventInternationalGPEVIA
$100.0
$96.7
$107.1
$89.7
2.04x
18.4%
2008
ApolloInvestmentFundVII
$400.0
$471.5
$700.4
$119.6
2.05x
24.3%
2008
AustinVenturesX
$50.0
$49.6
$36.2
$33.5
1.41x
9.4%
2008
AvistaCapitalPartnersII
$100.0
$120.9
$127.2
$88.0
2.08x
19.7%
2008
CastleHarlanPartnersV
$100.0
$76.7
$61.6
$48.0
1.63x
20.6%
2008
CVCCapitalPartnersAsiaPacificIII
$100.0
$104.2
$130.0
$32.8
1.68x
14.1%
2008
CVCEuropeanEquityPartnersV
$291.2
$262.9
$254.8
$118.0
1.53x
11.5%
2008
EndeavourCapitalFundV
$65.0
$62.3
$22.4
$69.0
1.47x
9.3%
2008
EssexWoodlandsHealthVenturesFundVIII
$100.0
$99.0
$30.5
$87.8
1.20x
5.1%
2008
FirstReserveFundXII
$300.0
$322.4
$143.7
$99.7
0.73x
(7.9%)
2008
GSOCapitalOpportunitiesFundI
$100.0
$149.9
$204.0
$13.0
1.52x
17.8%
2008
KKREuropeanFundIII
$463.0
$450.1
$300.5
$334.9
1.44x
10.1%
2008
MontaukTriGuardFundIV
$75.0
$65.3
$67.0
$36.2
1.58x
15.3%
2008
NorthwestEmergingVenturesIIVY2008
$36.0
$41.8
$34.6
$37.7
1.91x
16.4%
2008
NorthwestEmergingVenturesIIIVY2008
$41.5
$44.8
$29.6
$39.3
1.58x
11.3%
2008
OCMOpportunitiesFundVIIb
$100.0
$90.0
$144.6
$9.0
1.71x
16.7%
2008
PathwayPrivateEquityFundIIIBVY2008
$19.9
$17.6
$28.9
$10.9
2.54x
28.9%
2008
PineBrookCapitalPartners
$100.0
$104.6
$61.6
$55.0
1.13x
3.8%
2008
RiversideCapitalAppreciationFundV
$100.0
$84.5
$87.5
$36.6
1.47x
10.6%
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
TotalCapital
Distributed
FairMarket
Value
TotalValue
$93.2
$53.2
$56.6
1.21x
$198.8
$215.9
$47.8
1.35x
9.9%
$73.6
$76.2
$81.2
2.14x
22.1%
$750.0
$780.6
$591.1
$537.3
1.51x
11.4%
$25.0
$22.8
$0.9
$64.7
2.88x
22.2%
(19.5%)
Vintage
Year
Partnership
2008
Riverstone/CarlyleRAEFundII
$100.0
2008
TCWCrescentMezzaninePartnersV
$200.0
2008
TechnologyCrossoverVenturesVII
$75.0
2008
TPGPartnersVI
2008
UnionSquareVentures2008
2008
VantagePointCleanTechPartnersII
2009
GoresCapitalPartnersIII
2009
Capital
Commitment
TotalCapital
Contributed
1,2
Multiple
IRR
4.4%
$50.0
$48.8
$0.0
$18.5
0.38x
$100.0
$94.3
$59.4
$52.5
1.22x
6.7%
KKRE2InvestorsL.P.(Euro2AnnexFund)
$37.0
$35.2
$31.1
$2.7
0.96x
(1.2%)
2009
KSLCapitalPartnersSupplementalII
$50.0
$21.7
$46.7
$0.3
2.17x
24.9%
2009
NorthwestEmergingVenturesIIIVY2009
$70.7
$73.3
$41.0
$67.3
1.54x
12.0%
2009
OaktreeOpportunitiesFundVIII
$50.0
$50.0
$46.0
$21.2
1.34x
8.3%
2009
OaktreePrincipalFundV
$100.0
$94.2
$45.7
$59.7
1.13x
3.3%
2009
PathwayPrivateEquityFundIIIBVY2009
$32.0
$31.6
$23.4
$24.0
1.50x
14.2%
2009
RiversideEuropeFundIV
$50.0
$54.4
$32.3
$34.9
1.27x
6.0%
2010
AquilineFinancialServicesFundII
$100.0
$107.1
$13.0
$121.6
1.29x
9.9%
2010
CadenceBancorpLLC
$100.0
$92.5
$0.0
$108.2
1.17x
3.4%
2010
HamiltonLaneSMIDFund
$300.0
$255.0
$121.2
$195.3
1.29x
11.2%
2010
LionCapitalFundIII
$100.0
$101.0
$32.3
$110.8
1.57x
12.2%
2010
LittlejohnFundIV
$100.0
$104.2
$40.5
$106.2
1.47x
11.2%
2010
NorthwestEmergingVenturesIIIVY2010
$133.2
$135.6
$52.6
$173.6
1.77x
17.9%
2010
OakInvestmentPartnersXIII
$75.0
$73.7
$8.2
$70.1
1.06x
2.3%
2010
OrbiMedPrivateInvestmentsIV(fkaCaduceusIV)
$40.0
$42.1
$39.6
$56.3
2.60x
36.9%
2010
PathwayPrivateEquityFundIIIBVY2010
$39.7
$39.9
$20.2
$40.2
1.52x
14.3%
2010
UnionSquareVenturesOpportunityFund
$25.0
$16.1
$41.6
$11.9
3.32x
63.8%
2010
VeritasCapitalFundIV
$100.0
$104.2
$6.1
$166.2
1.69x
16.5%
2011
BaringAsiaPrivateEquityFundV
$80.0
$104.2
$37.2
$89.1
1.28x
11.0%
2011
BDCMOpportunityFundIII
$100.0
$127.1
$45.6
$102.6
1.23x
8.4%
2011
BlackstoneCapitalPartnersVI
$200.0
$177.1
$30.6
$182.0
1.22x
10.0%
2011
CapitalInternationalPrivateEquityFundVI
$100.0
$68.0
$1.1
$49.5
0.74x
(12.4%)
2011
CenterbridgeCapitalPartnersII
$100.0
$132.9
$49.0
$93.6
1.11x
3.7%
2011
EndeavourCapitalFundVI
$95.0
$81.9
$6.6
$100.1
1.30x
11.9%
2011
FisherLynchCoInvestmentPartnershipII
$500.0
$366.8
$198.9
$323.9
1.44x
15.1%
2011
FranciscoPartnersIII
$100.0
$91.8
$19.9
$122.3
1.55x
16.7%
2011
GGVCapitalIV
$50.0
$48.8
$1.5
$86.5
1.80x
24.0%
2011
GSOCapitalOpportunitiesFundII
$100.0
$91.8
$55.9
$49.1
1.24x
12.5%
2011
KSLCapitalPartnersIII
$100.0
$102.1
$71.6
$49.2
1.26x
11.9%
2011
MontaukTriGuardFundV
$75.0
$48.0
$25.7
$37.5
1.32x
15.3%
2011
NorthwestEmergingVenturesIIIVY2011
$100.7
$93.7
$34.0
$118.0
1.69x
18.5%
2011
OaktreeEuropeanPrincipalFundIII(US)
$50.0
$42.9
$4.2
$50.7
1.31x
10.6%
2011
OaktreeOpportunitiesFundVIIIb
$50.0
$50.0
$19.8
$37.3
1.14x
4.1%
2011
OHAEuropeanStrategicCreditFund
$50.0
$31.0
$6.7
$31.4
1.29x
7.2%
2011
OpusCapitalVenturePartnersVI
$33.5
$16.2
$1.2
$11.5
0.78x
(9.1%)
2011
PathwayPrivateEquityFundIIIBVY2011
$67.8
$59.3
$15.6
$64.1
1.35x
13.3%
2011
RhnePartnersIV
$75.0
$63.4
$26.7
$47.9
1.18x
10.2%
2011
SofinnovaVenturePartnersVIII
$50.0
$43.0
$37.7
$27.8
1.52x
29.6%
2011
TPGGrowthII
$75.0
$70.2
$6.0
$119.5
1.84x
31.5%
2011
UnionSquareVentures2012
$25.0
$19.5
$2.6
$33.3
1.84x
27.2%
2011
VistaEquityPartnersFundIV
$100.0
$96.3
$43.8
$125.9
1.85x
22.8%
2011
WellspringCapitalPartnersV
$100.0
$96.2
$19.1
$107.9
1.40x
15.6%
2011
WLRRecoveryFundV
$100.0
$87.1
$43.8
$59.3
1.20x
7.3%
2012
A&MCapitalPartners
$100.0
$40.1
$2.7
$51.8
NM
NM
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
FairMarket
Value
TotalValue
$6.1
$44.4
1.32x
15.2%
$6.7
$151.6
1.21x
16.4%
$105.1
$14.7
$109.1
1.20x
7.8%
$51.1
$18.4
$46.2
1.28x
15.4%
$77.5
1.37x
18.2%
$22.5
1.13x
7.7%
Vintage
Year
Partnership
2012
AdventInternationalGPEVIIC
2012
ApaxVIIIB
2012
AvistaCapitalPartnersIII
2012
CinvenFifthFund
2012
CollerInternationalPartnersVI
$100.0
$71.8
$20.5
2012
CourtSquareCapitalPartnersIII
$75.0
$32.3
$13.8
2012
CrescentMezzaninePartnersVI
$75.0
$69.8
$18.0
$60.9
1.15x
8.2%
2012
GreenEquityInvestorsVI
$150.0
$105.7
$6.3
$118.6
1.19x
10.4%
2012
KKRNorthAmericaFundXI
$750.0
$553.9
$149.5
$591.7
1.40x
17.8%
2012
NorthwestEmergingVenturesIIIVY2012
$54.0
$49.4
$8.3
$35.6
0.87x
(6.3%)
2012
PalladiumEquityPartnersIV
$100.0
$46.2
$2.9
$45.1
NM
NM
2012
ParthenonInvestorsIV
$75.0
$49.5
$1.9
$63.9
1.34x
17.2%
2012
PathwayPrivateEquityFundIIIBVY2012
$106.7
$87.0
$18.6
$94.3
1.31x
14.7%
2012
ProvidenceEquityPartnersVII
$150.0
$78.3
$8.8
$81.2
1.17x
9.0%
2012
RiversideCapitalAppreciationFundVI
$75.0
$40.2
$0.1
$45.4
NM
NM
2012
VestarCapitalPartnersVI
$75.0
$42.0
$8.8
$56.4
1.58x
31.8%
2013
ApolloInvestmentFundVIII
$400.0
$128.6
$3.3
$129.9
NM
NM
2013
CDHFundV
$100.0
$53.2
$7.7
$51.5
NM
NM
2013
GIPartnersFundIV
$100.0
$47.7
$0.2
$53.0
NM
NM
2013
HarbourVestPartners2013DirectFund
$75.0
$55.9
$8.2
$59.6
NM
NM
2013
KKRAsianFundII
$200.0
$108.2
$25.8
$112.0
NM
NM
2013
MayfieldXIV
$25.0
$12.5
$0.0
$13.7
NM
NM
2013
NordicCapitalVIII
$75.0
$35.8
$1.1
$32.7
NM
NM
2013
NorthHavenPrivateEquityAsiaIV
2013
OaktreeOpportunitiesFundIX
2013
OrbiMedPrivateInvestmentsV
2013
PathwayPrivateEquityFundIIIBVY2013
2013
PineBrookCapitalPartnersII
$100.0
$60.7
2013
RRJCapitalMasterFundII
$75.0
$79.7
2013
TailwindCapitalPartnersII
$75.0
$33.5
$1.8
2013
TDRCapitalIII
$100.0
$40.1
$0.0
$48.4
NM
NM
2013
VistaFoundationFundII
$75.0
$58.8
$0.1
$61.6
NM
NM
2014
CVCCapitalPartnersVI
$196.5
$64.0
$2.0
$56.2
NM
NM
2014
GGVCapitalV
$50.0
$34.0
$0.0
$54.3
NM
NM
2014
KSLCapitalPartnersCreditOpportunitiesFund
$75.0
$7.8
$1.0
$7.1
NM
NM
2014
MHRInstitutionalPartnersIV
$150.0
$28.1
$0.1
$26.7
NM
NM
2014
MontaukTriguardFundVI
$100.0
$31.0
$5.6
$31.6
NM
NM
2014
OrchidAsiaVI
$75.0
$14.8
$3.0
$10.9
NM
NM
2014
PathwayPrivateEquityFundIIIBVY2014
$49.0
$11.1
$0.2
$7.3
0.67x
(28.1%)
2014
PublicPensionCapital
$100.0
$11.3
$0.0
$8.3
NM
NM
2014
UnionSquareVentures2014
$18.8
$8.1
$0.0
$7.4
NM
NM
2014
UnionSquareVenturesOpportunity2014
$18.8
$5.4
$0.0
$5.0
NM
NM
2014
VistaEquityPartnersFundV
$200.0
$177.7
$0.1
$196.8
NM
NM
2015
AdventLatinAmericanPrivateEquityVIC
$75.0
$9.9
$1.1
$9.8
NM
NM
2015
AquilineFinancialServicesFundIII
$100.0
$16.5
$2.7
$12.4
NM
NM
2015
BaringAsiaPrivateEquityFundVI
$130.0
$33.0
$0.0
$29.2
NM
NM
2015
BDCMOpportunityFundIV
$200.0
$30.0
$2.0
$24.6
NM
NM
2015
BlackstoneEnergyPartnersII
$200.0
$0.8
$0.0
($1.4)
NM
NM
2015
CenterbridgeCapitalPartnersIII
$135.0
$36.7
$0.0
$39.8
NM
NM
2015
EnCapEnergyCapitalFundX
2015
EndeavourCapitalFundVII
Capital
Commitment
TotalCapital
Contributed
TotalCapital
Distributed
$50.0
$38.3
$150.4
$131.9
$100.0
$75.8
1,2
Multiple
IRR
$100.0
$49.6
$4.8
$56.8
NM
NM
$75.0
$75.0
$0.0
$71.7
0.96x
(2.3%)
$40.0
$29.7
$19.2
$41.5
NM
NM
$93.2
$53.3
$7.6
$51.8
1.12x
7.2%
$2.6
$54.1
0.93x
(4.9%)
$31.3
$62.5
NM
NM
$34.1
NM
NM
$90.0
$9.6
$0.0
$7.7
NM
NM
$112.4
$16.2
$0.0
$15.6
NM
NM
OregonPublicEmployeesRetirementFund
PrivateEquityPortfolio
AsofMarch31,2016
($inmillions)
Vintage
Year
Partnership
2015
FranciscoPartnersIV
2015
GGVCapitalSelect
2015
KSLCapitalPartnersIV
$150.0
$8.2
2015
OaktreeOpportunitiesFundX
$50.0
$7.5
2015
OrbimedPrivateInvestmentsVI
$60.0
$4.0
2015
RhnePartnersV
$190.4
2015
RRJCapitalMasterFundIII
2015
TPGGrowthIII
2015
FairMarket
Value
$43.9
$0.0
$44.3
NM
NM
$9.0
$0.0
$8.9
NM
NM
$0.0
$6.8
N/A
N/A
$0.0
$7.9
NM
NM
$0.0
$3.3
NM
NM
$3.5
$0.0
$0.8
NM
NM
$150.0
$6.1
$0.0
$5.3
NM
NM
$200.0
$21.4
$0.0
$13.3
NM
NM
TPGPartnersVII
$700.0
$67.1
$0.1
$64.2
NM
NM
2015
VeritasCapitalFundV
$150.0
$76.2
$0.0
$74.7
NM
NM
2016
BlackstoneCapitalPartnersVII
$450.0
$0.0
$0.0
$0.0
N/A
N/A
2016
GeneralAtlanticManagedAccount
$250.0
$0.0
$0.0
($0.0)
N/A
N/A
2016
GGVCapitalVI
$45.0
$0.0
$0.0
$0.0
N/A
N/A
2016
GGVCapitalVIPlus
$15.0
$0.0
$0.0
$0.0
N/A
N/A
2016
GGVDiscoveryI
$20.0
$0.0
$0.0
$0.0
N/A
N/A
2016
GreenEquityInvestorsVII
$250.0
$0.0
$0.0
$0.0
N/A
N/A
2016
Hellman&FriedmanCapitalPartnersVIII
$100.0
$0.0
$0.0
$0.0
N/A
N/A
2016
KKRAmericasFundXII
$500.0
$0.0
$0.0
$0.0
N/A
N/A
2016
OaktreeOpportunitiesFundXb
$100.0
$0.0
$0.0
$0.0
N/A
N/A
2016
RoarkCapitalPartnersIV
$100.0
$0.0
$0.0
$0.0
N/A
N/A
2016
USV2016
$19.0
$0.0
$0.0
$0.0
N/A
N/A
2016
VistaEquityPartnersFundVI
$500.0
$0.0
$0.0
($0.3)
N/A
N/A
$39,226.4
$35,118.8
$39,767.3
$14,020.0
1.61x
15.5%
Totals:
TotalCapital
Contributed
$150.0
$50.0
TotalValue
TotalCapital
Distributed
Capital
Commitment
1,2
Multiple
IRR
Total Value Multiple is calculated net of recallable return of capital ("ROC"). In practice, both total distributions and contributions are reduced by the amount of recallable ROC in the numerator and denominator of the
calculation, respectively.
2
Investments held less than three years generally have TVPIs and IRRs that are not meaningful, and are therefore labeled NM.
Warning: Due to a number of factors, including most importantly a lack of valuation standards in the private equity industry, differences in the pace of investments across partnerships and the understatement of returns
in the early years of a partnership's life, the IRR information in this report DOES NOT accurately reflect the current or expected future returns of the partnership. The IRRs SHOULD NOT be used to assess the
investment success of a partnership or to compare returns across partnerships. The IRRs in this report HAVE NOT been approved by the individual general partners of the partnerships.