The CalPERS Emerging Manager funds are managed by Grosvenor Capital Management (CFIG) and focused on domestic emerging managers.
Jessica Holsey, Principal
CalPERSReferrals@gcmlp.com
GCM Grosvenor
767 Fifth Avenue, 14th Floor
New York, NY 10153
(646) 362-3656
The table shows fund performance information for GCM Grosvenor Private Markets as of June 30, 2024.
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
|---|---|---|---|---|---|---|---|
| Fund | Vintage Year | Capital Committed | Cash In | Cash Out | Cash Out & Remaining Value | Net IRR | Investment Multiple |
| Aldrich Capital Partners Fund, LP | 2018 | $8,663,366 | $8,499,500 | $0 | $15,930,050 | 15.7% | 1.9x |
| Arcadius (SW) Energy Capital, LP | 2018 | $14,851,485 | $13,026,038 | $0 | $9,608,064 | -5.2% | 0.7x |
| Argand Partners Fund, LP | 2017 | $14,851,485 | $13,467,596 | $462,721 | $18,074,272 | 5.3% | 1.3x |
| Avance Investment Partners, L.P. | 2021 | $34,684,685 | $15,203,061 | $465,384 | $18,987,042 | 11.4%1 | 1.2x |
| Avante Mezzanine Partners SBIC II, LP | 2015 | $14,563,107 | $12,334,951 | $15,226,602 | $22,931,688 | 15.9% | 1.9x |
| Cornell Capital Partners II LP | 2022 | $34,684,685 | $21,157,658 | $0 | $18,110,611 | N/M1 | N/M |
| Crayhill Capital Management LP Master Co-Investment | 2018 | $3,300,330 | $3,292,481 | $3,935,609 | $3,937,021 | 12.5% | 1.2x |
| Crayhill Principal Strategies Fund LP | 2017 | $6,600,660 | $4,137,136 | $5,357,538 | $5,357,538 | 12.1% | 1.3x |
| CRG Partners III (Holdings 2) L.P. | 2016 | $11,165,049 | $2,444,227 | $3,006,491 | $6,938,188 | 9.3% | 2.8x |
| EIV Capital Fund II, LP | 2014 | $14,851,485 | $13,295,962 | $10,071,577 | $19,335,622 | 9.4% | 1.5x |
| Excolere Equity Partners Fund I, LP | 2023 | $74,257,426 | $14,606,399 | $0 | $13,133,756 | N/M1 | N/M |
| Gemspring Capital Fund I, LP | 2017 | $14,851,485 | $12,510,404 | $35,645,968 | $46,322,059 | 67.7% | 3.7x |
| Gemspring Capital Fund II, LP | 2020 | $19,819,820 | $14,267,829 | $1,290,246 | $16,701,021 | 7.6%1 | 1.2x |
| Grain Communications Opportunity Fund II, L.P. | 2018 | $19,801,980 | $18,340,230 | $8,135 | $26,795,746 | 9.8% | 1.5x |
| HPH II FF, LP | 2019 | $34,684,685 | $34,545,719 | $9,035,798 | $55,007,176 | 15.5% | 1.6x |
| Juggernaut Capital Partners III, L.P. | 2015 | $8,663,366 | $6,397,281 | $10,646,274 | $17,050,857 | 17.2% | 2.7x |
| Kingswood Capital Opportunities Fund I, L.P. | 2019 | $34,684,685 | $18,461,174 | $41,764,385 | $115,348,963 | 240.6% | 6.2x |
| Kingswood Capital Opportunities Fund II, L.P. | 2022 | $9,909,910 | $5,398,108 | $188 | $7,878,773 | N/M1 | N/M |
| Maranon Mezzanine Fund II, L.P. | 2014 | $9,223,301 | $7,774,395 | $12,457,111 | $14,487,456 | 14.7% | 1.9x |
| Mill Point Capital Partners II, L.P. | 2021 | $19,819,820 | $10,294,493 | $4,881,745 | $19,749,819 | 37.8%1 | 1.9x |
| Mill Point Capital Partners, L.P. | 2017 | $14,851,485 | $14,497,483 | $16,825,660 | $33,879,603 | 23.4% | 2.3x |
| New Heritage Capital Fund | 2014 | $9,320,388 | $8,908,731 | $15,296,141 | $19,765,881 | 18.4% | 2.2x |
| New Heritage Capital Fund III, L.P. | 2019 | $9,900,990 | $7,927,569 | $9,765,627 | $16,057,182 | 27.6% | 2.0x |
| NHC III GCM Co-Investors, L.P. | 2019 | $4,950,495 | $3,799,648 | $4,827,080 | $8,948,677 | 29.1% | 2.4x |
| NovaQuest Pharma Opportunities Fund IV, L.P. | 2015 | $9,320,388 | $9,263,163 | $2,147,851 | $4,007,423 | -15.2% | 0.4x |
| ParkerGale Capital, LP | 2015 | $14,851,485 | $14,851,485 | $17,099,019 | $22,595,427 | 9% | 1.5x |
| Peak Rock Capital Credit Fund II, L.P. | 2017 | $2,970,297 | $2,533,353 | $2,402,209 | $3,060,920 | 16.1% | 1.2x |
| Peak Rock Capital Fund II, LP | 2017 | $11,881,188 | $8,697,370 | $14,018,965 | $17,603,334 | 35.7% | 2.0x |
| Peak Rock Capital Fund III LP | 2021 | $14,864,865 | $7,757,652 | $2,215,503 | $11,183,737 | 23.8%1 | 1.4x |
| Peak Rock Capital Fund LP | 2013 | $9,223,301 | $8,504,593 | $9,121,739 | $13,281,731 | 15.9% | 1.6x |
| Recognize Partners I, L.P. | 2021 | $19,819,820 | $10,765,738 | $8,574 | $11,612,403 | 4.7%1 | 1.1x |
| Resolve Growth Partners Fund I (Side Car), L.P. | 2019 | $5,662,806 | $5,022,769 | $0 | $6,125,790 | 7.8% | 1.2x |
| Resolve Growth Partners Fund I, L.P. | 2019 | $14,157,014 | $13,183,196 | $133,994 | $15,880,589 | 6.4% | 1.2x |
| Resurgens Technology Partners, L.P. | 2018 | $8,663,366 | $8,386,674 | $8,842,878 | $22,029,972 | 33.3% | 2.6x |
| Revelstoke Capital Partners Fund I, L.P. | 2015 | $14,851,485 | $14,715,238 | $26,413,397 | $39,339,718 | 18.8% | 2.7x |
| Reverence Capital Partners Opportunities Fund II, L.P. | 2018 | $14,851,485 | $11,958,760 | $3,692,214 | $25,778,086 | 22.2% | 2.2x |
| Siris Partners II, L.P. | 2012 | $9,320,388 | $8,086,717 | $7,950,949 | $8,008,813 | -0.3% | 1.0x |
| SkyKnight Capital Fund III, L.P. | 2021 | $9,909,910 | $8,670,056 | $3,148,613 | $13,992,545 | 31.1%1 | 1.6x |
| Stellex Capital Partners II LP | 2021 | $84,234,234 | $58,055,194 | $2,670,256 | $72,470,085 | 11.6%1 | 1.2x |
| Stellex Capital Partners LP | 2015 | $14,563,107 | $12,402,858 | $14,813,418 | $22,777,942 | 18.4% | 1.8x |
| The Central Valley Fund III (SBIC), LP | 2017 | $9,900,990 | $8,415,842 | $0 | $11,261,188 | 6.4% | 1.3x |
| Tritium I, L.P. | 2015 | $8,663,366 | $7,961,994 | $12,496,669 | $20,251,855 | 23.5% | 2.5x |
| Valor Equity Partners III L.P. | 2013 | $9,320,388 | $9,376,740 | $13,925,242 | $19,657,979 | 12.2% | 2.1x |
| Vistria Fund II, LP | 2017 | $14,851,485 | $13,712,682 | $17,011,135 | $33,295,125 | 27.2% | 2.4x |
| Vistria Fund III, LP | 2020 | $34,684,685 | $32,667,108 | $0 | $41,369,440 | 7.8%1 | 1.3x |