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Disclosures:
The information listed in this report was prepared by Hamilton Lane for PRIM based on information provided by the general p
the respective partnerships, their general partners or their affiliates. The data does not necessarily accurately reflect the curre
fair value of their interests and should not be used to compare returns among multiple private equity funds.
IRRs presented are interim estimates and may not be indicative of the ultimate performance of partnership investments due t
standards and the differences in the investment pace and strategy of various funds. IRRs and multiples tend to be less meanin
portfolio company investments have typically not been realized. The IRRs and multiples provided in this report are calculated
general partners (e.g. cash flows and valuations). Such IRR and multiple calculations have not been confirmed by the general p
generated by the general partners or other limited partners, primarily due to differences in the date of close, sale of distribute
important factor that must be considered in measuring and evaluating partnership performance such as IRRs and multiples is
expenses may reduce partnership performance in the initial years of the partnership term. As a result, private equity partners
low or negative. After the initial years of the partnership term, say three to five years from partnership inception, interim perf
without the J-Curve effect. This period is generally shorter for buyout partnerships than for venture capital and growth equity
fees and the general partners’ carried interest.
Vintage Year has been determined by Hamilton Lane and not the general partner.
Contributed Distributed NAV Net IRR Net Multiple
52,968,768 21,058,307 33,483,790 0.8% 1.0x
57,199,999 0 51,204,845 (16.2%) 0.9x
57,687,453 139,115,283 2,757,541 48.6% 2.5x
138,908,781 258,969,164 14,133,796 15.7% 2.0x
170,168,597 169,886,205 101,759,293 12.1% 1.6x
208,575,001 0 219,682,933 2.7% 1.1x
37,678,381 53,116,473 912,812 14.4% 1.4x
47,500,000 36,778,121 1,335,066 (3.0%) 0.8x
1,499,052 835 174,229 (92.1%) 0.1x
82,593,004 152,439,710 327,639 20.2% 1.8x
160,767,193 241,738,439 66,100,695 20.5% 1.9x
150,174,306 22,632,691 94,654,402 (12.0%) 0.8x
22,066,905 0 14,045,993 (96.0%) 0.0x
51,120,766 84,514,931 55,911 8.5% 1.7x
12,056,798 7,527,561 9,446,314 7.3% 1.4x
12,169,000 0 12,859,116 2.2% 1.1x
15,485,713 19,011,859 1,420,417 4.6% 1.3x
33,000,000 26,587,323 56,521 (2.8%) 0.8x
29,409,482 46,539,101 978,873 6.9% 1.6x
128,031,478 * * * *
28,029,749 49,207,385 * 23.9% *
14,000,000 25,162,526 * 9.8% *
10,583,445 27,143,653 * 29.9% *
21,148,025 46,734,778 * 17.1% *
12,432,813 15,074,977 * 22.0% *
27,450,000 13,103,753 * 11.0% *
14,730,874 17,850,968 * 3.6% *
9,031,536 0 6,177,242 (42.5%) 0.7x
91,392,627 14,407,375 81,761,700 3.0% 1.1x
29,711,740 83,807,012 5,003,148 25.0% 3.0x
49,343,040 102,611,925 2,078,614 17.4% 2.1x
107,150,174 102,015,982 62,878,803 12.6% 1.5x
87,464,449 211,140,521 1,846,262 36.3% 2.4x
131,267,071 207,799,730 5,617,841 7.6% 1.6x
107,686,750 96,165,079 54,883,006 9.2% 1.4x
195,114,494 20,348,156 197,834,456 8.6% 1.1x
0 0 0 N/A N/A
88,991,999 122,692,832 13,369,691 9.6% 1.5x
87,297,979 41,275,686 1 (12.3%) 0.5x
22,286,507 3,205,264 1 (71.8%) 0.1x
129,632,833 213,770,366 15,356,765 13.5% 1.8x
10,000,000 2,792,742 88,744 (33.9%) 0.3x
29,188,200 16,507,770 24,052,047 8.0% 1.4x
61,016,441 13,550,367 87,337,444 18.5% 1.7x
221,028,807 161,708,909 28,458,344 (5.5%) 0.9x
143,165,386 61,275,322 130,539,519 14.1% 1.3x
78,929,176 134,911,783 5,613,728 19.3% 1.8x
* * * * *
43,335,528 2,087,334 29,249,812 (27.0%) 0.7x
8,033,743 0 8,225,774 1.8% 1.0x
54,025,668 84,064,986 3,791,163 10.5% 1.6x
111,397,175 191,157,171 29,319,659 23.3% 2.0x
120,710,652 85,063,151 82,648,454 14.6% 1.4x
100,157,810 114,904,570 12,345,500 8.7% 1.3x
59,122,175 17,638,596 62,969,280 17.3% 1.4x
34,821,637 40,421,733 11,269,786 11.1% 1.5x
20,473,002 0 13,072,607 (37.8%) 0.6x
54,107,136 91,764,305 87,807 9.8% 1.7x
50,000,000 50,211,687 293,664 0.2% 1.0x
174,009,752 85,245,756 175,503,134 15.4% 1.5x
111,963,945 952,786 108,990,865 (2.7%) 1.0x
74,086,606 207,923,988 5,094,366 41.0% 2.9x
127,221,814 248,254,201 123,786 16.8% 2.0x
188,215,089 359,177,215 15,904,619 16.4% 2.0x
114,242,184 63,533,909 52,540,428 0.6% 1.0x
* * * * *
* * * * *
* * * * *
* * * * *
48,328,137 18,548,312 * (21.2%) *
42,342,099 55,481,123 440,167 7.1% 1.3x
86,316,993 126,218,868 1,202,283 9.4% 1.5x
133,177,967 87,186,105 143,970 (10.1%) 0.7x
0 0 0 N/A N/A
14,500,000 0 28,277,446 71.1% 2.0x
6,600,000 0 6,315,052 (6.8%) 1.0x
10,015,998 10,305,656 10,389 0.3% 1.0x
19,984,311 31,600,161 4,703,283 11.1% 1.8x
20,000,000 28,386,584 175,356,953 45.4% 10.2x
25,000,668 1,281,869 76,211,846 38.8% 3.1x
42,250,000 0 39,478,525 (3.9%) 0.9x
25,441,397 43,280,421 11,462 12.8% 1.7x
* * * * *
* * * * *
8,647,456 0 7,728,084 (10.6%) 0.9x
38,122,807 46,226,119 7,539,419 8.3% 1.4x
111,777,989 142,306,106 3,655,265 7.3% 1.3x
102,145,249 103,443,605 4,169,379 1.7% 1.1x
68,687,751 119,749,391 941,208 22.4% 1.8x
157,279,721 303,807,996 4,910,922 20.9% 2.0x
149,899,759 140,809,278 132,258,737 23.8% 1.8x
87,100,000 3,906,779 84,738,212 2.0% 1.0x
74,859,551 114,549,703 * 14.1% *
12,562,379 31,213,498 * 24.0% *
24,083,276 7,896,539 * 19.3% *
17,402,464 3,974,598 * (2.0%) *
38,374,186 18,442,355 * 19.3% *
0 0 0 N/A N/A
122,278,989 221,284,987 4,789,081 12.9% 1.8x
191,688,954 267,682,858 248,040,339 23.0% 2.7x
230,642,114 21,660,970 217,782,777 2.1% 1.0x
20,362,087 0 37,129,806 35.5% 1.8x
25,000,000 39,708,190 371,497 11.4% 1.6x
25,001,094 29,323,165 7,773,474 5.9% 1.5x
30,000,000 10,924,626 25,370,676 3.1% 1.2x
47,854,689 8,484,719 * (1.0%) *
* * * 16.6% *
* * * 27.0% *
* * * * *
* * * * *
* * * * *
* * * 38.7% *
* * * 31.6% *
* * * 10.9% *
* * * * *
* * * * *
20,250,000 0 18,565,022 (8.3%) 0.9x
22,000,000 51,145,663 7,506,901 26.4% 2.7x
16,319,999 37,956,804 10,592,908 22.5% 3.0x
38,334,604 11,084,070 77,091,113 30.0% 2.3x
118,142,669 20,350,051 229,863,661 24.6% 2.1x
27,858,016 69,157,622 200,135 19.2% 2.5x
53,300,379 107,974,045 34,104,574 20.8% 2.7x
98,230,434 128,647,294 97,301,628 18.7% 2.3x
71,840,000 27,396 83,967,565 14.8% 1.2x
25,000,000 31,166,047 11,698,266 11.2% 1.7x
40,036,078 23,847,294 35,201,524 9.7% 1.5x
20,000,000 10,363,013 2,603,244 (5.0%) 0.6x
21,209,999 0 21,367,056 1.4% 1.0x
80,515,308 126,511,701 120,994 11.3% 1.6x
120,918,636 140,199,371 18,900,001 5.8% 1.3x
11,250,000 838,103 7,225,959 (8.6%) 0.7x
19,600,000 4,119,039 27,642,491 7.8% 1.6x
81,457,591 121,730,780 19,481,273 8.9% 1.7x
115,258,235 118,900,319 79,164,570 17.0% 1.7x
47,362,754 100,183,173 * 22.8% *
43,158,101 15,131,180 * 11.0% *
0 0 * N/A *
7,092,756 0 * (6.0%) *
109,655,574 81,761,474 71,540,895 18.5% 1.4x
35,625,270 52,480 30,782,440 (20.3%) 0.9x
14,920,577 24,109,224 50,348 8.3% 1.6x
39,592,896 83,848,452 148,163 13.4% 2.1x
75,432,572 140,968,151 1,688,636 14.1% 1.9x
119,455,712 189,582,666 1,720,267 7.1% 1.6x
* * * * *
* * * * *
* * * * *
42,500,000 43,040,662 794,819 0.5% 1.0x
34,000,000 69,498,721 1,683,558 10.6% 2.1x
77,313,732 * * 12.6% *
19,907,466 10,966,853 15,575,155 4.3% 1.3x
21,100,601 65,351,277 88,011 17.6% 3.1x
47,361,360 97,941,450 2,178,215 16.9% 2.1x
30,000,000 29,148,149 3,838,716 1.6% 1.1x
25,000,000 63,385,663 2,668,854 15.5% 2.6x
49,250,000 64,331,152 5,324,884 6.6% 1.4x
19,600,000 8,228,230 1,037,726 (6.0%) 0.5x
15,000,000 23,679,872 1,198,937 30.5% 1.7x
10,000,000 6,933,069 932,009 (2.6%) 0.8x
72,019,014 14,078,720 60,327,503 2.1% 1.0x
47,375,631 0 55,185,745 36.0% 1.2x
68,788,936 104,930,299 174,213 6.9% 1.5x
146,551,173 198,111,038 685,604 5.4% 1.4x
152,363,533 112,103,874 94,627,148 10.5% 1.4x
53,307,905 145,498,021 359,270 20.7% 2.7x
89,022,708 245,780,251 * 33.2% *
127,989,793 259,495,417 * 15.9% *
111,709,486 201,792,767 * 12.9% *
165,218,220 218,518,738 * 10.6% *
150,269,429 73,368,183 * 2.1% *
16,102,347 0 * (86.2%) *
71,685,036 219,233,264 * 38.3% *
47,180,572 79,623,517 799,183 9.2% 1.7x
81,334,911 160,129,029 439,990 23.8% 2.0x
111,676,751 179,323,663 232,239 25.8% 1.6x
127,538,132 185,054,292 15,184,972 8.7% 1.6x
4,200,000 0 3,946,220 (6.0%) 0.9x
19,894,749 14,654,818 324,428 (3.3%) 0.8x
49,750,000 55,564,718 4,521,476 2.3% 1.2x
49,000,000 55,331,159 29,032,197 8.1% 1.7x
17,500,000 12,515,238 29,168,343 18.7% 2.4x
33,229,786 65,878,083 11,141 23.9% 2.0x
72,524,181 86,604,023 939,801 3.0% 1.2x
144,812,025 155,751,417 27,628,593 4.6% 1.3x
121,422,233 112,971,193 86,567,929 19.3% 1.6x
42,383,438 9,987,801 36,757,485 10.1% 1.1x
9,972,125 3,058,098 5,833,808 (14.9%) 0.9x
42,096,428 1,535,912 40,869,990 0.5% 1.0x
63,845,704 99,429,074 112,551 10.8% 1.6x
47,526,329 98,911,454 11,998,702 28.9% 2.3x
88,924,759 53,131,796 74,843,678 20.3% 1.4x
7,061,233 6,056 3,412,205 (34.3%) 0.5x
78,347,820 5,438,506 52,097,787 (18.6%) 0.7x
21,134,122 2,752,361 25,238,177 12.7% 1.3x
20,908,983 13,934,353 9,007,088 2.0% 1.1x
19,890,000 4,446,443 27,930,907 11.2% 1.6x
81,277,017 22,164,419 67,765,980 5.0% 1.1x
30,653,580 12,814,907 35,507,063 8.0% 1.6x
14,966,886 0 5,904,257 (10.0%) 0.4x
21,993,181 19,286,357 9,342,920 11.9% 1.3x
29,100,000 9,647,574 29,360,543 10.7% 1.3x
20,000,000 25,425,150 6,093,139 21.2% 1.6x
19,000,000 1,570,405 22,238,751 18.4% 1.3x
35,400,000 0 40,133,998 9.5% 1.1x
0 0 0 N/A N/A
40,000,000 0 78,414,895 17.2% 2.0x
12,500,000 45,026,554 7,785,924 51.4% 4.2x
20,000,000 26,917,871 40,844,142 31.9% 3.4x
24,875,000 7,493,095 36,574,773 15.3% 1.8x
20,875,000 0 22,404,055 4.9% 1.1x
0 0 0 N/A N/A
11,564,000 15,650,782 612,502 8.4% 1.4x
46,915,586 114,017,899 372,041 18.0% 2.4x
17,788,111 28,802,568 3,276,310 10.2% 1.8x
2,832,974 5,857,228 144,661 19.3% 2.1x
10,117,660 21,727,337 143,332 15.4% 2.2x
31,649,530 24,295,117 12,305,350 4.8% 1.2x
0 0 0 N/A N/A
43,253,627 55,554,478 17,389 5.0% 1.3x
161,603,619 297,702,453 82,253,337 22.7% 2.4x
202,405,686 106,858,538 235,808,235 32.7% 1.7x
37,500,000 0 31,447,477 (16.1%) 0.8x
94,487,500 6,869,026 108,095,914 11.7% 1.2x
29,859,000 43,699,238 4,070,398 12.7% 1.6x
73,808,641 162,213,944 52,557,350 22.9% 2.9x
84,811,373 13,091,413 128,697,614 12.6% 1.7x
54,435,000 0 50,700,835 (10.3%) 0.9x
50,737,429 0 50,244,068 (1.2%) 1.0x
68,102,452 54,931,682 73,926,108 31.5% 1.9x
59,461,973 196,639,094 515,192 44.0% 3.3x
90,343,126 210,726,018 42,989,980 38.1% 2.8x
157,363,082 195,930,545 236,365,442 28.5% 2.7x
101,242,318 6,886,993 129,646,633 13.4% 1.3x
91,724,430 0 97,501,050 9.7% 1.1x
28,335,930 51,080,122 21,519,984 34.0% 2.6x
52,031,933 45,081,371 57,980,711 19.9% 2.0x
40,141,804 85,646,580 261,478 24.2% 2.1x
132,856,806 207,226,755 5,037,528 7.8% 1.6x
49,165,847 16,532,268 54,689,772 19.7% 1.4x
15,209,357 3,805,565 13,535,612 42.0% 1.1x
20,411,446 0 18,547,751 (16.5%) 0.9x
22,551,065 25,469,547 1,734,357 3.3% 1.2x
52,851,486 64,691,327 4,054,266 8.5% 1.3x
56,659,119 20,050,691 58,792,534 17.1% 1.4x
12,062,600 0 10,498,293 (13.0%) 0.9x
2,692,406 57,143 2,328,741 (11.6%) 0.9x
69,086,224 171,400,457 99,804 24.5% 2.5x
82,254,032 157,466,054 907,872 15.3% 1.9x
131,540,123 176,239,290 2,353,798 4.8% 1.4x
217,866,558 288,347,912 38,349,499 10.0% 1.5x
* * * * *
* * * * *
42,108,659 5,437,720 42,839,204 10.2% 1.1x
0 0 0 N/A N/A
10,027,741 123,503,860 916,606 67.5% 12.4x
9,500,000 23,493,738 10,607,599 20.1% 3.6x
14,025,000 7,319,512 47,210,272 25.9% 3.9x
10,462,500 1,127,685 22,584,881 23.8% 2.3x
8,212,500 642,856 13,741,237 16.0% 1.8x
10,950,000 31,255,453 8,533,914 58.5% 3.6x
7,762,500 0 9,111,464 9.2% 1.2x
2,981,250 0 2,570,665 (30.7%) 0.9x
4,570,313 0 4,386,130 (5.6%) 1.0x
* * * * *
21,428,907 24,397,965 12,580 2.6% 1.1x
63,501,160 112,171,496 401,054 13.4% 1.8x
125,748,324 150,930,627 13,153,808 3.8% 1.3x
53,350,325 127,364,547 3,980,345 26.9% 2.5x
121,819,183 120,011,432 99,034,093 20.2% 1.8x
151,609,480 195,813,167 86,791,176 15.5% 1.9x
11,841,765 0 10,339,365 (16.4%) 0.9x
43,876,288 98,511,847 3,068,782 15.3% 2.3x
24,371,803 59,333,269 4,635,433 24.6% 2.6x
28,675,859 21,426,437 27,910,955 22.0% 1.7x
19,257,144 0 21,138,691 12.7% 1.1x
24,189,020 32,359,099 * 8.9% *
20,652,341 16,261,595 * 19.5% *
he coverage of M.G.L. c. 32, §23(6), and therefore may not be disclosed because
likely to cause substantial harm to the competitive position of the person or entity
rovided by the general partners but not prepared, reviewed, verified or approved by
ccurately reflect the current or expected future performance of the partnerships or the
funds.
ership investments due to a number of factors, such as the lack of industry valuation
es tend to be less meaningful in the early years of a partnership's term when underlying
his report are calculated by Hamilton Lane based on information provided by the
onfirmed by the general partners. The IRRs and multiples shown may differ from that
of close, sale of distributed stock, accounting for bridge loans and valuations. An
as IRRs and multiples is the J-Curve effect. Accounting for management fees and other
t, private equity partnership returns in the initial years of the partnership term may be
p inception, interim performance data may provide an indication of the rates of return
apital and growth equity partnerships. The IRRs shown above are net of management