Key Performance Indicators — As of December 31, 2026 (Actual)
Fund NAV
$88M
Partners' Capital
▲ +$50M vs prior year
Capital Deployed
55%
$82.5M of $150M called
4 of 5 calls complete
Portfolio MOIC
1.12x
FV $86M / Cost $77M
▲ Unrealized gain $9M
Gross IRR
12.4%
Since inception (annualised)
▲ Above 8% hurdle
Active Investments
4
0 realised | 0 written off
100% active
Distributions Paid
$0
First distribution 2027F
$8M expected 2027F
Portfolio Companies
TechFlow Solutions
Software & SaaS · Control Buyout
Entry DateJul 2025
Cost$30.0M
Current FV (2026)$38.0M
Unrealized G/L+$8.0M
1.27x MOIC
HealthFirst Clinics
Healthcare Services · Control Buyout
Entry DateApr 2026
Cost$22.0M
Current FV (2026)$23.0M
Unrealized G/L+$1.0M
1.05x MOIC
GreenPath Logistics
Supply Chain & Logistics · Control Buyout
Entry DateAug 2026
Cost$15.0M
Current FV (2026)$15.0M
Unrealized G/L$—
1.00x MOIC
ClearBridge Manufacturing
Industrial Manufacturing · Control Buyout
Entry DateNov 2026
Cost$10.0M
Current FV (2026)$10.0M
Unrealized G/L$—
1.00x MOIC
Fund Performance — 5-Year View
2025–2026 Actual
2027–2029 Forecast
Fund NAV & Cumulative Distributions
Total Value to LPs (NAV + Distributions) over 5 years ($M)
NAV (Actual)
NAV (Forecast)
Cumulative Distributions
Total Value (DPI + RVPI)
LP Allocation
% of $150M total fund commitments
Portfolio Fair Value by Company
Stacked fair value ($M) — 2025 to 2029F
TechFlow Solutions
HealthFirst Clinics
GreenPath Logistics
ClearBridge Mfg
Capital Calls & Distributions
Annual cash flows ($M) — actual and forecast
Capital Called (Actual)
Capital Called (Forecast)
Distributions (Forecast)
Investment MOIC — 2029 Forecast Exit
Cost vs projected exit value ($M)
% Capital Deployed — Vintage Pacing
Cumulative % of commitments called by year
Limited Partner Capital Accounts — As of December 31, 2026
LP Capital Account Summary
All figures in USD | NAV allocated on pro-rata commitment basis
8 Limited Partners
| Limited Partner | Commitment ($) | % Fund | Total Called ($) | Distributions ($) | Alloc. NAV ($) | Net IRR | MOIC | % Deployed |
|---|
5-Year Financial Summary
Fund-Level Key Metrics by Year
Amounts in $M | A = Actual | F = Forecast
| Metric | 2025A | 2026A | 2027F | 2028F | 2029F |
|---|---|---|---|---|---|
| Cumulative Capital Called ($M) | $37.5 | $82.5 | $82.5 | $82.5 | $82.5 |
| % Committed Capital Called | 25% | 55% | 55% | 55% | 55% |
| Portfolio at Fair Value ($M) | $32.0 | $86.0 | $106.0 | $131.0 | $155.0 |
| Unrealized Gain / (Loss) ($M) | $2.0 | $9.0 | $29.0 | $54.0 | $55.0 |
| Management Fees ($M) | ($1.5) | ($3.0) | ($3.0) | ($3.0) | ($3.0) |
| Annual Distributions ($M) | — | — | $8.0 | $45.0 | $30.0 |
| Cumulative Distributions ($M) | — | — | $8.0 | $53.0 | $83.0 |
| Fund NAV ($M) | $38.0 | $88.0 | $97.0 | $72.0 | $62.0 |
| Total Value (NAV + Distrib.) ($M) | $38.0 | $88.0 | $105.0 | $125.0 | $145.0 |
| TVPI (Gross) | 1.01x | 1.07x | 1.27x | 1.52x | 1.76x |
| Gross IRR (Since Inception) | 4.2% | 12.4% | 18.1% | 21.6% | 24.3% |