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Financial Investments

Companies
Sources
Portfolio

$61.4M

1.07x
Unfunded

$12.8M

$3.7M pending

Cash Flow

-$400K

2/6 positive

IRR

7.5%

2/4

6

Funds

$70.0M

Committed

$57.2M

Invested

$825K

Qtr Dist.

2

Performing

4

Deploying

Silver Lake Fund VIII2021Deploying

1.14x

Private Equity$800K
$14.2M$2.5M

+8.5%

IRR

Committed

$15.0M

Invested

$12.5M

83% called

Value

$14.2M

1.14x

Unfunded

$2.5M

Outstanding

Cash Flow

-$800K

-$67K/mo

Qtr Dist.

None

Next Call

$800K

Jan 15

Notes

Strong tech PE fund mid-deployment. Next capital call in 2 weeks.

Ares Credit Opportunities2022Performing

1.09x

Private Credit$200K
$7.8M$800K

+11.2%

IRR

Committed

$8.0M

Invested

$7.2M

90% called

Value

$7.8M

1.09x

Unfunded

$800K

Outstanding

Cash Flow

$520K

$43K/mo

Qtr Dist.

$180K

Jan 1

Next Call

$200K

Feb 28

Notes

Strong quarterly distributions. Small capital call next month for new opportunities. Net positive after distributions.

Bluerock Multi-Family2020Stabilized

1.08x

Real Estate
$19.5M$2.0M

+9.8%

IRR

Committed

$20.0M

Invested

$18.0M

90% called

Value

$19.5M

1.08x

Unfunded

$2.0M

Outstanding

Cash Flow

$1.8M

$150K/mo

Qtr Dist.

$450K

Jan 1

Calls

None

Fully deployed

Notes

Mature fund with consistent quarterly distributions from rental income. No capital calls expected.

Insight Partners Fund2023Early

0.84x

Tech PE
$4.2M$0

-3.2%

IRR

Committed

$5.0M

Invested

$5.0M

100% called

Value

$4.2M

0.84x

Unfunded

$0

Fully funded

Cash Flow

$0

$0/mo

Qtr Dist.

None

Calls

None

Fully deployed

Notes

Early-stage fund in J-curve. No distributions yet, fully funded. Expect negative returns to reverse in 2-3 years.

Hamilton Lane Infra2023Deploying

1.08x

Infrastructure$1.2M
$6.5M$4.0M

+7.1%

IRR

Committed

$10.0M

Invested

$6.0M

60% called

Value

$6.5M

1.08x

Unfunded

$4.0M

Outstanding

Cash Flow

-$900K

-$75K/mo

Qtr Dist.

$75K

Jan 1

Next Call

$1.2M

Jan 20

Notes

Infrastructure fund deploying capital. Quarterly distributions starting but capital calls still exceed distributions.

Carlyle Asia Fund2022J-Curve

1.07x

PE$1.5M
$9.1M$3.5M

+4.8%

IRR

Committed

$12.0M

Invested

$8.5M

71% called

Value

$9.1M

1.07x

Unfunded

$3.5M

Outstanding

Cash Flow

-$1.0M

-$85K/mo

Qtr Dist.

$120K

Jan 1

Next Call

$1.5M

Feb 15

Notes

In J-curve phase, capital calls exceeding distributions. Expect turnaround in 12-18 months.