LP Scorecard: CalPERS Funds of Funds Produce Top Performers

The underlying investments in funds of funds backed by CalPERS’s account for two of the top IRRs of its entire portfolio.

These are California Emerging Ventures’s commitments to the 1999 vintage Clearstone Venture Partners I-B LP, which posted an IRR of 154.7 percent and a vintage fund that is some 12 years younger—the 2011 Monomoy Capital Partners II LP backed by ...

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