Top Ten Performing Funds From The Colorado PERA Venture Portfolio (Slideshow)

The years from 1999 to 2008 can be described as venture’s difficult decade. Liquidity was hard to come by with the IPO market shut tight for much of the period.

The trouble GPs had reaping benefits from their investments is evident in the Colorado Public Employees’ Retirement Association’s venture portfolio. Far more of the 39 venture and balanced funds with venture style investments the potfolio managers picked during the years sport negative IRRs, rather than positive ones.

To be precise, 25 funds have returns in the red while 14 have IRRs in the black, according to a peHUB analysis of portfolio data updated through December.

With this backdrop, we thought we would highlight the funds best able to navigate these difficult waters. What follows are the top ten Colorado PERA venture funds from 2001 to 2008 based on IRR.

At the top of the list are funds from Longitude Capital Management Company, Technology Crossover Ventures and Galen Associates. See the rest for yourself. What follows is the slideshow, with capital commitments and IRRs

[slideshow]

[slide title=”No. 10: Lighthouse Capital Partners VI”]

Vintage: 2007

Firm: Lighthouse Capital Partners

Commitment: $25 million

Cash In: $20.1 million

Cash Out: $748,598

IRR: 3.22%

[slide title=”No. 9: Rho Ventures V”]

Vintage: 2005

Firm: Rho Capital Partners

Commitment: $$25 million

Cash In: $23.4 million

Cash Out: $3.1 million

IRR: 3.52%

[slide title=”No. 8: Centennial Ventures VII”]

Vintage: 2001

Firm: Centennial Ventures

Commitment: $60 million

Cash In: $56.4 million

Cash Out: $34.9 million

IRR: 5.29%

[slide title=”No. 7: Technology Crossover Ventures VI”]

Vintage: 2006

Firm: Technology Crossover Ventures

Commitment: $50 million

Cash In: $45.1 million

Cash Out: $19.8 million

IRR: 7.47%

[slide title=”No. 6: Columbia Capital Equity Partners IV”]

Vintage: 2005

Firm: Columbia Capital

Commitment: $25 million

Cash In: $20.6 million

Cash Out: $2.6 million

IRR: 8.62%

[slide title=”No. 5: Edison Venture Fund VI”]

Vintage: 2006

Firm: Edison Ventures

Commitment: $15 million

Cash In: $14.6 million

Cash Out: 0

IRR: 8.81%

[slide title=”No. 4: Highland Capital Partners VI”]

Vintage: 2001

Firm: Highland Capital Partners

Commitment: $25 million

Cash In: $25 million

Cash Out: $22 million

IRR: 8.9%

[slide title=”No. 3: Galen Partners IV”]

Vintage: 2003

Firm: Galen Associates

Commitment: $30 million

Cash In: $30.4 million

Cash Out: $26.5 million

IRR: 9.38%

[slide title=”No. 2: Technology Crossover Ventures V”]

Vintage: 2004

Firm: Technology Crossover Ventures

Commitment: $50 million

Cash In: $45.7 million

Cash Out: $33.9 million

IRR: 11.41%

[slide title=”No. 1: Longitude Venture Partners “]

Vintage: 2008

Firm: Longitude Capital Management Company

Commitment: $15 million

Cash In: $7.7 million

Cash Out: $507,941

IRR: 26.74%

[/slideshow]