preqin private equity benchmarks

Preqin Private Equity Benchmarks:All Private Equity Benchmark Report

As of 31st December 2013

alternative assets. intelligent data.

This publication is not included in the CLA Licence so you must not copy any portion of it without the permission of the publisher.

All rights reserved. The entire contents of the report are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in the report is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent fi nancial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of the report.

While reasonable efforts have been used to obtain information from sources that are believed to be accurate, and to confi rm the accuracy of such information wherever possible, Preqin Ltd. Does not make any representation or warranty that the information or opinions contained in the report are accurate, reliable, up-to-date or complete.

Although every reasonable effort has been made to ensure the accuracy of this publication Preqin Ltd. does not accept any responsibility for any errors or omissions within the report or for any expense or other loss alleged to have arisen in any way with a reader’s use of this publication.



Report Produced on 21st July 2014

Preqin Private Equity Benchmarks ® are calculated using performance information available from our online Performance Analyst database, the world’s most extensive, transparent database of private equity fund performance. Users of the online database have access to all of the underlying fund performance data used to calculate these benchmarks. With performance for over 7,000 private equity funds, the Performance Analyst online database is regularly updated and fully searchable. Further information can be found at www.preqin.com/pa.

All the performance figures used to generate the Preqin Private Equity Market Benchmarks are net position to investor – i.e. all commitments, contributions, distributions, remaining values and IRRs are all based on the net position for the institutional investor before tax but after the management fees and carry of the general partner.

The Preqin All Private Equity Market Benchmark is based on performance data for 4,562 funds of vintages 1982 to 2013 as of 31st December 2013.

Preqin gathers fund returns information from a very wide and diverse range of sources, including public institutions via freedom of information legislations, published reports of a number of listed fund of funds vehicles and GP voluntary contributions. The sheer extent of the data sources that we now use provides many opportunities to crosscheck and verify data for an individual partnership from different sources, and increases our confidence in the data.

A growing number of GPs have concluded that it is in their best interests to voluntarily share information on their partnerships: given that many prospective investors are seeing this information, it is better that they should have access to the most current and accurate figures possible. Even where data comes direct from the GP, however, our aim is still to show the net position for LPs, after management fees and carry. We are again very grateful to the significant number of GPs who now share data with us in this way; currently 1,000 GPs are contributing data on their funds. If you would like further details on contributing information on your firm please contact us at [email protected].



Report Produced on 21st July 2014

Median Benchmark - All Private Equity All Regions - As of 31st December 2013 .........................p4.

Median Benchmark - All Private Equity North America - As of 31st December 2013 ..................p6.

Median Benchmark - All Private Equity Europe - As of 31st December 2013 ................................p8.

Median Benchmark - All Private Equity Asia ...................................................................................p10.

Weighted Benchmark - All Private Equity All Regions - As of 31st December 2013 ....................p12.

Pooled Benchmark - All Private Equity All Regions .........................................................................p14.

Horizon IRRs - As of 31st December 2013 .........................................................................................p16.

List of Constituent Funds ....................................................................................................................p20.

Q4 2013 Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

4 © 2014 Preqin Ltd. / www.preqin.com

Preqin Median Benchmarks: All Private Equity All Regions is calculated using data for 4,562 funds of vintages between 1982 and 2013 with performance as of 31st December 2013 and includes liquidated funds. Preqin holds performance data for more than 7,000 private equity funds. All returns are net of management fees, expenses and carry.

Preqin Median Benchmarks: All Private Equity All Regions as of 31st December 2013

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%)

Vintage No. Funds

Called (%)

Dist (%) DPI

Value (%) RVPI Q1 Median Q3 Q1 Median Q3 Max Min

2013 160 12.7 0.0 94.9 1.03 0.96 0.84 n/m n/m n/m n/m n/m2012 182 30.0 0.0 100.8 1.19 1.07 0.95 n/m n/m n/m n/m n/m2011 255 47.4 3.6 104.5 1.27 1.13 1.02 n/m n/m n/m n/m n/m2010 190 71.2 14.4 104.0 1.42 1.27 1.12 19.0 13.3 8.0 81.3 -95.12009 161 82.0 24.3 100.0 1.55 1.33 1.15 20.0 13.6 6.7 448.0 -15.12008 341 86.6 30.0 93.6 1.48 1.31 1.14 16.3 11.2 6.4 46.0 -25.32007 378 91.3 38.5 86.3 1.51 1.33 1.12 12.7 8.4 4.2 58.2 -50.92006 351 94.7 49.4 75.3 1.50 1.30 1.08 10.1 6.9 2.1 32.8 -100.02005 298 97.3 72.1 54.7 1.62 1.35 1.03 12.6 7.4 3.5 105.5 -100.02004 169 98.9 100.0 40.0 1.74 1.44 1.08 15.0 8.7 2.5 79.8 -26.02003 144 99.1 129.6 27.4 1.93 1.57 1.30 21.6 12.8 7.2 239.7 -49.92002 134 100.0 132.0 14.4 2.04 1.58 1.26 26.0 12.7 6.9 93.0 -47.22001 174 100.0 149.0 11.0 2.15 1.61 1.29 25.1 13.0 6.4 94.0 -19.42000 263 99.1 133.0 9.2 2.00 1.46 1.01 19.2 10.4 1.4 138.0 -96.01999 173 100.0 140.6 0.3 1.83 1.42 0.92 15.4 9.2 1.0 154.7 -40.61998 178 100.0 143.2 0.0 1.90 1.45 1.10 17.1 9.7 2.6 1015.7 -100.01997 161 100.0 159.3 0.0 2.33 1.63 1.22 24.1 12.8 4.8 267.8 -45.71996 113 100.0 165.0 0.0 2.19 1.67 1.26 25.5 13.2 6.5 188.4 -33.31995 103 100.0 186.8 0.0 2.48 1.87 1.38 29.2 17.9 9.4 447.4 -22.01994 89 100.0 188.3 0.0 2.59 1.88 1.35 36.5 18.3 10.1 94.1 -22.61993 82 100.0 232.4 0.0 3.40 2.32 1.53 42.7 21.7 10.9 105.7 -29.11992 65 100.0 176.8 0.0 2.54 1.77 1.34 28.7 18.6 7.9 87.2 -49.91991 40 100.0 222.4 0.0 3.01 2.23 1.74 33.0 23.4 11.9 346.4 -0.51990 64 100.0 207.6 0.0 2.56 2.08 1.42 25.3 16.8 8.4 74.4 -35.91989 70 100.0 227.2 0.0 3.26 2.27 1.55 30.5 16.0 10.9 198.5 -42.11988 47 100.0 221.1 0.0 3.11 2.21 1.78 30.1 15.7 10.5 54.5 -9.31987 42 100.0 210.2 0.0 3.30 2.10 1.36 20.3 14.5 7.2 31.3 -12.41986 37 100.0 193.7 0.0 2.47 1.94 1.43 16.2 12.0 5.7 279.7 -4.91985 35 100.0 218.6 0.0 3.00 2.19 1.51 17.8 13.0 8.5 40.7 4.01984 27 100.0 216.0 0.0 2.93 2.16 1.58 14.7 12.5 7.5 96.2 1.71983 21 100.0 175.5 0.0 2.89 1.76 1.53 25.4 10.9 5.5 51.6 -3.51982 15 100.0 191.3 0.0 3.06 1.91 1.70 15.8 9.7 7.0 64.3 -1.6

Source: Preqin Performance Analyst



All Private Equity All Regions - Median Called, Distributions and Residual Value Ratios by Vintage as of 31st December 2013

0

20

40

60

80

100

120

140

160

180

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Distributions to Paid-in Capital (%) Residual Value to Paid-in Capital (%)Called-up to Committed Capital (%)

%


All Private Equity All Regions - Median Net IRRs and Quartile Boundaries by Vintage as of 31st December 2013

0

5

10

15

20

25

30

35

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Top Quartile IRR Boundary Median IRR Bottom Quartile IRR Boundary

Ne

t IR

R s

inc

e In

ce

ptio

n (

%)




Preqin Median Benchmarks: All Private Equity North America is calculated using data for 3,089 funds of vintages between 1982 and 2013 with performance as of 31st December 2013 and includes liquidated funds. Preqin holds performance data for more than 4,700 North American private equity funds. All returns are net of management fees, expenses and carry.

Preqin Median Benchmarks: All Private Equity North America as of 31st December 2013

Vintage No. Funds

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%)Called

(%)Dist

(%) DPIValue

(%) RVPI Q1 Median Q3 Q1 Median Q3 Max Min

2013 101 11.8 0.0 95.9 1.03 0.96 0.86 n/m n/m n/m n/m n/m2012 121 33.7 0.1 102.0 1.19 1.08 0.98 n/m n/m n/m n/m n/m2011 151 51.0 6.3 106.1 1.30 1.17 1.07 n/m n/m n/m n/m n/m2010 130 73.0 16.0 103.0 1.44 1.29 1.15 19.1 13.4 8.7 74.5 -95.12009 103 83.9 29.0 101.0 1.58 1.37 1.23 20.7 15.6 10.0 77.7 -15.02008 212 87.8 36.5 92.0 1.50 1.34 1.19 17.0 12.0 7.3 46.0 -24.12007 216 92.4 46.5 87.0 1.56 1.35 1.18 13.9 9.3 5.2 58.2 -34.22006 230 96.0 50.3 73.1 1.51 1.31 1.10 10.0 6.9 1.9 32.8 -100.02005 184 97.3 67.4 63.5 1.63 1.35 1.08 11.0 7.2 3.1 49.0 -61.62004 123 99.6 91.5 41.3 1.70 1.39 1.04 13.3 8.4 1.2 75.0 -26.02003 95 100.0 122.2 24.0 1.88 1.55 1.29 20.6 12.5 6.9 57.6 -49.92002 85 100.0 124.0 18.3 1.83 1.54 1.07 23.7 10.6 3.6 78.8 -47.22001 115 100.0 138.8 16.0 2.06 1.58 1.27 23.6 11.8 5.6 94.0 -19.42000 184 99.0 131.6 12.6 1.96 1.46 1.06 17.6 9.4 1.5 138.0 -96.01999 127 100.0 135.9 0.7 1.79 1.41 0.91 13.6 8.3 -1.6 154.7 -40.61998 131 100.0 139.6 0.0 1.83 1.40 0.94 16.1 9.0 0.2 514.3 -46.11997 111 100.0 159.3 0.0 2.41 1.63 1.23 24.1 13.1 4.8 267.8 -21.61996 93 100.0 162.4 0.0 2.14 1.63 1.25 26.2 11.1 5.4 188.4 -33.31995 80 100.0 188.5 0.0 2.54 1.90 1.44 32.9 19.6 10.1 447.4 -22.01994 68 100.0 186.4 0.0 2.42 1.87 1.34 32.8 18.1 9.7 94.1 -22.61993 66 100.0 232.4 0.0 3.40 2.32 1.59 40.6 22.8 12.3 105.7 -29.11992 48 100.0 174.4 0.0 2.70 1.75 1.18 29.8 18.6 9.9 87.2 -49.91991 28 100.0 237.3 0.0 3.64 2.38 1.82 47.7 21.7 12.5 346.4 -0.51990 46 100.0 222.1 0.0 2.74 2.22 1.62 26.5 17.2 8.7 74.4 -35.91989 59 100.0 233.0 0.0 3.32 2.33 1.60 31.9 14.8 10.7 198.5 -42.11988 40 100.0 246.5 0.0 3.30 2.47 1.78 31.2 20.3 11.5 54.5 1.21987 35 100.0 215.2 0.0 3.67 2.15 1.43 20.3 14.7 6.1 31.3 -12.41986 32 100.0 194.8 0.0 2.47 1.95 1.43 16.5 11.0 5.7 279.7 -4.91985 26 100.0 214.6 0.0 3.00 2.15 1.51 17.5 13.0 8.3 40.7 4.01984 21 100.0 209.3 0.0 3.04 2.09 1.58 16.4 13.1 7.5 96.2 6.01983 18 100.0 181.3 0.0 2.89 1.81 1.44 30.4 10.9 5.0 51.6 -3.51982 10 100.0 184.0 0.0 2.59 1.84 1.72 25.3 9.3 7.0 64.3 -1.6




All Private Equity North America - Median Called, Distributions and Residual Value Ratios by Vintage as of 31st December 2013

0

20

40

60

80

100

120

140

160

180

200

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013


%


All Private Equity North America - Median Net IRRs and Quartile Boundaries by Vintage as of 31st December 2013

-5

0

5

10

15

20

25

30

35

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010


Ne

t IR

R s

inc

e In

ce

ptio

n (

%)




Preqin Median Benchmarks: All Private Equity Europe is calculated using data for 917 funds of vintages between 1990 and 2013 with performance as of 31st December 2013 and includes liquidated funds. Preqin holds performance data for more than 2,100 European private equity funds. All returns are net of management fees, expenses and carry.

Preqin Median Benchmarks: All Private Equity Europe as of 31st December 2013

Vintage No. Funds


(%)Dist

(%) DPIValue


2013 33 13.9 0.0 94.0 1.08 0.94 0.75 n/m n/m n/m n/m n/m2012 39 28.9 0.0 100.0 1.20 1.01 0.81 n/m n/m n/m n/m n/m2011 47 42.0 0.9 98.1 1.16 1.06 0.94 n/m n/m n/m n/m n/m2010 39 65.1 5.1 101.5 1.35 1.22 0.99 18.6 9.7 3.0 38.0 -21.42009 41 77.5 18.9 94.9 1.42 1.17 1.04 20.6 8.8 5.2 448.0 -15.12008 75 83.3 22.8 94.7 1.46 1.25 1.10 14.8 9.0 6.9 44.2 -25.32007 95 89.8 29.2 83.9 1.41 1.22 0.96 9.4 6.7 0.0 53.7 -50.92006 79 90.7 42.6 82.2 1.48 1.26 1.01 9.1 5.8 0.1 29.0 -34.92005 73 95.6 60.6 52.5 1.54 1.29 0.97 14.5 7.6 4.7 76.9 -100.02004 30 96.4 109.7 43.0 1.87 1.48 1.25 18.9 9.3 5.5 79.8 -18.22003 40 96.8 138.0 29.1 2.15 1.59 1.30 25.4 13.7 7.9 239.7 -1.02002 35 96.0 154.7 13.0 2.15 1.68 1.36 32.0 18.6 10.7 72.0 -13.02001 44 99.4 153.7 5.2 2.13 1.64 1.33 25.5 14.0 9.3 70.0 -7.62000 51 99.4 144.1 3.0 2.26 1.66 1.08 26.3 13.6 5.5 34.0 -13.71999 37 98.5 145.0 0.0 1.95 1.50 1.08 17.1 12.2 2.5 39.6 -14.11998 28 100.0 148.0 0.0 1.85 1.48 1.19 18.0 8.2 3.4 31.3 -3.01997 39 100.0 166.8 0.0 2.26 1.67 1.14 27.2 11.6 3.2 168.5 -45.71996 13 100.0 187.1 0.0 2.51 1.87 1.01 22.0 19.0 11.0 63.0 -17.71995 16 100.0 170.0 0.0 2.35 1.70 1.06 28.5 17.5 3.0 76.2 -19.91994 17 100.0 210.0 0.0 3.17 2.12 1.67 55.0 24.9 11.7 58.0 10.11993 11 100.0 275.4 0.0 7.85 2.75 1.49 57.0 25.2 13.0 69.4 0.81992 13 100.0 206.1 0.0 2.40 2.06 1.46 34.5 22.0 9.2 53.6 4.81991 9 100.0 248.0 0.0 2.88 2.48 2.04 27.5 25.3 24.8 33.0 11.91990 13 100.0 165.6 0.0 2.35 1.66 1.38 25.0 16.8 8.0 72.0 -3.5




All Private Equity Europe - Median Called, Distributions and Residual Value Ratios by Vintage as of 31st December 2013

0

20

40

60

80

100

120

140

160

180

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013


%


All Private Equity Europe - Median Net IRRs and Quartile Boundaries by Vintage as of 31st December 2013

-10

0

10

20

30

40

50

60

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010


Ne

t IR

R s

inc

e In

ce

ptio

n (

%)




Preqin Median Benchmarks: All Private Equity Asia is calculated using data for 468 funds of vintages between 1997 and 2013 with performance and includes liquidated funds. Preqin holds performance data for more than 500 Asian private equity funds. All returns are net of management fees, expenses and carry.

Preqin Median Benchmarks: All Private Equity Asia

Vintage No. Funds


(%)Dist

(%) DPIValue


2013 28 14.4 0.0 93.0 1.13 0.94 0.83 n/m n/m n/m n/m n/m2012 29 40.5 0.0 96.5 1.17 1.01 0.94 n/m n/m n/m n/m n/m2011 57 54.0 0.2 103.3 1.26 1.07 1.00 19.6 10.0 1.2 61.0 -14.02010 20 79.9 14.4 112.3 1.34 1.28 1.07 21.6 13.9 7.9 73.3 -12.32009 21 80.3 9.8 96.1 1.36 1.12 0.99 14.6 7.6 0.5 24.7 -19.72008 69 88.0 22.6 87.3 1.31 1.13 1.02 13.2 6.9 2.0 44.0 -36.12007 65 92.8 29.4 92.1 1.47 1.31 1.01 11.3 8.4 3.0 22.7 -19.52006 48 94.1 68.8 57.7 1.46 1.27 1.00 13.8 6.9 0.4 50.0 -19.22005 40 100.0 108.1 30.8 1.81 1.41 0.98 21.4 8.5 3.5 105.5 -17.92004 18 99.1 105.9 1.0 1.94 1.30 0.90 25.7 7.3 1.3 29.4 -12.72003 10 100.0 156.5 2.5 2.41 1.64 1.29 29.1 14.7 10.1 59.2 1.92002 8 100.0 193.5 0.0 2.18 1.94 1.13 n/a 11.9 n/a 93.0 -4.02001 10 100.0 234.2 1.0 3.60 2.35 1.87 38.4 26.8 20.3 57.1 16.22000 20 96.0 154.3 0.0 2.16 1.57 1.19 26.2 18.1 7.3 34.0 -4.11999 9 99.0 170.8 0.5 2.62 1.84 1.15 17.6 14.3 4.0 27.0 0.51998 7 100.1 184.2 0.0 n/a 1.84 n/a n/a 14.0 n/a 16.4 -9.81997 9 94.2 154.8 0.0 2.20 1.55 1.43 24.0 8.6 7.3 63.7 6.2




All Private Equity Asia - Median Called, Distributions and Residual Value Ratios by Vintage

0

50

100

150

200

250

300

1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013


%


All Private Equity Asia - Median Net IRRs and Quartile Boundaries by Vintage

0

5

10

15

20

25

30

35

40

45

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011


Ne

t IR

R s

inc

e In

ce

ptio

n (

%)




Preqin Weighted Benchmarks: All Private Equity - All Regions, North America, Europe and Asia are calculated using performance data as of 31st December 2013 for 4,164 private equity funds of vintages between 1992 and 2013.

Preqin Weighted Benchmarks: All Private Equity - All Regions, North America, Europe and Asia as of 31st December 2013

VintageAll Regions North America Europe Asia

Weighted Multiple (X) IRR (%) Weighted

Multiple (X) IRR (%) Weighted Multiple (X) IRR (%) Weighted

Multiple (X) IRR (%)

2013 0.98 n/m 0.97 n/m 0.93 n/m 1.06 n/m2012 1.13 n/m 1.15 n/m 1.12 n/m 1.06 n/m2011 1.16 n/a 1.25 n/a 1.14 n/a 1.10 n/a2010 1.34 16.0 1.30 14.4 1.22 14.3 1.53 21.32009 1.35 13.9 1.41 15.5 1.28 12.3 1.17 7.52008 1.36 10.7 1.39 11.2 1.30 9.8 1.25 9.52007 1.36 8.5 1.36 8.9 1.20 4.5 1.44 9.62006 1.33 6.0 1.33 5.9 1.31 5.5 1.31 6.52005 1.46 9.5 1.47 7.6 1.62 12.8 1.33 10.52004 1.74 15.5 1.61 12.1 2.03 25.0 1.81 15.62003 2.05 21.9 1.77 13.6 1.97 22.5 2.68 36.12002 1.76 18.2 1.66 16.8 1.95 28.1 1.78 12.72001 1.85 18.6 1.83 18.0 1.79 19.8 3.16 27.22000 1.63 14.7 1.68 12.3 1.82 17.4 1.52 20.61999 1.39 6.3 1.36 5.3 1.81 13.6 1.20 4.31998 1.50 8.2 1.38 6.3 1.94 14.9 1.52 13.61997 2.19 19.7 1.69 13.3 1.93 23.8 3.16 30.11996 1.74 13.7 1.70 12.8 2.01 17.6 n/a n/a1995 2.28 18.0 2.35 22.2 2.39 31.6 n/a n/a1994 3.27 37.6 2.58 28.2 2.05 38.7 n/a n/a1993 2.91 26.8 2.96 27.6 2.44 20.7 n/a n/a1992 1.73 14.4 1.85 21.6 2.33 22.1 n/a n/a




All Private Equity - All Regions, North America, Europe and Asia - Weighted IRRs by Vintage as of 31st December 2013

0

5

10

15

20

25

30

35

40

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

All Regions North America Europe Asia

We

igh

ted

Ne

t IR

R s

inc

eIn

ce

ptio

n (

%)


All Private Equity - All Regions, North America, Europe and Asia - Weighted Multiples by Vintage as of 31st December 2013

0

1

2

3

4

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

All Regions North America Europe Asia

We

igh

ted

Mu

ltip

le (

X)




Preqin Pooled Benchmarks: All Private Equity - All Regions, North America and Europe are calculated using cash fl ow data for 2,138 private equity funds.

Preqin Pooled IRRs: All Private Equity - All Regions, North America and Europe

Vintage All Regions Pooled IRR (%) Europe Pooled IRR (%) North America Pooled IRR (%)2014 n/m n/a n/m2013 n/m n/m n/m2012 n/m n/m n/m2011 17.4 22.4 18.02010 13.6 14.0 14.12009 14.4 8.0 17.02008 14.2 11.7 15.12007 8.2 4.5 9.42006 4.9 4.9 5.52005 8.7 9.6 9.02004 12.2 20.6 11.12003 16.0 13.1 16.42002 20.1 27.3 14.82001 17.6 25.0 16.22000 10.6 22.2 9.61999 6.4 16.1 3.91998 9.0 15.9 6.9




All Private Equity All Regions, North America and Europe - Pooled IRRs by Vintage

0

5

10

15

20

25

30

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

All Regions Europe North America

Po

ole

d IR

R s

inc

e In

ce

ptio

n (

%)




Horizon IRRs by Fund Type as of 31st Dec 2013

Horizon All Private Equity Buyout Venture Capital Fund of Funds Mezzanine Distressed PE1 Year to Dec 2013 18.0 19.2 19.7 13.1 10.4 16.63 Years to Dec 2013 13.9 14.8 11.7 10.6 12.6 13.05 Years to Dec 2013 13.5 16.4 9.2 9.7 8.5 16.1

10 Years to Dec 2013 20.0 23.9 5.3 10.8 20.3 21.0Source: Preqin Performance Analyst

Horizon IRRs by Fund Type as of 31st Dec 2013

0

5

10

15

20

25

30

1 Year to Dec 2013 3 Years to Dec 2013 5 Years to Dec 2013 10 Years to Dec 2013

All Private Equity Buyout Venture CapitalFund of Funds Mezzanine Distressed PE

Ho

rizo

n IR

R (

%)




Rolling One-Year Horizon IRRs by Fund Type

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate1 Year to Dec 2000 10.1 3.6 38.1 -1.3 14.0 11.41 Year to Dec 2001 -2.7 -3.2 -34.3 -5.2 13.8 7.81 Year to Dec 2002 -9.1 -4.0 -31.6 -23.2 -2.1 6.71 Year to Dec 2003 17.5 24.3 -6.0 -15.1 6.8 14.91 Year to Dec 2004 25.0 30.3 7.1 7.5 20.4 19.81 Year to Dec 2005 27.0 29.7 4.5 16.9 13.6 60.81 Year to Dec 2006 29.1 32.3 15.8 17.9 31.7 42.61 Year to Dec 2007 26.0 30.7 21.3 23.2 18.8 13.51 Year to Dec 2008 -27.6 -31.0 -16.2 -12.0 4.0 -39.91 Year to Dec 2009 13.8 16.7 5.0 0.2 2.3 -25.31 Year to Dec 2010 18.8 22.6 10.9 13.3 8.6 4.71 Year to Dec 2011 9.2 8.4 8.4 7.8 15.7 14.61 Year to Dec 2012 12.9 15.1 7.0 8.7 10.0 6.51 Year to Dec 2013 18.0 19.2 19.7 13.1 10.4 17.9


Rolling One-Year Horizon IRRs by Fund Type

-60

-40

-20

0

20

40

60

80

1 Y

ea

r to

De

c 2

000

1 Y

ea

r to

De

c 2

001

1 Y

ea

r to

De

c 2

002

1 Y

ea

r to

De

c 2

003

1 Y

ea

r to

De

c 2

004

1 Y

ea

r to

De

c 2

005

1 Y

ea

r to

De

c 2

006

1 Y

ea

r to

De

c 2

007

1 Y

ea

r to

De

c 2

008

1 Y

ea

r to

De

c 2

009

1 Y

ea

r to

De

c 2

010

1 Y

ea

r to

De

c 2

011

1 Y

ea

r to

De

c 2

012

1 Y

ea

r to

De

c 2

013

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate

Ho

rizo

n IR

R (

%)




Rolling Three-Year Horizon IRRs by Fund Type

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate3 Years to Dec 2000 14.9 11.7 62.4 21.9 16.8 3.23 Years to Dec 2001 10.6 4.0 87.3 8.9 12.2 7.33 Years to Dec 2002 -4.9 -4.9 -17.6 -13.1 1.2 7.43 Years to Dec 2003 4.3 6.0 -19.0 -10.6 5.4 8.63 Years to Dec 2004 10.2 15.8 -8.5 -4.5 7.2 12.53 Years to Dec 2005 23.0 27.8 3.0 8.3 12.6 23.43 Years to Dec 2006 26.2 30.4 8.6 20.3 19.0 38.03 Years to Dec 2007 30.2 34.4 14.3 23.5 21.1 36.93 Years to Dec 2008 11.3 14.1 5.4 7.0 26.5 0.03 Years to Dec 2009 0.3 0.2 0.3 1.3 6.5 -18.33 Years to Dec 2010 0.8 0.9 -0.7 0.8 3.4 -12.23 Years to Dec 2011 13.9 15.7 7.0 8.0 9.3 -2.63 Years to Dec 2012 13.3 15.3 8.9 10.4 10.0 6.43 Years to Dec 2013 13.9 14.8 11.7 10.6 12.6 12.9


Rolling Three-Year Horizon IRRs by Fund Type

-40

-20

0

20

40

60

80

100

3 Ye

ars

to

De

c 2

000

3 Ye

ars

to

De

c 2

001

3 Ye

ars

to

De

c 2

002

3 Ye

ars

to

De

c 2

003

3 Ye

ars

to

De

c 2

004

3 Ye

ars

to

De

c 2

005

3 Ye

ars

to

De

c 2

006

3 Ye

ars

to

De

c 2

007

3 Ye

ars

to

De

c 2

008

3 Ye

ars

to

De

c 2

009

3 Ye

ars

to

De

c 2

010

3 Ye

ars

to

De

c 2

011

3 Ye

ars

to

De

c 2

012

3 Ye

ars

to

De

c 2

013

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate

Ho

rizo

n IR

R (

%)


Performance Analyst is the most comprehensive, detailed source of private equity performance data available today. Preqin’s team of analysts collect and monitor data from a number of different sources, including from GPs themselves, in order to provide the most comprehensive private equity performance data available.All of our performance data conforms to the same standardized metrics, with all data representing net-to-LP returns. We currently hold transparent net-to-LP performance data for over 7,000 private equity funds of all types and geographic focus. In terms of aggregate value, this represents around 70% of all capital ever raised.This high level of coverage enables us to produce the most meaningful benchmarking and comparative tools available in the industry.

Key features of this powerful database include:

• View performance data online: for private equity funds worldwide. Compare individual funds against each other and the appropriate benchmarks.

• Compare funds of all types: venture, buyout, mezzanine, distressed, special situations, real estate, natural resources, fund of funds, secondary.

• Assess key performance data for each fund: size, vintage, type, called-up, distributed, unrealised value, multiple, IRR.

• View historic performance for over 36,000 data points to assess how performance data has changed overtime (Premium access required).

• Keep current with developments: with monthly updates you always have access to the latest data.

• View cash fl ow graphs for over 2,500 funds: assess how quickly funds have called and distributed capital and what their net cash fl ow position is.

• Select, compare and analyze funds according to your criteria: by type, size, vintage year etc.

• Assess each fi rm’s long-term track record: quartile performance over several fund generations.

• Median, pool, weighted and average Benchmarks: view fully transparent market benchmarks by fund type and region focus. Benchmarks data is available for called-up, distribution, value and top, median and bottom quartile IRRs and multiples. View details of constituent funds behind the benchmarks.

• Top Performing GPs: view a list of fi rms that have consistently had funds ranked in the 1st and 2nd quartiles.

• Unlimited Excel downloads for further analysis (Premium access required).• Create a tailored peer group of funds for comparative purposes.

Performance Analyst (Standard)USD 2,150 / EUR 1,550 / GBP 1,295

Performance Analyst (Premium)USD 4,450 / EUR 3,195 / GBP 2,695

For a demo or to fi nd out more about this product, please visit:

www.preqin.com/pa

f (S )

Preqin Private Equity Performance Analyst



List of Constituent Funds

1818 Fund II1818 Mezzanine Fund II1995 Riverside Capital Appreciation Fund1998 Riverside Capital Appreciation Fund2000 Riverside Capital Appreciation Fund2003 KIF-KTAC IT Fund2003 Riverside Capital Appreciation Fund2008 Riverside Capital Appreciation Fund V2012 Riverside Capital Appreciation Fund VI21st Century Communications Partners225 W Washington25 Capital Residential Mortgage Opportunities Fund32 Degrees Capital Fund I3i 94 LMBO Plan3i Europe Partners3i Europe Partners II3i Europe Partners III3i Europe Partners IV3i Europe Partners V3i Growth Capital Fund3i Japan Buyouts Fund3i UK Investment Partners3i UK Investment Partners II4IP European Real Estate Fund of Funds57 Stars Global Opportunities Fund 157 Stars Global Opportunities Fund 2 (CalPERS)5AM Ventures Fund5AM Ventures Fund II5AM Ventures Fund III5AM Ventures IV747 Stuyvesant747 Stuyvesant II747 Stuyvesant III747 Stuyvesant IVA&M Capital Fund IAbacus Core Income Fund IAbacus Multi-Family Partners IIAbbott Capital Private Equity Fund IAbbott Capital Private Equity Fund IIAbbott Capital Private Equity Fund IIIAberdare II Annex FundAberdare VenturesAberdare Ventures IIAberdare Ventures IIIAberdare Ventures IVAberdeen Asia III Property Fund of FundsAberdeen European Opportunities Property Fund of FundsAberdeen European Secondaries Property Fund of FundsAberdeen Indirect Property Partners Aberdeen Indirect Property Partners IIAbingworth Bioventures IAbingworth Bioventures IVAbingworth VenturesABR Chesapeake FundABR Chesapeake Fund IIIABR Chesapeake Fund IVABRY IABRY Senior Equity IIIABRY Senior Equity IVABRY VABRY VIABRY VIIABS Capital IABS Capital IIABS Capital IIIABS Capital IVABS Capital VABS Capital VIABS Capital VIIAcademy Venture Fund IAccel - KKR CompanyAccel EuropeAccel IIIAccel IVAccel VAccel-KKR Capital Partners IVAccel-KKR SCP California Co-InvestAccel-KKR Structured Capital Accolade Partners IAccolade Partners IIAccolade Partners IIIAcorn General Fund OneAcorn Venture Technology Fund IActera Partners

Actera Partners IIActis Global 4Actis Infrastructure Fund IACTIV investments Fund Activa Capital FundActiva Capital Fund IIAdams Capital ManagementAdams Street 2006 Global Opportunities PortfolioAdams Street 2007 Global Opportunities PortfolioAdams Street 2008 Direct FundAdams Street 2008 Global Opportunities PortfolioAdams Street 2009 Direct FundAdams Street 2009 Non-US Emerging Market FundAdams Street 2010 Direct FundAdams Street 2011 Direct FundAdams Street 2011 Emerging Markets FundAdams Street 2011 Non-US Developed Markets FundAdams Street 2011 US FundAdams Street 2013 Global FundAdams Street Direct Co- Investment Fund IAdams Street Direct Co-Investment Fund IIAdams Street Direct Fund VAdams Street Direct Fund VIAdams Street Direct Fund VIIAdams Street Global Opportunities Secondary FundAdams Street Global Opportunities Secondary Fund IIAdams Street Non-US Partnership 2002Adams Street Non-US Partnership 2003 Adams Street Non-US Partnership 2004Adams Street Non-US Partnership 2005Adams Street Non-US Partnership 2006Adams Street Non-US Partnership 2007Adams Street Non-US Partnership 2008Adams Street Partners 2009 Non-US Developed FundAdams Street Partners 2010 Non-US Developed FundAdams Street Partners 2010 Non-US Emerging Markets FundAdams Street US Partnership 2002Adams Street US Partnership 2003Adams Street US Partnership 2004Adams Street US Partnership 2005 Adams Street US Partnership 2006 Adams Street US Partnership 2007Adams Street US Partnership 2008Adams Street US Partnership 2009Adams Street US Partnership 2010Adams Street US Partnership 2010 - Series BAdvent AtlanticAdvent Atlantic & Pacifi c IAdvent Atlantic & Pacifi c IIAdvent Atlantic & Pacifi c IIIAdvent Central & Eastern Europe IVAdvent Chestnut IAdvent Chestnut IIAdvent Chestnut IIAdvent Chestnut IIIAdvent Chestnut IIIAdvent CompanyAdvent European Special Situation FundAdvent Global Private Equity IIAdvent Global Private Equity IIIAdvent Global Private Equity IVAdvent Global Private Equity IV-AAdvent Global Private Equity VAdvent Global Private Equity VIAdvent Global Private Equity VIIAdvent IIAdvent IIIAdvent IndustrialAdvent Industrial IIAdvent International Network FundAdvent IVAdvent Latin American Fund IIIAdvent Latin American Fund IVAdvent Latin American Fund VAdvent New York

Advent VAdvent VIAdvent VIIAdveq Asia IAdveq Asia IIAdveq Asia IIIAdveq Europe IAdveq Europe IIAdveq Europe IIIAdveq Europe IV AAdveq Europe IV BAdveq Europe VAdveq Opportunity IAdveq Opportunity IIAdveq Opportunity IIIAdveq SecondariesAdveq Secondaries IIAdveq Technology I Adveq Technology IIAdveq Technology IIIAdveq Technology IVAdveq Technology VAdveq Technology VIAdveq Technology VIIAEA 1991 Investment ProgramAEA 1997 Investment ProgramAEA 2003 Investment ProgramAEA 2006 Investment ProgramAEA Investors Fund VAEA Small Business FundAEA Small Business Fund IIAetos Capital Asia IIAEW Partners IAEW Partners IIAEW Partners IIIAEW Partners IVAEW Partners VAEW Partners VIAEW Partners VIIAEW Senior Housing InvestorsAEW Senior Housing Investors IIAEW Value InvestorsAEW Value Investors AsiaAEW Value Investors IIAffi nity Asia Pacifi c Fund II Affi nity Asia Pacifi c Fund IIIAffi nity Asia Pacifi c Fund IVAfrica Agricultural CapitalAfrican Agricultural Capital FundAfrican Development Partners IAfrican LionAG Asia Realty FundAG Asia Realty Fund IIAG Capital Recovery Partners AG Capital Recovery Partners IIAG Capital Recovery Partners IIIAG Capital Recovery Partners IVAG Capital Recovery Partners VAG Capital Recovery Partners VIAG Capital Recovery Partners VIIAG Commercial Real Estate Debt FundAG Core Plus Realty FundAG Core Plus Realty Fund IIAG Core Plus Realty Fund IIIAG Net Lease Realty FundAG Net Lease Realty Fund IIAG Realty FundAG Realty Fund IIAG Realty Fund IIIAG Realty Fund IVAG Realty Fund VAG Realty Fund VIAG Realty Fund VIIAG Realty Fund VIIIAgroindustrial and Forestry Development Investment FundAheim Unternehmer-Fonds IAIC Caribbean FundAIF Asia IIAIF Capital Asia IIIAIG Emerging Europe Infrastructure FundAIG Indian Sectoral EquityAIG Property Mezzanine PartnersAIPAIPP AsiaAIPP Asia SelectAisling Capital IIIAktis China West FundAl Islami Far Eastern Real Estate FundAlcedo IIIAlchemy Special Opportunities Fund IIAlcion Real Estate PartnersAlcion Real Estate Partners Fund IIAlcion Real Estate Partners Parallel Fund

Alex Brown European Environmental FundAlex. Brown Realty Investors Alex. Brown Realty Investors II Alinda Infrastructure Fund IAlinda Infrastructure Fund IIAllegra III (LSH III)Alliance ScanEast FundAllied VenturesAllos I FundAllos II FundAlloy Ventures 2002Allsop Venture Partners IIIAlmanac Realty Securities VALPHA 2001Alpha Capital Fund IIAlpha CEE IIAlpha Private Equity Fund 2Alpha Private Equity Fund 3Alpha Russia & CIS SecondaryAlpha Venture Partners IIIAlpine Investors IVAlpine Technology VenturesAlpInvest Partners Later Stage Co-InvestAlta Biopharma Partners IAlta Biopharma Partners IIAlta Communications IV Alta Communications IXAlta Communications VIIAlta Communications VIIIAlta CompanyAlta IIAlta IVAlta Partners VIIIAlta Subordinated DebtAlta Subordinated Debt IIAlta Subordinated Debt IIIAlta VAlta Ventures Mexico Fund IAltamar Buyout EuropaAltamar Buyout GlobalAltamar Secondary Opportunities Fund IVAltamar Secondary Opportunities VIIAltamar V Private Equity ProgramAltan Real Estate GlobalAltira Technology Fund IVAltor 2003 FundAltor Fund IIAltor Fund IIIAltos Ventures IVAltra Investments Fund 1Altra Private Equity Fund IAltra Private Equity Fund IIAM Invest MoroccoAM Pappas Life Science Ventures IAM Pappas Life Science Ventures IIAM Pappas Life Science Ventures IIIAM Pappas Life Science Ventures IVAMCVFAmerican Industrial Partners Capital Fund VAmerican Industrial Partners Fund IAmerican Industrial Partners Fund IIAmerican Securities PartnersAmerican Securities Partners IIAmerican Securities Partners VIAmericus Fund IAmericus Fund IIAMEV Venture Associates IIIAMLI LandAMP Business Development FundAMP Capital Select Property Portfolio IAMP Capital Select Property Portfolio IIAMP Capital Select Property Portfolio IIIAMP Pencarrow FundAmpersand 1992Ampersand 1994Ampersand 1995Ampersand 1999Ampersand 2001Ampersand 2006Ampersand 2011Ampersand Specialty Materials VenturesAmstar Global Property Fund IAmstar Global Property Fund IIAmstar-OR PartnersAmstar-SD PartnersAMV Partners IAmwal IAmwal IIAMWIN Innovation FundAnacacia Partnership IAnacacia Partnership II

AnaCap Financial Partners Fund IIAnchor Equity Partners Private Equity FundAnnapolis IAnnapolis IIAnnapolis IIIAnnapolis IVAnnapolis VAnnapolis VIAnt Bridge No.1Ant Bridge No.2Ant Bridge No.3-AAnt Bridge No.3-BAP Cayman Partners IIAPA / Fostin - Fund IApax Capital Risque IIIApax Europe IVApax Europe VApax Europe VIApax Europe VIIApax France IVApax France VApax France VIApax France VIIApax France VIIIApax Germany IApax Israel IIApax Partners - Germany IIApax UK VApax UK VIApax US VIIApax Ventures Capital FundApax Ventures IIApax Ventures IIIApax Ventures IVApax VIIIApex Investment Fund IApex Investment Fund IIApex Investment Fund IIIApex Investment Fund IVApex Investment Fund VApex Investment Fund VIApollo European Principal Finance Fund IIApollo Investment Fund IIIApollo Investment Fund IVApollo Investment Fund VApollo Investment Fund VIApollo Investment Fund VIIApollo Natural Resources Fund IAquiline Financial Services FundAquiline Financial Services Fund IIARA Asia Dragon FundAravis Biotech IIAravis Energy IAravis Energy IIAravis Venture IArboretum Ventures IArboretum Ventures IIArboretum Ventures IIIArcadia Beteiligungen IIARCap Investors IARCap Investors IIARCH Capital Asian PartnersARCH Capital-TRG Asian PartnersArch Development Fund IARCH Venture Fund IIARCH Venture Fund IIIArcher Capital Fund IArcher Capital Fund IIArcher Capital Fund IIIArcher Capital Fund IVArcher Capital Fund VArcher Capital Growth Fund 1Archer Capital Growth Fund 2ArcLight Energy Partners Fund IArcLight Energy Partners Fund IIArcLight Energy Partners Fund IIIArcLight Energy Partners Fund IVArcLight Energy Partners Fund VAREA Real Estate Finance CorporationAREA Real Estate Investment Fund IIIAREA Real Estate Investment Fund IVAres Corporate Opportunities FundAres Corporate Opportunities Fund IIAres Corporate Opportunities Fund IIIAres Corporate Opportunities Fund IVAres Special Situations Fund IIIArgos ExpansionArgosy Investment Partners IArgosy Investment Partners IIArgosy Investment Partners IIIArgosy Investment Partners IVArgosy Real Estate Partners IArgosy Real Estate Partners IIArkimedes Fund



Arkimedes Fund IIArowana Australasian Micro-Cap Private EquityArral Pacifi c Equity Trust IIArrow Development FundArrowPath Fund IIArsenal Capital PartnersArsenal Capital Partners IIArsenal Capital Partners IIIArtiman VenturesArtiman Ventures IIArtiman Ventures IIIArtiman Ventures Special Opportunities FundAscent Venture Partners IAscent Venture Partners IIAscent Venture Partners IIIAscent Venture Partners IVAscent Venture Partners VAshmore Asian Opportunity FundAshmore Asian Value FundAshmore Colombia Infrastructure Fund IAsia Alternatives Capital Partners IAsia Alternatives Capital Partners IIAsia DirectAsia Pacifi c Equity TrustAsia Pacifi c Healthcare Fund IIAsian Corporate Finance FundAsian Recovery FundAslan Realty PartnersAslan Realty Partners IIAslan Realty Partners IIIAslan Realty Partners IVAsset Management Associates 82Asset Management Associates 84Asset Management Associates 89Asset Management Associates 96Asset Management Partners 2004Asset Management Ventures FundAstorg IIAthenian Venture PartnersAthenian Venture Partners IIAthenian Venture Partners IIIAtlante Private EquityAtlante SeedAtlante VenturesAtlante Ventures MezzogiornoAtlantic Creek Real Estate FundAtlantic Medical CapitalAtlantis Capital Special SituationsAtlas Ventures VIAtlas Ventures VIIATP Private Equity Partners IATP Private Equity Partners IIATP Private Equity Partners IIIATP Private Equity Partners IVAuctus Fund IAuctus Fund IIAuctus Fund IIIAudax Mezzanine FundAudax Mezzanine Fund IIAudax Mezzanine Fund IIIAudax Private Equity FundAudax Private Equity Fund IIAudax Private Equity Fund IIIAudax Private Equity Fund IVAugust Equity Partners IAugust Equity Partners IIAurora Equity PartnersAurora Equity Partners IIAurora Equity Partners IIIAustin Ventures IVAustin Ventures IXAustin Ventures VAustin Ventures VIAustin Ventures VIIAustin Ventures VIIIAustin Ventures XAustralian Mezzanine Investment No. 1 TrustAustralian Mezzanine Investment No. 2 TrustAustralian Mezzanine Investment No. 3 Trust Avallon MBO Fund Avallon MBO Fund IIAvalon Ventures IAvalon Ventures IIAvalon Ventures IIIAvalon Ventures IVAvalon Ventures IXAvalon Ventures VAvalon Ventures VIIAvalon Ventures VIIIAvalonBay Value Added FundAvalonBay Value Added Fund IIAvanath Affordable Housing IAvenue Asia Capital PartnersAvenue Asia Special Situations Fund IVAvenue Asia Special Situations IIAvenue Asia Special Situations IIIAvenue Europe Special Situations FundAvenue Special Situations IAvenue Special Situations II

Avenue Special Situations IIIAvenue Special Situations IVAvenue Special Situations VAvenue Special Situations VIAvista Capital PartnersAvista Capital Partners IIAvista Capital Partners IIIAVP Ohio Technology IAvrio Ventures IIAXA Capital AmericaAXA Capital AsiaAXA Capital Asia IIAXA Capital EuropeAXA Co-investment Fund IIIAXA Early Secondary Fund IAXA Early Secondary Fund IIAXA Early Secondary Fund IIIAXA Early Secondary Fund IVAXA Expansion IAXA Expansion IIAXA Infrastructure Generation IAXA Infrastructure Generation IIAXA Infrastructure Generation IIIAXA LBO Fund IAXA LBO Fund IIAXA LBO Fund IIIAXA LBO Fund IVAXA LBO Fund VAXA Mezzanine IIAXA Primary Fund America IIIAXA Primary Fund America IVAXA Primary Fund Europe IIIAXA Primary Fund Europe IVAXA Primary Fund Europe VAXA Primary Fund UK IIIAXA Secondary Fund IAXA Secondary Fund IIAXA Secondary Fund IIIAXA Secondary Fund IVAXA Secondary Fund VAxcel IIAxcel IIIAxcel IndustriInvestorAxcel IVAxiom Asia IAxiom Asia IIAxiom Asia IIIAzalea Fund IIAzalea Fund IIIAzini 1Azini 2Azure Capital Partners IIb-to-v Entrepreneurial Growth IIb-to-v Fund IBachow Investment Partners IIIBain Capital Asia Bain Capital Asia IIBain Capital Europe IIIBain Capital Fund IVBain Capital Fund IXBain Capital Fund IX Coinvestment FundBain Capital Fund VBain Capital Fund VIBain Capital Fund VI Coinvestment FundBain Capital Fund VIIBain Capital Fund VII Coinvestment FundBain Capital Fund VIIIBain Capital Fund VIII Coinvestment FundBain Capital Fund XBain Capital Fund X Co-investment FundBain Capital Venture FundBain Capital Venture Fund 2009Bain Capital Venture Fund 2012Bain Capital Venture Partners 2005Bain Capital Venture Partners 2007Bain Capital VII-EBain Capital VIII-E Baird Capital Partners Asia IBaird Capital Partners Europe FundBaird Capital Partners Europe Fund IIBaird Capital Partners IBaird Capital Partners IIBaird Capital Partners IIIBaird Capital Partners IVBaird Capital Partners VBaird Venture Partners IBaird Venture Partners IIBaird Venture Partners IIIBaker CommunicationsBalkan Accession FundBalkan Financial Sector Equity FundBaltCap Latvia Venture Capital Fund BaltCap Private Equity FundBaltic Investment Fund IIIBaltic SME FundBanc Fund IIIBanc Fund IVBanc Fund VBanc Fund VIIBanc Fund VIIIBanc of America California

Community Venture FundBancroft Eastern Europe FundBank PortfolioBaring Asia Private Equity Fund IVBaring Asia Private Equity Fund VBaring Central European FundBaring Iberia II Inversión en CapitalBaring Iberia III Inversión en CapitalBaring Iberia Inversión en CapitalBaring India Private Equity Fund IIBaring India Private Equity Fund IIIBaring Vostok Private Equity Fund IVBaronsmead Reorganisation Fund 1Bastion Capital Fund IBattery VenturesBattery Ventures IIBattery Ventures IIIBattery Ventures IVBattery Ventures IXBattery Ventures VIBattery Ventures VIIBattery Ventures VIIIBattery Ventures VIII Side FundBattery Ventures XBattery Ventures X Side FundBAVPBay City Capital Fund IBay City Capital Fund IIBay City Capital Fund IIIBay City Capital Fund IVBay City Capital Fund VBay Hills Capital Partners IBay Hills Capital Partners IIBay Hills Emerging Partners IBay Hills Emerging Partners IIBay Partners IVBay Partners XBay Partners XIBC European Cap IVBC European Cap IXBC European Cap VBC European Cap VIBC European Cap VIIBC European Cap VIIIBCI Growth VBDCM Opportunity FundBDCM Opportunity Fund IIIBeacon Capital Strategic Partners IBeacon Capital Strategic Partners IIBeacon Capital Strategic Partners IIIBeacon Capital Strategic Partners IVBeacon Capital Strategic Partners VBeacon Capital Strategic Partners VIBeacon Group III - Focus Value FundBeecken Petty O’Keefe IIBeecken Petty O’Keefe IIIBeecken Petty O’Keefe IVBehrman Capital IIIBell Apartment Fund IVBell Fund IBell Fund IIBell Fund IIIBenchmark Capital PartnersBenchmark Capital Partners IIBenson Elliot Real Estate Partners IIBenson Elliot Real Estate Partners IIIBerkeley Capital Partners IBerkeley Capital Partners IIBerkshire Fund IBerkshire Fund IIBerkshire Fund IIIBerkshire Fund IVBerkshire Fund VBerkshire Fund VIBerkshire Fund VIIBerkshire Fund VIIIBerkshire Multifamily Value Fund IIBerry Cash Southwest PartnershipBertram Growth Capital IIBertram Growth Equity Partners IBES PME Capital GrowthBeta PartnersBG Media InvestorsBHC Interim Funding IBioDiscovery IIBioDiscovery IIIBioDiscovery IVBioPacifi cVenturesBiotechnology Venture FundBirch Hill Equity Partners IIIBirch Hill Equity Partners IVBlack River Capital Partners Fund (Food)BlackRock Asset InvestorsBlackRock Carbon Capital IIIBlackRock Diversifi ed Private Equity Program IBlackRock Diversifi ed Private Equity Program IIBlackRock Diversifi ed Private Equity Program IIIBlackRock Diversifi ed Private Equity Program IVBlackRock Private Equity Partners IIBlackRock Private Equity Partners IIIBlackRock Private Equity Partners III Asia

BlackRock Private Equity Partners IVBlackRock Private Equity Partners VBlackRock Private Growth Markets IBlackRock Private Opportunities Fund IBlackRock Private Opportunities Fund IIBlackRock Residential Opportunity FundBlackRock Select IBlackRock Select IIBlackSand Capital Opportunity Fund IBlackstone Capital Partners IIBlackstone Capital Partners IIIBlackstone Capital Partners IVBlackstone Capital Partners VBlackstone Capital Partners VIBlackstone Communications Partners IBlackstone Energy PartnersBlackstone Mezzanine PartnersBlackstone Mezzanine Partners IIBlackstone Real Estate Partners Europe IIIBlackstone Real Estate Partners IIBlackstone Real Estate Partners VBlackstone Real Estate Partners VIBlackstone Real Estate Partners VIIBlackstone Real Estate Special Situations Fund IIBlue Chip Capital FundBlue Chip Capital Fund IIIBlue Chip Opportunity FundBlue Sage Capital Fund IBlue Wolf Capital Fund IIIBlueRun Ventures IIIBlueRun Ventures IVBluestream VenturesBNL Fondo Immobiliare CrescitaBNY Capital PartnersBNY Mellon-Alcentra Mezzanine IIIBond Mezzanine Fund 1Bond Mezzanine Fund 2Bond Mezzanine Fund 3Boston Capital VenturesBoston Capital Ventures IIBoston Capital Ventures InternationalBoston Millennia PartnersBoston Millennia Partners IIBoston Timber OpportunitiesBoston Ventures IBoston Ventures IIBoston Ventures III (A)Boston Ventures IVBoston Ventures VBoston Ventures VIBoston Ventures VIIBowmark Capital Partners IIIBowmark Capital Partners IVBP InnovationBP Innovation 2BP Innovation 3BP Innovation 4BP Innovation 5BP Innovation 6BP Innovation 7BPG Co-Investment PartnershipBPG Investment Partnership IBPG Investment Partnership IIBPG Investment Partnership IIIBPG Investment Partnership IVBPG Investment Partnership IXBPG Investment Partnership VBPG Investment Partnership VIBPG Investment Partnership VIIBPG Investment Partnership VIIIBR/ERB Co-Investment Fund IBR/ERB Co-Investment Fund IIBraemar Energy Ventures IIBrandenburg Früphasen FondsBrandon Bioscience Fund No. 1Brantley Venture Partners IIBrantley Venture Partners IIIBrazos Equity Fund IIIBrazos FundBrentwood Associates BuyoutBrentwood Associates Buyout IIBrentwood Associates IIBrentwood Associates IVBrentwood Associates VBrentwood Associates VIBrera Capital PartnersBrickman Real Estate Fund IBrickman Real Estate Fund IIBrickman Real Estate Fund IIIBrickman Real Estate Fund IVBridgepoint Europe IBridgepoint Europe IIBridgepoint Europe IIIBridgepoint Europe IVBright Capital Digital FundBright Capital IBrinson Non-US Partners - 1998 PrimaryBrinson Non-US Partners - 1999 Primary

Brinson Non-US Partners - 2000 PrimaryBrinson Non-US Partners - 2001 PrimaryBrinson Non-US Partners - 2002 PrimaryBrinson Non-US Partners - 2003 PrimaryBrinson Non-US Partners - 2004 PrimaryBrinson Partnership Fund - 1996 PrimaryBrinson Partnership Fund - 1997 PrimaryBrinson Partnership Fund - 1998 PrimaryBrinson Partnership Fund - 1998 SecondaryBrinson Partnership Fund - 1999 PrimaryBrinson Partnership Fund - 2000 PrimaryBrinson Partnership Fund - 2001 PrimaryBrinson Partnership Fund - 2002 SecondaryBrinson Partnership Fund - 2003 SecondaryBrinson Partnership Fund - 2004 PrimaryBrinson Venture Capital Fund IIIBrinson Venture Capital Fund IVBrinson Venture Partnership Acquisition IBrinson Venture Partnership Acquisition IIBrinson Venture Partnership Fund IIIBritish Columbia Technology Investment FundBroad Street (Beijing) RMB FundBroad Street Energy PartnersBroadreach Capital PartnersBrockton Capital IBrockton Capital IIBrockway Moran & PartnersBrookfi eld Brazil AgriLand FundBrookfi eld Brazil Timber Fund IIBrookfi eld Infrastructure Fund IIBrown Shipley Development Capital FundBruckmann Rosser Sherrill & CoBrynwood Partners VBuchanan Fund IBuchanan Fund VBuchanan Urban InvestorsBurrill Agbio Capital FundButler France Private Equity IIC&B Capital IC&B Capital IICabestan CapitalCACI 2CACI 3Caduceus Private Investments IICaduceus Private Investments IIICaduceus Private Investments IVCalare Real Estate Fund IIICalare Real Estate Fund IVCalare Real Estate Income Value FundCalCEF Angel FundCalera Capital IVCalifornia Smart Growth Fund IVCalPERS ICalPERS IICalPERS IIICalPERS IVCalSTRS / Banc of America Capital Access FundCalSTRS/BAML Capital Access Fund IIICalSTRS/BAML Capital Access Fund IVCaltius Equity Partners IICaltius Partners Fund IVCalvert Street Capital Partners IIICalvert Street Fund ICalvert Street Fund IICamden Private Capital Corporate FinanceCamden Private Capital IICamden Private Capital IIICamden Private Capital IVCamden Private Capital VentureCamden Strategic Partners ICamden Strategic Partners IICamden Strategic Partners III Camden Strategic Partners IVCanaan Equity IXCanaan Equity VIICanaan Equity VIIICanaan Natural Gas Fund XCanaan Natural Gas IXCanadian Gas Gathering Systems IICandover 1989Candover 1991Candover 1994Candover 1997



Canterbury Mezzanine CapitalCanterbury Mezzanine Capital IICanyon-Johnson Urban FundCAP Healthcare FundCAP Healthcare Fund IICAP Healthcare Fund IIICapCorpCapital Alliance Private Equity FundCapital Dynamics Champion Ventures VIICapital Dynamics Clean Energy and Infrastructure FundCapital Dynamics European Buyout 2005Capital Dynamics European Co-InvestmentsCapital Dynamics European Private Equity 1991Capital Dynamics European Private Equity 1994Capital Dynamics European Private Equity 1999Capital Dynamics European Private Equity 2001Capital Dynamics European Private Equity 2003Capital Dynamics European Venture 2005Capital Dynamics Generation VII - Asian Private EquityCapital Dynamics Generation VII - European Mid-Market BuyoutCapital Dynamics Generation VII - European VentureCapital Dynamics Generation VII - US Private EquityCapital Dynamics Global Private Equity 2001Capital Dynamics Global Secondaries 1992Capital Dynamics Global Secondaries 1993Capital Dynamics Global Secondaries IIICapital Dynamics Participation ICapital Dynamics Participation IICapital Dynamics Participation IIICapital Dynamics Participation IVCapital Dynamics Participation VCapital Dynamics US Private Equity 1992Capital Dynamics US Private Equity 2000Capital Dynamics US Private Equity 2001Capital Dynamics US Private Equity 2003Capital Dynamics US Private Equity 2006Capital International Global Emg MktsCapital International Private Equity Fund VICapital Link Fund ICapital Link Fund IICapital Partners Holdings IICapital Point PartnersCapital Resource Lenders IICapital Resource Lenders IIICapital Resource Partners IVCapital Royalty Parallel ICapital Z Asia Partners Capital Z Asia Partners IICapMan Buyout IXCapMan Buyout VIIICapMan Buyout XCapMan Equity VII ACapMan Equity VII BCapMan Equity VII CCapMan Equity VII SwedenCapMan Hotels RECapMan Life Science IVCapMan Mezzanine IVCapMan Mezzanine VCapman Nordic Real Estate FundCapMan RE II CapMan Real Estate ICapMan Russia FundCapMan Russia Fund IICapMan Technology 2007Capri Associates Apartment FundCapri Capital Apartment Fund IIICapri Select Income IICapri Urban InvestorsCapvis Equity ICapvis Equity IICapvis Equity IIICapX Fund ICapzanineCapzanine IICapzanine IIICaravelaCarbon Capital Carbon Capital VCardinal Health PartnersCardinal Health Partners IICardinal Health Partners III

Cardine Carlyle Asia Growth Partners IIICarlyle Asia Growth Partners IVCarlyle Asia Partners IICarlyle Asia Partners IIICarlyle Asia Real Estate FundCarlyle Asia Venture Partners ICarlyle Asia Venture Partners IICarlyle Energy Mezzanine Opportunities FundCarlyle Europe PartnersCarlyle Europe Partners IICarlyle Europe Partners IIICarlyle Europe Real Estate Partners IICarlyle Europe Real Estate Partners IIICarlyle Europe Technology Partners IICarlyle Global Financial Services PartnersCarlyle Infrastructure PartnersCarlyle Japan Partners IICarlyle Mexico PartnersCarlyle Mezzanine Partners IICarlyle Partners IIICarlyle Partners IVCarlyle Partners VICarlyle Realty PartnersCarlyle Realty Partners IICarlyle Realty Partners IIICarlyle Realty Partners VCarlyle Realty Partners VICarlyle Strategic PartnersCarlyle Strategic Partners IICarlyle Venture Partners IICarlyle Venture Partners IIICarlyle/Riverstone Global Energy And Power Fund ICarlyle/Riverstone Global Energy and Power Fund IICarlyle/Riverstone Global Energy and Power Fund IIICarlyle/Riverstone Renewable Energy Infrastructure Fund ICarmel Software FundCarmel Venture Fund IICarmel Ventures IIICarpenter Community BancFundCaspian Private Equity (FOF)Castle Harlan IIICastle Harlan Partners IVCastle Harlan VCastlelake Aviation ICastlelake Aviation IICastlelake ICastlelake IICastlelake II OpportunitiesCatalyst Fund ICatalyst Fund IICatalyst Fund IIICatalyst Fund IVCatalyst InvestorsCatalyst Investors IICatalyst Investors IIICatalyst UK PartnersCatalyst VenturesCatterton Partners IIICatterton Partners VI-BCauris CroissanceCauris InvestissementCB Richard Ellis Strategic Europe Fund IIICB Richard Ellis Strategic Partners ICB Richard Ellis Strategic Partners IICB Richard Ellis Strategic Partners IVCB Richard Ellis Strategic Partners UK Fund ICB Richard Ellis Strategic Partners UK Fund IIICB Richard Ellis Strategic Partners US Opportunity VCB Richard Ellis Strategic Partners US Value VCBPE Capital Fund VIICBPE Capital Fund VIIICBRE Illinois State Board of Investment Separate AccountCCMP Capital Investors IICDH China FundCDH China Fund IVCEA Capital Partners USACeltic House Venture Partners IIICendana CapitalCendana Co-Investment FundCentennial Bus. Dev. FundCentennial Carlyle Properties ICentennial FundCentennial Fund IICentennial Fund VCentennial Fund VICentennial Real Estate Fund ICentennial Real Estate Fund IICentennial Real Estate Fund IIICenterbridge Capital Partners IICenterbridge Special Credit Partners

Centerbridge Special Credit Partners IICenterfi eld Capital PartnersCenterfi eld Capital Partners IICentral Valley Fund IICentre Investors III & Affi liatesCentre Investors IV & Affi liatesCentre Investors V & Affi liatesCentro ImpresaCentury Park Capital PartnersCentury Park Capital Partners IICEO Venture FundCerberus CP PartnersCerberus Institutional PartnersCerberus Institutional Partners (Series Four) Cerberus Institutional Partners (Series Three)Cerberus Institutional Partners (Series Two)Cerberus Institutional Partners VCerberus Institutional Real Estate Partners (Series One) Cerberus Institutional Real Estate Partners (Series Three)Ceyuan Ventures IICGW Southeast Partners IIICH Partners IICH Transition FundCHAMP Buyout IICHAMP Buyout IIICHAMP ICHAMP Ventures Investments Trust No. 5CHAMP Ventures Investments Trust No. 6CHAMP Ventures Investments Trust VIIChange Capital Fund IIChange Capital FundsCharles River Realty Fund ICharlesbank Equity Partners IVCharlesbank Equity Partners VIIChart Capital Partners IICharter Life SciencesCharterhouse Capital Partners IXCharterhouse Capital Partners VCharterhouse Capital Partners VICharterhouse Capital Partners VIICharterhouse Capital Partners VIIICharterhouse Equity PartnersCharterhouse Equity Partners IICharterhouse Mezzanine PartnersChartwell Capital Investors IICHB Capital Partners IChequers CapitalChequers Capital XVChequers Capital XVICherry Tree Ventures IVChesapeake Property Finance FundChesapeake Property Finance Fund IICheyenne IICheyenne IIICheyenne PartnersChicago Growth PartnersChicago Growth Partners IIChina Privatization Fund IChinaVest IVChrysalix Energy IIIChrysCapital V ChrysCapital VICHS Private Equity VChurchill Capital Partners IChurchill Capital Partners IICiclad 2Ciclad 3Ciclad 4Ciclad 5CID Capital Opportunity FundCID Capital Opportunity Fund IICID Equity Capital VIIICID Fund VCID Mezzanine CapitalCID Seed FundCIG Capital PartnersCIGNA Mezzanine Partners IICIM IIICIM VI: Urban REITCinven ICinven IICinven IIICinven IVCinven VCiti Infrastructure PartnersCITIC Capital China PartnersCITIC Capital China Partners IICITIC Capital International Partners IIICITIC Capital Japan Partners IICITIC Equity PartnersCITIC Equity Partners IICITIC Japan PartnersCiticorp Mezzanine PartnersCityView Southwest Multi-Family FundCIVC Partners Fund IV

Clairvest Equity Partners IClairvest Equity Partners IIClairvest Equity Partners IIIClairvest Equity Partners IVClairvue Capital Partners IClairvue Capital Partners IIClaremont Creek Ventures IIClarion-Illinois State Board of Investment Separate AccountClarus VenturesClarus Ventures IIClayton Dubilier & Rice Fund VII CoinvestClayton Dubilier & Rice IClayton Dubilier & Rice IIClayton Dubilier & Rice IIIClayton Dubilier & Rice IVClayton Dubilier & Rice VIClayton Dubilier & Rice VIIClayton Dubilier & Rice VIIIClean Energy & Technology FundClean Energy Transition FundCleantech Alliance FundClearlake Capital Partners IIClearlake Capital Partners IIIClearstone Venture Partners I-BClearwater Capital Partners Fund IIClearwater Capital Partners Fund IIIClearwater Capital Partners Fund III AnnexClearwater Capital Partners Fund IVClearwater Capital Partners IClessidra Capital PartnersClessidra Capital Partners IIClimate Change Capital Private Equity FundClose Investment 1988 FundClose Investment 1994 FundClose Investment 1997 (Top Up) FundClose Investment 1997 FundCMEA Ventures ICMEA Ventures IICMEA Ventures IIICoates Myer Innovation Investment Fund Cobalt Investment CapitalCode Hennessy & Simmons ICode Hennessy & Simmons IICode Hennessy & Simmons IIICode Hennessy & Simmons IVColler International Partners IIColler International Partners IVColler International Partners VColler International Partners VIColonial First State Private CapitalColony Investors IColony Investors IIColony Realty PartnersColony Realty Partners IIColony Realty Partners IIIColony Realty Partners IVColumbia Capital Equity Partners I-AColumbia Capital Equity Partners I-BColumbia Capital Equity Partners IIColumbia Capital Equity Partners IIIColumbia Capital Equity Partners IVColumbia Capital Equity Partners VColumbine Venture Fund IICommerce Street Financial PartnersCommerce Street Income PartnersCommerce Street Income Partners IICommitted Advisors Secondary Fund ICommonfund Capital Emerging Markets 2013Commonfund Capital International Partners IVCommonfund Capital International Partners VCommonfund Capital International Partners VICommonfund Capital International Partners VIICommonfund Capital Natural Resources IXCommonfund Capital Natural Resources VCommonfund Capital Natural Resources VICommonfund Capital Natural Resources VIICommonfund Capital Natural Resources VIIICommonfund Capital New LeadersCommonfund Capital New Leaders IICommonfund Capital Partners 1999Commonfund Capital Partners 2000Commonfund Capital Partners IIICommonfund Capital Partners IVCommonfund Capital Partners VCommonfund Capital Private Equity Partners VCommonfund Capital Private Equity Partners VICommonfund Capital Private Equity Partners VIII

Commonfund Capital Venture Partners IXCommonfund Capital Venture Partners VICommonfund Capital Venture Partners VIICommonfund Capital Venture Partners VIIICommonfund Capital Venture Partners XCommonfund Distressed Debt PartnersCommonwealth BioVentures IICommonwealth BioVentures IIICommonwealth BioVentures IVCommonwealth BioVentures VCommonwealth Capital Ventures ICommonwealth Capital Ventures IICommonwealth Capital Ventures IVCompass Partners European EquityComVest Investment Partners ComVest Investment Partners IIComvest Investment Partners IVConcentrated EnergyConnecticut Emerging Private Equity Fund of FundsConnecticut Future FundConseco Capital Partners IIConservation Forestry Capital IConsilium Private Equity FundConstitution Liquidating FundConsumer Venture Partners IICopley Partners 1Copley Partners 2Coral Partners Fund ICordiant Emerging Loan Fund (CELF III)Corinthian Capital ICornerstone Apartment Fund ICornerstone Apartment Venture IIICornerstone Equity Investors IVCornerstone Hotel Income and Equity FundCornerstone Hotel Income and Equity Fund IICornerstone Private Equity FundCornerstone Private Equity Fund IICornerstone Rotational VentureCorpfi n Capital ICorporate PartnersCortec Group Fund ICortec Group Fund IICortec Group Fund VCostella Kirsch VCottonwood Technology FundCottonwood Technology Fund IICourage Credit Opportunities Fund ICourage Credit Opportunities Fund IICourt Square Capital Partners IICourt Square Capital Partners IIICovenant Apartment Fund ICovenant Apartment Fund IICovenant Apartment Fund IIICovenant Apartment Fund IVCovenant Apartment Fund VCovenant Apartment Fund VICovenant Apartment Fund VIICovenant Institutional Real Estate Fund ICraigmore Farming PartnershipCraton Equity Partners ICreador ICreador IICREAFUND ICredit Card Holding Co-InvestmentCredit Suisse First Boston Intl EquityCrescendo ICrescendo IICrescent Capital ICrescent Capital Partners IICrescent Mezzanine Partners VICressey & Co. Fund IVCrestview PartnersCrestview Partners IICrosslink Ventures IIICrosslink Ventures IVCrosslink Ventures VCrosslink Ventures VICrosspoint Venture Partners 1988Crosspoint Venture Partners 1993Crossroads CapitalCrossroads Constitution FundCrossroads Cornerstone XVCrossroads IIICrossroads SF Limited PartnershipCrow Family Holdings Realty PartnersCrow Holdings Realty Partners IICrow Holdings Realty Partners IIICrow Holdings Realty Partners IVCrow Holdings Realty Partners VCrow Holdings Realty Partners VICrown Asia-Pacifi c Private EquityCrown Associates IIICrown Distressed Credit OpportunitiesCrown Europe Middle Market II



Crown European Buyout Opportunities ICrown European Buyout Opportunities IICrown European Private EquityCrown Global Secondaries ICrown Global Secondaries IICrown Global Secondaries IIICrown Premium BuyoutCrown Premium IIICrown Premium IVCRP Caderi FundCRP FundCS/NJDI Emerging Opportunities Fund IICSFB/NJDI Investment FundCSP Secondary Opportunities IICT - Greene VenturesCT Financial Development FundCT High Grade Partners IICT Mezzanine Partners ICT Mezzanine Partners IICT Mezzanine Partners IIICube Infrastructure FundCurzon Capital PartnersCurzon Capital Partners IIICustos Income & Growth Fund IICuyahoga Capital Emerging Buyout PartnersCuyahoga Capital Partners ICuyahoga Capital Partners IICuyahoga Capital Partners IIICuyahoga Capital Partners IVCVC Asia Fund ICVC Capital Partners Asia Pacifi c IICVC Capital Partners Asia Pacifi c IIICVC European Equity Partners ICVC European Equity Partners IICVC European Equity Partners IV Tandem FundCVC European Equity Partners VCVI Credit Value FundCVI Credit Value Fund IICVI Global Value Fund I CVI Global Value Fund IICVM Equity Fund IIICVM Equity Fund IVCVM Equity Fund VCWC Corporate Opportunity Fund 1Cypress Equity FundCypress Merchant Banking Partners IIDAG Ventures Fund IIIDarby Converging Europe Mezzanine FundDavidson Kempner Long-Term Distressed Opportunities FundDavidson Kempner Long-Term Distressed Opportunities Fund IIDavis Investment Ventures Fund IDavis Investment Ventures Fund IIDavis Venture PartnersDaystar Special Situations FundDB Secondary Opportunities FundDB Secondary Opportunities Fund DDB Secondary Opportunities Fund IIDBL Equity Fund-BAEF IIDCPF VI Oil and Gas Co-Investment FundDelta Capital Growth FundDelta VCDelta VC 2Denham Commodity Partners Fund VDenham Commodity Partners Fund VIDenham Commodity Partners IVDeutsche European Partners IVDevelopment Partners FundDFJ ePlanet VenturesDFJ Esprit Fund IIDFJ Esprit Fund IIIDFJ Esprit Fund III (i)DFJ Frontier FundDFJ Frontier IIDGF CAPITAL 1 (REIF)DGF CAPITAL 2 (FIPAC)Diamond Castle Partners IVDirect Capital IIIDirect Capital IVDistressed Opportunities Fund IDistressed Opportunities Fund IIDistressed Opportunities Fund IIIDistressed Opportunities Fund IVDivergent Ventures Partners IDKB Emerging EuropeDLJ Merchant Banking Partners IIIDLJ Real Estate Capital PartnersDLJ Real Estate Capital Partners II DLJ Real Estate Capital Partners IIIDLJ Real Estate Capital Partners IVDLJ Real Estate Mezzanine CapitalDMP Fund IDN Capital - Global Venture Capital IIIDoll Technology Investment FundDoll Technology Investment Fund III

Domain IIDomain IIIDomain PartnersDomain Partners IVDomain Partners VDomain Partners VIDomain Partners VIIDomain Partners VIIIDominion Fund IIIDoughty Hanson & Co Euro Real Estate IDoughty Hanson & Co IDoughty Hanson & Co IIDoughty Hanson & Co IVDoughty Hanson & Co VDover Street VIIDover Street VIIIDRA Growth & Income FundDRA Growth & Income Fund IIDRA Growth & Income Fund IIIDRA Growth & Income Fund IVDRA Growth & Income Fund VDRA Growth & Income Fund VIDRA Growth & Income Fund VIIDRA Opportunity FundDraper Atlantic Venture Fund IIDraper Fisher Jurvetson XDRC IDrug Royalty IIDrum Special Situation Partners IDrum Special Situation Partners IIIDSV PartnersDT Capital China Growth FundDT Ventures China IIDTC Private Equity IIDuke Street Capital IVDuke Street Capital VDuke Street Capital VIDV Urban Realty Partners Fund IEarlybird 2012Earlybird I/IIEarlybird IVEast Capital Amber FundEast Midlands Regional Venture Capital FundECI 4ECI 5ECI 6ECI 7ECI 8ECI 9ECM Income & Growth FundEdgeStone Capital Equity Fund IIIEdgeStone Capital Mezzanine Fund IIEdgewater Growth Capital PartnersEdgewater Growth Capital Partners IIEdgewater Growth Capital Partners IIIEdison IEdison IIEdison IIIEdison IVEdison VEdison VIEdison VIIEDR PE China FundEgeria Private Equity Fund IIEgeria Private Equity Fund IIIEIG Energy Fund XEIG Energy Fund XIVEIG Energy Fund XVEIG Energy Fund XVIEl Dorado Ventures IEl Dorado Ventures IVEl Dorado Ventures VEl Dorado Ventures VIIElderstreet Capital PartnersElectra Private Equity PartnersElement Partners IIElevar Equity IIElevation PartnersElysian Capital IEmbarcadero Capital InvestorsEmbarcadero Capital Investors II Embarcadero Capital Investors IIIEmbarcadero Capital Investors IVEmerald Stage2 VenturesEmergence Capital Partners IIEmerging Europe Accession FundEMW VenturesEMX Capital IEMX Capital I – IntlEnCap Energy Capital Fund IIIEnCap Flatrock Midstream Fund IIEncore Consumer Capital FundEndeavour Capital Fund IIIEndeavour Capital Fund IVEndeavour Capital Fund VEndeavour Capital Fund VIEndowment Energy Partners IEndowment Energy Partners IIEndowment Energy Partners IIIEndowment Energy Partners IVEndowment Private Equity IEndowment Private Equity IIEndowment Private Equity III

Endowment Private Equity IVEndowment Private Equity VIEndowment Realty Investors IIEndowment Venture Partners IEndowment Venture Partners IIEndowment Venture Partners IIIEndowment Venture Partners IVEndowment Venture Partners VEnergy & Minerals Group FundEnergy Asset Option FundEnergy Capital PartnersEnergy Capital Partners Mezzanine Opportunities FundEnergy Income FundEnergy Investors Fund IEnergy Investors Fund IIEnergy Recapitalization & Restructuring FundEnergy Recovery FundEnergy Spectrum PartnersEnergy Spectrum Partners IIEnergy Spectrum Partners IIIEnergy Spectrum Partners IVEnergy Spectrum Partners VEnergy Spectrum Partners VIEnergy Trust PartnersEnergy Trust Partners IIEnergy Trust Partners IIIEnergy Trust Partners IVEnerTech Capital Partners IEnerVest Acquisition IIEnerVest AppalachiaEnerVest EastEnerVest EnergyEnerVest Energy Institutional Fund XIIEnerVest Energy Institutional Fund XIIIEnerVest MonroeEnerVest OlantaEnerVest San JuanEnerVest TexomaEnerVest WVEnhanced Equity FundEnhanced Equity Fund IIEnterprise Partners IIIEnterprise Venture Fund IEos Capital Partners IIIEos Capital Partners IVEpic Venture Partners IVePlanet Ventures IIEptasviluppoEQT DanmarkEQT FinlandEQT IEQT IIEquis Asia Fund IEquistone European Fund IVEquistone Partners Europe FundEquistone Partners Europe Fund IIEquistone Partners Europe Fund IIIEquitable Capital Private Inc & Equity IIEquity Linked InvestorsEquity Partners Fund No.3EquiVest IIErhvervsinvest IIESD Fund IESD Fund IIESD Fund IIIESD Fund IVESP Golden Bear Europe FundEspírito Santo Ventures IIEspírito Santo Ventures IIIEspírito Santo Ventures Innovation and Internationalisation FundEsprit Capital I FundEssex Property Apartment Value Fund IEssex Woodlands Health VenturesEssex Woodlands Health Ventures IIEssex Woodlands Health Ventures VEssex Woodlands Health Ventures VIEssex Woodlands Health Ventures VIIEssex Woodlands Health Ventures VIIIEthos Private Equity Fund IVEureka IIEuro Choice IEuro Choice IIEuro Choice IIIEuro Choice IVEuroknights IIIEuroknights IVEuroknights VEuroknights VIEUROMED FundEuropa Fund IIIEuropean Clean Energy FundEuropean Medical VenturesEuropean Mezzanine Fund IEuropean Mezzanine Fund IIEuropean Mezzanine Fund IIIEuropean Property InvestorsEuropean Property Investors Special

OpportunitiesEuropean Real Estate Debt Fund IIEuropean Strategic Partners 2006Evercore Capital PartnersEvercore Capital Partners IIEvergreen IEvergreen IIEvergreen IIIEvergreen IVEvergreen Pacifi c Partners IIEvergreen VEverstone Capital Partners IIExcel Capital Partners I, IIExcelsior IIExcelsior IVExcelsior VExcelsior VIExeter Core Industrial VentureExponent Private Equity PartnersExponent Private Equity Partners IIExxel Capital Partners 5.5Exxel Capital Partners VIF&C Climate Opportunity PartnersF&C European Capital PartnersF&C European Capital Partners IIFairview CapitalFairview Capital IIFairview Capital IIIFairview CapstoneFairview Capstone IIFairview Constitution IIFairview Constitution IIIFairview Constitution IVFairview Ventures IFairview Ventures IIFairview Ventures II-NYFairview Ventures IIIFalcon E&P Opportunities FundFalcon Mezzanine Partners IIFalcon Strategic Partners IIIFalcon Strategic Partners IVFalfurrias Capital PartnersFBR Technology Venture Partners IIFCP Fund IFCP Realty Fund IIFCPR Diadème Global SélectionFenno FundFenno Skandia Fund IIFenway Partners Capital FundFenway Partners Capital Fund IIff Blue Venture Capital Fundff Rose Innovate NY Fundff Rose Venture Capital Fundff Silver Venture Capital FundFF&P Russia Real Estate LimitedFF&P Special SituationsFIA Timber Growth PartnersFIA Timber PartnersFIA Timber Partners IIFIA Timber Partners Special Situation FundFidelity Belmont Capital Partners IIFidelity Real Estate Growth Fund Fidelity Real Estate Growth Fund IIFidelity Real Estate Growth Fund IIIFIMI Opportunity Fund IFIMI Opportunity Fund IIFIMI Opportunity Fund IIIFIMI Opportunity Fund IVFIMI Opportunity Fund VFinnmezzanine Fund IFinnmezzanine Fund IIFinnmezzanine Fund IIIFinnventure Fund IFinnventure Fund IIFinnventure Fund IIIFinnventure Fund IVFinnventure Fund VFinnventure V ETFIP Prosperitas IFIP Prosperitas IIFIP Prosperitas IIIFirst Century Partners IIIFirst Hungary FundFirst Reserve Fund IXFirst Reserve Fund VFirst Reserve Fund VIFirst Reserve Fund VIIFirst Reserve Fund VIIIFirst Reserve Fund XFirst Reserve Fund XIFirst Reserve Fund XIIFirst State European Diversifi ed Infrastructure FundFirstMark Capital IFirstMark Capital IIFisher Lynch Co-investment PartnershipFisher Lynch Co-investment Partnership IIFive Elms Equity Fund IFive Mile Capital Partners IIFive Mile Capital Structured Income FundFjord Fund OneFlagship Ventures Fund IFlagship Ventures Fund II

Flagship Ventures Fund IIIFleming VenturesFletcher Spaght VenturesFletcher Spaght Ventures IIFlexpoint FundFlexpoint Fund II Florida Growth FundFlorida Growth Fund IIFlorida SBA BuyoutFlorida SBA VenturesFlorida SBA Ventures IIFlywheel IFocus Ventures IFocus Ventures IIFocus Ventures IIIFondo de Fondos Mexico IFondo de Fondos Mexico IIFondo Hidrocarburos de Colombia IFondo Hidrocarburos de Colombia IIFondo Hidrocarburos de Colombia IIIFondo Mezzanine SummaFondo per il Mezzogiorno Fonds Cauris Croissance IIFons Mediterrània CapitalFoothill CapitalFoothill Partners IFoothill Partners IIFoothill Partners IIIFoothill Partners IVForesight Environment FundForesite Capital Fund IForstmann Little Debt & Equity Buyout IIIForstmann Little Debt & Equity Buyout IVForstmann Little Debt & Equity Buyout VForstmann Little Debt & Equity Buyout VIForstmann Little Debt & Equity Buyout VIIForstmann Little Equity IVForstmann Little Equity VForstmann Little Equity VIFort Washington Private Equity Investors IIFort Washington Private Equity Investors IIIFort Washington Private Equity Investors IVFort Washington Private Equity Investors VFort Washington Private Equity Investors VIFort Washington Private Equity Investors VIIFort Washington Private Equity Opportunities Fund IIFortress Investment Fund VFortress Investment Fund V Co-InvestmentFortress Japan Opportunity Fund IIFortress Residential Investment DeutschlandForward Ventures IIIForward Ventures IVForward Ventures VFostin Capital IFoundry Group Venture Capital Fund IFountain Healthcare Partners Fund IFountainVest China Growth PartnersFountainVest China Growth Partners IIFourth Causeway Development Capital FundFox Paine Capital FundFox Paine Capital Fund IIFranchise Capital Partners IIFranchise Capital Partners IIIFrancisco PartnersFrancisco Partners IIFrancisco Partners IIIFranklin Park International Fund 2012Franklin Park International Fund 2013Franklin Park Venture Fund Series 2008Franklin Park Venture Fund Series 2009Franklin Park Venture Fund Series 2010Franklin Park Venture Fund Series 2012Franklin Park Venture Fund Series 2013Franklin Templeton Asian Real Estate FundFranklin Templeton European Real Estate FundFrazier Healthcare IIFrazier Healthcare IIIFrazier Healthcare IVFrazier Healthcare VFrazier Healthcare VIFrazier Healthcare VII



Frazier Technology Ventures IIFreddo HoldingsFremont Partners IIIFrench Development Venture IFriedman Fleischer & Lowe Capital Partners IIFriedman Fleischer & Lowe Capital Partners IIIFrogmore Real Estate Partners IIFrontenac IVFrontenac IX Private CapitalFrontenac VFrontenac VIFrontenac VIIFrontenac VIIIFS Equity Partners IIFS Equity Partners IIIFS Equity Partners VFS Equity Partners VIFSN Capital IFSN Capital IIFSN Capital IIIFSN Capital IVFTV IFTV IIFTV IIIFTV IVFurman Selz InvestorsGain Capital ParticipationsGain Capital Participations IIGalen Partners VGarage California Entrepreneurs FundGarnett & Helfrich Garrison Opportunity Fund IIIAGateway Capital Real Estate Fund IIGateway Capital Real Estate Fund IIIGateway China Fund IGateway Private Equity FundGateway Real Estate Fund IVGateway Venture Partners IIIGEAM International Private Equity FundGEAM International Private Equity Fund IIGED Eastern Fund IGED Eastern Fund IIGED Iberian BGED Iberian FundGED SEE Opportunity IGED SurGEM BeneluxGEM Benelux IIGEM Realty Fund IVGemini Israel IIIGeneral Catalyst Group IIGeneral Catalyst Group VIGeneration Capital PartnersGenesis Seed FundGenesta Nordic Baltic Real EstateGenNx360 Capital PartnersGeo Investors Renewable Infrastructure Fund IGeocapital EurofundGeocapital IIIGerding Edlen Green Cities IIGHP Russia Real Estate Development LimitedGI Partners IIGI Partners IIIGilbert Global Equity PartnersGilde Buyout Fund IGilde Buyout Fund IIGilde Buyout Fund IIIGilde Buyout Fund IVGiza Venture Fund VGKH InvestmentsGleacher Mezzanine FundGleacher Mezzanine Fund IIGlenboroughGlencoe Capital Institutional Partners IIIGlencoe Capital Michigan Opportunities FundGlencoe Capital Partners I - Pledge FundGlencoe Capital Partners IIGlencoe Capital Partners IIIGlenwood Ventures IIGlilot Capital Partners IGlobal Catalyst PartnersGlobal Catalyst Partners IIGlobal Catalyst Partners IIIGlobal Equity 9Global Infrastructure Partners IIGlobal Life Science Venture FundGlobal Timber Investors 9Global Venture Capital Fund IGlobal Venture Capital IIGlobespan Capital Partners IVGlobespan Capital Partners VGolden State Investment FundGolder Thoma Cressey RaunerGolder Thoma Cressey Rauner CapitalGolder Thoma Cressey Rauner IIIGolder Thoma Cressey Rauner IV

Golder Thoma Cressey Rauner IXGolder Thoma Cressey Rauner VGolder Thoma Cressey Rauner VIGolder Thoma Cressey Rauner VIIGolder Thoma Cressey Rauner XGoldner Hawn Marathon Fund IVGoldner Hawn Marathon Fund VGoode Consumer Fund IGordon & Morris Investment PartnershipGores Capital PartnersGores Capital Partners IIIGotham City Residential Partners IGPM (11)GPM (7)GPM (8)GPM (9)GPM Real Property Fund (10)Graham Partners Investments IIGranite Global VenturesGranite Global Ventures IIGranite Global Ventures IIIGranite Ventures IIGranville Private Equity Fund VGranville Private Equity Fund VIGranville Private Equity IGraphite Private Equity PartnershipGreat Hill Equity PartnersGreat Hill Equity Partners IIGreat Hill Equity Partners IIIGreat Hill Equity Partners IVGreat Point Partners IIGreen Credit InvestorsGreen Equity Investors IIGreen Equity Investors IIIGreen Equity Investors IVGreen Equity Investors V Green Equity Investors VIGreen Mountain PartnersGreen Mountain Partners IIGreenbriar Equity Fund II Greenfi eld Acquisition Partners IIIGreenstone Partners Private Capital Fund IGresham III FundGresham IV FundGresham Property Fund No. 3Gresham Property Fund No. 4Gresham Property Mezzanine Fund No. 1Gresham Property Mezzanine Fund No. 2Grey Mountain Partners IIGreycroft PartnersGreystar Equity Partners VIIGreystar Equity Partners VIIIGrosvenor International Investors FundGrotech Partners IIIGrotech Partners IVGrotech Partners VGrotech Partners VIGrotech Partners VIIGrotech Ventures IIGrowthGate Capital CorporationGryphon Co-Invest Partners IIIGryphon Partners 3.5Gryphon Partners IGryphon Partners IIGryphon Partners IIIGryphon Partners III-C Annex FundGS Capital Partners 2000 GS Capital Partners IIGS Capital Partners IIIGS Capital Partners VGS Capital Partners VIGS Mezzanine Partners 2006GS Mezzanine Partners IGS Mezzanine Partners II GS Mezzanine Partners IIIGS Mezzanine Partners VGS Opportunity PartnersGS Private Equity Partners 2000 Manager FundGS Private Equity Partners ConnecticutGSO Capital Opportunities FundGSO Capital Opportunities Fund IIGSO Capital Solutions FundGSR Ventures IIIGuardian Realty Fund II Guggenheim Structured Real Estate FundGuggenheim Structured Real Estate Fund IIGuggenheim Structured Real Estate Fund IIIGVP IGVP IIH.I.G. Bayside Debt & LBO Fund IIH.I.G. Bayside Loan Opportunity Fund IIH.I.G. Bayside Loan Opportunity Fund IIIHalder Investments IIIHalder Investments IVHalder-Gimv Germany Fund

Halder-Gimv Germany IIHalpern & Denny IIHalyard Capital Fund IIHambro International Venture Fund IIHamilton Lane Co-Investment FundHamilton Lane Co-Investment Fund IIHamilton Lane Private Equity Fund VIHamilton Lane Secondary FundHamilton Lane Secondary Fund IIHamilton Lane Secondary Fund IIIHamilton Robinson Capital Partners IIHamilton Robinson Capital Partners IIIHampshire Equity Partners IIHancock ForesTree IIHancock ForesTree IIIHancock ForesTree IVHancock ForesTree VIIIHancock ForesTree XHancock Mezzanine Partners VHancock Park Capital IIHancock Park Capital IIIHarbert Australian Private Equity FundHarbert European Real Estate FundHarbert European Real Estate Fund IIHarbert European Real Estate Fund II (Parallel)Harbert European Real Estate Fund IIIHarbert Mezzanine Partners IIHarbert Power Fund IIIHarbert Power Fund IVHarbert Private Equity Fund IIHarbert Real Estate Fund IIHarbert Real Estate Fund IIIHarbert Real Estate Fund VHarbert United States Real Estate Fund IVHarbert Venture Partners IHarbert Venture Partners IIHarbert Venture Partners IIIHarbinger Independent Power Fund IHarbinger Independent Power Fund IIHarbinger Mezzanine Partners IHarbinger Private Equity Fund IHarbinger Real Estate Partners IHarbour Group Investment IIIHarbourVest 2004 Direct FundHarbourVest 2007 Direct FundHarbourVest FalconHarbourVest InternationalHarbourVest International II DirectHarbourVest International II PartnershipHarbourVest International III DirectHarbourVest International Private Equity Partners VI Asia Pacifi cHarbourVest International Private Equity Partners VI Emerging MarketsHarbourVest International V DirectHarbourVest International V PartnershipHarbourVest International VI PartnershipHarbourVest PartnersHarbourVest Partners - Mayfl owerHarbourVest Partners 2013 Direct FundHarbourVest Partners Cleantech Fund IHarbourVest Partners IIHarbourVest Partners IIIHarbourVest Partners IV DirectHarbourVest Partners IX - BuyoutHarbourVest Partners IX - CreditHarbourVest Partners IX - VentureHarbourVest Partners IX- Cayman Venture FundHarbourVest Partners IX-Cayman Buyout FundHarbourVest Partners IX-Cayman Credit Opportunities FundHarbourVest Partners VI BuyoutHarbourVest Partners VI PartnershipHarbourVest Partners VII - BuyoutHarbourVest Partners VII - MezzanineHarbourVest Partners VII - VentureHarbourVest Partners VIII - BuyoutHarbourVest Partners VIII - VentureHarren Investors IHarren Investors IIHarrington FundHarvest Partners IIIHarvest Partners IVHarvest Partners VHarvest Partners VIHCI Equity Partners IIIHDFC IT CorridorHeadland Asian Ventures Fund 2Headland Asian Ventures Fund 3

Headland Private Equity Fund 2Headland Private Equity Fund 3Headland Technology FundHeadlands Capital Secondary FundHealth Evolution Partners Growth Fund Healthcap IVHealthcare Equity PartnersHealthcare Focus FundHealthCare Ventures IIHealthCare Ventures III/IVHealthpointCapital Partners IHearthstone Acquisition & Development PartnersHearthstone Housing PartnersHearthstone Housing Partners IIHearthstone Housing Partners IIIHearthstone MS/SEP Homebuilding PartnersHearthstone Multi-State II Homebuilding PartnersHearthstone Multi-State Value Added Fund IIIHearthstone RFC/OLY Homebuilding PartnersHeitman Central Europe Property PartnersHeitman IVHellman & Friedman IHellman & Friedman IIHellman & Friedman IIIHellman & Friedman IVHellman & Friedman VHellman & Friedman VIHellman & Friedman VIIHelmsman Capital Fund Helmsman Capital Fund IIHemisferio Sul Investimentos Fund IVHenderson PFI Secondary IHeritage Fields Capital Co-Investor MemberHeritage Fund IHeritage Fund IIHeritage Fund IIIHerkules Private Equity Fund IHerkules Private Equity Fund IIHerkules Private Equity Fund IIIHermes GPE Environmental Innovation FundHEV IIIHG Capital IHG Capital IIHG Capital IIIHG Capital IVHG Capital VHgCapital 5HgCapital 6HgCapital 7HgCapital Renewable Power Partners Fund IIHickoryHicks, Muse, Tate & Furst Equity FundHicks, Muse, Tate & Furst Equity Fund IIHicks, Muse, Tate & Furst Equity Fund IIIHicks, Muse, Tate & Furst Equity Fund IVHicks, Muse, Tate & Furst Europe Fund IHIG Capital Partners VHIG Growth Buyouts & Equity Fund IIHighcrest Partners FundHighland Capital PartnersHighland Capital Partners IIHighland Capital Partners IXHighland Capital Partners VHighland Capital Partners VIHighland Capital Partners VIIHighland Capital Partners VIIIHighland Consumer Fund IHighway 12 Venture Fund IIHill Partnership IIIHines US Offi ce Value Added Fund IIHIPEP V-Asia Pacifi c and Rest of World PartnershipHirtle Callaghan Private Equity Fund IHirtle Callaghan Private Equity Fund IIHirtle Callaghan Private Equity Fund IIIHirtle Callaghan Private Equity Fund IVHirtle Callaghan Private Equity Fund IXHirtle Callaghan Private Equity Fund VHirtle Callaghan Private Equity Fund VIHirtle Callaghan Private Equity Fund VIIHirtle Callaghan Private Equity Fund VIIIHispania Private Equity

Hispania Private Equity IIHitecVision Private Equity IIIHitecVision Private Equity VIHM Capital Sector Performance FundHMTF Equity Fund VHollyport Secondary Opportunities IIIHollyport Secondary Opportunities IVHoltron Capital IHometown AmericaHony Capital Fund IIIHony Capital Fund VHopewell VenturesHorizon Capital Partners IAHorizon Equity Fund IIIHorizon TechventuresHorsley Bridge Fund IHorsley Bridge Fund IIHorsley Bridge Fund IIIHorsley Bridge Fund VIIHouston Venture PartnersHSBC Capital Canada Private Equity FundHSBC Private Equity European HSBC Private Equity Partnership SchemeHudson Clean Energy PartnersHudson Realty Capital Fund IVHudson Venture Partners IHuff Alternative Income FundHunt Commercial Realty Partners IHunt Commercial Realty Partners IIHunt Commercial Realty Partners IIIHunt UK Realty Partners FundHuntsman Gay Capital PartnersHyde Park Venture PartnersHyperion Partners III&F II&FI III2 Capital PartnersIAI Ventures IIB Australian BioSciences Fund IIberia FundIC Berkeley Partners IIIICG Europe Fund VICG European Fund 2006ICG Mezzanine Fund 2003ICG Minority Partners Fund 2008ICG Recovery Fund 2008ICV Partners IIICV Partners IIIIDeA Capital Fund IIDeA Capital Fund IIIDG Ventures India IFE Fund IIIFE Fund IIIIL&FS India Realty FundIL&FS India Realty Fund IIIllinois Emerging Technologies FundIllinois Private Equity Fund Of FundsIlmarisen Suomi-Rahasto IILP IILP IIILP IIIILP Investment VehicleILS PartnersImmoFin SICARImmoFinRe IIImocarImpax New Energy InvestorsImpax New Energy Investors IIImperial Capital Acquisition Fund IIImperial Capital Acquisition Fund III - High Net WorthImperial Capital Acquisition Fund III - InstitutionalImperial Capital Acquisition Fund IVImperial Capital Leveraged Acquisition FundIMR FundIndex Ventures IIIndex Ventures IIIIndia Auto Ancillary FundIndia Value Fund IIIIndustri Kapital 1989 Fund Industri Kapital 1994 FundIndustri Kapital 1997 Fund Industri Kapital 2000 FundIndustri Kapital 2004 FundIndustri Kapital 2007 FundIndustrial Growth PartnersIndustrial Mezzanine FundIndustrial Opportunity Partners IIndustry Ventures Acquisition FundIndustry Ventures Secondary VIIIndustry Ventures VIInfi nity Capital Venture 1999Infl exion 2003 Buyout FundInfl exion 2006 Buyout FundInfl exion 2010 Buyout FundInfl exion 2012 Co-Investment FundInfl exion Co-Investment FundInformation Technology VenturesInformation Technology Ventures IIInfraRed Environmental Infrastructure FundInfraRed European Active Real



Estate FundInfraRed Infrastructure Fund IInfraRed Infrastructure Fund IIIInfrastructure, Public Service and Natural Resource Investment FundING Equity PartnersING Realty PartnersInman & BowmanInnisfree PFI Fund IIIInnisfree PFI Secondary FundInnkap IInnkap IIInnkap IIIInnkap IVInnoCalInnogest Capital Innogest Capital IIInnova/3Innova/4Innova/5Innova/98Innovacom 1Innovacom 2Innovacom 3Innovacom 4Innovacom 5Innovacom 6Innovation Capital Fund IInnovation Capital Fund IIInnoVentures Capital Partners IInnoVentures Capital Partners IIInroads Capital PartnersInsight Equity IInsight Equity IIInsight Equity Mezzanine IInsight Venture Partners (Cayman) IIInsight Venture Partners (Cayman) IIIInsight Venture Partners (Cayman) IVInsight Venture Partners Coinvestment Fund IInsight Venture Partners Coinvestment Fund IIInsight Venture Partners VInsight Venture Partners VIInsight Venture Partners VIIInsight Venture Partners VIIIInstitutional Venture Capital Fund IIInstitutional Venture Partners IIIInstitutional Venture Partners VInstitutional Venture Partners VIInstitutional Venture Partners XInstitutional Venture Partners XIIIInstitutional Venture Partners XIVIntegrated Capital Hospitality FundInter-Asia Capital IInter-Asia Capital IIInter-Asia Capital IIIInter-Risco IIInter-Risco II CIIntercontinental Real Estate Fund IIIntermediate Capital Asia Pacifi c Mezzanine Fund 2005International Finance Participation Trust 2001 (IFPT ‘01)International Finance Participation Trust 2004 (IFPT ‘04)International Private Equity Partners IIInternational Private Equity Partners IIIInternational Venture Fund IIntersouth Partners IIntersouth Partners IIIntersouth Partners IVIntersouth Partners VIntersouth Partners VIIntersouth Partners VIIIntervale Capital Fund IIntervale Capital Fund IIInterWest Partners IInterWest Partners IIInterWest Partners IIIInterWest Partners IVInterWest Partners IXInterWest Partners VInterWest Partners VIInterWest Partners VIIInterWest Partners VIIIInterWest Partners XINVESCO Private Capital Fund IINVESCO Private Capital Fund II-AINVESCO Private Capital Fund IIIINVESCO Real Estate Fund IINVESCO Real Estate Fund IIInvestcorp Technology Partners IIIInvestecInvico Balanced Real Estate FundInvico Energy IIInvico Energy IIIInvision IVIP Fund IIPV Capital IIPV Capital IIIronwood Mezzanine Fund IIronwood Mezzanine Fund IIIronwood Mezzanine Fund III

Ironwood Mezzanine Fund III-AIrving Place Capital Partners IIIrving Place Capital Partners IIIIsis Growth IISIS IIISIS IIIISIS IVISIS VIslamic Infrastructure FundIsrael Seed Partners IVISTART-1Italian Private Equity Fund IItalian Private Equity Fund IIIITU Ventures WEST IIwakaze IJ-STAR Number One Investment Limited PartnershipJackson Timberland OpportunitiesJAFCO America Technology Fund IIIJAFCO G-3JAFCO G-4JAFCO G-5JAFCO G-6(A)(B)JAFCO G-7(A)(B)JAFCO G-8(A)(B)JAFCO MBO 1JAFCO No 1JAFCO No 2JAFCO No 3JAFCO No 4JAFCO No 5JAFCO No 6JAFCO R-3JAFCO R1(A)(B)JAFCO R2Janus ParticipationsJATFJatoTech VenturesJAVPJAVP 2JBC Acquisition and Development Fund IJBC Fund IVJBC Opportunity Fund IIJBC Opportunity Fund IIIJBG Fund IIJC Flowers IIJEN Partners IJEN Partners IIIJEN Partners IVJEN ResidentialJensen Group IJensen Russian Real Estate Fund IIJER Real Estate Partners Europe IIIJER Real Estate Partners IJER Real Estate Partners IIJER Real Estate Partners IVJerusalem Venture Partners IJK&B Capital IVJLL Partners Fund IIIJLL Partners Fund IVJLL Partners Fund VJLL Partners Fund VIJMB VJMI Equity Fund IIIJMI Equity Fund IVJMI Equity Fund VJMI Equity Fund VIJOG IJOG IIJOG IIIJOG IVJOG VJOG VIJoint Energy Development InvestmentsJoseph Littlejohn & Levy Fund IJoseph Littlejohn & Levy Fund IIJP Morgan India Property FundJP Morgan Partners Global InvestorsJPMorgan Venture Capital Investors IIIJuno International ParticipationsJunqueiraKairos Partners Private Equity FundKayne Anderson Energy Fund IKayne Anderson Energy Fund IIKayne Anderson Energy Fund VKayne Anderson Energy Fund VIKB Mezzanine Fund IIKBA PartnersKBA Partners IIKEC Ventures IKelso ASI PartnersKelso Investment Associates VKelso Investment Associates VIKelso Investment Associates VIIKelso Investment Associates VIIIKenan-Flagler Private Equity Fund IKenan-Flagler Private Equity Fund IIKennedy Wilson Property Fund IIIKensington Co-Investment Fund AKensington Fund of Funds IIKensington Private Equity Fund IVKentucky Seed Capital FundKERN Energy Partners Fund IIKERN Energy Partners Fund III

KERN Energy Partners I FundKerogen Energy FundKettle Partners IIKeystone IVKeystone Minority Capital FundKeystone VKeystone Ventures IIKeystone VI (Novo Vita)Khosla Ventures IIIKhosla Ventures IVKhosla Ventures SeedKhosla Ventures Seed BKibo FundKidd Kamm Equity PartnersKirtland Capital PartnersKitty Hawk Capital IIIKKR Asia Fund KKR Asia Fund IIKKR China Growth FundKKR E2 Investors - Annex FundKKR Energy Income & Growth Fund IKKR European FundKKR European Fund IIKKR European Fund IIIKKR Fund 1976KKR Fund 1980KKR Fund 1982KKR Fund 1984KKR Fund 1986KKR Fund 1987KKR Fund 1993KKR Fund 1996KKR Fund 2006KKR Infrastructure FundKKR Mezzanine Partners IKKR Millennium FundKKR Natural ResourcesKKR North American XI FundKKR Special Situations FundKleiner Perkins Caufi eld & Byers IIIKleiner Perkins Caufi eld & Byers IVKleiner Perkins Caufi eld & Byers VKleiner Perkins Caufi eld & Byers VIKleinwort Benson VenturesKline Hawkes Pacifi cKLPKnightsbridge Integrated Holdings IKnightsbridge Integrated Holdings IIKnightsbridge Integrated Holdings IIIKnightsbridge Venture Capital VIKnightsbridge Venture Capital VIIKnightsbridge Venture Capital VIIIKnightsbridge Venture Completion 2005Knox Fund IKnox Investment Partners Fund IVKohlberg Investors IKohlberg Investors IIKohlberg Investors IIIKohlberg Investors IVKohlberg Investors VKohlberg Investors VIKoll Bren Fund VKoll Bren Fund VIKoll Bren Opportunity Fund IKoll Bren Opportunity Fund IIKoll Bren Opportunity Fund IIIKPS Special Situations FundKPS Special Situations Fund IIKPS Special Situations Fund IIIKPS Supplemental FundKPS Supplemental Special Situations Fund IIIKRG Capital Fund IKRG Capital Fund IIKRG Capital Fund IIIKRG Capital Fund IVKSL Capital Partners IIKSL Capital Partners IIIKSL Capital Partners Supplemental IIKTR Industrial Fund IIKTR Industrial Fund IIIKuwait LBO FundL Capital 1L Capital AsiaLake Capital PartnersLandmark Equity Partners IILandmark Equity Partners XLandmark Equity Partners XIVLandmark Real Estate Fund VILandsbanki Mezzanine Fund IILarimer Venture Management IILaSalle Asia Opportunity Fund IVLaSalle Asia Recovery FundLaSalle Income & Growth IILaSalle Income & Growth IIILaSalle Income & Growth IVLaSalle Income & Growth VLaSalle Income Parking FundLaSalle Japan Logistics Fund IILatin America Enterprise FundLatin America Enterprise Fund IILatin America PE Growth Fund IILatin Power ILatin Power IILatin Power III

Lawrence Tyrrell OrtaleLawrence Tyrrell Ortale IILazard Australia Corporate Opportunities Fund IILazard Freres Real Estate Offshore ILazard Freres Real Estate Offshore IILazard Leisure Fund IILazard Technology Partners IILBC Credit Partners ILBC Credit Partners IILC Fund VLeeds Equity Partners VLegacy CapitalLegacy Partners Realty Fund IILegg Mason Mezzanine FundLehman Brothers Communications PartnersLehman Brothers Merchant BankingLehman Brothers Merchant Banking IILereko Metier Capital Growth Fund Levine Leichtman Capital PartnersLevine Leichtman Capital Partners Deep Value FundLevine Leichtman Capital Partners IIILevine Leichtman Capital Partners IVLevine Leichtman Capital Partners VLevine Leichtman CP California GrowthLevmark CapitalLexington Capital Partners IILexington Capital Partners IIILexington Capital Partners IVLexington Capital Partners VLexington Capital Partners VILexington Capital Partners VIILexington Middle Market InvestorsLexington Middle Market Investors IILF Strategic Realty Investors IILFP European Fund of FundsLGV 1 Private Equity FundLGV 2 Private Equity FundLGV 3 Private Equity FundLGV 5 Private Equity FundLHV Capital ILiberty Partners Pool ILiberty Partners Pool IILiberty Partners Pool IIILiberty Partners Pool IVLiberty Partners Pool VLiberty Partners Pool VIILighthouse Capital Partners IIILighthouse Capital Partners IVLightspeed Venture Partners IXLightspeed Venture Partners VILightyear Fund IIILime Rock PartnersLime Rock Partners IILime Rock Partners IIILime Rock Partners IVLime Rock Partners VLime Rock Partners VILime Rock ResourcesLime Rock Resources IILincolnshire Equity Fund IVLincolnshire Pledge FundLindsay Goldberg - Fund ILindsay Goldberg - Fund IILindsay Goldberg - Fund IIILinsalata Capital Partners IIILion Capital Fund ILion Capital Fund IILion Capital Fund IIILionstone Cash Flow Offi ce One Non MandateLionstone Cash Flow Offi ce TwoLionstone Cash Flow Real Estate Partners OneLionstone U.S. Land OneLionstone U.S. Land TwoLionstone Urban Investments OneLionstone Urban Investments TwoLitCapital ILithuania SME FundLitorina Kapital Fund IILitorina Kapital Fund IIILitorina Kapital Fund IVLittlejohn Fund IIILittlejohn Fund IVLiveOak Venture Partners ILNK Partners ILNK Partners IILoanCore CapitalLodging OpportunitiesLogistics & DistributionLombard Asia IIILombard Asia IVLombard Nogales Radio PartnersLombard Pacifi c PartnersLondon Development Capital FundLone Star CRA FundLone Star Fund ILone Star Fund IILone Star Fund IIILone Star Fund IVLone Star Fund VILone Star Fund VII

Lone Star Fund VIIILone Star New Markets FundLone Star Opportunities Fund VLone Star Real Estate Fund ILone Star Real Estate Fund IILong Wharf Real Estate Partners IVLongitude Venture PartnersLongitude Venture Partners IILongreach Capital Partners 1Longreach Capital Partners 2Longroad Capital Partners IIILongview FundingLovell Minnick Equity PartnersLovell Minnick Equity Partners IILovell Minnick Equity Partners IIILowe Hospitality Structured Investment FundLoyalhanna Venture FundLREC Special Situations Fund ILREC Special Situations Fund IILubert Adler Real Estate Fund ILubert Adler Real Estate Fund IILubert Adler Real Estate Fund IIILubert Adler Real Estate Fund VIILusofundoLyonnaise Asia WaterM&G Real Estate Debt Fund IIM2 NY Pioneer FundM2 Private Equity Fund of FundsMacFarlane Urban Real Estate IIMacquarie Alternative Investment Trust IIMacquarie Alternative Investment Trust IIIMacquarie Alternative Investment Trust IVMacquarie Alternative Investment Trust V Macquarie Alternative Investment Trust VIMacquarie Asia Pacifi c Co-Investment FundMacquarie Asia Pacifi c Co-Investment Fund IIMacquarie Asia Pacifi c Private Equity FundMacquarie Asia Pacifi c Private Equity Fund IIMacquarie Wholesale Co-investment FundMadison Dearborn Capital Partners IMadison Dearborn Capital Partners IIMadison Dearborn Capital Partners IIIMadison Dearborn Capital Partners IVMadison Dearborn Capital Partners VMadison Dearborn Capital Partners VIMaghreb Private Equity Fund IIMagnum CapitalMain Capital Partners IIMain Capital Partners IIIMainsail Partners IIMandarin Capital Partners IMangrove IIMangrove IIIMangrove NTVC IMaranon Mezzanine Fund IMariner Real Estate PartnersMariner Real Estate Partners IIMariner Real Estate Partners IIIMarkaz Real Estate Opportunities FundMarkaz U.S. Multifamily Realty Investment Unit IVMarkaz-BBK US Retail Realty Investment Unit IIMarkstone Capital PartnersMarlborough Capital Investment IMarlin Equity Partners IVMarquette Venture IMarquette Venture IIMaryland Venture Capital TrustMateria VenturesMatlinPatterson Global Opportunities IIMatlinPatterson Global Opportunities IIIMatlinPatterson II Preferred PartnersMatrix Partners IIMatrix Partners IIIMatrix Partners IVMatrix Partners VMayfi eld India IMayfi eld IVMayfi eld VMayfi eld VIMayfi eld VIIMayfi eld VIIIMayfi eld XIMayfi eld XIVMBK Partners IIMBK Partners IIIMBO Fund No.1 MCM Capital II



MD Asia InvestorsMedia / Communications Partners IIMedia / Communications Partners VMedia / Communications Partners VIMedical Research Commercialisation Fund IIFMengus Stockholm ABMenlo Evergreen VMenlo Venture PartnersMenlo Ventures IIIMenlo Ventures IVMenlo Ventures IXMenlo Ventures VIMenlo Ventures VIIMenlo Ventures VIIIMenlo Ventures XMenlo Ventures XIMerced IIMerced IIIMerced IVMercosur SupermarketsMeridiam Infrastructure FundMeridiam North American Infrastructure FundMeridian Venture PartnersMerit Mezzanine Fund IVMerit Mezzanine Fund VMeritech Capital Partners IVMerrill Pickard Anderson & Eyre VMerus Capital Fund IMesa West Real Estate Income FundMesa West Real Estate Income Fund IIMesa West Real Estate Income Fund IIIMesirow Financial Private Equity Partnership Fund IVMesirow Capital Partners IIIMesirow Capital Partners VMesirow Capital Partners VIMesirow Capital Partners VIIMesirow Financial Private Equity Partnership Fund IIIMesirow Financial Real Estate Value FundMetropolitan Real Estate Equity Partners IIIMexico VenturesMezzanine Lending Associates IIIMezzanine Management Fund IIIMezzanine Realty PartnersMezzanine Realty Partners IIMezzanine Realty Partners IIIMezzanis Fund 2MezzVest IMezzVest IIMezzVest IIIMFIRE Domestic Partnership Fund IMFIRE InternationalMG Stratum Fund IMG Stratum Fund IIMG Stratum Fund IIIMGPA Asia Fund IIIMHR Institutional PartnersMHR Institutional Partners IIMHR Institutional Partners IIIMiami Valley Venture FundMid Europa Fund IIIMiddle Market Fund IIMiddle Market Fund IIIMiddle Market Fund IVMidinvest Fund IMidinvest Fund IIMidland Montagu InvestissementMidOcean PartnersMidOcean Partners Fund IIIMidtown Fund IIIMidwest Mezzanine Fund IMidwest Mezzanine Fund IIMidwest Mezzanine Fund IIIMidwest Mezzanine Fund IVMilestone 2007Millennium Technology Value PartnersMillennium Technology Value Partners IIMiller Global Fund IMiller Global Fund IIIMiller Global Fund VIIMining Investments Separate AccountMissouri PERSMissouri PERS IIMithras Capital FundMMV Private Equity FundMNC PartnersMobius Technology Ventures VIMohr Davidow Ventures IIIMohr Davidow Ventures IVMonitor Clipper IMonitor Clipper IAMonomoy Capital Partners IMonomoy Capital Partners IIMontagu IIIMontagu IVMontauk TriGuard III

Montauk TriGuard IVMontauk TriGuard VMontlake Capital IIMonument Capital Partners IMorgan Creek Partners Venture Access FundMorgan Grenfell Equity Partners IIMorgan Holland IIMorgan Stanley AIP Global Diversifi ed Fund - PMF IIMorgan Stanley Capital Partners IIIMorgan Stanley Capital Partners IVMorgan Stanley Capital Partners VMorgan Stanley Global Distressed OpportunitiesMorgan Stanley Global Emerging Markets Private InvMorgan Stanley Global Secondary Opportunities Fund IMorgan Stanley Leveraged Equity Fund IMorgan Stanley Leveraged Equity Fund IIMorgan Stanley Private Equity Asia Fund IIMorgan Stanley Private Equity Asia Fund IIIMorgan Stanley Private Equity Asia Fund IVMorgan Stanley Private Markets Fund IMorgan Stanley Private Markets Fund IIIMorgan Stanley Private Markets Fund IVMorgan Stanley Private Markets Fund VMorgan Stanley Real Estate Fund VII GlobalMorgan Stanley Real Estate Mezzanine PartnersMorgan Stanley Venture Partners IIMorgan Stanley Venture Partners IIIMorgan Stanley Ventures Capital FundMorgenthaler Venture Partners IIMorgenthaler Venture Partners IIIMorgenthaler Venture Partners IVMorgenthaler Venture Partners VIIMOST 5-1MOST 5-2Mountgrange Real Estate Opportunity FundMPC Global Equity 7MPC Global Equity 8MPC Private Equity 11MPM BioVentures I MPM BioVentures IIMPM BioVentures IIIMPM BioVentures IVMPM BioVentures VMPM SunStates FundMSIF Mezzanine FundMSPA AcquisitionMTIMTI IVMTI VenturesMTS Health Investors IIMultifamily PartnersMultinational Industrial FundMultinational Industrial Fund IIMultiples IMurphree Venture Partners IVMurphree Venture Partners VMurphree Venture Partners VIMurray Johnstone Private Acquisition IMurray Johnstone Private Acquisition IIMUST 2MUST 3MUST 4Mutual Capital Partners Fund IMutual Capital Partners Fund IIMVP II Liquidating Trust Narragansett First FundNash Sells INational Pension 05-2 Korea Investment Venture Capital Fund XNatixis Ventech ChinaNatural Gas Partners IINatural Gas Partners IIINatural Gas Partners IVNatural Gas Partners IXNatural Gas Partners VNatural Gas Partners VINatural Gas Partners VIINatural Gas Partners VIIINatural Gas Partners XNauta Tech Invest INauta Tech Invest IINauta Tech Invest IIINautic Partners VNautic Partners VINavis Asia Fund I and IINavis Asia Fund VNavis Asia Fund VI

Nazem & Company IINazem & Company IIINCT Ventures Fund INeoMed IINeoMed IIINeoMed IVNEPA Venture INEPA Venture IINEREO Renewable Energy INew Atlantic Venture Fund IIINew Atlantic Venture Fund IVNew Court VenturesNew England Growth Fund INew England Growth Fund IINew England Real Estate Equity FundNew Enterprise Associates INew Enterprise Associates IINew Enterprise Associates IVNew Enterprise Associates IXNew Enterprise Associates VNew Enterprise Associates VIIINew Enterprise Associates XNew Enterprise Associates XIINew Enterprise Associates XIIINew Enterprise Associates XIVNew Europe Venture Equity FundNew Europe Venture Equity IINew Horizon Capital Fund IIINew Jersey Asia Investors Fund IINew Jersey Developing Markets Private Equity ProgramNew Leaf Venture IINew Leaf Ventures INew Mountain PartnersNew Mountain Partners IINew Mountain Partners IIINew York CRF Investment FundNew York Legacy Venture Capital FundNew York Life Capital Partners INew York Life Capital Partners IINew York Life Capital Partners IIINew York Life Capital Partners IVNew York/Fairview Emerging ManagersNew York/Fairview Emerging Managers -Tranche 2New York/Fairview Private EquityNewbridge Asia IINewbridge Asia IIINewbridge Asia IVNewbridge Investment PartnersNewbury Equity PartnersNewbury Equity Partners IINewMargin Partners INewQuest Asia Fund INewstone Capital INewstone Capital IINewtek Ventures IINEXTNext Capital Next Capital IINext Wave Partners Fund INext Wave Partners Fund IBNG Capital Partners IINGEN Partners IINGEN Partners IIINippon Investment PartnersNiXEN INiXEN IINJDOI/GMAM Core Plus RE InvestmentNJDOI/GMAM Opp RE Investment ProgramNJHL European Buyout Investment Fund INJHL European Buyout Investment Fund IINJHL European Buyout Investment Fund IIINL Ventures IIINL Ventures IVNMS Capital IINogales Investors Fund INokia Ventures Fund (Blue Run Venture)Nord Ovest ImpresaNordic Biotech Venture Fund IINordic Capital Fund IIINordic Capital Fund IVNordic Capital Fund VNordic Capital Fund VINordic Capital Fund VIINordic Capital Fund VIIINordic Mezzanine Fund INordic Mezzanine Fund IINordic Mezzanine Fund IIINordic Private Equity Partners INordic Private Equity Partners IINoro-Moseley Partners INoro-Moseley Partners IINorth Bridge Venture Partners IVNorth Bridge Venture Partners VNorth Sky LBO Fund IINorth Sky LBO Fund IIINorth Sky LBO Fund IV

North Sky Venture Fund IINorth Sky Venture Fund IIINorth Sky Venture Fund IVNorthEdge Capital FundNorthern Investment CompanyNorthern Venture Partnership FundNorthgate Private Equity Partners IVNorthgate VNorthgate Venture Partners VINorthleaf Capital/CFOF Canadian Private Equity HoldingsNorthleaf Capital/CFOF Canadian Private Equity Holdings IINorthwest Ohio Venture FundNovak Biddle Venture Partners INovak Biddle Venture Partners IINovak Biddle Venture Partners IIINovak Biddle Venture Partners VNovimoveNovo Tellus PE Fund 1NREP Real Estate Debt FundNth Power IVNYLCAP Mezzanine Partners IIINYLCAP Select Manager FundNYLCAP Select Manager Fund IINYLIM Mezzanine Partners IINYS Co-Investment Fund (GE)NYSCRF Pioneer Partnership Fund AO’Connor North American Property Partners IIO’Donnell & MasurOak Hill Capital Partners IIOak Hill Capital Partners IIIOak Investment Partners IOak Investment Partners IVOak Investment Partners IXOak Investment Partners VOak Investment Partners VIIIOak Investment Partners XOak Investment Partners XIOak Investment Partners XIIOak Investment Partners XIIIOak Street Partners RE Fund IOak Street Real Estate Capital Fund IIOaktree Opportunities Fund IXOccasio CMBS Fund IOCM European Principal Opportunities Fund IIOCM European Principal Opportunities Fund IIIOCM Opportunities FundOCM Opportunities Fund IIOCM Opportunities Fund IIIOCM Opportunities Fund IVOCM Opportunities Fund IV-BOCM Opportunities Fund VOCM Opportunities Fund VIOCM Opportunities Fund VIIOCM Opportunities Fund VIIBOCM Opportunities Fund VIIIOCM Opportunities Fund VIIIBOCM Principal Opportunities FundOCM Principal Opportunities Fund IIOCM Principal Opportunities Fund IIIOCM Principal Opportunities Fund IVOCM Principal Opportunities Fund VOCM Real Estate Opportunities Fund AOCM/GFI Power Opportunities FundOdyssey Investment Partners Fund IVOffi ce Park Expo FundOFI Europa IOFI Europa IIOFI Europa IIIOFI Infra Multi-Select OFI Infra Multi-Select IIOFS Investments OFS Investments IIIOFS Investments IVOHA European Strategic Credit FundOHA Strategic Credit FundOld Court VenturesOly Hightop HoldingOlympic Venture Partners IIOlympic Venture Partners IIIOlympic Venture Partners IVOlympic Venture Partners VOlympus Growth Fund IIOlympus Growth Fund IVOlympus Growth Fund VOlympus Private Placement FundOlympus Real Estate FundOlympus Real Estate Fund IIOlympus Real Estate Fund IIIOMIGSA International Private Equity Fund of FundsOMIGSA International Private Equity Fund of Funds IIOne Liberty Fund IIIOnex PartnersOnex Partners IIOnex Partners IIIOpenView Venture PartnersOPERS International Timber Fund

OPERS Pathway Private Equity FundOpus Capital IOpus Capital VIOrbiMed Private Investments VOrchid Asia VOregon Investment FundOregon Investment Fund 1bOregon PERF IOregon PERF II Oregon PERF IIIOrion European Real Estate Fund IOrion Mine Finance Fund IORM Timber Fund IIIOSCCO IIIOverlord 2001 InvestmentOVP Venture Partners VIOVP Venture Partners VIIOxford Bioscience Partners IOxford Bioscience Partners IIIOxford Bioscience Partners IVOxford Venture Fund IIIOZNJ – Real EstateP/A FundP/S BankInvest New Energy Solutions IIPacholder Value Opportunity FundPacifi c Community Ventures IIPacifi c Community Ventures IIIPacifi c Equity Partners Fund IPacifi c Equity Partners Fund IIPacifi c Equity Partners Fund IIIPacifi c Equity Partners Fund IVPacifi c Equity Partners Supplementary Fund IIPacifi c Road Resources FundPacifi c Synergies IVPAG Asia IPAI Europe IVPAI Europe VPAI LBO FundPaladin IIIPalamon European Equity IIPalladian Partners 2001Palladian Partners IPalladian Partners IIPalladian Partners IIIPalladian Partners IVPalladian Partners VPalladian Partners VIPalladian Partners VIIPalladium Equity Partners II and Affi liatesPalladium Equity Partners IIIPalladium Equity Partners IVPalomar Ventures IIPan-European Infrastructure FundPangaea TwoPanoramic Enterprise Capital Fund IPantheon Asia Fund IPantheon Asia Fund IIPantheon Asia Fund IIIPantheon Asia Fund IVPantheon Asia Fund VPantheon Asia Fund VIPantheon Emerging Asia Fund VIPantheon Europe 1988Pantheon Europe 1991Pantheon Europe 1994Pantheon Europe Fund IPantheon Europe Fund IIPantheon Europe Fund IIIPantheon Europe Fund IVPantheon Europe Fund VPantheon Europe Fund VIPantheon Europe Fund VIIPantheon Ex-AsiaPantheon Global Co-investment Fund IIPantheon Global Infrastructure Fund IIPantheon Global Secondary FundPantheon Global Secondary Fund IIPantheon Global Secondary Fund IIIPantheon Global Secondary Fund IVPantheon USA Fund Pantheon USA Fund IIPantheon USA Fund IIIPantheon USA Fund IVPantheon USA Fund IXPantheon USA Fund VPantheon USA Fund VIPantheon USA Fund VIIPantheon USA Fund VIIIPantheon USA Small Funds Program IXPantheon Venture Partners IPantheon Venture Partners IIParagon PartnersParagon Venture Partners IIParibas International Ventures IParis Offi ce Fund 2Park Square Capital Partners IIPark Street Capital Natural ResourcePark Street Capital Natural Resource Fund IIIPark Street Capital Natural Resource



Fund IVPark Street Capital Natural Resource Fund VPark Street Capital Natural Resource IIPark Street Capital Private Equity Fund IXPark Street Capital Private Equity Fund V Park Street Capital Private Equity Fund VIPark Street Capital Private Equity Fund VIIPark Street Capital Private Equity Fund VIIIPark Street Capital Private Equity Fund XParmenter Realty Fund IParmenter Realty Fund IIParmenter Realty Fund IIIParmenter Realty Partners Fund IVPartech International Ventures IIPartech International Ventures IVParthenon InvestorsParthenon Investors IIParthenon Investors IIIParthenon Investors IVPartners for GrowthPartners for Growth IIPartners for Growth IIIPartners for Growth IVPartners Group Emerging Markets 2011Partners Group European Mezzanine 2008Partners Group Maple LeafPartners Group Maple Leaf Secondary Fund IIPartners Group Secondary 2004Partners Group Secondary 2008Partners Group Secondary 2011Partners Group US Private Equity 2011Pathfi nder Venture Capital Fund IIIPathway Private Equity Fund III-BPathway Private Equity Fund Investors VIPathway Private Equity Fund VIIIPathway Private Equity Fund XVIIIPathway Private Equity Fund XXIIIPathway Private Equity IIIPatria Brazilian Private Equity Fund IIIPatrimonium Middle Market Debt FundPaul Capital Partners VPCG Corporate Partners FundPeabody Global Real Estate PartnersPeak Rock Capital FundPechel Industries IPechel Industries IIPechel Industries IIIPECO Opportunity Fund 1PECO Opportunity Fund 2PECO Opportunity Fund 3Pencarrow IV FundPeninsula Capital Fund IIPeninsula Capital Fund VPenman Private Equity & Mezzannine FundPenn Square Global Real Estate Fund IPenn Square Global Real Estate Fund IIPEP Technology Fund 2000Peppertree FundPeppertree Fund IIPeregrine Greater China Capital Appreciation FundPerella Weinberg Real Estate Fund IIPerfectis IPerfectis IIPerfectis TranoïPerformance Venture Capital IIPeriscope Fund IPermal Ohio Midwest PartnersPermal Ohio Midwest Partners IIPermal Private Equity Opportunities IVPermira Europe IPermira Europe IIPermira Europe IIIPermira France IPermira France IIPermira German Buy-OutsPermira German Buyouts 1992Permira Italy IPermira Italy IIPermira IVPermira U.K. Venture I ExtensionPermira UK IPermira UK IIPermira UK IIIPermira UK Venture Fund IIIPermira UK Venture Fund IVPerseus 1996

Perseus 2000 Expansion FundPerseus Market Opportunity FundPerseus Soros Bio PharmPfi ngsten Fund IPharos Capital Fund IPharos Capital Fund IIPharos Capital Partners IIIPhiladelphia Ventures IIPhildrew Ventures Fifth FundPhildrew Ventures Fourth FundPhildrew Ventures FundPhildrew Ventures Third FundPhillips and Drew Development Capital FundPhillips Edison Shopping Center Fund III Preferred APhillips Edison Shopping Center Fund IVPhillips Edison Shopping Center Fund IV PreferredPhillips Edison Strategic Investment Fund IPhillips Edison Strategic Investment Fund IIPhillips-Smith Specialty Retail Group IIIPhoenix Equity Partners IIIPhoenix PartnersPhoenix Partners IIPhoenix Partners IIIPine Brook Road Partners IPine Brook Road Partners IIPine Street Capital PartnersPine Street Capital Partners IIPineBridge Asian Infrastructure Partners IIPineBridge Global Emerging Markets FundPineBridge Global Emerging Markets Fund II PineBridge Latin America PartnersPineBridge Latin America Partners II PineBridge Private Equity Portfolio IPineBridge Private Equity Portfolio IIPineBridge Private Equity Portfolio IIIPineBridge Private Equity Portfolio IVPineBridge Private Equity Portfolio VPinebridge Secondary Partners IPinebridge Secondary Partners IIPineBridge Structured Capital Partners IPineBridge Structured Capital Partners IIPinnacle Equity Fund IPinnacle Equity Fund IIPinnacle Venture Debt IPinnacle Venture Debt IIPinnacle Venture Debt IIIPioneer Ventures AssociatesPitango Venture Capital Fund IIIPitango Venture Capital Fund IVPittsburgh Seed FundPittsford Ventures IPittsford Ventures IIPittsford Ventures IIIPittsford Ventures IVaPittsford Ventures IVb (Helvetia)Pittsford Ventures IVc (Maple Leaf)PJSC-JOSS Real Estate Partners IPlatinum Equity Capital Partners Fund IIPlatinum Equity Capital Partners Fund IIIPlexus Capital IPlexus Capital IIPMI Mezzanine FundPohjola Real Estate Debt and SecondariesPohjola Real Estate Fund of Funds IIPolaris IIPolaris IIIPolaris Venture PartnersPolaris Venture Partners IIPolaris Venture Partners IIIPolaris Venture Partners IVPolaris Venture Partners VPolaris Venture Partners VIPolish Enterprise FundPolish Enterprise Fund IVPolish Enterprise Fund VPolish Enterprise Fund VIPolish Enterprise Fund VIIPolish Private Equity Fund I & IIPolish-American Enterprise FundPomona Capital IPomona Capital IIPomona Capital VIPortfolio Advisors Private Equity Fund IPortfolio Advisors Private Equity Fund IIPortfolio Advisors Private Equity Fund IIIPortfolio Advisors Private Equity Fund IVPortfolio Advisors Private Equity Fund V

Portfolio Advisors Private Equity Fund VIPortfolio Advisors Private Equity Fund VIIPortobello Capital Fund IPortobello Capital Fund IIPractica Seed Capital FundPractica Venture Capital FundPradera Central & Eastern FundPradera European Retail FundPradera European Retail Fund 2Pragma CapitalPragma Capital IIPREI Mezzanine FundPrelude Technology Fund IIPrimary Capital IPrimary Capital IIPrimary Capital IIIPrimasia Ant Bridge No.1 Greater China Secondary FundPrime Enterprises IIPrime Real Estate Equities I & IIPrime Technology Ventures IPrime Technology Ventures IIPrime Technology Ventures IIIPrime Technology Ventures IVPrime Ventures IIPrime VIIIPrimus Capital Fund IPrimus Capital Fund IIPrimus Capital Fund IIIPrimus Capital Fund VIPrimus Capital Fund VIIPrince Venture Partners IIPrince Venture Partners IIIPrism Mezzanine FundPrism Venture Partners IPrism Venture Partners IIPrism Venture Partners IIIPrism Venture Partners IVPrivate Advisors Co-Investment FundPrivate Advisors Co-Investment Fund IIPrivate Advisors Private Equity FundPrivate Advisors Small Company Buyout FundPrivate Advisors Small Company Buyout Fund IIPrivate Advisors Small Company Buyout Fund IIIPrivate Advisors Small Company Buyout Fund IVPrivate Equity Investment FundPrivate Equity Investment Fund IIPrivate Equity Investment Fund VPrivate Equity New Markets IPrivate Equity New Markets IIPrivate Equity New Markets IIIPrivate Equity NordamerikaPrivate Equity Partners (NJ)Private Equity Partners (NJ) IIPrivate Equity Partners 1999Private Equity Partners 2000Private Equity Partners 2002Private Equity Partners 2004Private Equity Partners 2005Private Equity Partners IIIPrivate Equity Partners IXPrivate Equity Partners XPrivate Equity Partners XIPrivate Equity Welt IPrivate Equity Welt IIPrivate Equity Welt IIIPrivate Equity Welt IVPrivate Equity Welt IXPrivate Equity Welt VPrivate Equity Welt VIPrivate Equity Welt VIIPrivate Equity Welt VIIIPrivate Equity Welt XPRIVEQ IPRIVEQ IIIProA Capital Iberian Buyout Fund IProcuritas Capital Investors IIProcuritas Capital Investors IIIProcuritas Capital Investors IVProcuritas Capital Investors VProcuritas MBO InvestProductivity Fund IProgress-Lovell Minnick VenturesProgressio Investimenti IProgressio Investimenti IIProject Finance Fund IIIPromotion Equity IProperty Development Portfolio No.1Property Development Portfolio No.2Property Development Portfolio No.3Prospect Poland FundProsperitas III IndustrialProvender Opportunities Fund IIProvidence Debt Opportunity Fund IIIProvidence Equity Partners VProvidence Equity Partners VIProvidence Equity Partners VIIProvidence Media PartnersProvidence TMT Special Situations Fund

Providence TMT Special Situations Fund IIPrudential Capital PartnersPrudential Capital Partners IIPrudential Capital Partners IIIPrudential Capital Partners IVPrudential Private Equity IIIPrudential Senior Housing Partners IPrudential Senior Housing Partners IIIPrudential Senior Housing Partners IVPrudential Strategic Value InvestorsPrudential U.S. Real Estate Debt FundPrudential Venture PartnersPrudential Venture Partners IIPrutimber Fund OnePrutimber Fund ThreePrutimber Fund TwoPS Fund I – Baitak Asia Real Estate FundPS Fund II - Asia Real Estate Income FundPS Fund III - Asia Real Estate Prime Development FundPsilos Capital IIIPTV Sciences AnnexPTV Sciences IPTV Sciences IIPTV Sciences IIIPublic Pension Fund IIIPuma Property FundPyramid Hotel Opportunity Fund IIPyramid Hotel Opportunity VentureQ-BLK Private Capital IQ-BLK Private Capital IIQ-BLK Private Capital IIIQAT ARKIV NVQAT I InvestmentsQAT II InvestmentsQAT IIIQuad Partners IIIQuad-C Partners VIIIQuadrangle Capital PartnersQuadrangle Capital Partners IIQuadrant Capital Fund IQuadrant Capital Fund IIQuadrant Capital Fund IIIQuadrant Private Equity No 1Quadrant Private Equity No. 3Quadrant Private Equity No.2Quaker BioVentures IIQuantum Energy PartnersQuantum Energy Partners IIQuantum Energy Partners IIIQuantum Energy Partners IVQuantum Energy Partners VQuartus Capital Partners IQuestor Partners FundQuinlan Private European Strategic Real EstateQuintana Capital IRam Realty Partners IIIRAR/CREL Investment Fund IRAR/CREL Investment Fund IIRasmala Buyout FundRCG LongviewRCG Longview Debt Fund IVRCG Longview Debt Fund VRCG Longview Equity FundRCG Longview IIRCP DirectRCP Fund IRCP Fund IIRCP Fund IIIRCP Fund IVRCP Fund V RCP Fund VIRCP Fund VIIRCP Fund VIIIRCP Secondary Opportunity FundReal Estate Capital Asia PartnersReal Estate Capital Asia Partners IIIReal Estate Fund Finland IRecap Apartment Communities IRecap Apartment Communities IIRecap Investments IRecap Investments IIRecap Investments IIIRecap Investments IVRecap Investments VRecap Investments VIRecap Metropolitan Opportunity FundRecap Offi ce DevelopmentsRecap Rocky Mountain Opportunity Fund IRed River Direct Investment FundRed River VenturesRedpoint Ventures IIRedwood/Kairos Value Fund IIIRelated Real Estate Recovery FundRelativity FundReliant Equity PartnersRembrandt Venture PartnersRenaissance Technologies 2

Renaissance Technologies 3Renovus Capital Partners FundReservoir Capital Investment Partners 2008Residential Income and Value Added Fund Resource Capital Fund IResource Capital Fund IIResource Capital Fund IIIResource Capital Fund IVResource Capital Fund VResource Capital Fund VIRestart Partners IIIRetail InitiativeRFE Capital PartnersRFE Investment Partners IIRFE Investment Partners IIIRFE Investment Partners VRFE Investment Partners VIRFG Private Equity 1RHO Canada Ventures IRHO Canada Ventures IIRHO Ventures IRHO Ventures IIRHO Ventures IIIRHO Ventures IVRHO Ventures VRHO Ventures VIRice Mezzanine LendersRice Partners IIRichland Ventures IRidgemont Equity Partners Fund IRidgemont Partners Secondary Fund IRIMCO Partners IVRipplewood PartnersRipplewood Partners IIRiverside Asia Fund IRiverside Central Europe FundRiverside Europe Fund IIIRiverside Europe Fund IVRiverside Micro-Cap Fund IRiverside Micro-Cap Fund IIRiverside Partners IVRiverstone Global Energy and Power Fund VRiverstone/Carlyle Global Energy and Power Fund IVRiverstone/Carlyle Renewable and Alternative Energy Fund IIRiverVest Venture Partners IIRiverwood Capital IRizvi Opportunistic Equity FundRizvi Opportunistic Equity Fund IIRJD Private Equity Fund IIRLH Investors IRLH Investors IIRLH Investors IIIRLJ Urban Lodging FundRMS Forest Growth Fund IIIRoark Capital Partners IIIRobeco Clean Tech Private Equity IIRobeco Clean Tech Private Equity II (US Funds)Robeco European Private Equity IRobeco European Private Equity IIRobeco European Private Equity IIIRobeco Global Private Equity IRobeco Global Private Equity IIRobeco Global Private Equity IIIRobeco Responsible Private Equity IIRobeco SAM Clean Tech Private Equity IIIRobeco Sustainable Private EquityRockBridge Hospitality Fund IRockBridge Hospitality Fund IIRockBridge Hospitality Fund IIIRockBridge Hospitality Fund IVRockBridge Hospitality Fund VRockpoint Finance Fund IRockpoint Real Estate Fund IRockpoint Real Estate Fund IIRockpoint Real Estate Fund IIIRockpoint Real Estate Fund IVRockpoint Special FundRockport Capital Partners IIIRockwood Capital Real Estate Partners Fund IVRockwood Capital Real Estate Partners Fund VIIRockwood Capital Real Estate Partners Fund VIIIRockwood Capital Real Estate Partners IXRosewood Capital IVRossrock 2005 FundRossrock Fund IIRoyal London Private Equity FundRREEF Global Opportunities Fund IIRREEF I.M.A. (SDCERS)RREEF UK Property Ventures Fund No. 1RREEF UK Property Ventures Fund No. 3RRJ Capital Master Fund IIRRZ PA Fund IRS & Co. Venture Partners IV



RSTW Partners IIIRubenstein Properties Fund IIRussia Partners IIRussia Partners IIIRussia Partners Technology FundRust VenturesRustic Canyon/Fontis PartnersRWBCO ‘89Sacramento Private Equity PartnersSAIF Partners IVSAIL Sustainable Louisiana I&IISail Venture Partners IISalix Ventures ISamara Capital Fund ISan Diego Equities REITSanderling IVSanderling IV Co-InvestmentSanderling Venture Partners VISanderling Venture V Co InvestmentSanderling Venture VI Co InvestmentSankaty Credit Opportunities Fund IISankaty Credit Opportunities Fund IIISankaty Credit Opportunities Fund IVSankaty Credit Opportunities ISankaty Middle Market Opportunities Fund ISapphire Special Opportunities FundSaratoga Partners IISares Regis Multifamily FundSaugatuck Capital IISaugatuck Capital IIISavanna Real Estate Fund ISaybrook Corporate Opportunity Fund ISB Asia Investment Fund IISB Asia Investment Fund IIISC-IL&FS Asia Infrastructure Growth FundScale Venture Partners IIScale Venture Partners IIIScale Venture Partners IVSchroder UK Venture FundSchroder UK Venture Fund IIScope Growth IIScope Growth IIIScope Venture Capital IScout Fund ISCP Private Equity ISCP Private Equity IISeaport Capital Partners IISeaport Capital Partners IIISeaport Capital Partners IVSeavest Properties Fund ISeavest Properties Fund IISeavest Properties Fund IIISecond Causeway Development Capital FundSecond City Capital Partners Fund IISecond Eko Fund Secured Capital Japan Real Estate Partners AsiaSecured Capital Japan Real Estate Partners ISecured Capital Japan Real Estate Partners IVSecured Capital Japan Residential Fund ISecurity Capital European RealtySegulah ISegulah IISegulah IIISegulah IVSelene Residential Mortgage Opportunity FundSelene Residential Mortgage Opportunity Fund IISelvaag Venture CapitalSemperian PPP Investment PartnersSentica Buyout IIISentica Buyout IVSentica Kasvurahasto IISentica Terveysteknologia ISentinel Capital Partners IVSentinel Multifamily Value-Added Fund ISentinel Realty Partners IISentinel Realty Partners IVSentinel Realty Partners VSentinel Realty Partners VISention KasvurahastoSEP IVSequel Limited Partnership IISequel Limited Partnership IIISequoia Capital IVService Equity PartnersServisen Private Equity Fund IServisen Private Equity Fund IISevin Rosen Fund ISevin Rosen Fund IISevin Rosen Fund IIISevin Rosen Fund IVSevin Rosen Fund VSevin Rosen Fund VIIISG Hambros Private Equity Fund VShasta Ventures FundShawmut Equity PartnersSheridan Production Partners

Sheridan Production Partners IISherry Lane PartnersShorenstein Investment PartnersShorenstein Realty InvestorsShorenstein Realty Investors EightShorenstein Realty Investors FourShorenstein Realty Investors NineShorenstein Realty Investors SevenShorenstein Realty Investors TenShorenstein Realty Investors ThreeShorenstein Realty Investors TwoShort Vincent Partners IIShort Vincent Partners IIISiam Investment Fund IISierra FundSierra Ventures IIISierra Ventures IVSierra Ventures VSierra Ventures VIIISightline Healthcare ISiguler Guff BRIC Opportunities FundSiguler Guff BRIC Opportunities Fund IISiguler Guff BRIC Opportunities Fund IIISiguler Guff Distressed Opportunities FundSiguler Guff Distressed Opportunities Fund IISiguler Guff Distressed Opportunities Fund IIISiguler Guff Distressed Opportunities Fund IVSiguler Guff Distressed Real Estate Opportunities FundSiguler Guff Small Buyout Opportunities FundSiguler Guff Small Buyout Opportunities Fund IISilver Lake PartnersSilver Lake Partners IISilver Lake Partners IIISilver Lake Partners IVSilver Lake Sumeru Silverpeak Legacy Partners ISilverpeak Legacy Partners IISilverpeak Legacy Partners IIISinergia con ImprenditoriSK Capital Partners IIISKM Equity Fund IIISkyline IIISmac Partners Fund IIISMID International FundSmith OffshoreSnow Phipps Fund IISofi nnova Venture Partners VIISofi nnova Venture Partners VIIISoftbank China Venture Capital Fund IIISolera Capital ISorenson CapitalSouth America Growth FundSouth Atlantic Venture Fund IISouth East Asian Strategic Assets FundSouth Eastern Europe FundSouth Lake ArthurSoutheast Europe Equity Fund IISoutheast Interactive Technology Fund ISoutheast Interactive Technology Fund IISoutheastern Technology Fund ISoutheastern Technology Fund IISouthern Capital Fund IIISouthern Cross Latin America Fund IISouthern Cross Latin America Fund IIISouthern Cross Latin America Fund IVSouthern Cross Latin America Private Equity FundSouthgate PartnersSouthvest Fund VSouthvest Fund VISovereign Capital Venture IISpark Capital IVSpectrum Equity InvestorsSpectrum Equity Investors IISpectrum Equity Investors IVSpectrum Equity Investors VSpectrum Equity Investors VISpectrum FundSPEF e-FundSPEF Pre-IPO European Fund Sports Capital PartnersSports Venture Partners ISports Venture Partners IISpring Capital Partners ISpring Capital Partners IISpring Capital Partners IIISprout Capital IXSprout Capital VISprout Capital VIISprout Capital VIII

Sprout Growth IISPTec fundSpur VenturesSpur Ventures IISpur Ventures IIISquadron Asia Pacifi c FundSquadron Asia Pacifi c Fund IISquadron Emerging Asia FundSquare 1 Venture 1Square Mile Partners IISquare Mile Partners IIISquare Mile Partners IVSRI Six Operating CompanySSB EnergivekstSSGA/Tuckerman Group Property Redevelopment & Renovation FundSSR Apartment Value Fund ISt Cloud Capital Partners IIStafford International Timberland Fund IVStafford International Timberland Fund VStafford International Timberland Fund VISTAG Investments I (SCP Green)Stam REI IStam REI IIIStarVest Partners IIStarwood Capital Global Hospitality Fund IIStarwood Debt Fund IIStarwood Distressed Opportunity Fund IXStarwood Energy Infrastructure Fund Starwood Global Opportunity Fund VIStarwood Global Opportunity Fund VIIStarwood Global Opportunity Fund VIIIStarwood Hospitality Fund IStarwood Opportunity Fund IVStarwood Opportunity Fund VStepStone Atlantic FundStepStone Atlantic Fund - InfrastructureSterling American Property VSterling Capital Partners IIISterling Capital Partners IVSterling Group Partners ISterling Group Partners IISterling Group Partners IIISTIC Private Equity Fund IStockbridge Value Fund IStoltz Real Estate Fund IStoltz Real Estate Fund IIStoltz Real Estate Fund IIIStonehenge Mezzanine OpportunitiesStonehenge Opportunity FundStonehenge Opportunity Fund IIStonington Capital Appreciation 1994Storebrand Emerging Private Equity Markets 2006Storebrand Emerging Private Equity Markets 2007Storebrand International Private Equity IStorebrand International Private Equity IIStorebrand International Private Equity IIIStorebrand International Private Equity IVStorebrand International Private Equity IXStorebrand International Private Equity VStorebrand International Private Equity VIStorebrand International Private Equity VIIStorebrand International Private Equity VIIIStorebrand International Private Equity XStorebrand International Private Equity XIStorebrand International Private Equity XIIStorebrand International Private Equity XIIIStorebrand Norwegian Private Equity 2006Storebrand Norwegian Private Equity 2007Storm Ventures Fund IStorm Ventures Fund IIStorm Ventures Fund IIIStrategic Partners Value Enhancement FundStrategic Performance Fund IStrategic Value Special Situations FundStrategic Value Special Situations Fund IIStratus Cleantech

Stratus Growth Capital StrukturfondenSummer Street Capital IISummer Street Capital IIISummit Accelerator FundSummit Partners Europe Private EquitySummit Partners Growth Equity Fund VIIISummit Partners Private Equity Fund VIISummit Partners Subordinated Debt Fund IV Summit Partners Venture Capital Fund IISummit Partners Venture Capital Fund IIISummit Subordinated Debt FundSummit Subordinated Debt Fund IISummit Subordinated Debt Fund IIISummit V Companion FundSummit VenturesSummit Ventures IISummit Ventures IIISummit Ventures IVSummit Ventures VSummit Ventures VISun Capital PartnersSun Capital Partners IISun Capital Partners IIISun Capital Partners VSunBridge Fund ISunBridge Fund IISunBridge Partners Technology Fund III Sunrise Capital PartnersSunwestern Venture IIISuomi Välirahoitusrahasto ISupermarkets HoldingSustainable Woodlands Fund IISV Life Sciences Fund ISV Life Sciences Fund IISV Life Sciences Fund IIISV Life Sciences Fund IVSV Life Sciences Fund VSVB India Capital Partners ISVB Strategic Investors Fund VSVB Strategic Investors Fund VISveafastigheter Fund I Sveafastigheter Fund IISveafastigheter Fund IIISVP RE ISW Pelham Fund IISW Pelham Fund IIISwedestart IISwedestart Life ScienceSymmetric PartnersSymphony Technology Group IIISyndicated Communications Ventures IISyndicated Communications Ventures VSyntegra Capital Fund ISyntegra Capital Fund IISyntegra Capital Fund IIIT3 Partners IITA / Advent VIIITA IXTA Realty Associates ITA Realty Associates IITA Realty Associates IIITA Realty Associates IVTA Realty Associates IXTA Realty Associates VTA Realty Associates VITA Realty Associates VIIITA Realty Associates XTA Subordinated DebtTA Subordinated Debt IITA Subordinated Debt IIITA XTA XITailwind Capital PartnersTallwood IITarget Partners Fund ITarget Partners Fund IITBF RomaniaTCW / Crescent MezzanineTCW / Crescent Mezzanine IITCW / Crescent Mezzanine IIITCW / Crescent Mezzanine IVTCW / Crescent Mezzanine VTCW / Latin America Private EquityTCW Commingled Debt & Royalty Fund IVTCW Commingled Debt & Royalty IIITCW Debt & Royalty Funds VITCW Land Fund ITCW Realty Fund VITCW Shared Opportunities Fund IIITCW Special Credits Fund ITCW Special Credits Fund IIbTCW Special Credits Fund IIITCW Special Credits Fund IIIbTCW Special Credits Fund IVTCW Special Credits Plus FundTCW Special Credits Trust VI

TCW Special Credits V - Principal FundTCW Special Placement IITCW Special Placement IIITDR CapitalTDR Capital IITech Ventures ITech Ventures IITech Ventures IIITechnocomTechnocom 2Technologies for Information & Entertainment IIITechnology Crossover VenturesTechnology Crossover Ventures IITechnology Crossover Ventures IIITechnology Crossover Ventures IVTechnology Crossover Ventures VTechnology Crossover Ventures VITechnology Crossover Ventures VIITechnology Partners Fund VITechnology Partners West Fund IVTelecom Partners IITelecom Partners IIITelesoft Partners ITempleton Strategic Emerging Market FundTempleton Strategic Emerging Market Fund IITempleton Strategic Emerging Market Fund IIITenaska Power FundTenaska Power Fund IITenaya Capital VITenex Capital PartnersTerra Firma Capital Partners ITerra Firma Capital Partners IIITerra Firma Deutsche AnningtonTerra Firma Special Opportunities Fund ITerra Venture Partners Texas Growth Fund - 1991 TrustTexas Growth Fund - 1995 TrustTexas Growth Fund II - 1998 TrustTexas Pacifi c Group PartnersThackeray Partners Realty FundThackeray Partners Realty Fund IIIThackeray Realty Partners Fund II Thailand Equity FundThayer Hotel Investors IIThayer Hotel Investors IIIThe Argentina Private Equity Fund IThe Argentina Private Equity Fund IIThe Asian Infrastructure FundThe Aurora FundThe Column GroupThe Markaz / Hamilton Lane Technology FundThe Resolute FundThe Resolute Fund IIThe Second Brown Shipley FundThe Third Brown Shipley FundThird Causeway Development CapitalThird Rock Ventures Third Rock Ventures IIThoma Bravo Fund IXThoma Bravo Fund XThoma Bravo Special Opportunities Fund IThoma Cressey Fund VIThoma Cressey Fund VIIThoma Cressey Fund VIIIThomas H Lee IIThomas H Lee IIIThomas H Lee IVThomas H Lee VThomas H Lee VIThomas McNerney & Partners IIThompson Street Capital Partners IIThompson Street Capital Partners IIIThor Urban Property Fund IIThree Arch CapitalThree Arch Partners IIThree Arch Partners IIIThree Arch Partners IVTiconderoga e-Services Fund IITiconderoga KITiconderoga SBICTimberVest Crossover Partners ITimberVest Crossover Partners IITimberVest Crossover Partners IIITimbervest PartnersTimberVest Partners IITimberVest Partners IIITishman Speyer Real Estate Venture VIITL VenturesTL Ventures IITL Ventures IIITL Ventures IVTL Ventures VTMT VenturesTokumei-Kumiai AF2Top Tier Investments IITop Tier Investments IIITop Tier Investments IV



Top Tier Special Opportunities FundTorchlight Debt Opportunity Fund ITorchlight Debt Opportunity Fund IITorchlight Debt Opportunity Fund IIITower Square Capital PartnersTower Square Capital Partners IITower Square Capital Partners IIITowerBrook InvestorsTowerBrook Investors IITowerBrook Investors IIITownSquare Real Estate Alpha FundTPG Alternative & Renewable Technologies PartnersTPG Asia VTPG Asia VITPG Biotechnology Partners IIITPG Financial PartnersTPG Growth IITPG Opportunities Partners IITPG Partners IITPG Partners IIITPG Partners IVTPG Partners VTPG Partners VITPG StarTPG VenturesTPG/NJ PartnershipTransatlantic Capital Bio-Sciences FundTransEuropean Property ITranswestern Offi ce Partners ITranswestern Offi ce Partners IITremont Fund ATremont Fund BTremont Fund CTri Continental Capital VIIITri Continental FundTri Continental Fund IITri Continental Fund IIITri Continental Fund IVTri Continental Fund VTri Continental Fund VITri Continental Fund VIITri-State Growth Capital Fund ITri-State Growth Capital Fund IITriad Ventures IITriathlon Medical VenturesTricon IXTricon XTricon XITricon XIITrident Capital Fund VTrident Capital Fund VIITrident Fund VTrident Private Equity Fund ITrident Private Equity Fund IITriGate Property PartnersTrilantic Capital Partners IV EuropeTrilantic Capital Partners V North AmericaTrindadeTrinity Ventures VIIITritech PartnersTriton Fund IIITriton Fund IVTriumph CaliforniaTriumph Capital Investors IITriumph ConnecticutTriumph Investment Fund IITrivest Fund IITrueBridge FLSBA Special PurposeTrueBridge-Kauffman Fellows Endowment Fund IITrueBridge-Kauffman Fellows Endowment Fund IIITrumpet InvestorsTrustbridge Partners IVTSG Capital Fund IITSG Capital Fund IIITTV Capital ITTV Capital IITTV Capital IIITucker Anthony Private Equity FundTucker Anthony Private Equity Fund IITucker Anthony Private Equity Fund IIITucker Anthony Private Equity Fund IVTucker Anthony Private Equity Technology FundTucker Development and Acquisition FundTuckerman Multi-Family Development Fund IIITullis-Dickerson Capital Focus IITullis-Dickerson Capital Focus IIITurkish Private Equity Fund IITVI - 2TVI - 3TVI - 4TVM Healthcare MENA 1 FundTVM ITVM IITVM III (German Fund)TVM III (US Fund)TVM IV

TVM Life Science Venture VITVM Life Science Ventures VIITVM Medical VenturesTVM V Information TechnologyTVM V Life ScienceTwin Haven Special Opportunities Fund II, L.P.Twin Haven Special Opportunities Fund III L.P.Twin Haven Special Opportunities Fund IV L.P.UBS International Infrastructure Fund IUK High Technology Fund No.1Unicapital Investments IUnicapital Investments IIUnicapital Investments IIIUnicapital Investments IV EuropeUnicapital Investments IV GlobalUnicapital Investments V EuropeUnicapital Investments V GlobalUnigestion - Ethos Environmental Sustainability Fund of FundsUnigestion Secondary Opportunity Fund IIUnion Square Ventures IIUnion Square Ventures Opportunity FundUnitas Opportunity Fund IIIUnited States Power FundUnited States Power Fund IIUnited States Power Fund IIIUnited States Power Fund IVUnited Utilities Venture FundUnitus Equity FundUniversity Venture FundUOB Portfolio Advisors Asia Select FundUOB Portfolio Advisors Asia Select Fund IIUpdata Partners IIIUpdata Partners IV Updata Venture Partners IIUpfront IUpfront IIUpfront IIIUpfront IV UrbanAmerica IUrdang Value-Added FundUrdang Value-Added Fund IIUS Equity Partners IUS Industrial REITUS Venture Partners IIUS Venture Partners IVUS Venture Partners VUS Venture Partners VIUS Venture Partners VIIUS Venture Partners VIIIUSIT IUSIT IIUSRG Power and Biofuels Fund IIUSRG Power and Biofuels Fund IIIV4C Eastern Europe IIVaaka Partners Buyout IVaaka Partners Buyout IIValhalla Partners IIValley Ventures IIValley Ventures IIIValor Equity Partners Fund IValor Equity Partners Fund IIValue Enhancement Fund IIIVantage Capital MezzanineVantage Capital Mezzanine IIVantage Capital Technology FundVantagePoint Cleantech Partners VantagePoint CleanTech Partners IIVantagePoint Venture Partners IIIVantagePoint Venture Partners IVVantagePoint Venture Partners VVarde Fund XVarde Fund XIVarde Select FundVCFA Venture PartnersVCGA IVCGA IIVCGA IIIVector Capital IIVector Fund IVVedanta Opportunities Fund Ventech Capital FVentech Capital IVentech Capital IIVentech Capital IIIVentech PartnersVenture Capital Fund of New England IIVenture Capital Fund of New England IIIVenture Investment AssociatesVenture Investors of WisconsinVenture Lending & Leasing IIIVentures West 7Verdane Capital IVVerdane Capital VVerdane Capital VIVerdane Capital VIIVerge I

Veritas Capital FundVeritas Capital Fund IIVersa Capital Fund IVersa Capital Fund IIVestar Capital Partners IVestar Capital Partners IIVestar Capital Partners IIIVestar Capital Partners IVVestar Capital Partners VVestar Capital Partners VIVestor PartnersVicente Capital PartnersVictoria South American Partners IVictoria South American Partners IIVietnam Equity FundVillage Ventures IIVinci Capital Partners IIVine Film Finance Fund IVintage Fund IVintage Fund IVVintage Fund VVintage Ventures IIIVirgin Green FundVision Capital Partners VIVision Capital Partners VIIVision Knight Capital (China) Fund IVision Offi cesVista Equity Fund IIVista Equity Fund IIIVista Equity Partners Fund IVVista Foundation Fund IVista Group IIIVornado Capital PartnersVS&A Communications PartnersvSpring Capital Fund IIvSpring Capital Fund IIIW Capital PartnersW Capital Partners IIW Capital Partners IIIWalden Venture Capital VIWalden Venture Capital VIIWalnut Growth PartnersWalnut Venture FundWalton Street Real Estate Fund IIIWalton Street Real Estate Fund IVWalton Street Real Estate Fund VWalton Street Real Estate Fund VIWalton Street Real Estate Fund VIIWanaka Capital Partners Mid-Tech Opportunity FundWand Secondary InterestsWand/Acordia InvestmentsWarburg Pincus AssociatesWarburg Pincus Capital CompanyWarburg Pincus Capital PartnersWarburg Pincus Equity PartnersWarburg Pincus International PartnersWarburg Pincus InvestorsWarburg Pincus Private Equity IXWarburg Pincus Private Equity VIIIWarburg Pincus Private Equity XWarburg Pincus Private Equity XIWarburg Pincus Real Estate IWarburg Pincus VenturesWarburg Pincus Ventures InternationalWardman ParkWasatch New Mexico FundWasatch Venture CorpWasatch Venture Fund IIIWashington & Congress Capital PartnersWashington EquitiesWater Street Healthcare Partners IIIWaterland Private Equity Fund IWaterland Private Equity Fund IIWaterland Private Equity Fund IIIWaterland Private Equity Fund IVWaterland Private Equity Fund VWaterton Precious Metals Fund IIWaterton Residential Property Fund IWaterton Residential Property Fund IIWaterton Residential Property Fund IIIWaterton Residential Property Fund IVWaterton Residential Property Fund IXWaterton Residential Property Fund VIWaterton Residential Property Fund VIIWaterton Residential Property Fund VIIIWaterton Residential Property Fund XWaud Capital Partners IIIWayzata Investment Partners IWayzata Investment Partners IIIWC Quebec Co-InvestWCP Real Estate Fund IWCP Real Estate Fund IIWCP Real Estate Fund II(B)WCP Real Estate Fund IIIWeathergage Venture Capital

Weathergage Venture Capital AWeathergage Venture Capital BWeathergage Venture Capital IIWeinberg Real Estate Partners #1Wellington Financial IWellington Financial IIWellington Financial IIIWellington Financial IVWellspring Capital Partners IIWellspring Capital Partners IIIWellspring Capital Partners IVWelsh Carson Anderson & Stowe CPWelsh Carson Anderson & Stowe CP IIIWelsh Carson Anderson & Stowe CP IVWelsh Carson Anderson & Stowe IWelsh Carson Anderson & Stowe IIWelsh Carson Anderson & Stowe IIIWelsh Carson Anderson & Stowe IV Welsh Carson Anderson & Stowe IXWelsh Carson Anderson & Stowe VWelsh Carson Anderson & Stowe VIWelsh Carson Anderson & Stowe VIIWelsh Carson Anderson & Stowe VIIIWelsh Carson Anderson & Stowe XWelsh Carson Anderson & Stowe XIWestbrook Real Estate Fund IXWestbrook Real Estate Fund VWestbrook Real Estate Fund VIWestbrook Real Estate Fund VIIWestbrook Real Estate Fund VIIIWestern National Realty Fund IIWeston Presidio IIWeston Presidio IIIWeston Presidio IVWeston Presidio Offshore CapitalWeston Presidio VWexford Partners IWexford Partners IIWexford Partners IIIWexford Partners IVWexford Partners IXWexford Partners VWexford Partners VIWexford Partners VIIWexford Partners VIIIWexford Partners XWexford Partners XIWheelock Street Real Estate FundWhippoorwill Vega Partners IIIWhite Deer Energy IWhite Deer Energy IIWhitehall Street III & IVWhitehall Street V-S & VI-SWhitman Heffernan & Rhein Fund IIWhitney IWhitney Subordinated Debt FundWhitney VIWhitney VIIWhiz Asia Evolution FundWIIG Communications PartnersWilliam Blair Mezzanine Capital FundWilliam Blair Mezzanine Capital Fund IIWilliam Blair Mezzanine Capital Fund IIIWilliam Blair Venture Partners IIIWilliam E Simon & Sons IIWillis Bond Capital PartnersWillis Stein & PartnersWillis Stein & Partners IIWillis Stein & Partners IIIWinch CapitalWINCH Capital IIWind Point Partners IIWind Point Partners IIIWind Point Partners IVWind Point Partners VWind Point Partners VIWind Point Partners VIIWindjammer Mezzanine & Equity Fund IIWindjammer Senior Equity Fund IIIWindjammer Senior Equity Fund IVWindsor Realty Fund-VIIWindward Capital Partners IIWingate PartnersWingate Partners IIWKB Value PartnersWLR Recovery FundWLR Recovery Fund IIWLR Recovery Fund IIIWLR Recovery Fund IVWLR Recovery Fund VWorldview Technology Partners IIWPG Corporate Development Associates VWPG Enterprise FundWPG Enterprise Fund IIWPG Enterprise Fund IIIWPG Venture Associates IVWPG Venture Associates VWSL PartnersWynnchurch Capital Partners IWynnchurch Capital Partners II

Wynnchurch Capital Partners IIIXenon VXPV Water FundXylem IIYellow&Blue Clean Energy InvestmentsYorktown Energy Partners IIIYucaipa American Alliance Fund IYucaipa American Alliance Fund IIYucaipa American Special SituationsYucaipa Corporate Initiatives Fund IYucaipa Corporate Initiatives Fund IIZ Capital Special Situations Fund IIZell / Chilmark FundZephyr KoreaZero Stage Capital IIZesiger Capital GroupZM CapitalZN Mexico IIZN Mexico Trust

preqin private equity benchmarks

Documents