Mesirow Private Equity
1.
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Mesirow Financial Private Equity Fund VII-B, L.P.
Portfolio Summary as of 6/30/2021
Vintage Year
Total Commitments
Fund Status¹
Capital Drawn to Date
TVPI
Net IRR
2017
$411.0 million
96.3%
2.4x
48.8%
($ in millions) Investment
Realized
Unrealized
13 MESIROW PRIVATE EQUITY
Total
Performance Summary²
Total
Value
$387.0
Top-quartile DPI: Over $387 million of realized proceeds to date
3 dividend recaps: Omni, DCM, Duckhorn
4 full and partial sales: Ellie Mae, IVC, Absorb, PDFTron
4 IPOS: Duckhorn, DoubleVerify, SUSE, Dutch Bros.
$91.1
$327.4
$676.7
Fund Summary³
24 co-investments alongside 12 unique GP sponsors to date; 1 additional co-investment in due diligence
Latest investment in Stamps.com closed in September 2021
$418.5 $1,063.7
Total portfolio investments, including likely funded reserves, is expected to approach 115%-120% of
committed capital
MOIC
4.2x
2.1x
2.5x
absorb
(4.8x)
Early Value Drivers (MOIC)2,3
DUTCH BROS
Mesirow
DUCKHORN
(3.7x)
Ellie Mae
(4.1x)
pathway PDFTRON
(2.2x)
(6.1x)
Industrial
10%
(2.7x)
Howden
(1.9x)
Consumer
14%
Industry Diversification
Healthcare
17%
(1.9x)
Communications
2%
IVC GROUP
internation
Business
Services
25%
DV
DoubleVerify
(2.5x)
Software
31%
(4.8x)
SUSE
(3.2x)
TVPI represents total value to paid-in capital, calculated by dividing the investment's cumulative distributions and unrealized value (net of underlying fees, expenses and carried interest) by the total invested capital. Net IRR is net of underlying fees, expenses and carried interest and
has been calculated using actual LP monthly cash outflows, and includes a terminal value equal to the aggregate value of LP capital accounts.
The total value of unrealized investments was determined by the fund's general partner in accordance with the fund's valuation policies. Actual realized returns on unrealized investments will depend on a number of factors (including future operating results, the value of the assets
and market conditions at the time of disposition, any related transaction costs and the timing and manner of sale) that may differ significantly from the assumptions used in determining the unrealized values. Accordingly, the actual realized returns on these unrealized investments
may differ materially from returns indicated herein. MOIC represents multiple on invested capital, calculated by dividing the investment's cumulative distributions and unrealized value by the total invested capital. Accordingly, it is not reduced by fees incurred by the fund.
Complete portfolio included in this presentation. The above referenced companies have been included to illustrate MPE's investment process and portfolio construction. The inclusion is not designed to convey that such past specific selections would have been successful for any
person. It should not be assumed that this or similar investment opportunity selections made in the future will be successful or will equal the past performance of that described above.
Unaudited returns as of 6/30/2021. Use of the logos and names herein does not represent an endorsement of Mesirow Private Equity's investment strategy by such manager or company. Please see "Notes on Performance Data" section and disclosure page at the end of this presentation
for additional important information. Past performance is not indicative of future results. This fund is closed to new investors. Numbers may not add due to rounding.
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