Partnership Holdings III and Secondary Strategy Overview
Employees' Retirement System of the State of Rhode Island
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As of September 30th 2014, Employees' Retirement System of the State of Rhode Island's $25M
commitment to Industry Ventures has performed as follows:
Fund
Vintage
Year
Industry Ventures Partnership Holdings III, L.P.
Total
Contributed Unfunded
Commitment Capital
2013 $25,000,000
$25,000,000
Capital Account
Capital Distributions
$4,250,000 $20,750,000
$4,250,000 $20,750,000
Value
$0
$4,668,823
$4,668,823
% Called DPI TVPI Net IRR
17.0% 0% 1.10x 37.8%
17.0% 0% 1.10x 37.8%
Industry Ventures Partnership Holdings III, L.P. made its first distribution on October 7th and distributed $412,573.94 to
Rhode Island. The Fund is now 26% called with a current DPI of 6.35%
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Calculations are provided for convenience only and are estimates, they cannot be relied upon. Unaudited as of 9/30/14.
Note: DPI = Distributions/Paid-In Capital and TVPI = Total Value/Paid-In Capital
INDUSTRY VenturesView entire presentation