Landmark Equity Partners XVII, L.P. Recommendation Repor
Net Performance and Benchmarks
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Hamilton Lane
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($mm)
Fund
Fund XIII
Fund XIII-A
Fund XIV
Fund XV
Fund XVI
Total
Vintage Fund Size % Drawn²
2006
2007
2008
2013
2017
Landmark Equity Advisors, L.L.C.
Prior Investment Performance¹
As of 6/30/21
$1,194
427
1,997
3,282
4,945
12/13/21 | Proprietary and Confidential
95%
37%
96%
80%
44%
DPI
1.3x
1.1x
1.2x
0.8x
0.3x
0.8x
TVPI
1.3x
1.1x
1.4x
1.5x
1.6x
1.4x
Net
IRR
5.4%
4.9%
9.7%
15.2%
41.5%
11.3%
Fundraise Update
First close held on 7/31/20 on $203 million of commitments
Second close held on 12/21/20 on an additional $368 million of commitments
Third close held in June 2021 on an additional $100 million of commitments
Fourth close held in October 2021 on an additional $935 million of commitments
Final close targeted for October 2022
DPI
0.0x
-0.2x
-0.3x
-0.3x
-0.2x
Executive Summary (cont.)
HL Benchmark
Secondaries
As of 6/30/21
Spread vs. Top-Quartile
TVPI
-0.1x
-0.3x
-0.2x
-0.1x
0.1x
Net
IRR
-157 bps
-273 bps
+37 bps
-50 bps
+2064 bps
PME Benchmark
Russell 3000 TR
As of 6/30/21
Spread
vs. PME
-134 bps
+201 bps
-527 bps
+80 bps
+1415 bps
-90 bps
¹ Capital drawn, capital distributed and NAV are calculated from the cash flows of fee-paying limited partners and excludes any cash flows from the General Partner's commitment
2 Percent drawn is calculated from the cash flows of the limited partners
Executive Summary | General Partner | Investment Strategy | Track Record | Appendices
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