Mesirow Private Equity
($ in millions)
Core Strategy
Wealthsimple
Applitools
Alvaria
Mavis
Notes on Performance Data
Core Co-Investment Track Record as of 6/30/2021¹
RealPage
Bloomerang
DoubleVerify
Pathway Vet Alliance
DCM Services
Howden Group
IVC Group
PDF Tron
Ellie Mae
Cast & Crew
Millennium Trust
SUSE
Connectivity (fka "NCN")
Dutch Bros.
Power Stop
Asurion
Absorb Holdings Corporation
Omni Eye Services, Inc.
Duckhorn Wine Company
Compuware Corporation
Verafin Inc.
Inmar
Digital Insight, Inc.
Securus Technologies, Inc.
Planet Fitness Holdings, LLC
Mosaic Energy Ltd.
Deltek, Inc.
Zayo Group, LLC
Blue Coat Systems, Inc.
Studer Group, Inc.
GrubHub Seamless, Inc.
Barra Energia do Brasil Petróleo e Gás
Gruppo Coin S.p.A.
SonicWALL, Inc.
Acteon Group Ltd.
1.
2.
3.
4.
Sponsor
Meritech Capital Partners
Thoma Bravo
Abry Partners
TSG Consumer Partners
Thoma Bravo
JMI Equity
Providence Equity Partners
TSG Consumer Partners
NMS Capital
KPS Capital Partners
EQT
Silversmith Capital Partners
Thoma Bravo
EQT
Abry Partners
EQT
M/C Partners
TSG Consumer Partners
TSG Consumer Partners
Providence Equity Partners
Silversmith Capital Partners
NMS Capital
TSG Consumer Partners
Thoma Bravo
Spectrum Equity Investors
Abry Partners
Thoma Bravo
Abry Partners
TSG Consumer Partners
NGP
Thoma Bravo
GTCR, M/C Partners
Thoma Bravo
JMI Equity
Lightspeed, Spectrum
First Reserve, Riverstone
BC Partners
Thoma Bravo
First Reserve
Type
Late-Stage VC
Buyout
Buyout
Buyout
Buyout
Growth Equity
Growth Equity
Buyout
Buyout
Buyout
Buyout
Buyout
Buyout
Buyout
Buyout
Buyout
Growth Equity
Growth Equity
Buyout
Buyout
Growth Equity
Buyout
Buyout
Buyout
Growth Equity
Buyout
Buyout
Buyout
Buyout
Growth Equity
Buyout
Buyout
Buyout
Buyout
Late-Stage VC
Growth Equity
Buyout
Buyout
Buyout
Date of
Investment
May-21
May-21
May-21
May-21
Apr-21
Dec-20
Nov-20
Mar-20
Feb-20
Nov-19
Jul-19
May-19
Apr-19
Apr-19
Mar-19
Mar-19
Feb-19
Nov-18
Oct-18
Aug-18
Aug-17
Jul-17
Feb-17
Dec-14
Jun-14
Jan-14
Jul-13
Apr-13
Dec-12
Nov-12
Oct-12
Jun-12
Feb-12
Sep-11
Sep-11
Jun-11
Jun-11
Jul-10
Jul-10
Investment Realized Proceeds Unrealized Value Total Value²
$8.8
20.5
17.0
58.2
32.1
8.5
8.5
34.0
20.1
30.0
22.6
22.0
30.0
6.2
49.0
16.3
11.0
4.0
10.1
42.6
26.5
16.9
14.7
10.0
6.9
21.0
20.0
18.1
24.0
20.1
25.0
5.0
20.0
10.0
9.0
11.6
17.8
10.0
10.0
$-
ATTITI11101000 1100
7.0
21.8
82.1
122.8
3.8
OFEN
0.7
7474
1.4
1.7
127.4
12.1
6.1
108.7
32.5
67.3
39.3
58.6
183.2
4.9
102.4
20.5
64.8
20.8
39.8
1.9
5.9
35.9
17.4
$8.8
20.5
17.0
58.2
32.0
11.8
20.9
74.9
25.3
56.4
87.0
53.1
9.4
76.6
48.7
10.2
10.2
17.3
70.9
10.6
47.8
ITIGIII|||||0||
26.6
18.3
Mesirow
1.5
$8.8
20.5
17.0
58.2
32.0
11.8
20.9
74.9
32.4
56.4
108.8
135.2
122.8
9.4
76.6
52.5
10.2
11.0
18.7
72.6
127.4
22.7
53.9
108.7
32.5
93.9
39.3
58.6
201.6
4.9
102.4
20.5
64.8
20.8
39.8
3.3
5.9
35.9
17.4
MOIC³
1.0x
1.0x
1.0x
1.0x
1.0x
1.4x
2.5x
2.2x
1.6x
1.9x
4.8x
6.1x
4.1x
1.5x
1.6x
3.2x
0.9x
2.7x
1.9x
1.7x
4.8x
1.3x
3.7x
10.9x
4.7x
4.5x
2.0x
3.2x
8.4x
0.2x
4.1x
4.1x
3.2x
2.1x
4.4x
0.3x
0.3x
3.6x
1.7x
Gross IRR4
-2.9%
0.0%
0.0%
-0.1%
-0.7%
92.3%
367.9%
88.3%
45.3%
49.0%
126.9%
144.4%
167.7%
21.5%
22.0%
71.9%
-3.6%
48.2%
27.2%
21.4%
52.0%
17.4%
37.8%
53.2%
34.2%
45.4%
285.6%
29.5%
86.6%
-27.2%
56.2%
29.0%
53.1%
25.1%
56.0%
-16.5%
-15.0%
97.9%
26.9%
Core Strategy includes all buyout, growth equity and late-stage venture capital co-investments since inception of the strategy in 2001. Discontinued Strategies represents all early-stage venture capital co-investments (5) and lead sponsored buyout investments (1) since the
establishment of the aforementioned strategy.
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 the unrealized 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.
Gross IRR is net of the sponsor's fees, expenses and carried interest, but gross of the fees and other expenses of MFPEA. Performance information that is provided gross of fees does not reflect the deduction of advisory fees. Client returns will be reduced by such fees and other
expenses that may be incurred in the management of the account. Advisory fees are described in Part 2A of Form ADV of MFPEA, Inc.
Unaudited returns as of 6/30/2021. Please see "Notes on Performance Data" section for net performance and an explanation of how Estimated Net performance is constructed and the disclosure page at the end of this presentation for additional important information. Past performance is
not indicative of future results. Numbers may not add due to rounding.
24 | MESIROW PRIVATE EQUITY
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