← First Reserve

First Reserve Fund XII, L.P.

First ReserveVINTAGE 2008

NET IRR

-18.0%

TVPI

0.52x

DPI

0.52x

COMMITMENT

$150M

LP SOURCES

3

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
Minnesota SBI	2025-12-31	$150M	$165.6M	-18.0%	0.52x	0.52x	SOURCE ↗
WSIB	2025-09-30	$400M	$460.9M	-17.9%	0.50x	0.54x	SOURCE ↗
CalSTRS	2025-06-30	$800M	$801M	-16.8%	0.48x	0.48x	SOURCE ↗