Avenue Capital Group

Avenue Energy Opportunities Fund II

NET IRR

14.9%

TVPI

2.05x

DPI

1.78x

COMMITMENT

$100M

LP SOURCES

2

VALUATION SPREAD1.93x – 2.05x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$100M$100M14.9%2.05x1.78xSOURCE ↗
PA PSERS2025-09-30$100M$113M15.0%1.93xSOURCE ↗