ASF VII L.P.

ASF VIII B L.P.

ASF VII L.P.VINTAGE 2020

NET IRR

12.6%

TVPI

1.39x

DPI

0.42x

COMMITMENT

$300M

LP SOURCES

16

VALUATION SPREAD1.39x – 1.59x TVPI across 4 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
CalPERS2025-09-30$300M$239.8M12.6%1.39x0.42xSOURCE ↗
CalSTRS2025-06-30$500M$398.8M13.7%1.41x0.39xSOURCE ↗
PA SERS2024-09-30$100M$69.9M16.2%1.40x0.30xSOURCE ↗
Florida SBA2021-12-31$200M$101.7M62.3%1.59x0.27xSOURCE ↗
Florida SBA2021-09-30$200M$77.2M63.1%1.62x0.28xSOURCE ↗
Florida SBA2021-06-30$200M$55.7M60.7%1.65x0.35xSOURCE ↗
Florida SBA2021-03-31$200M$55.7M56.3%1.47x0.27xSOURCE ↗
Florida SBA2020-12-31$200M$55.7M53.7%1.33x0.27xSOURCE ↗
Florida SBA2020-09-30$200M$47.6M32.2%1.16x0.24xSOURCE ↗
Florida SBA2020-06-30$200M$47.6M19.7%1.06x0.24xSOURCE ↗
Florida SBA2020-03-31$200M$47.6M102.2%1.08x0.00xSOURCE ↗
Florida SBA2019-12-31$200M$13.5M1.50x0.01xSOURCE ↗
Florida SBA2019-09-30$200M$0M81.04x0.00xSOURCE ↗
Florida SBA2019-06-30$200M$0M64.59x0.00xSOURCE ↗
Florida SBA2019-03-31$200M$0M34.79x0.00xSOURCE ↗
Florida SBA2018-12-31$200M$0M0.00x0.00xSOURCE ↗