WCAS XIV, L.P.

WCASVINTAGE 2022

NET IRR

5.3%

TVPI

1.08x

DPI

0.04x

COMMITMENT

$400M

LP SOURCES

2

VALUATION SPREAD1.04x – 1.08x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
CalPERS	2025-09-30	$400M	$212.5M	5.3%	1.08x	0.04x	SOURCE ↗◆
CalSTRS	2025-06-30	$200M	$86.3M	2.3%	1.04x	—	SOURCE ↗◆