BVP Forge Institutional L.P.

BVP ForgeVINTAGE 2023

NET IRR

—

TVPI

1.27x

DPI

0.00x

COMMITMENT

$35M

LP SOURCES

3

VALUATION SPREAD1.27x – 1.29x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
CalPERS	2025-09-30	$35M	$24.9M	—	1.27x	0.00x	SOURCE ↗◆
CalSTRS	2025-06-30	$20M	$10.2M	17.2%	1.29x	—	SOURCE ↗◆
Illinois TRS	2025-06-30	—	—	—	—	—	SOURCE ↗◆