LLR Equity Partners V

LLR EquityVINTAGE 2018

NET IRR

19.0%

TVPI

2.32x

DPI

—

COMMITMENT

$200M

LP SOURCES

3

VALUATION SPREAD2.20x – 2.32x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
PA PSERS	2025-09-30	$200M	$195.8M	19.0%	2.32x	—	SOURCE ↗◆
Colorado PERA	2024-12-31	$50M	$49.5M	19.8%	—	0.57x	SOURCE ↗◆
PA SERS	2024-09-30	$75M	$73.6M	20.2%	2.20x	0.57x	SOURCE ↗◆