← ASF VII L.P.

ASF VII B

ASF VII L.P.VINTAGE 2016

NET IRR

13.1%

TVPI

1.54x

DPI

1.07x

COMMITMENT

$250M

LP SOURCES

2

VALUATION SPREAD1.54x – 1.60x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
CalSTRS	2025-06-30	$250M	$194.3M	13.1%	1.54x	1.07x	SOURCE ↗◆
PA SERS	2024-09-30	$100M	$75.6M	13.9%	1.60x	1.03x	SOURCE ↗◆