Arsenal Capital Partners

Arsenal Capital Partners V, L.P.

NET IRR

6.9%

TVPI

1.36x

DPI

0.32x

COMMITMENT

$75M

LP SOURCES

3

VALUATION SPREAD1.32x – 1.36x TVPI across 3 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$75M$76.7M6.9%1.36x0.32xSOURCE ↗
CalSTRS2025-06-30$135M$132.4M6.8%1.33x0.31xSOURCE ↗
UC Regents2025-06-30$135M$134.7M6.8%1.32x0.33xSOURCE ↗