Arsenal Capital Partners

Arsenal Capital Partners IV

NET IRR

16.1%

TVPI

1.88x

DPI

1.35x

COMMITMENT

$83M

LP SOURCES

2

VALUATION SPREAD1.68x – 1.88x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
CalSTRS2025-06-30$83M$84.5M16.1%1.88x1.35xSOURCE ↗
UC Regents2025-06-30$100M$131.4M16.0%1.68x1.27xSOURCE ↗