Wellspring Capital

Wellspring Capital Partners VI, L.P.

Wellspring CapitalVINTAGE 2018

NET IRR

11.5%

TVPI

1.46x

DPI

0.76x

COMMITMENT

$125M

LP SOURCES

3

VALUATION SPREAD1.46x – 1.60x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$125M$155.8M11.5%1.46x0.76xSOURCE ↗
WSIB2025-09-30$200M$231.5M12.8%1.60x0.62xSOURCE ↗
Colorado PERA2024-12-31$50M$48.6M16.1%1.39xSOURCE ↗