Advent International

Advent International GPE VIII-B

NET IRR

15.1%

TVPI

2.06x

DPI

1.49x

COMMITMENT

$100M

LP SOURCES

4

VALUATION SPREAD2.06x – 2.10x TVPI across 4 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$100M$100M15.1%2.06x1.49xSOURCE ↗
CalPERS2025-09-30$500M$500M15.5%2.08x1.47xSOURCE ↗
WSIB2025-09-30$500M$500M15.3%2.10x1.44xSOURCE ↗
PA SERS2024-09-30$50M$50M16.6%2.10x1.20xSOURCE ↗