Milestone Partners IV,

Milestone Partners IV, L.P

NET IRR

8.2%

TVPI

1.42x

DPI

COMMITMENT

$70M

LP SOURCES

2

VALUATION SPREAD1.41x – 1.42x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
PA PSERS2025-09-30$70M$82.4M8.2%1.42xSOURCE ↗
NC Retirement2025-06-30$50M$50M9.2%1.41x1.21xSOURCE ↗