Torchlight Debt Fund

Torchlight Debt Fund VIII

NET IRR

4.8%

TVPI

1.05x

DPI

0.40x

COMMITMENT

$150M

LP SOURCES

5

VALUATION SPREAD1.00x – 1.05x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$150M$90M4.8%1.05x0.40xSOURCE ↗
Florida SBA2024-06-30$150M$60M0.2%1.00x0.00xSOURCE ↗
Florida SBA2024-03-31$150M$30M-0.7%1.00x0.00xSOURCE ↗
Florida SBA2023-12-31$150M$18.8M0.93x0.00xSOURCE ↗
Florida SBA2023-09-30$150M$18.8M0.93x0.00xSOURCE ↗