NGP Natural Resources

NGP Natural Resources XI, L.P.

NET IRR

9.9%

TVPI

1.61x

DPI

1.39x

COMMITMENT

$150M

LP SOURCES

4

VALUATION SPREAD1.60x – 1.61x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$150M$158.5M9.9%1.61x1.39xSOURCE ↗
PA PSERS2025-09-30$100M$104.9M9.7%1.60xSOURCE ↗
Illinois TRS2025-06-30SOURCE ↗
LACERS2025-06-30$25M$25.7M9.3%SOURCE ↗