MHR Institutional

MHR Institutional Partners IV, L.P.

MHR InstitutionalVINTAGE 2014

NET IRR

7.3%

TVPI

1.47x

DPI

0.33x

COMMITMENT

$75M

LP SOURCES

5

VALUATION SPREAD1.41x – 1.47x TVPI across 4 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$75M$84.2M7.3%1.47x0.33xSOURCE ↗
Oregon OPERF2025-09-30$150M$173.7M7.4%1.45x0.35xSOURCE ↗
NC Retirement2025-06-30$150M$128.7M7.4%1.43x0.33xSOURCE ↗
MOSERS2025-06-30SOURCE ↗
NJ DOI2025-04-30$100M$116.9M1.41x0.35xSOURCE ↗