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LP Scorecard: CalSTRS collects more than $6 billion in distributions in recent 12-month period

The California State Teachers’ Retirement System enjoyed a strong year of distributions in the year ending September 2014, realizing almost $6.1 billion from its private equity portfolio.

On top of the list of funds ranked by distribution percentage–distributions divided by contributed capital–sits Institutional Venture Partners with its twelfth flagship fund (see accompanying table). Institutional Venture Partners XII LP posted a robust 90.8 distribution percentage. After a big gap, Affinity Equity Partners came in second place with Affinity Asia Pacific Fund III LP at 69.3 percent. The Toronto-based Onex Corporation came in third place with its 2006-vintage Onex Partners II LP. Its second primary vehicle clocked in at 66.3 percent.

As far as absolute distributions goes, Blackstone Capital Partners V LP led the way. The Blackstone Group’s 2005-vintage returned $582.6 million to CalSTRS during the 12 months ending in September. Coming in second place was the European firm Permira with its vintage-2006 Fund IV. Permira IV distributed nearly $311.6 million. Coming in third and fourth place are two 2007 vintages. Providence Equity Partners and its sixth main fund returned $205.3 million, while The Carlyle Group’s Europe Partners III LP distributed $203.1 million to the pension.

Overall, CalSTRS’s private equity portfolio has over $41.9 billion in committed capital across 293 active funds.