Across 2016, Public Employees Retirement Association of Colorado raked in more than $749 million in distributions. Genstar Capital, Blackstone Group and JLL Partners were at the forefront of the windfall.
Genstar’s sixth flagship, a 2012 vintage fund, had the strongest individual 2016 for Colorado, producing $58 million. Blackstone Capital Partners V churned out $37.2 million over the period. JLL closely trailed with its sixth private equity vehicle, generating $36.3 million.
As far as distribution percentage is concerned, (cash out within the year divided by overall cash in) Genstar Capital Partners VI led the way as well. The fund had an 81.5 percent distribution while also boasting the highest internal rate of return on either top five list.
Next up was Columbia Capital Equity Partners IV. The firm’s 2005 vintage turned out a 75.9 distribution percentage. Wellspring Capital Management made an appearance for Colorado as well, generating a 71.8 percent distribution with its fifth primary fund. Overall, the portfolio’s distribution percentage from 2016 is 5.6 percent.
All told, Colorado PERA’s PE portfolio has about $14.7 billion committed to 319 active funds. Those active funds have combined for $13.4 billion drawn down, with $15.6 billion cashed out as of Dec. 31, 2016.
Action Item: Download LP Scorecard table as a spreadsheet: LP Scorecard Table