That fund’s distributions jumped to $101 million in 2013 from $27,892 in 2012. Another 2008 vintage KKR European Fund III LP is also delivering strongly on the distributions front, up to $28.2 million in 2013 from $43,473 in 2012. That fund also celebrated its rise from a negative IRR to a positive 1.9 percent in 2013 from -7.0 percent in 2012. In third place in this scorecard comes Apollo Special Opp. Managed Acct LP which delivered distributions of $408.4 million in 2013, up from $7.1 million in 2012.
Carlyle features three times in this scorecard in fifth, eighth and tenth place with its 2008 vintage Carlyle Asia Partners III LP, the 2007 vintage Carlyle Europe Partners III LP and another 2008 vintage Carlyle Global Financial Services LP.
Looking at the vehicles in terms of biggest difference in distribution by value, Apollo’s 2008 vintage Apollo Credit Opportunities Fund I LP comes out top, jumping some $1.1 billion to $1.7 billion in 2013 from just under $0.6 billion in 2012.
Top buyout performers by IRR for CalPERS to June 2013 were the 2001 vintage T3 Partners II LP, generating an IRR of 95.1 percent, followed by the 2002 vintage WLR Recovery Fund II LP with an IRR of 78.8 percent. In third place is a 1997 vintage European offering – Permira Europe I with a 74.5 percent IRR.
Since inception in 1990 to June 30, 2013, the private equity program has generated $25.4 billion in profits for CalPERS.