QL LP Tape · Public pension disclosures, fund by fund

What public pensions actually earned — fund by fund, from the LP’s own table.

Large public pensions must disclose their private-fund commitments and returns. CalPERS publishes every active partnership each quarter: capital committed, cash in, cash out, remaining value, net IRR and multiple. This tape reads that table, derives DPI and TVPI from the LP’s own cash flows, pools every disclosed fund of each general partner into a GP scorecard, and ranks funds against their vintage quartiles. Nothing is modeled; a fund the LP does not disclose is not on the tape.

Loading the tape…

Disclosed funds active partnerships · CalPERS

FundVintageCommittedCash inCash outValueDPITVPINet IRRQ
Loading…

DPI = cash out ÷ cash in. TVPI = (cash out + remaining value) ÷ cash in. Q = net-IRR quartile within the fund’s vintage on this tape (1 = top; vintages with fewer than three meaningful funds carry none). “—” = the LP marks the fund not meaningful.

How this is built — and what it cannot tell you

show

Frequently asked questions

What is the QL LP Tape?

Fund-level private-equity returns read from public pension disclosures. CalPERS publishes every active partnership each quarter — fund, vintage, capital committed, cash in, cash out, cash out plus remaining value, net IRR and multiple. The tape carries those figures, derives DPI and TVPI from the LP's own cash flows, groups funds by general partner into scorecards, and computes vintage quartiles.

Is anything on the tape estimated?

No. Net IRR and multiple are the LP's own figures; DPI and TVPI are arithmetic on the LP's disclosed cash flows. Funds the LP marks not meaningful are carried as null and excluded from medians and quartiles.

How is this different from PitchBook fund performance?

It is the public disclosure itself, with the source table linked, free to read, and the derived metrics are reproducible. It covers one LP's active book rather than the whole universe; the limits are stated on the page.