CPPIB U.S. general partner Q2 2007 performance numbers

Yesterday we published the Q2 results for the ever-diminishing number of Canadian GPs (“CPPIB Canadian general partner Q2 2007 performance numbers“, November 16-07) that can still count the $121.3 billion CPP Investment Board as a limited partner. Here are the U.S. results, as of June 30, 2007.

The figures that follow cover four categories: CPPIB’s commitment, paid-in-capital (which tells you how much of the fund is invested in deals and/or drawn to pay management fees) reported value, and reported value + distributions (which tells you what the notional simple return of the fund is against the paid-in-capital figure). That figure is based in large part on what the manager believes the portfolio is worth as at June 30, 2007, subject to GAAP fair value accounting. The year in the brackets reflects the year that the investment commitment was made by CPPIB. MM equals millions:

Apollo Investment Fund V (2002): $150MM, $123.1MM, $108.3MM, $376.0MM; 205.4% increase

Apollo VI (2005): $400MM, $139.8MM, $16.2MM, $46.6MM; 66.7% decrease

Blackstone Capital Partners IV (2002): $200MM, $144.2MM, $172.4MM, $388.2MM; 169.2% increase

Blackstone Capital Partners V (2005): $406.7MM, $168.4MM, $178.3MM, $198.6MM; 17.9% increase

Carlyle Venture Partners II (2002): $60MM, $60MM, $42.3MM, $64.8MM; 8.0% increase

CSFB Mid Market Opportunity Fund (2003): $140MM, $75.1MM, $67.0MM, $77.7MM; 3.5% increase

CSFB Mid Market Opportunity Fund II (2005): $300MM, $43.2MM, $36.0MM, $37.3MM; 13.7% decrease

Goldman Sachs Vintage Fund IV (2006): $200MM, $20.3MM, $0MM, $1.4MM; 93.1% decrease

Heartland Industrial Partners (2001): $150MM, $140.4MM, $58.0MM, $60.5MM; 56.9% decrease

Hellman & Friedman Capital Partners V (2004): $ 75MM, $62.2MM, $109.8MM, $118.9MM; 91.2% increase

JP Morgan Partners Global Investors (2001): $175MM, $154.9MM, $132.6MM, $214.0MM; 38.2% increase

JP Morgan Partners Global Investors (Selldown) II (2006): $317.4MM, $285.2MM, $272.6MM, $362.6MM; 27.1% increase

KKR Millenium Fund (2002): $300MM, $272.0MM, $319.7MM, $472.1MM; 73.6% increase

Lehman Brothers Venture Partners 2003 (2003): $75MM, $52.9MM, $63.7MM, $64.0MM; 21% increase

MidOcean Partners (2003): $273.1MM, $255.7MM, $76.1MM, $573.5MM; 124.3% increase

Paul Capital Holdings (2002): $81MM, $73.1MM, $38.5MM, $155.2MM; 112.3% increase

Paul Capital Holdings II (2004): $120MM, $101.8MM, $99.5MM, $215.8MM; 112.0% increase

Paul Capital Partners VII (2001): $90MM, $84.3MM, $41.3MM, $138.4MM; 64.2% increase

Paul Capital Partners VIII (2004): $100MM, $63.9MM, $58.9MM, $78.2MM; 22.4% increase

Paul Capital Top Tier II (2002): $96MM, $62.5MM, $54.7MM, $63.4MM; 1.4% increase

Paul Capital Top Tier Investments III (2005): $160MM, $31.6MM, $30.3MM, $31.2MM; 1.3% decrease

Performance Venture Capital (2005): $185MM, $36.9MM, $33.9MM, $40.6MM; 10% increase

Providence Equity Partners VI (2006): $400MM, $56MM, $53.6MM, $53.6MM; 4.3% decrease

Silver Lake Partners II (2004): $100MM, $80.4MM, $92.4MM, $113.2MM; 40.8% increase

Silver Lake Partners III (2006): $500MM; nil, nil, nil

Thomas Weisel Partners GGP II (2003): $50MM, $33.6MM, $36.8MM, $45.3MM; 34.8% increase

TPG Partners (2003): $100MM, $88.5MM, $111.3MM, $158.8MM; 79.4% increase

TPG Partners V (2006): $500MM, $139.2MM, $141.6MM, $141.6MM; 1.7% increase

Welsh, Carson, Anderson & Stowe X (2005): $200MM, $102MM, $102.2MM, $102.2MM; 0.2% increase

MRM