LP Relations Dashboard

Meridian Ventures Fund II (2018 Vintage) • $150M Committed Capital • 47 Limited Partners

LP Commitment Utilization
78.4%
+2.1% QoQ
Capital Call Accuracy
94.2%
+1.3% QoQ
Net IRR (Actual)
18.7%
vs 14.2% benchmark
DPI (Distributed / Paid-In)
1.24x
+0.08x QoQ
TVPI (Total Value / Paid-In)
2.68x
+0.12x QoQ
LP Re-Up Rate
89%
Fund III target: 90%

Capital Calls vs. Distributions Timeline

Waterfall Progress

Return of Capital 100%
Preferred Return (8%) 100%
Catch-Up (80%) 72%
Carried Interest (20%) 34%
Total Distributed to LPs
$145.8M

LP Concentration by Type

Top 3 LP Concentration Risk

University Endowment A 22.0%
$33.0M commitment
Pension Fund B 6.7%
$10.0M commitment
Family Office C 6.0%
$9.0M commitment
Combined Top 3: 34.7% of Fund
Target: maintain below 40% per PPM

LP Account Summary

LP Name Type Commitment Called (%) Distributed NAV/Unit Status
University Endowment A University $33.0M 81.2% $40.9M $1.268 Active
Pension Fund B Pension $10.0M 76.5% $12.1M $1.245 Active
Family Office C Family Office $9.0M 79.8% $11.2M $1.271 Active
Fund of Funds D FoF $4.5M 78.1% $5.5M $1.251 Active
University Endowment E University $4.2M 77.3% $5.1M $1.238 Active
Corporate Strategic F Corporate $2.8M 80.4% $3.5M $1.279 Active
Pension Fund G Pension $6.5M 75.9% $7.9M $1.229 Active
Family Office H Family Office $5.5M 78.7% $6.8M $1.265 Active

Capital Call Forecast Accuracy

Co-Investment Pipeline

Deals Offered YTD
24
LP Acceptance Rate
67%
Top Co-Investors
University Endowment A 9 deals
Pension Fund B 7 deals
Family Office C 6 deals
Fund of Funds D 5 deals

NAV per LP Unit Over Time

Benchmark-Relative Performance

Fund II Performance vs. 2018 Vintage
Top Quartile
Net IRR: 18.7% vs. 14.2% median (net of fees)
Bottom Quartile 9.2%
Median (2nd Quartile) 14.2%
3rd Quartile 16.8%
Top Quartile (Meridian Fund II) 18.7%

LP Engagement Activity Log

Quarterly LP Call Completed
University Endowment A • 2 days ago
Topics: Q4 performance, Fund III terms preview
Co-Investment Acceptance
Pension Fund B • 4 days ago
CloudTech Series C – committed $2.5M
Capital Call Notice Sent
All LPs • 5 days ago
$8.2M total, due Jan 28, 2025
Quarterly Report Published
All LPs • 1 week ago
Q4 2024 performance summary + portfolio updates
Advisory Board Meeting
4 Board Members • 2 weeks ago
Discussed portfolio concentration, Fund III strategy
Distribution Processed
All LPs • 3 weeks ago
$12.4M from Portfolio Company Exit (DataFlow acquisition)
Co-Investment Deadline Reminder
Selected LPs • 4 weeks ago
FinTech Series B opportunity – deadline extended