Capital Partners I, LP
Portfolio Overview
Fund performance and LP account summary as of March 31, 2024. All figures are unaudited unless noted.
Fund Size
$125M
Vintage 2022 · Fully deployed
Gross MOIC
1.9×
▲ vs 1.7× last quarter
Gross IRR
34%
▲ vs 28% last quarter
Platform Companies
4
$112M deployed equity
Distributions to LPs
$28M
Wired Jan 19, 2024
Unrealized Value (NAV)
$184M
▲ 14% quarter-over-quarter
DPI
0.25×
Net of fees & carried interest
TVPI
1.71×
▲ vs 1.54× last quarter
Your LP Account Summary
Capital account as of March 31, 2024
| Line Item | Amount | % of Commitment | As of |
|---|---|---|---|
| Total Commitment | $5,000,000 | 100.0% | Aug 2022 |
| Capital Called | $4,480,000 | 89.6% | Through Q1 2024 |
| Distributions Received | $1,120,000 | 22.4% | Jan 2024 |
| Net Capital at Work | $3,360,000 | 67.2% | Current |
| Estimated Current Value | $8,548,000 | 1.91× MOIC | 3/31/24 |
Portfolio Companies
Four platform acquisitions — $112M equity deployed
| Company | Sector | Entry | Equity | MOIC | Status |
|---|---|---|---|---|---|
| Ridgeline Services Group | Specialty Trades | Q4 2022 | $28M | 2.4× | Strong |
| Summit Building Products | Distribution | Q1 2023 | $24M | 1.7× | On Track |
| Westbrook Environmental | Env. Services | Q2 2023 | $29M | 1.6× | Strong |
| Cascade Industrial Holdings | Industrial Dist. | Q1 2024 | $31M | 1.0× | Early Stage |
Investor Updates
Quarterly Reports
Management commentary, fund performance, and portfolio updates delivered each quarter. Reports are available for download below.
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Available Reports
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4 reports
Q1 2024 · Latest
Quarterly Investor Update — Q1 2024
New
Q4 2023 · Year-End
Annual Investor Letter — Q4 2023
Q3 2023
Quarterly Investor Update — Q3 2023
Q2 2023
Quarterly Investor Update — Q2 2023
Fund Documents
Document Library
Governing documents, financial statements, K-1s, and correspondence. All materials are confidential and for authorized LP use only.
Financial Statements
Audited Financial Statements — FY 2023
Issued Mar 28, 2024
Unaudited Financial Statements — Q1 2024
Issued Apr 12, 2024
Unaudited Financial Statements — Q4 2023
Issued Jan 18, 2024
Tax Documents
Schedule K-1 — Tax Year 2023
Issued Mar 15, 2024
Schedule K-1 — Tax Year 2022
Issued Mar 14, 2023
Governing Documents
Amended & Restated Limited Partnership Agreement
Aug 2022
Private Placement Memorandum
Jun 2022
Subscription Agreement
LP copy on file