Act 6 · Analytics & Platform
Fund Analytics Dashboard
Investment Thesis
Outperformance Through Operational Alpha
Fund IV's top-quartile positioning is driven by EBITDA expansion at the portfolio level, not financial engineering. Early J-curve inflection at Year 2 (vs. typical Year 3-4) reflects faster value creation from our operational playbook and bolt-on acquisition strategy.
Implication 1
PME alpha of +5.4% over S&P 500 demonstrates genuine skill premium — net of fees, Fund IV is generating 1.4x the public market equivalent.
Implication 2
DPI of 0.55x at Year 3.5 is well ahead of median (0.32x) — driven by early exits of Apex Logistics and partial realizations.
Net IRR
18.6%+3.2%
Top quartile
Net TVPI
1.62x
Total value / paid-in
DPI
0.55x
Distributions / paid-in
PME Alpha
+3.4%
vs S&P 500
Quartile
Q1
Vintage 2022
J-Curve — Net IRR Progression
Typical PE J-curve: negative IRR in early years due to management fees and unrealized investments. Fund IV crossed positive IRR at year 2.
Vintage 2022 Peer Comparison
Cambridge Associates benchmarkGranite Peak IV
Net IRR
18.6%
TVPI
1.62x
DPI
0.55x
Q1
Peer Median (2022)
Net IRR
12.4%
TVPI
1.35x
DPI
0.32x
Q2
Top Quartile Threshold
Net IRR
16%
TVPI
1.5x
DPI
0.45x
Q1
Bottom Quartile
Net IRR
6.8%
TVPI
1.12x
DPI
0.18x
Q4