IRR
+6.8%
Multiple
1.20x
DPI
0.10x
Size
$16B
Vintage
2021
RETURN GRADE:MEDIOCRELOW DISTRIBUTIONS
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
CD&R Fund XII
+6.8% IRR
~+39% total return over 5 yrs
S&P 500 (2021 vintage)
+5%
Total return, 2021 to present
VERDICT: GP marks outpace the S&P 500 by ~34pp. But DPI is low — returns exist only on paper until realized.
Notes
$16B. Operational improvement playbook. Industrial and services focus. Peak-vintage deployment.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET