IRR
+4.5%
Multiple
1.15x
DPI
0.10x
Size
$24.4B
Vintage
2021
RETURN GRADE:POORLOW 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?
Hellman & Friedman X
+4.5% IRR
~+25% 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 ~20pp. But DPI is low — returns exist only on paper until realized.
Notes
Peak-vintage fund. Services and healthcare focus. Limited distributions so far. Marks question.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET