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Paul Kwanunlockedknows Jonah Zahnd Β· together at Stanford University (overlapped)
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Γ2knows the team Β· via Stealth
Γ5knows the team Β· via Goldman Sachs
Γ2knows the team Β· via Harvard University
Γ2knows the team Β· via Harvard Business School
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Jonah ZahndΒ· Private Equity AssociateΒ· Greater Sacramentoin
Fund commitments Β· as a limited partner Β· 641
as of Jun 2025Private-fund positions this organization discloses in its own public filings and reports β $205.1B committed, $111.4B reported NAV. Returns are this LP's own position, net of fees.
| Fund | Manager | Vintage | Committed | NAV | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| Blackstone Real Estate Debt Strategies V - C L.P.. | The Blackstone Group | 2024 | $3B | $637.9M | β | 1.12x | 0.04x |
| Ares Capital Europe VI (ACE VI) | Ares | 2023 | $2.4B | $889.4M | β | 1.17x | 0.07x |
| Ares Senior Direct Lending Fund (Delaware) III LP | Ares | 2024 | $2.3B | $630M | β | 1.13x | 0.07x |
| Lincoln Plaza Fund, L.P. | Lincoln Plaza | 2024 | $2B | $737M | β | 1.17x | 0.00x |
| OHA Co-Invest Opportunities Fund | OHA | 2021 | $2B | $582.6M | β | 1.89x | 0.00x |
| West Street Mezzanine Partners VIII | Goldman Sachs | 2022 | $2B | $506.5M | β | 1.39x | 0.16x |
| West Street Strategic Solutions Fund I, L.P. | Goldman Sachs | 2020 | $2B | $1.5B | β | 1.43x | 0.18x |
| Phoenix Bear Partners, L.P. | Phoenix | 2023 | $2B | $1.9B | β | 1.25x | 0.02x |
| CA Co-Investment Limited Partnership | CA Co | 2022 | $1.9B | $824.6M | 13.9% | 1.32x | 0.00x |
| Nordic Bear SCSp | Nordic Capital | 2021 | $1.8B | $2B | 11.5% | 1.24x | 0.03x |
| BC CLP INVESTORS, L.P. | β | 2023 | $1.7B | $1.2B | β | 1.18x | 0.01x |
| Innovation Opportunities, L.P. | Innovation Alpha | 2023 | $1.7B | $1.5B | β | 1.75x | 0.00x |
| Blackwell Capital Partners, LP | Blackwell | 2023 | $1.6B | $871.2M | β | 1.23x | 0.00x |
| LongRange Capital Fund I, L.P. | LongRange Capital | 2020 | $1.5B | $874.1M | 12.6% | 1.33x | 0.18x |
| Moreton Bay SPV, LP | β | 2023 | $1.4B | $1.4B | β | 1.22x | 0.00x |
| California Emerging Ventures II, LLC | California Emerging | 1999 | $1.3B | $53.2K | 3.9% | 1.24x | 1.24x |
| Ares Senior Direct Lending Fund II | Ares | 2021 | $1.3B | $954.7M | β | 1.31x | 0.33x |
| CA1 SPV, L.P. | CA1 SPV, L.P | 2023 | $1.2B | $1.1B | β | 1.19x | 0.00x |
| OHA CA CUSTOMIZED CREDIT FUND, L.P. ? OHA SENIOR PRIVATE LENDING FUND (CA OLEND) | OHA CA Customized | 2024 | $1.2B | $259M | β | 1.07x | 0.00x |
| PIMCO Asset Based Finance Specialty Finance | PIMCO Europe | 2024 | $1.2B | $295.5M | β | 1.00x | 0.00x |
| Red Admiral Fund LP | Red Admiral | 2023 | $1.2B | $491.2M | β | 1.67x | 0.26x |
| Sixth Street Madrone Strategic Holdings I, L.P. - Series 1 | Sixth Street | 2024 | $1.2B | $375.2M | β | 1.05x | 0.00x |
| Sixth Street TAO Partners (B), L.P. | Sixth Street | 2018 | $1.1B | $1.1B | β | 1.41x | 0.00x |
| TCC Opportunities, L.P. | TCC | 2021 | $1.1B | $1B | 21.5% | 1.29x | 0.06x |
| Ares Capital Europe V (D) Levered | Ares | 2021 | $1.1B | $859.1M | β | 1.38x | 0.32x |
| JSC Capital Partners, L.P. | JSC Capital Partners | 2024 | $1.1B | $1.2B | β | 1.20x | 0.00x |
| General Atlantic Managed Account | General Atlantic | 2020 | $1.1B | $941.5M | 7.0% | 1.21x | 0.10x |
| Grandval II, L.P. | Grandval | 2019 | $1.1B | $1.2B | 15.0% | 1.58x | 0.19x |
| CVC Capital Partners Strategic Opportunities Compounding Capital L.P. | CVC Capital Partners | 2017 | $1B | $1.4B | 11.6% | 1.82x | 0.56x |
| Apollo Credit Opportunity Fund I, L.P. | Apollo | 2008 | $1B | β | 27.4% | 2.59x | 2.59x |
| Bain Capital Special Situations Managed Account (CLP), L.P. | Bain Capital | 2024 | $1B | $634.2M | β | 1.27x | 0.00x |
| BCSS CLP Investors, L.P. | BCSS CLP Investors, L.P | 2024 | $1B | $369.8M | β | 1.21x | 0.02x |
| Blackstone Core Equity Partners II LP | The Blackstone Group | 2021 | $1B | $552.6M | 13.5% | 1.35x | 0.12x |
| Blackstone Credit Series Fund-C LP - Series C | The Blackstone Group | 2023 | $1B | $299.1M | β | 1.09x | 0.00x |
| Blackstone Real Estate Debt Strategies ? Supplemental Account C L.P. | The Blackstone Group | 2025 | $1B | $6.2M | β | 1.36x | 0.25x |
| Blackstone Real Estate Debt Strategies IV - C L.P. | The Blackstone Group | 2020 | $1B | $389.9M | β | 1.43x | 0.57x |
| Blue Owl Diversified Lending (CP) | Blue Owl Capital | 2022 | $1B | $725.1M | β | 1.17x | 0.16x |
| Cedar Street Partners LP | Cedar Street | 2021 | $1B | $596.9M | 38.2% | 2.09x | 0.04x |
| Oaktree Latigo Investment Fund, L.P. | Oaktree | 2020 | $1B | $337.6M | 9.9% | 1.36x | 0.65x |
| OHA Black Bear Fund, L.P. | OHA | 2020 | $1B | $206.9M | 11.5% | 1.50x | 0.71x |
| Project Quail Opportunities, L.P. | Project Quail | 2022 | $1B | $546.9M | 21.0% | 1.42x | 0.00x |
| Triangle Investment Opportunities II, L.P. | Triangle | 2024 | $1B | $71.3M | β | 1.01x | 0.00x |
| Triangle Investment Opportunities, L.P. | Triangle | 2023 | $1B | $1.6B | β | 1.70x | 0.07x |
| Greenleaf Co-Invest Partners, L.P. | Green | 2021 | $975M | $787.3M | 17.1% | 1.68x | 0.02x |
| California Emerging Ventures, LLC | California Emerging | 1999 | $952.9M | β | 3.5% | 1.16x | 1.16x |
| Redwood Opportunities SCSp | Redwood Offshore | 2020 | $950M | $1.1B | 14.8% | 1.38x | 0.00x |
| Hellman & Friedman Capital Partners X, L.P. | Hellman & Friedman | 2021 | $940M | $838M | 6.2% | 1.16x | 0.18x |
| Antares Credit Opportunities CA LLC | Antares Capital | 2021 | $885M | $484.7M | β | 1.46x | 0.62x |
| California Partners, L.P. | California Emerging | 2020 | $850M | $782.3M | 15.4% | 1.37x | 0.05x |
| TPG Partners VI | TPG | 2008 | $825M | $129.3M | 9.5% | 1.46x | 1.33x |
| Whitney Global Partners L.P. | J.H. Whitney | 2021 | $805.4M | $877M | 7.0% | 1.16x | 0.00x |
| Apollo Investment Fund VII LP | Apollo | 2008 | $800M | $61.6M | 21.8% | 1.60x | 1.55x |
| Apollo Special Opportunities Managed Account, L.P. | Apollo | 2007 | $800M | $5.7M | 3.8% | 1.37x | 1.37x |
| Blackstone Credit Series Fund-C LP - Series A | The Blackstone Group | 2022 | $800M | $709.1M | β | 1.22x | 0.00x |
| Blackstone Tactical Opportunities Fund - C L.P. | The Blackstone Group | 2012 | $800M | $20.7M | 9.4% | 1.36x | 1.34x |
| Carlyle Partners V, L.P. | Carlyle Group | 2007 | $800M | $26.2M | 12.8% | 1.64x | 1.62x |
| Hornet Co-Invest, L.P. | Hornet Co-Invest, L.P | 2024 | $800M | $632.4M | β | 1.35x | 0.00x |
| Middlefield Road Private Opportunities Fund, L.P. | Middlefield Road Private | 2021 | $800M | $249.2M | 3.8% | 1.08x | 0.00x |
| Sixth Street Cottonwood Strategic Holdings I, L.P. | Sixth Street | 2021 | $800M | $488.4M | β | 1.00x | 0.12x |
| Forecastle, L.P. | Forecastle, L.P | 2020 | $790M | $1.1B | 18.1% | 1.45x | 0.01x |
| Silver Lake Partners VI LP | Silver | 2021 | $755.2M | $879.5M | 8.2% | 1.22x | 0.22x |
| Ares SME (Parallel), L.P. | Ares | 2022 | $750M | $639.1M | β | 1.29x | 0.07x |
| CV Consortio Fund L.P. | Valor Equity Partners | 2023 | $750M | $1.2B | β | 1.90x | 0.00x |
| RC CC Fund LP | Rc Cc | 2024 | $750M | $690.3M | β | 1.27x | 0.00x |
| Three Pillars Secondaries Fund, LP | Three Pillars Flex | 2024 | $750M | $142.3M | β | 1.75x | 0.32x |
| Permira VIII-2 SCSp | Permira | 2023 | $700.4M | $449.9M | β | 1.12x | 0.02x |
| Redwood Lane Capital, L.P. | Redwood Lane | 2022 | $700M | $941.8M | 25.6% | 1.41x | 0.00x |
| Antares Credit Opportunities CA LLC - Series 2 | Antares Capital | 2021 | $695M | $340M | β | 1.55x | 0.79x |
| EQT IX (No. 2) USD SCSP | EQT | 2020 | $655.5M | $786.5M | 8.3% | 1.26x | 0.30x |
| Ares European Credit Investments VII (CP), L.P. -- ACE VI Co-Invest Pool | Ares | 2023 | $650.3M | $99.6M | β | 1.24x | 0.00x |
| Advent International GPE X | Advent International | 2022 | $650M | $403.9M | 13.2% | 1.20x | 0.00x |
| Bear Coast (Ventures) Fund, LP | BEAR COAST (VENTURES) | 2023 | $650M | $727.2M | β | 1.13x | 0.00x |
| LS Investments C, L.P. | Ls Investments | 2024 | $650M | $553.2M | β | 1.17x | 0.00x |
| ESP Golden Bear Europe Fund | ESP Golden Bear Europe | 2007 | $647.8M | $290M | 3.1% | 1.11x | 0.59x |
| The Veritas Capital Fund VIII, L.P. | Veritas Capital | 2022 | $625M | $631.9M | 13.6% | 1.23x | 0.00x |
| AMZL, LP | β | 2023 | $600M | $160.4M | β | 0.72x | 0.00x |
| Antares Credit Opportunities CA LLC - Series 4 | Antares Capital | 2021 | $600M | $460M | β | 1.31x | 0.39x |
| Blue Owl Diversified Lending (CP) Co-Investment | Blue Owl Capital | 2022 | $600M | $440.5M | β | 1.20x | 0.18x |
| Hellman & Friedman Capital Partners VI LP | Hellman & Friedman | 2007 | $600M | $10.9M | 12.9% | 1.82x | 1.81x |
| Insight Partners Fund XII, L.P. | Insight Partners | 2021 | $600M | $567.7M | 1.1% | 1.03x | 0.00x |
| KKR North America Fund XIII | Kohlberg Kravis Roberts | 2021 | $600M | $542.8M | 12.2% | 1.23x | 0.03x |
| THOMA BRAVO XIV LP | Thoma Bravo | 2020 | $600M | $664.5M | 7.4% | 1.25x | 0.23x |
| TPG Partners V LP | TPG | 2006 | $600M | β | 3.7% | 1.24x | 1.24x |
| West Street Co-Investment Partners (C), L.P. | Goldman Sachs | 2020 | $600M | $530.7M | β | 1.24x | 0.07x |
| West Street Mezzanine Co-Investment Partners (C), LP | Goldman Sachs | 2022 | $600M | $357.8M | β | 1.31x | 0.12x |
| Hellman & Friedman Capital Partners IX | Hellman & Friedman | 2019 | $578.7M | $912.2M | 13.1% | 1.59x | 0.31x |
| CVC Capital Partners VI, L.P. | CVC Capital Partners | 2014 | $576.3M | $407.6M | 15.5% | 1.96x | 1.37x |
| CVC European Equity Partners V (B) L.P. | CVC | 2008 | $573.2M | $12.4M | 16.4% | 1.83x | 1.82x |
| Cerberus CP Partners LP | Cerberus | 2013 | $570.3M | $466.4M | 17.0% | 2.32x | 1.63x |
| Permira VII LP 1 | Permira | β | $554M | $607.8M | 6.2% | 1.23x | 0.24x |
| Advent International GPE IX | Advent International | 2019 | $550M | $671.9M | 13.9% | 1.57x | 0.29x |
| Apollo Investment Fund IX | Apollo | 2018 | $550M | $535.3M | 17.2% | 1.56x | 0.56x |
| GCM Grosvenor DEM III, L.P. | GCM Grosvenor | 2019 | $550M | $648.9M | 21.7% | 1.69x | 0.46x |
| Sacramento Private Equity Partners, L.P. | Sacramento Private | 2006 | $537.9M | $42M | 11.6% | 1.98x | 1.90x |
| Orchard Park, L.P. | Orchard Landmark | 2023 | $535.4M | $557M | β | 1.24x | 0.00x |
| Golden State Investment Fund, LLC | Golden State | 2006 | $533.1M | $85.5M | 8.2% | 1.55x | 1.39x |
| Apollo Investment Fund VI LP | Apollo | 2006 | $520M | $8.8M | 8.2% | 1.42x | 1.41x |
| California Emerging Ventures III, LLC | California Emerging | 2001 | $510.1M | $60.7M | 7.4% | 1.40x | 1.30x |
| CVC Capital Partners IX (A) | CVC Capital Partners | 2023 | $505.5M | $76.5M | β | 1.00x | 0.00x |
| Capital Link Fund I, LLC | Link Capital | 2007 | $502.3M | $34.2M | 7.6% | 1.50x | 1.44x |
Largest 100 of 641 disclosed positions. Source: CalPERS Private Debt Fund Performance. TVPI = total value / paid-in; DPI = distributions / paid-in.