Total Portfolio Value
$52.4M
+4.8% from last quarter
Net IRR
18.7%
+2.1% YoY
Since inception
Equity Multiple
1.62x
+0.08x QoQ
On $32.4M invested
Distributions to Date
$8.1M
$1.2M this quarter
25% of committed capital returned

Quarterly Returns

Last 4 Quarters
Q2 2025
+3.2%
$49.1M NAV
Q3 2025
+2.8%
$50.5M NAV
Q4 2025
-0.7%
$50.0M NAV
Q1 2026
+4.8%
$52.4M NAV

Asset Allocation by Type

Geographic Distribution

Portfolio Value Over Time

Quarterly Cash Flow

Deal Performance

6 Active Positions
Meridian Tower
Commercial Real Estate
Dallas, TX
Entry Price
$12.5M
Current Value
$16.8M
Cash-on-Cash
9.2%
Equity Multiple
1.34x
Permian Basin Well Cluster
Energy
Midland, TX
Entry Price
$8.2M
Current Value
$11.4M
Cash-on-Cash
14.6%
Equity Multiple
1.39x
Lagos Port Logistics
Emerging Markets
Lagos, Nigeria
Entry Price
$4.8M
Current Value
$5.6M
Cash-on-Cash
7.1%
Equity Multiple
1.17x
Sunbelt Industrial Park
Commercial Real Estate
Houston, TX
Entry Price
$9.1M
Current Value
$11.9M
Cash-on-Cash
8.4%
Equity Multiple
1.31x
Nairobi Data Center
Emerging Markets
Nairobi, Kenya
Entry Price
$3.2M
Current Value
$2.8M
Cash-on-Cash
2.1%
Equity Multiple
0.88x
Eagle Ford Royalties
Energy
San Antonio, TX
Entry Price
$5.5M
Current Value
$7.2M
Cash-on-Cash
11.8%
Equity Multiple
1.31x

Consolidated Performance Summary

Investment Asset Class Invested Current NAV IRR CoC Return Hold Period Status
Meridian Tower Real Estate $12.5M $16.8M 22.1% 9.2% 2.4 yrs On Track
Permian Basin Wells Energy $8.2M $11.4M 28.3% 14.6% 1.8 yrs On Track
Sunbelt Industrial Real Estate $9.1M $11.9M 16.8% 8.4% 3.1 yrs On Track
Eagle Ford Royalties Energy $5.5M $7.2M 19.5% 11.8% 2.0 yrs On Track
Lagos Port Logistics Emerging Markets $4.8M $5.6M 12.4% 7.1% 1.2 yrs Monitoring
Nairobi Data Center Emerging Markets $3.2M $2.8M -8.2% 2.1% 0.9 yrs Under Review

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