1 Source: Blackrock. Represents the selection rate of direct investments in aggregate for all accounts managed by Private Equity Partners for Calendar year 2023. Secondary investments have a lower selection rate of 1% for the calendar year 2023. It should not be assumed that PEP will continue to receive investment opportunities or that the investment rate shown above will be the same in the future. Past performance does not guarantee future results. There is no guarantee that the investments identified and selected were or will be profitable.
2 Source: Blackrock. Estimated 09/30/23 and reflects total client commitments under management. Includes a portion of total commitments that remains subject to drawdown.
3 Source: BlackRock. Estimated 09/30/23 and reflects total client commitments under management. Includes a portion of total commitments that remains subject to drawdown. A portion of investor commitments remains subject to drawdown. Includes total investor commitments since under management since inception as of 09/30/23.
4 Reflects direct and secondary private equity investment opportunities sourced by PEP during the period 01/01/22 to 12/31/22.
5 Source: BlackRock. Represents the selection for all accounts managed by Private Equity Partners for Reflects selection rate for quarterly deal flow over last 5 years as of 09/30/23. It should not be assumed that PEP will continue to receive investment opportunities or that the investment rate shown above will be the same in the future.
6 Source: BlackRock as of 09/30/23 Represents all direct investments made by PEP since inception with the exception of investments 14 direct private equity investments made by funds managed by legacy organizations Quellos and Swiss Re Private Equity Partners prior to each group’s acquisition by BlackRock. PEP would not have considered such direct investments when constructing a direct investment portfolio because, among other reasons, they were made in industries, countries and/or sectors that PEP does not currently contemplate for purposes of its investment allocations.