0001145549-23-006452.txt : 20230213 0001145549-23-006452.hdr.sgml : 20230213 20230213172741 ACCESSION NUMBER: 0001145549-23-006452 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230213 DATE AS OF CHANGE: 20230213 PERIOD START: 20230331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Endowment PMF Master Fund, L.P. CENTRAL INDEX KEY: 0001597218 IRS NUMBER: 464482288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22940 FILM NUMBER: 23620158 BUSINESS ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 BUSINESS PHONE: 5126605146 MAIL ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 NPORT-P 1 primary_doc.xml NPORT-P false 0001597218 XXXXXXXX The Endowment PMF Master Fund, L.P. 811-22940 0001597218 5493002064WYI01TBE55 712 W. 34th Street Suite 201 Austin 78705 5126605146 THE ENDOWMENT PMF MASTER FUND, L.P. 5493002064WYI01TBE55 2023-03-31 2022-12-31 N 293265144.503400000000 14643636.844600000000 278621507.658800000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 22993489.435230000000 N ABRY ADVANCED SECURITIES FUND LP N/A ABRY ADVANCED SECURITIES FUND LP 999999999 42680.58 OU Other Units USD 42680.58 0.0153184800 Long PF KY Y N/A N N N CATTERTON GROWTH PARTNERS, LP N/A CATTERTON GROWTH PARTNERS, LP 999999999 3243200 OU Other Units USD 3243200 1.1640163845 Long PF US Y N/A N N N ADVENT LATIN AMERICAN PRIVATE EQUITY FUND IV-F LTD PARTNERSHIP N/A ADVENT LATIN AMERICAN PRIVATE EQUITY FUND IV-F LTD PARTNERSHIP 999999999 572271 OU Other Units USD 572271 0.2053936915 Long PF US Y N/A N N N ADVENT LATIN AMERICAN PRIVATE EQUITY FUND V-F LTD PARTNERSHIP N/A ADVENT LATIN AMERICAN PRIVATE EQUITY FUND V-F LTD PARTNERSHIP 999999999 5878989 OU Other Units USD 5878989 2.1100269859 Long PF US Y N/A N N N BDCM OPPORTUNITY FUND II, L.P. N/A BDCM OPPORTUNITY FUND II, L.P. 999999999 589988 OU Other Units USD 589988 0.2117524971 Long PF US Y N/A N N N BDCM PARTNERS I, L.P. (A-SPV-1) N/A BDCM PARTNERS I, L.P. (A-SPV-1) 999999999 1189321.71 OU Other Units USD 1189321.71 0.4268592615 Long PF US Y N/A N N N BDCM PARTNERS I, L.P. (A-SPV-PTC) N/A BDCM PARTNERS I, L.P. (A-SPV-PTC) 999999999 17914.92 OU Other Units USD 17914.92 0.0064298410 Long PF US Y N/A N N N BDCM PARTNERS I, L.P. (B-SPV-1) N/A BDCM PARTNERS I, L.P. (B-SPV-1) 999999999 4023886.18 OU Other Units USD 4023886.18 1.4442123344 Long PF US Y N/A N N N BDCM PARTNERS I, L.P. (B-SPV-PTC) N/A BDCM PARTNERS I, L.P. (B-SPV-PTC) 999999999 81469.93 OU Other Units USD 81469.93 0.0292403593 Long PF US Y N/A N N N FAIRHAVEN CAPITAL PARTNERS, LP N/A FAIRHAVEN CAPITAL PARTNERS, LP 999999999 1899724 OU Other Units USD 1899724 0.6818296319 Long PF US Y N/A N N N BENSON ELLIOTT REAL ESTATE PARTNERS II, L.P. (EUR) N/A BENSON ELLIOTT REAL ESTATE PARTNERS II, L.P. (EUR) 999999999 26083.17 OU Other Units USD 26083.17 0.0093615063 Long PF GB Y N/A N N N ENERGY & MINERALS GROUP FUND II N/A ENERGY & MINERALS GROUP FUND II 999999999 13486560 OU Other Units USD 13486560 4.8404590562 Long PF US Y N/A N N N COLUMN GROUP, L.P. N/A COLUMN GROUP, L.P. 999999999 7976959 OU Other Units USD 7976959 2.8630090574 Long PF US Y N/A N N N CROSSLINK CROSSOVER FUND V LP N/A CROSSLINK CROSSOVER FUND V LP 999999999 547133 OU Other Units USD 547133 0.1963714160 Long PF US Y N/A N N N CROSSLINK CROSSOVER FUND VI LP N/A CROSSLINK CROSSOVER FUND VI LP 999999999 17941158 OU Other Units USD 17941158 6.4392580999 Long PF US Y N/A N N N CX PARTNERS FUND LTD N/A CX PARTNERS FUND LTD 999999999 289000 OU Other Units USD 289000 0.1037249430 Long PF KY Y N/A N N N DACE VENTURES I LP N/A DACE VENTURES I LP 999999999 813594.27 OU Other Units USD 813594.27 0.2920069871 Long PF US Y N/A N N N DARWIN PRIVATE EQUITY I LP (GBP) N/A DARWIN PRIVATE EQUITY I LP (GBP) 999999999 118621.33 OU Other Units USD 118621.33 0.0425743623 Long PF GB Y N/A N N N ENCAP ENERGY CAP FD VII-B N/A ENCAP ENERGY CAP FD VII-B 999999999 53022.02 OU Other Units USD 0 0.0000000000 Long PF US Y N/A N N N CHRYSALIS VENTURES III, L.P. N/A CHRYSALIS VENTURES III, L.P. 999999999 522111 OU Other Units USD 522111 0.1873907741 Long PF US Y N/A N N N ENCAP ENERGY INFRASTRUCTURE TE FEEDER N/A ENCAP ENERGY INFRASTRUCTURE TE FEEDER 999999999 373859.24 OU Other Units USD 373859.24 0.1341817590 Long PF US Y N/A N N N FORTELUS SPECIAL SITUATIONS FUND LP (Cl B USD)(Designated Cap Acct) N/A FORTELUS SPECIAL SITUATIONS FUND LP (Cl B USD)(Designated Cap Acct) 999999999 9944.2 OU Other Units USD 9944.2 0.0035690712 Long PF US Y N/A N N N MERIT ENERGY PARTNERS G LP N/A MERIT ENERGY PARTNERS G LP 999999999 7809283 OU Other Units USD 7809283 2.8028284915 Long PF US Y N/A N N N FOUNDERS FUND III LP N/A FOUNDERS FUND III LP 999999999 24165620 OU Other Units USD 24165620 8.6732787440 Long PF US Y N/A N N N FOUNDERS FUND IV LP N/A FOUNDERS FUND IV LP 999999999 32361525 OU Other Units USD 32361525 11.6148696746 Long PF US Y N/A N N N GARRISON OPPORTUNITY FUND II LLC - Ser A N/A GARRISON OPPORTUNITY FUND II LLC - Ser A 999999999 11444 OU Other Units USD 11444 0.0041073642 Long PF US Y N/A N N N GARRISON OPPORTUNITY FUND II LLC - Ser B N/A GARRISON OPPORTUNITY FUND II LLC - Ser B 999999999 47342 OU Other Units USD 47342 0.0169915095 Long PF US Y N/A N N N GARRISON OPPORTUNITY FUND LLC N/A GARRISON OPPORTUNITY FUND LLC 999999999 56282 OU Other Units USD 56282 0.0202001635 Long PF US Y N/A N N N GAVEA INVESTMENT FUND II A, L.P. N/A GAVEA INVESTMENT FUND II A, L.P. 999999999 42350 OU Other Units USD 42350 0.0151998316 Long PF KY Y N/A N N N GAVEA INVESTMENT FUND III A, L.P. N/A GAVEA INVESTMENT FUND III A, L.P. 999999999 191507 OU Other Units USD 191507 0.0687337462 Long PF KY Y N/A N N N GTIS BRAZIL REAL ESTATE FUND (Brazillian Real) LP N/A GTIS BRAZIL REAL ESTATE FUND (Brazillian Real) LP 999999999 3464074 OU Other Units USD 3464074 1.2432902360 Long PF US Y N/A N N N FORUM EUROPEAN REALTY INCOME III LP (EUR) N/A FORUM EUROPEAN REALTY INCOME III LP (EUR) 999999999 339378.1 OU Other Units USD 339378.1 0.1218061387 Long PF KY Y N/A N N N HEALTHCOR PARTNERS FUND, L.P. N/A HEALTHCOR PARTNERS FUND, L.P. 999999999 2608164 OU Other Units USD 2608164 0.9360957171 Long PF US Y N/A N N N INTERVALE CAPITAL FUND LP N/A INTERVALE CAPITAL FUND LP 999999999 177383 OU Other Units USD 177383 0.0636645037 Long PF US Y N/A N N N J.C. FLOWERS III, L.P. N/A J.C. FLOWERS III, L.P. 999999999 1086381 OU Other Units USD 1086381 0.3899128280 Long PF KY Y N/A N N N KING STREET CAPITAL LP (Special Investment) N/A KING STREET CAPITAL LP (Special Investment) 999999999 198060 OU Other Units USD 198060 0.0710856824 Long PF US Y N/A N N N LC FUND IV LP N/A LC FUND IV LP 999999999 347374 OU Other Units USD 347374 0.1246759458 Long PF KY Y N/A N N N LONE STAR REAL ESTATE FUND II (U.S.) LP N/A LONE STAR REAL ESTATE FUND II (U.S.) LP 999999999 21871.25 OU Other Units USD 21871.25 0.0078498068 Long PF US Y N/A N N N MAGNETAR CAPITAL FUND, LP (Side Pocket C) N/A MAGNETAR CAPITAL FUND, LP (Side Pocket C) 999999999 7887 OU Other Units USD 7887 0.0028307219 Long PF US Y N/A N N N MAGNETAR CAPITAL FUND, LP (Side Pocket D) N/A MAGNETAR CAPITAL FUND, LP (Side Pocket D) 999999999 239006 OU Other Units USD 239006 0.0857816046 Long PF US Y N/A N N N MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS III, L.P. N/A MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS III, L.P. 999999999 29561 OU Other Units USD 29561 0.0106097337 Long PF US Y N/A N N N INDIA ASSET RECOVERY FUND, LP N/A INDIA ASSET RECOVERY FUND, LP 999999999 1765 OU Other Units USD 1765 0.0006334759 Long PF KY Y N/A N N N MID EUROPA FUND III, L.P. (EUR) N/A MID EUROPA FUND III, L.P. (EUR) 999999999 7432.6 OU Other Units USD 7432.6 0.0026676333 Long PF GG Y N/A N N N MIDDLE EAST NORTH AFRICA OPPORTUNTIES FUND, L.P. (Class C/2) N/A MIDDLE EAST NORTH AFRICA OPPORTUNTIES FUND, L.P. (Class C/2) 999999999 21806.24 OU Other Units USD 21806.24 0.0078264741 Long PF US Y N/A N N N MIDSTREAM & RESOURCES FOLLOW-ON FUND, L.P. N/A MIDSTREAM & RESOURCES FOLLOW-ON FUND, L.P. 999999999 3145216 OU Other Units USD 3145216 1.1288489630 Long PF US Y N/A N N N MONSOON INFRASTRUCTURE & REALTY CO-INVEST LP N/A MONSOON INFRASTRUCTURE & REALTY CO-INVEST LP 999999999 6555898 OU Other Units USD 6555898 2.3529762850 Long PF US Y N/A N N N NEW HORIZON CAPITAL III LP N/A NEW HORIZON CAPITAL III LP 999999999 406013 OU Other Units USD 0 0.0000000000 Long PF KY Y N/A N N N NGP ENERGY TECHNOLOGY PARTNERS II, LP N/A NGP ENERGY TECHNOLOGY PARTNERS II, LP 999999999 1832474 OU Other Units USD 1832474 0.6576929453 Long PF US Y N/A N N N NGP IX OFFSHORE FUND N/A NGP IX OFFSHORE FUND 999999999 193482 OU Other Units USD 193482 0.0694425932 Long PF US Y N/A N N N NGP MIDSTREAM & RESOURCES, L.P. N/A NGP MIDSTREAM & RESOURCES, L.P. 999999999 644419 OU Other Units USD 644419 0.2312883185 Long PF US Y N/A N N N NORTHSTAR EQUITY PARTNERS III N/A NORTHSTAR EQUITY PARTNERS III 999999999 1862550.25 OU Other Units USD 1862550.25 0.6684876073 Long PF KY Y N/A N N N NORTHWOOD REAL ESTATE CO-INVESTORS N/A NORTHWOOD REAL ESTATE CO-INVESTORS 999999999 2573154 OU Other Units USD 2573154 0.9235302837 Long PF US Y N/A N N N NORTHWOOD REAL ESTATE PARTNERS N/A NORTHWOOD REAL ESTATE PARTNERS 999999999 7554022 OU Other Units USD 7554022 2.7112128075 Long PF US Y N/A N N N ORCHID ASIA IV LP N/A ORCHID ASIA IV LP 999999999 1328608 OU Other Units USD 1328608 0.4768504812 Long PF KY Y N/A N N N PATRON CAPITAL L.P. II (EUR) N/A PATRON CAPITAL L.P. II (EUR) 999999999 10032.59 OU Other Units USD 10032.59 0.0036007952 Long PF GB Y N/A N N N PATRON CAPITAL L.P. III (EUR) N/A PATRON CAPITAL L.P. III (EUR) 999999999 187692.07 OU Other Units USD 187692.07 0.0673645303 Long PF GB Y N/A N N N PHOENIX ASIA REAL ESTATE INVESTMENTS II LP N/A PHOENIX ASIA REAL ESTATE INVESTMENTS II LP 999999999 3262164.8 OU Other Units USD 3262164.8 1.1708230378 Long PF KY Y N/A N N N PINE BROOK CAPITAL PARTNERS, LP N/A PINE BROOK CAPITAL PARTNERS, LP 999999999 1435872 OU Other Units USD 1435872 0.5153485860 Long PF US Y N/A N N N PINTO AMERICA GROWTH FUND, LP N/A PINTO AMERICA GROWTH FUND, LP 999999999 104376.96 OU Other Units USD 104376.96 0.0374619177 Long PF US Y N/A N N N PIPE EQUITY PARTNERS, LLC (290-01-298) N/A PIPE EQUITY PARTNERS, LLC (290-01-298) 999999999 0.01 OU Other Units USD 0.01 0.0000000036 Long PF US Y 3 N N N PIPE SELECT FUND LLC (290-06-122) N/A PIPE SELECT FUND LLC (290-06-122) 999999999 0.01 OU Other Units USD 0.01 0.0000000036 Long PF US Y 3 N N N PRIVATE EQUITY INVESTMENT FUND IV LP N/A PRIVATE EQUITY INVESTMENT FUND IV LP 999999999 390293 OU Other Units USD 390293 0.1400799972 Long PF US Y N/A N N N PRIVATE EQUITY INVESTMENT FUND V LP N/A PRIVATE EQUITY INVESTMENT FUND V LP 999999999 17486119 OU Other Units USD 17486119 6.2759401264 Long PF US Y N/A N N N QUANTUM PARALLEL PARTNERS V, LP N/A QUANTUM PARALLEL PARTNERS V, LP 999999999 20621464.63 OU Other Units USD 20621464.63 7.4012465166 Long PF US Y N/A N N N MONOMOY CAPITAL PARTNERS II LP N/A MONOMOY CAPITAL PARTNERS II LP 999999999 3438749 OU Other Units USD 3438749 1.2342008443 Long PF US Y N/A N N N RESERVOIR CAPITAL PARTNERS LP N/A RESERVOIR CAPITAL PARTNERS LP 999999999 3379981 OU Other Units USD 3379981 1.2131084310 Long PF KY Y N/A N N N SANDERLING VENTURE PARTNERS VI CO-INVESTMENT FUND, L.P. N/A SANDERLING VENTURE PARTNERS VI CO-INVESTMENT FUND, L.P. 999999999 491573.04 OU Other Units USD 491573.04 0.1764303998 Long PF US Y N/A N N N TENASKA POWER FUND II-A, LP N/A TENASKA POWER FUND II-A, LP 999999999 102507 OU Other Units USD 102507 0.0367907707 Long PF US Y N/A N N N SANDERLING VENTURE PARTNERS VI, L.P. N/A SANDERLING VENTURE PARTNERS VI, L.P. 999999999 380019.04 OU Other Units USD 380019.04 0.1363925718 Long PF US Y N/A N N N SBC US FUND II N/A SBC US FUND II 999999999 325600.34 OU Other Units USD 325600.34 0.1168611651 Long PF US Y N/A N N N SENTIENT GLOBAL RESOURCES FUND III LP N/A SENTIENT GLOBAL RESOURCES FUND III LP 999999999 3575541 OU Other Units USD 3575541 1.2832968388 Long PF KY Y N/A N N N SENTIENT GLOBAL RESOURCES FUND IV LP N/A SENTIENT GLOBAL RESOURCES FUND IV LP 999999999 2953790 OU Other Units USD 2953790 1.0601442885 Long PF KY Y N/A N N N STARK SELECT ASSET FUND LLC N/A STARK SELECT ASSET FUND LLC 999999999 60793.89 OU Other Units USD 60793.89 0.0218195252 Long PF US Y N/A N N N STERLING CAPITAL PARTNERS II LP N/A STERLING CAPITAL PARTNERS II LP 999999999 60093 OU Other Units USD 60093 0.0215679689 Long PF US Y N/A N N N STERLING GROUP PARTNERS III LP N/A STERLING GROUP PARTNERS III LP 999999999 7.75 OU Other Units USD 7.75 0.0000027816 Long PF US Y N/A N N N STRATEGIC VALUE GLOBAL OPPORTUNITIES FUND I-A, L.P. N/A STRATEGIC VALUE GLOBAL OPPORTUNITIES FUND I-A, L.P. 999999999 792694 OU Other Units USD 792694 0.2845056746 Long PF US Y N/A N N N TENAYA CAPITAL V, LP N/A TENAYA CAPITAL V, LP 999999999 465935 OU Other Units USD 465935 0.1672286551 Long PF US Y N/A N N N SAINTS CAPITAL VI LP N/A SAINTS CAPITAL VI LP 999999999 2257009 OU Other Units USD 2257009 0.8100627331 Long PF US Y N/A N N N TENAYA CAPITAL VI, LP N/A TENAYA CAPITAL VI, LP 999999999 5527807 OU Other Units USD 5527807 1.9839843114 Long PF US Y N/A N N N TIGER GLOBAL PRIVATE INV PARTNERS V, L.P. N/A TIGER GLOBAL PRIVATE INV PARTNERS V, L.P. 999999999 5855418 OU Other Units USD 5855418 2.1015671221 Long PF KY Y N/A N N N TIGER GLOBAL PRIVATE INV PARTNERS VI, L.P. N/A TIGER GLOBAL PRIVATE INV PARTNERS VI, L.P. 999999999 2712772 OU Other Units USD 2712772 0.9736405573 Long PF KY Y N/A N N N TRIVEST FUND IV, L.P. N/A TRIVEST FUND IV, L.P. 999999999 39316 OU Other Units USD 39316 0.0141108992 Long PF US Y N/A N N N TRUSTBRIDGE PARTNERS II, LP N/A TRUSTBRIDGE PARTNERS II, LP 999999999 3684508.9 OU Other Units USD 3684508.9 1.3224064901 Long PF KY Y N/A N N N TRUSTBRIDGE PARTNERS III, LP N/A TRUSTBRIDGE PARTNERS III, LP 999999999 11494102.47 OU Other Units USD 11494102.47 4.1253464482 Long PF KY Y N/A N N N TRUSTBRIDGE PARTNERS IV, LP N/A TRUSTBRIDGE PARTNERS IV, LP 999999999 16141786.23 OU Other Units USD 16141786.23 5.7934458706 Long PF KY Y N/A N N N TUCKERBROOK SB GLOBAL DISTRESSED FUND I, L.P. N/A TUCKERBROOK SB GLOBAL DISTRESSED FUND I, L.P. 999999999 1612002 OU Other Units USD 1612002 0.5785633757 Long PF US Y N/A N N N VALIANT CAPITAL PARTNERS, LP (Illiquid Sub Capital) N/A VALIANT CAPITAL PARTNERS, LP (Illiquid Sub Capital) 999999999 1862473.75 OU Other Units USD 1862473.75 0.6684601507 Long PF US Y N/A N N N VOYAGER CAPITAL FUND III, L.P. N/A VOYAGER CAPITAL FUND III, L.P. 999999999 410799 OU Other Units USD 410799 0.1474398023 Long PF US Y N/A N N N 2023-01-30 The Endowment PMF Master Fund, L.P. /s/ Benjamin Murray Benjamin Murray Principal Financial Officer XXXX NPORT-EX 2 pmfmaster123122soi_nportex.htm THE ENDOWMENT PMF MASTER FUND LP DECEMBER 31 2022 SCHEDULE OF INVESTMENTS

 

THE ENDOWMENT PMF MASTER FUND, L.P.

(A Limited Partnership)

Schedule of Investments

December 31, 2022

(Unaudited)

 

   Initial Investment Date (1)  Shares   Cost   Fair Value   % of Partners’ Capital 
Investments in Investment Funds                       
Limited Partnerships, Exempted Limited Partnerships and Limited Liability Companies                       
                        
Cayman Islands                      
Energy (2.34% of Partners’ Capital)                     
Sentient Global Resources Fund III, L.P.  July, 2008 $12,387,341 $3,575,541
Sentient Global Resources Fund IV, L.P. (2) June, 2011 9,916,684 2,953,790
Private Equity (17.39% of Partners’ Capital)                       
ABRY Advanced Securities Fund, L.P.  August, 2008        -    42,681      
CX Partners Fund Ltd. (2)(3)  April, 2009        10,512,844    289,000      
Gavea Investment Fund II A, L.P.  May, 2007        -    42,350      
Gavea Investment Fund III A, L.P.  September, 2008        -    191,507      
India Asset Recovery Fund L.P.  October, 2006        -    1,765      
J.C. Flowers III L.P.  October, 2009        6,985,611    1,086,381      
LC Fund IV, L.P.  May, 2008        7,493,581    347,374      
New Horizon Capital III, L.P. (2)  March, 2009        3,526,056    -      
Northstar Equity Partners III (2)  June, 2011        3,011,449    1,862,550      
Orchid Asia IV, L.P. (2)  November, 2007        4,834,761    1,328,608      
Reservoir Capital Partners (Cayman), L.P. (2)  June, 2009        1,602,522    3,379,981      
Tiger Global Private Investment Partners V, L.P.  January, 2008        6,176,631    5,855,418      
Tiger Global Private Investment Partners VI, L.P.  November, 2010        -    2,712,772      
Trustbridge Partners II, L.P. (2)  December, 2007        4,990,945    3,684,509      
Trustbridge Partners III, L.P. (3)  April, 2009        17,692,549    11,494,102      
Trustbridge Partners IV, L.P.(2)  September, 2011        -    16,141,786      
Real Estate (1.29% of Partners’ Capital)                       
Forum European Realty Income III, L.P.  February, 2008        4,466,262    339,378      
Phoenix Asia Real Estate Investments II, L.P. (3)  September, 2007        3,650,617    3,262,165      
                        
Total Cayman Islands           97,247,853    58,591,658      
                        
Guernsey                       
Private Equity (0.00% of Partners’ Capital)                       
Mid Europa Fund III LP  November, 2007        3,749,029    7,433      
                        
Total Guernsey           3,749,029    7,433      
                        
United Kingdom                       
Private Equity (0.04% of Partners’ Capital)                       
Darwin Private Equity I L.P.  September, 2007        6,816,923    118,621      
Real Estate (0.08% of Partners’ Capital)                       
Benson Elliot Real Estate Partners II, L.P.  August, 2006        1,975,313    26,083      
Patron Capital, L.P. II  February, 2005        674,772    10,033      
Patron Capital, L.P. III  July, 2007        3,254,500    187,692      
                        
Total United Kingdom           12,721,508    342,429      
                        
United States                       
Energy (17.37% of Partners’ Capital)                       
EnCap Energy Capital Fund VII-B LP (2)  October, 2007        7,469,808    -      
EnCap Energy Infrastructure TE Feeder, L.P. (2)(3)  October, 2009        5,535,027    373,859      
Energy & Minerals Group Fund II, L.P. (2)  November, 2011        11,275,863    13,486,560      
Intervale Capital Fund, L.P.  May, 2008        2,305,488    177,383      
Merit Energy Partners G, L.P. (2)  September, 2009        15,973,266    7,809,283      
Midstream & Resources Follow-On Fund, L.P. (2)(3)  March, 2010        3,459,071    3,145,216      
NGP Energy Technology Partners II, L.P. (2)  July, 2009        4,017,505    1,832,474      
NGP IX Offshore Fund, L.P.  March, 2008        4,181,522    193,482      
NGP Midstream & Resources, L.P.  October, 2007        5,412,496    644,419      
Quantum Parallel Partners V, LP (3)  October, 2008        20,217,115    20,621,465      

 

 

TPF II-A, L.P.  (3)  October, 2008        6,612,057    102,507      
Event-Driven (1.91% of Partners’ Capital)                       
BDCM Partners I, L.P. (3)(6)  January, 2011        7,437,015    5,312,593      
                       
Fortelus Special Situations Fund Ltd. (6) May, 2010 - 9,944
Private Equity (48.83% of Partners’ Capital)                      
Advent Latin American Private Equity Fund IV-F L.P.  August, 2007        1,095,662    572,271      
Advent Latin American Private Equity Fund V-F L.P.  May, 2010        7,188,081    5,878,990      
BDCM Opportunity Fund II, L.P. (2)  March, 2006        2,732,651    589,988      
Catterton Growth Partners, L.P.  March, 2008        10,514,354    3,243,200      
Chrysalis Ventures III, L.P.  December, 2006        1,136,664    522,111      
Crosslink Crossover Fund V, L.P.  May, 2007        1,723,592    547,133      
Crosslink Crossover Fund VI, L.P.  March, 2007        -    17,941,158      
Dace Ventures I, LP (3)  June, 2007        1,894,196    813,594      
Fairhaven Capital Partners, L.P.  March, 2008        8,481,555    1,899,724      
Founders Fund III, LP  May, 2010        -    24,165,620      
Founders Fund IV, LP  January, 2012        -    32,361,525      
Garrison Opportunity Fund LLC  (3)  February, 2010        -    56,282      
Garrison Opportunity Fund II A LLC  March, 2011        -    58,786      
HealthCor Partners Fund, L.P. (3)  August, 2007        1,583,797    2,608,164      
MatlinPatterson Global Opportunities Partners III L.P.  July, 2007        4,715,825    29,561      
Middle East North Africa Opportunities Fund, L.P. (6)  July, 2008   3,969    3,969,272    21,806      
Monomoy Capital Partners II, L.P.  May, 2011        5,137,020    3,438,749      
Pine Brook Capital Partners, L.P. (2)  January, 2008        9,532,892    1,435,872      
Pinto America Growth Fund, L.P.  July, 2006        -    104,377      
Private Equity Investment Fund IV, L.P. (3)  July, 2005        3,221,616    390,293      
Private Equity Investment Fund V, L.P. (3)  April, 2009        32,635,067    17,486,119      
Saints Capital VI, L.P. (3)  April, 2008        9,042,256    2,257,009      
Sanderling Venture Partners VI Co-Investment Fund, L.P.  June, 2005        1,146,840    491,573      
Sanderling Venture Partners VI, L.P.  June, 2005        517,676    380,019      
Sterling Capital Partners II, L.P. (2)  August, 2005        1,039,496    60,093      
Sterling Group Partners III, L.P. (2)  April, 2010        3,242,169    8      
Strategic Value Global Opportunities Fund I-A, L.P.  December, 2006        157,773    792,694      
Tenaya Capital V, LP (2)  November, 2007        286,205    465,935      
Tenaya Capital VI, LP  July, 2012        4,516,706    5,527,807      
The Column Group, LP  September, 2007        -    7,976,959      
Trivest Fund IV, L.P.(3)  November, 2007        66,650    39,316      
Tuckerbrook SB Global Distressed Fund I, L.P. (3)  July, 2007        434,042    1,612,002      
Valiant Capital Partners LP (6)  July, 2009        2,690,540    1,862,474      
Voyager Capital Fund III, L.P.  May, 2007        1,532,853    410,799      
Real Estate (7.37% of Partners’ Capital)                       
GTIS Brazil Real Estate Fund (Brazilian Real) LP (3)  July, 2008        6,635,634    3,464,074      
Lone Star Real Estate Fund II (U.S.), L.P.  June, 2011        -    21,871      
Monsoon Infrastructure & Realty Co-Invest, L.P. (3)  February, 2008        9,542,106    6,555,898      
Northwood Real Estate Co-Investors LP (2)  April, 2008        1,818,939    2,573,154      
Northwood Real Estate Partners LP (2)  April, 2008        6,302,730    7,554,022      
SBC US Fund II, LP (3)  June, 2011        4,302,697    325,600      
Relative Value (0.18% of Partners’ Capital)                       
King Street Capital, L.P. (2)(6)  November, 2009        14,723    198,060      
Magnetar Capital Fund LP (3)(6)  February, 2009        -    246,893      
PIPE Equity Partners, LLC (4)(5)(6)  August, 2008        17,723,154    -      
PIPE Select Fund, LLC (4)(5)(6)  September, 2008        15,623,045    -      
Stark Select Asset Fund, LLC (6)  July, 2010        -    60,794      
                        
Total United States           276,094,711    210,751,562      
                        
Total Limited Partnerships, Exempted Limited Partnerships and Limited Liability Companies           389,813,101    269,693,082    96.80%
                        
Total Investments in Investment Funds(7)           389,813,101    269,693,082    96.80%
                        
Total Investments          $389,813,101   $269,693,082    96.80%

 

The Master Fund’s total outstanding capital commitments to Investment Funds as of December 31, 2022 were $39,674,369. For certain Investment Funds for which the Master Fund has a capital commitment, the Master Fund may be allocated its pro-rata share of expenses prior to having to fund a capital call for such expenses.

 

All investments are non-income producing unless noted otherwise.

 

 

 
(1)All Investment Funds were received in an in-kind transfer of a portfolio of Investment Funds on March 31, 2014.

(2)Income producing investment.

(3)Affiliated investments for which ownership exceeds 5% of the Investment Fund's capital.

(4)Affiliated investments for which ownership exceeds 25% of the Investment Fund’s capital.

(5)Investment was valued in good faith pursuant to procedures approved by the Board of Directors as of December 31, 2022. The total of all such investments represents 0.00% of partners’ capital.

(6)Investment Funds classified as "Hedge Funds" in the Master Fund's limited partnership agreement. The cost and fair value of these Investment Funds as of December 31, 2022 was $47,457,749 and $7,712,564, respectively.

(7)Restricted investments as to resale.