THE ENDOWMENT PMF MASTER FUND, L.P.
(A Limited Partnership)
Schedule of Investments
June 30, 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 (2.02% of Partners’ Capital) | |||||||||||||||
Sentient Global Resources Fund III, L.P. | July, 2008 | $ | 12,387,341 | $ | 3,575,202 | ||||||||||
Sentient Global Resources Fund IV, L.P. (2) | June, 2011 | 9,916,684 | 3,353,900 | ||||||||||||
Private Equity (18.58% of Partners’ Capital) | |||||||||||||||
ABRY Advanced Securities Fund, L.P. | August, 2008 | - | 101,436 | ||||||||||||
CX Partners Fund Ltd. (2)(3) | April, 2009 | 10,512,845 | 225,493 | ||||||||||||
Gavea Investment Fund II A, L.P. | May, 2007 | - | 40,410 | ||||||||||||
Gavea Investment Fund III A, L.P. | September, 2008 | - | 200,996 | ||||||||||||
India Asset Recovery Fund L.P. | October, 2006 | - | 1,963 | ||||||||||||
J.C. Flowers III L.P. | October, 2009 | 7,020,538 | 1,378,897 | ||||||||||||
LC Fund IV, L.P.(2)(3) | May, 2008 | 7,542,408 | 416,866 | ||||||||||||
New Horizon Capital III, L.P. (2) | March, 2009 | 3,617,394 | 1,477,904 | ||||||||||||
Northstar Equity Partners III (2) | June, 2011 | 3,729,447 | 3,495,925 | ||||||||||||
Orchid Asia IV, L.P. (2) | November, 2007 | 4,866,142 | 6,658,103 | ||||||||||||
Reservoir Capital Partners (Cayman), L.P. | June, 2009 | 1,663,592 | 2,813,523 | ||||||||||||
Tiger Global Private Investment Partners V, L.P. | January, 2008 | 6,176,631 | 6,047,471 | ||||||||||||
Tiger Global Private Investment Partners VI, L.P. | November, 2010 | - | 3,812,997 | ||||||||||||
Trustbridge Partners II, L.P. (2) | December, 2007 | 5,272,760 | 7,329,457 | ||||||||||||
Trustbridge Partners III, L.P. (2)(3) | April, 2009 | 17,692,549 | 12,135,158 | ||||||||||||
Trustbridge Partners IV, L.P.(2) | September, 2011 | - | 17,451,786 | ||||||||||||
Real Estate (1.19% of Partners’ Capital) | |||||||||||||||
Forum European Realty Income III, L.P. | February, 2008 | 4,466,262 | 359,754 | ||||||||||||
Phoenix Asia Real Estate Investments II, L.P. | September, 2007 | 3,650,617 | 3,711,519 | ||||||||||||
Total Cayman Islands | 98,515,210 | 74,588,760 | |||||||||||||
Guernsey | |||||||||||||||
Private Equity (0.00% of Partners’ Capital) | |||||||||||||||
Mid Europa Fund III LP | November, 2007 | 3,749,029 | 5,045 | ||||||||||||
Total Guernsey | 3,749,029 | 5,045 |
United Kingdom | |||||||||||||||
Private Equity (0.06% of Partners’ Capital) | |||||||||||||||
Darwin Private Equity I L.P. | September, 2007 | 6,816,923 | 181,732 | ||||||||||||
Real Estate (0.07% of Partners’ Capital) | |||||||||||||||
Benson Elliot Real Estate Partners II, L.P. | August, 2006 | 1,975,313 | 28,253 | ||||||||||||
Patron Capital, L.P. II | February, 2005 | 674,772 | 11,461 | ||||||||||||
Patron Capital, L.P. III | July, 2007 | 3,296,972 | 212,376 | ||||||||||||
Total United Kingdom | 12,763,980 | 433,822 | |||||||||||||
United States | |||||||||||||||
Energy (16.57% of Partners’ Capital) | |||||||||||||||
ArcLight Energy Partners Fund V, L.P. (2) | December, 2011 | 2,947,164 | 831,543 | ||||||||||||
EnCap Energy Capital Fund VII-B LP (2) | October, 2007 | 7,469,822 | 63,835 | ||||||||||||
EnCap Energy Infrastructure TE Feeder, L.P. (2)(3) | October, 2009 | 5,561,140 | 439,873 | ||||||||||||
Energy & Minerals Group Fund II, L.P. (2) | November, 2011 | 11,275,863 | 13,617,518 | ||||||||||||
Intervale Capital Fund, L.P. | May, 2008 | 6,281,571 | 6,393,093 | ||||||||||||
Merit Energy Partners G, L.P. | September, 2009 | 16,325,961 | 8,012,324 | ||||||||||||
Midstream & Resources Follow-On Fund, L.P. (2)(3) | March, 2010 | 3,459,071 | 3,585,286 | ||||||||||||
NGP Energy Technology Partners II, L.P. (2) | July, 2009 | 4,154,081 | 2,092,677 | ||||||||||||
NGP IX Offshore Fund, L.P. (2) | March, 2008 | 4,181,522 | 248,966 | ||||||||||||
NGP Midstream & Resources, L.P. | October, 2007 | 5,412,496 | 707,142 | ||||||||||||
Quantum Parallel Partners V, LP (3) | October, 2008 | 20,843,172 | 20,613,049 | ||||||||||||
TPF II-A, L.P. (3) | October, 2008 | 6,612,057 | 104,856 | ||||||||||||
Event-Driven (1.74% of Partners’ Capital) | |||||||||||||||
BDCM Partners I, L.P. (3)(6) | January, 2011 | 7,437,015 | 5,317,646 | ||||||||||||
Fortelus Special Situations Fund Ltd. (2)(3)(6) | May, 2010 | - | 9,944 | ||||||||||||
Harbinger Capital Partners Special Situations Fund, L.P. (6) | December, 2006 | 5,080,165 | 67,702 | ||||||||||||
Harbinger Streamline Onshore Fund, L.P. (6) | September, 2021 | 581,264 | 552,938 | ||||||||||||
Private Equity (49.16% of Partners’ Capital) | |||||||||||||||
Advent Latin American Private Equity Fund IV-F L.P. | August, 2007 | 1,095,663 | 583,580 | ||||||||||||
Advent Latin American Private Equity Fund V-F L.P. | May, 2010 | 7,188,082 | 7,366,842 | ||||||||||||
BDCM Opportunity Fund II, L.P. | March, 2006 | 2,800,084 | 779,601 | ||||||||||||
Catterton Growth Partners, L.P. | March, 2008 | 10,514,354 | 3,091,622 | ||||||||||||
Chrysalis Ventures III, L.P. | December, 2006 | 1,136,664 | 510,244 | ||||||||||||
Crosslink Crossover Fund V, L.P. | May, 2007 | 1,723,592 | 547,113 | ||||||||||||
Crosslink Crossover Fund VI, L.P. | March, 2007 | - | 18,399,170 | ||||||||||||
Dace Ventures I, LP (3) | June, 2007 | 1,971,639 | 901,155 | ||||||||||||
Fairhaven Capital Partners, L.P. | March, 2008 | 8,412,789 | 1,962,319 | ||||||||||||
Founders Fund III, LP | May, 2010 | - | 29,669,430 | ||||||||||||
Founders Fund IV, LP | January, 2012 | - | 40,375,287 | ||||||||||||
Garrison Opportunity Fund LLC (3) | February, 2010 | - | 76,566 | ||||||||||||
Garrison Opportunity Fund II A LLC | March, 2011 | - | 4,537,377 | ||||||||||||
HealthCor Partners Fund, L.P. (3) | August, 2007 | 1,579,075 | 3,966,310 | ||||||||||||
MatlinPatterson Global Opportunities Partners III L.P. | July, 2007 | 4,715,825 | 31,131 | ||||||||||||
Middle East North Africa Opportunities Fund, L.P. (3)(6) | July, 2008 | 3,969 | 3,969,272 | 59,259 | |||||||||||
Monomoy Capital Partners II, L.P. (2) | May, 2011 | 5,718,363 | 9,232,290 | ||||||||||||
Pine Brook Capital Partners, L.P. (2) | January, 2008 | 9,532,892 | 1,414,399 | ||||||||||||
Pinto America Growth Fund, L.P. | July, 2006 | - | 1,261,969 | ||||||||||||
Private Equity Investment Fund IV, L.P. (3) | July, 2005 | 3,268,516 | 540,229 | ||||||||||||
Private Equity Investment Fund V, L.P. (3) | April, 2009 | 32,635,067 | 18,497,486 | ||||||||||||
Saints Capital VI, L.P. (3) | April, 2008 | 9,096,894 | 2,207,064 | ||||||||||||
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. | August, 2005 | 1,039,496 | 108,685 | ||||||||||||
Sterling Group Partners III, L.P. | April, 2010 | 3,243,621 | 63,942 | ||||||||||||
Strategic Value Global Opportunities Fund I-A, L.P. | December, 2006 | 157,773 | 1,182,148 | ||||||||||||
Tenaya Capital V, LP | November, 2007 | 346,739 | 623,377 | ||||||||||||
Tenaya Capital VI, LP | July, 2012 | 4,516,706 | 7,467,994 | ||||||||||||
The Column Group, LP | September, 2007 | - | 8,232,281 | ||||||||||||
Trivest Fund IV, L.P.(3) | November, 2007 | 66,650 | 40,601 | ||||||||||||
Tuckerbrook SB Global Distressed Fund I, L.P. (3) | July, 2007 | 434,042 | 1,619,723 | ||||||||||||
Valiant Capital Partners LP (6) | July, 2009 | 2,690,540 | 1,566,198 | ||||||||||||
Voyager Capital Fund III, L.P. | May, 2007 | 1,532,853 | 434,875 | ||||||||||||
Real Estate (7.30% of Partners’ Capital) | |||||||||||||||
Cypress Realty VI Limited Partnership | June, 2007 | 829,119 | 61,624 | ||||||||||||
GTIS Brazil Real Estate Fund (Brazilian Real) LP (3) | July, 2008 | 9,573,524 | 7,169,096 |
Lone Star Real Estate Fund II (U.S.), L.P. | June, 2011 | - | 14,143 | ||||||||||||
Monsoon Infrastructure & Realty Co-Invest, L.P. (3) | February, 2008 | 9,542,106 | 7,163,827 | ||||||||||||
Northwood Real Estate Co-Investors LP (2) | April, 2008 | 1,824,572 | 2,610,786 | ||||||||||||
Northwood Real Estate Partners LP (2) | April, 2008 | 6,039,807 | 7,474,973 | ||||||||||||
SBC US Fund II, LP (3) | June, 2011 | 4,302,697 | 366,249 | ||||||||||||
Square Mile Partners III LP | April, 2008 | 3,709,702 | 117,188 | ||||||||||||
Relative Value (0.16% of Partners’ Capital) | |||||||||||||||
King Street Capital, L.P. (2)(6) | November, 2009 | 29,198 | 254,496 | ||||||||||||
Magnetar Capital Fund LP (3)(6) | February, 2009 | - | 244,713 | ||||||||||||
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 (2)(6) | July, 2010 | - | 60,391 | ||||||||||||
Total United States | 297,870,995 | 256,417,737 | |||||||||||||
Total Limited Partnerships, Exempted Limited Partnerships and Limited Liability Companies | 412,899,214 | 331,445,364 | 96.85% | ||||||||||||
Total Investments in Investment Funds(7) | 412,899,214 | 331,445,364 | 96.85% | ||||||||||||
Total Investments | $ | 412,899,214 | $ | 331,445,364 | 96.85% |
The Master Fund’s total outstanding capital commitments to Investment Funds as of June 30, 2022 were $41,136,033. 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 June 30, 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 June 30, 2022 was $53,133,653 and $8,133,287, respectively. |
(7) | Restricted investments as to resale. |