PSG Europe II, L.P

Fundmanaged by PSG Equity L.L.C.
Vintage
2023
Active deploymentFundraising status unknownother manager vehicleOutside venture scope

A non-venture vehicle outside venture scope, shown because its manager is on the venture graph.

More
As of · the latest observation of this vehicle; each figure below carries its own filing date

What matters now

  1. 3 LP reports
    public disclosures

    3 public LP reports name this vehicle; the latest, California Public Employees' Retirement System as of 31 Dec 2025, shows $114M committed and net IRR 31.6%, 1.20x (the LP's own figures).

    A named LP and its own performance figures are the strongest outside read on a fund.

    FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
Amounts, each with its basis
Vintage
2023basis: lp reported
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
unknownwhat may be sold, not what was raised
Form D sold
unknown
First sale
unknown
Reported GAV
unknown
Owners (ADV)
unknown
Reported on ADV
unknown
Fundraising evidence
Unknown
no Form D or close on record (fr-1)
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 3first sale: n/avintage year: 2023adv gav as of: n/avintage basis: LP reportedform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
none named
No auditor, administrator, custodian or placement agent is named for this vehicle on a filing DFX holds.
Limited partners and their reported performance
3 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Washington State Investment Board sib.wa.gov2023$200M$124M$38.7M$115M32.8%1.2xDec 31, 2025
California Public Employees' Retirement System calpers.ca.gov2023$114M$70.8M$21.6M$65.6M31.6%1.2xDec 31, 2025
New York State Common Retirement Fund osc.ny.gov2023Not disclosedNot disclosedNot disclosedNot disclosednot meaningful yetunknownJun 30, 2023
Known LPs and allocators
3 relationships, public pensions and the allocator graph, each counted once
AllocatorTypeAmountDateSource
Washington State Investment BoardPUBLIC INSTITUTIONAL POOL$200M
committed
committed Dec 13, 2023Fact Pension disclosure
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEM$114M
committed
reported as of Dec 31, 2025Fact Pension disclosure
New York State Common Retirement FundPUBLIC INSTITUTIONAL POOL
amount not disclosed
committed Jun 30, 2023Fact Pension disclosure
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
  1. Dec 31, 2025
    WSIB reports PSG Europe II L.P.: $200,074,117 committed, vintage 2023, net IRR 32.8%, 1.2x
    LP commitment disclosed Fact Pension disclosure
  2. Dec 31, 2025
    CalPERS reports PSG Europe II L.P.: $113,740,118 committed, vintage 2023, net IRR 31.6%, 1.2x
    LP commitment disclosed Fact Pension disclosure
  3. Jun 30, 2023
    NYSCRF commits €100,000,000 to PSG Europe II, L.P. (PSG Equity LLC), closed 2023-06-30, existing relationship
    LP commitment closed Fact Pension disclosure
Evidence
1 observation
Every observation on this vehicle

Relationships across DFX

on 1 other DFX graph · 6 capital paths
Across the graphs

PSG Europe II, L.P is the same institution as 1 record in Allocators.

Allocators1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

PSG Europe II, L.P sits on 6 traced paths of capital across the graphs.

Allocator to VC fund to manager to company

DFX traced 6 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

3 dated events on the change ledger, latest event first
  • LP commitment disclosed
    2025-12-31source on record
  • LP commitment disclosed
    2025-12-31source on record
  • LP commitment made
    2023-06-30source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.