Resolves per Preqin at fund liquidation. Market close may be extended to accommodate the ultimate fund term. The final % answer will be multiplied by 100 for purposes of this market.

Genstar Capital XI is a 2022 vintage, closed-end buyout fund that invests in financial services, software, industrial technology, and healthcare industries across the US.

As of market creation, Preqin lists the Net IRRs of previous Genstar funds as follows:

• Genstar X = n/a

• Genstar IX = 39.9%

• Genstar VIII = 32.2%

• Genstar VII = 33.6%

• Genstar VI = 36.5%

• Genstar V = 15.7%

• Genstar IV = 8.3%

• Genstar III = 28.1%

• Genstar II = 54.1%

• Genstar I = n/a