| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Cody Resource LP | AT COST | 802,481 | 1,581,246 |
| Abbott Capital Partners | AT COST | 5,979,655 | 6,358,986 |
| Adams Street Partners | AT COST | 2,216,693 | 1,849,641 |
| Commonfund Capital Private Equity Fund VII | AT COST | 766,018 | 2,252,483 |
| Commonfund Capital Natural Resources VIII | AT COST | 2,890,981 | 1,504,621 |
| Commonfund Capital International VI | AT COST | 714,481 | 565,269 |
| Commonfund Capital Venture Partners VIII | AT COST | 1 | 1,461,221 |
| Commonfund Natural Resources VII | AT COST | 1,015,702 | 605,904 |
| Commonfund Capital Natural Resources IX | AT COST | 3,040,787 | 3,295,728 |
| Commonfund Capital Venture Partners IX | AT COST | 1 | 4,713,654 |
| Aberdeen Venture Offshore Partners VI | AT COST | 4,061,167 | 2,390,850 |
| Aberdeen Private Offshore Equity III | AT COST | 1,812,198 | 1,047,112 |
| Aberdeen International Offshore Partners | AT COST | 2,376,058 | 1,587,138 |
| Mesirow Private Equity Partnership | AT COST | 2,129,813 | 1,874,559 |
| Blackrock Hedge Fund | AT COST | 30,369,960 | 47,806,824 |
| Siguler Guff Distressed Opportunities Fund III | AT COST | 359,878 | 928,301 |
| Siguler Guff Distressed Opportunities Fund IV | AT COST | 922,095 | 1,010,777 |
| Siguler Guff Real Estate II | AT COST | 2,654,292 | 3,264,833 |
| Siguler Guff Small Buyout II | AT COST | 2,828,412 | 3,605,972 |
| Siguler Guff Small Buyout III | AT COST | 10,136,714 | 16,788,302 |
| Siguler Guff small Buyout IV | AT COST | 1,349,701 | 1,543,393 |
| Sanders Capital Management | AT COST | 60,488,837 | 104,419,899 |
| Northgate Venture Partners VI | AT COST | 1,784,629 | 5,514,127 |
| Axiom Emerging Markets | AT COST | 16,761,593 | 30,953,782 |
| Marathon European Cr. Opp. II | AT COST | 3,520,000 | 797,721 |
| SVSS Feeder Fund III | AT COST | 1,631,346 | 4,279,099 |
| Colorado Impact fund | AT COST | 2,191,956 | 2,165,275 |
| JLL Partners Fund VII | AT COST | 3,935,337 | 5,909,400 |
| Accolade Partners V | AT COST | 1,767,900 | 4,685,562 |
| Horsley Bridge XI Venture Fund | AT COST | 5,037,178 | 8,321,073 |
| Horsley Bridge XII Venture Fund | AT COST | 6,203,159 | 7,644,991 |
| Horsley Bridge XIII Venture fund | AT COST | 1,879,906 | 1,839,546 |
| Veritas Capital Fund VI | AT COST | 5,864,691 | 11,587,742 |
| Monarch Capital Partners Offshore IV | AT COST | 5,391,959 | 6,530,702 |
| William Blair DFS | AT COST | 19,534,774 | 26,132,067 |
| Longleaf Partners FDS | AT COST | 22,349,582 | 19,931,234 |
| Reach II | AT COST | 535,121 | 794,035 |
| Lyme Forest Fund V | AT COST | 1,781,962 | 1,655,019 |
| Tailwind Capital Partners III | AT COST | 2,965,117 | 2,633,549 |
| Blackhorn Ventures Ind Impact | AT COST | 1,545,497 | 1,613,486 |
| Lyme Conservation Opportunity Fund | AT COST | 230,876 | 231,431 |
| Greater Colorado Venture Cap Fund | AT COST | 230,146 | 232,138 |
| PGIM Real Estate US IVP | AT COST | 1,601,648 | 1,512,580 |
| AEA Investors Fund VII | AT COST | 951,854 | 930,584 |
| Rose Affordable Housing PF V RE | AT COST | 578,521 | 546,452 |
| Beartooth Capital III | AT COST | 197,823 | 202,159 |
| Veritas Capital VII | AT COST | 1,383,519 | 1,287,825 |
| CU Healthcare Innovation Fund LP | AT COST | 232,820 | 224,114 |
| Colorado Impact Bridge Fund | AT COST | 106,538 | 101,385 |
| Varde Dislocation Fund | AT COST | 893,949 | 1,164,607 |
| Avesta Prologue Portfolio | AT COST | 110,000 | 110,000 |
| Owl Ventures IV | AT COST | 540,000 | 540,000 |
| Monarch Capital Partners Offshore V | AT COST | 1,500,000 | 1,897,565 |