Fund · Vintage 2020

Allegis NL Capital

Multi-stage venture fund (2020 vintage). Quarterly fair-value marks and portfolio detail as of Q1 2026.

Total Commitments

$101.0M

Committed capital · 02-Funds

% Called

85.5%

$86.3M of $101.0M · 20 calls

Net IRR

-3.1%

04b · as of 3/31/26

Net MOIC

0.88x

04b · as of 3/31/26

Fund Returns Over Time

Net MOIC by Quarter

Quarter	Net MOIC	Net IRR
Q1’23	1.21x	10.2%
Q2’23	1.20x	8.6%
Q3’23	1.12x	5.3%
Q4’23	1.10x	4.1%
Q1’24	1.08x	3.4%
Q2’24	1.08x	2.8%
Q3’24	1.06x	2.1%
Q4’24	0.90x	-3.6%
Q1’25	0.89x	-3.6%
Q2’25	0.92x	-2.3%
Q3’25	0.91x	-2.4%
Q4’25	0.87x	-3.6%
Q1’26	0.88x	-3.1%

Net of fees, expenses and carry, per Allegis Fund Admin 04b-Fund Metrics.

Portfolio Companies

Company	First Invest	At Entry		Current		Gross MOIC	Allegis %	Website
Company	First Invest	EV ($M)	Cost	EV ($M)	Fair Value	Gross MOIC	Allegis %	Website
Kin Insurance	2020-06	$166.6M	$8,999,858	$1963.7M	$20,723,886	2.30x	1.5%	link
Bloom Credit	2020-10	$45.0M	$10,142,247	$70.0M	$11,592,247	1.14x	33.4%	link
Ledger Investing	2020-08	$50.3M	$8,999,998	$100.0M	$9,000,000	1.00x	9.0%	link
Astra	2021-06	$34.0M	$2,000,000	$48.0M	$6,461,360	3.23x	4.5%	link
Revver	2015-04	$65.7M	$3,000,000	$82.5M	$3,993,898	1.33x	30.6%	link
Pivot Health Technologies	2020-06	$39.7M	$8,517,742	$40.0M	$3,797,649	0.45x	9.6%	link
Vouch	2021-01	$1127.7M	$5,493,378	$312.5M	$3,796,822	0.69x	4.8%	link
Eve Financial	2021-06	$20.0M	$4,000,022	$10.0M	$3,421,115	0.86x	31.2%	link
Rainforest QA	2022-11	$30.8M	$3,000,000	$21.4M	$3,000,000	1.00x	9.7%	link
Ryse	2021-02	$0.0M	$7,235,923	$15.0M	$2,977,029	0.41x	21.7%	link
Somatus	2020-12	—	$3,295,327	$4000.0M	$2,419,822	0.73x	0.1%	link
Unqork	2020-09	$2239.3M	$1,999,792	$2000.0M	$1,999,792	1.00x	0.1%	link
Huma Therapeutics	2021-04	$890.9M	$1,508,400	$711.3M	$1,508,400	1.00x	0.2%	link
NeoCybernetica	2022-11	$100.0M	$1,072,155	—	$1,070,155	1.00x	—	link
Brite Benefits	2021-09	$11.5M	$150,000	$24.2M	$193,756	1.29x	0.9%	link
Clearcover	2021-04	$621.4M	$1,099,997	$252.2M	$121,804	0.11x	0.0%	link
Sawa Credit	2022-01	—	$500,000	—	$2	0.00x	—	—
Total · 17 companies			$71,014,838		$76,077,737	1.07x

Cost, Fair Value and Gross MOIC are NL-I-specific (this fund's own position), per Allegis Fund Admin (Rpt-Fund Gross Metrics, 3/31/2026). Entry / Current EV and Allegis % are company-level (consistent across funds; firm-wide fully-diluted ownership). “n/m” = held via warrant/transfer at nominal cost. Websites per 09-Portfolio Companies.