Zero-Registration Public Source Trail · CAFR / Board Packet ← Back to Houston Municipal (HMEPS) Profile

Houston Municipal (HMEPS) → Valor M33 III, LP

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on Houston Municipal (HMEPS)’s profile — accessible without registration.

Institutional Allocator

Houston Municipal (HMEPS)

Public Pension Plan · Hub: Texas

Recorded Commitment Amount

$119.5M

Historical commitment · As of December 2025

$119,500,000 USD (raw: 119500000.0)

Strategy & Vintage

Private Equity

2025 Vintage

Cited Archive Anchor

pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf#page=63

PDF p.63/153 · Printed p.57

Fee Schedule Cited · Commitment & Multiples Not on Cited Table

Open Cited Filing (hmeps.org) Single-Page Excerpt (PDF p.63) Full-Res Image (PDF p.63)

Table-Semantics Notice · Mixed Field-Level Provenance

Mixed Provenance — Fee Table Excerpt Does Not Substantiate Commitment / Performance Fields

The archived PDF excerpt below (pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf, PDF Viewer Page 63 of 153 · Printed Page 57) is titled “SCHEDULE 9:” (reported in exact_or_unspecified USD). It corroborates Houston Municipal (HMEPS)’s participation and fee/profit-sharing line items for Valor M33 III, LP, but does NOT substantiate the commitment amount ($119.5M), fund vintage (2025), or TVPI/DPI figures. See the Field-Level Provenance table below for each field’s distinct source attribution.

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-12-31

Record Field	Recorded Value	Value Type	Substantiation Status	Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle	Valor M33 III, LP	Reported	Page Anchor Mismatch	pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf (PDF Page 63 of 153 · Printed Page 57) Fund name was NOT found on cited PDF Page 63 (Printed Page 57) of 'pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf'. Citation likely anchors a cover/summary page rather than the exact holdings schedule page.
Disclosed Commitment Amount	$119.5M (raw: 119500000.0)	Missing / Unverified	Wrong Table Cited (Fee Schedule)	pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf (PDF Page 63 of 153 · Printed Page 57) Cited PDF page is a management-fees/expenses schedule and does not contain a Commitment column.
Fund Vintage Year	2025	Reported	Not Yet Page-Verified	pdf_archive/Houston_Municipal_HMEPS/HMEPS_FY2024_ACFR.pdf (PDF Page 63 of 153 · Printed Page 57) Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed Net IRR is not disclosed for this record (never defaulted to 0 or 1.00x).
TVPI / Net Multiple	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed TVPI / Net Multiple is not disclosed for this record (never defaulted to 0 or 1.00x).
DPI (Realized Multiple)	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed DPI (Realized Multiple) is not disclosed for this record (never defaulted to 0 or 1.00x).

Archived Filing Excerpt — PDF Page 63 of 153 (Printed Page 57)

Table Class: Fees And Profit Sharing

Archived file HMEPS_FY2024_ACFR.pdf · Detected Table Title: SCHEDULE 9: · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF

Detected Table Columns: Headers not parsed automatically — inspect full page image below

Row Match Notice: Target fund name was not matched on this cited PDF page index.

Archived File Integrity Checksum (SHA-256): 94722c4836d44083…8b1bad8288a3 — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.

Archived filing excerpt from HMEPS_FY2024_ACFR.pdf, PDF viewer page 63 (printed page 57), highlighting row for Valor M33 III, LP

All 5 Open Public Source Trails for Houston Municipal (HMEPS)

Click any preview record below to inspect its primary source trail without registration

Open Trail #1 of 5 CAFR / Board Packet · PDF p.6

Summit Partners Growth Equity Fund IX-A, LP

Growth Equity · 2017 $63.2M (Holding)

Open Trail #2 of 5 CAFR / Board Packet · PDF p.63

Valor M33 III, LP

Private Equity · 2025 $119.5M

Open Trail #3 of 5 CAFR / Board Packet · PDF p.70

Cliffwater Direct Lending & Absolute Return Advisory Portfolio

Private Credit · 2025 $85.0M (Holding)

Open Trail #4 of 5 CAFR / Board Packet · PDF p.70

Pugh Capital Management Core Fixed Income Mandate

Private Credit · 2025 $75.0M (Holding)

Open Trail #5 of 5 CAFR / Board Packet · PDF p.63

AG Direct Lending Fund IV, LP

Private Credit · 2025 $68.4M

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