Lakeshore II
Lakeshore II
Total Invested
$2,500,000
S
FMV
$2,080,000
as of Sep 30, 2026
S
Unrealized P&L
$-420,000
C
Lifetime ROI
66.0%
C
Capital Stack Breakdown
| Component | Amount | Tag |
|---|---|---|
| Initial Investment Components | ||
| Initial Cash | $2,500,000 | S |
| = Initial Investment | $2,500,000 | C |
| Capital Activity | ||
| = Total Invested Capital | $2,500,000 | C |
| Hale Share (100.0%) | $2,500,000 | C |
Scope
One investment row (#1023) — no sibling rows carry this deal name.
Workbook ledger through Oct 1, 2026, QBO after it.
Only postings in a distribution or capital-deployment account appear; ordinary GL activity does not.
Contributions
$-2,500,000
4 postings · capital contribution + loan
Distributions
$1,649,482
operations + capital + synd
Cash In / Out
$1,649,482 / $-2,500,000
by sign, ignoring the bucket
Net
$-850,518
22 postings
✓ Foots to the Total Returns KPI — the rows below add to
$1,649,482. Both figures count the same postings, so this
checks the itemisation —
nothing dropped, nothing counted twice — not the figure itself.
| Date | Ledger | Bucket | Category | Type | Num | Payee | Memo | Class | Entity | Inv # | Amount |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 07/20/2026 | Workbook | Capital | Distribution - Capital | Deposit | 83757 | Lakeshore Partners | Q2 2026 realised proceeds | NWLP | Northwind Family LP | 1023 | $117,268 |
| 07/20/2026 | Workbook | Operations | Distribution - Regular | Deposit | 36772 | Lakeshore Partners | Q2 2026 income | NWLP | Northwind Family LP | 1023 | $22,242 |
| 04/20/2026 | Workbook | Capital | Distribution - Capital | Deposit | 86406 | Lakeshore Partners | Q1 2026 realised proceeds | NWLP | Northwind Family LP | 1023 | $196,954 |
| 04/20/2026 | Workbook | Operations | Distribution - Regular | Deposit | 73320 | Lakeshore Partners | Q1 2026 income | NWLP | Northwind Family LP | 1023 | $24,379 |
| 01/20/2026 | Workbook | Capital | Distribution - Capital | Deposit | 90785 | Lakeshore Partners | Q4 2025 realised proceeds | NWLP | Northwind Family LP | 1023 | $169,685 |
| 01/20/2026 | Workbook | Operations | Distribution - Regular | Deposit | 79863 | Lakeshore Partners | Q4 2025 income | NWLP | Northwind Family LP | 1023 | $36,566 |
| 10/20/2025 | Workbook | Capital | Distribution - Capital | Deposit | 27219 | Lakeshore Partners | Q3 2025 realised proceeds | NWLP | Northwind Family LP | 1023 | $107,198 |
| 10/20/2025 | Workbook | Operations | Distribution - Regular | Deposit | 86081 | Lakeshore Partners | Q3 2025 income | NWLP | Northwind Family LP | 1023 | $34,805 |
| 07/20/2025 | Workbook | Capital | Distribution - Capital | Deposit | 97285 | Lakeshore Partners | Q2 2025 realised proceeds | NWLP | Northwind Family LP | 1023 | $93,178 |
| 07/20/2025 | Workbook | Operations | Distribution - Regular | Deposit | 10841 | Lakeshore Partners | Q2 2025 income | NWLP | Northwind Family LP | 1023 | $24,759 |
| 04/20/2025 | Workbook | Capital | Distribution - Capital | Deposit | 44562 | Lakeshore Partners | Q1 2025 realised proceeds | NWLP | Northwind Family LP | 1023 | $206,117 |
| 04/20/2025 | Workbook | Operations | Distribution - Regular | Deposit | 14240 | Lakeshore Partners | Q1 2025 income | NWLP | Northwind Family LP | 1023 | $33,207 |
| 01/20/2025 | Workbook | Capital | Distribution - Capital | Deposit | 84144 | Lakeshore Partners | Q4 2024 realised proceeds | NWLP | Northwind Family LP | 1023 | $222,659 |
| 01/20/2025 | Workbook | Operations | Distribution - Regular | Deposit | 86484 | Lakeshore Partners | Q4 2024 income | NWLP | Northwind Family LP | 1023 | $29,841 |
| 10/20/2024 | Workbook | Capital | Distribution - Capital | Deposit | 86139 | Lakeshore Partners | Q3 2024 realised proceeds | NWLP | Northwind Family LP | 1023 | $165,754 |
| 10/20/2024 | Workbook | Operations | Distribution - Regular | Deposit | 58068 | Lakeshore Partners | Q3 2024 income | NWLP | Northwind Family LP | 1023 | $31,530 |
| 07/20/2024 | Workbook | Capital | Distribution - Capital | Deposit | 20737 | Lakeshore Partners | Q2 2024 realised proceeds | NWLP | Northwind Family LP | 1023 | $103,354 |
| 07/20/2024 | Workbook | Operations | Distribution - Regular | Deposit | 36169 | Lakeshore Partners | Q2 2024 income | NWLP | Northwind Family LP | 1023 | $29,986 |
| 07/12/2019 | Workbook | Investments | Capital Contribution | Check | 29348 | Lakeshore Partners | Capital call No. 4 | NWLP | Northwind Family LP | 1023 | $-458,333 |
| 02/12/2019 | Workbook | Investments | Capital Contribution | Check | 53983 | Lakeshore Partners | Capital call No. 3 | NWLP | Northwind Family LP | 1023 | $-458,333 |
| 09/12/2018 | Workbook | Investments | Capital Contribution | Check | 29069 | Lakeshore Partners | Capital call No. 2 | NWLP | Northwind Family LP | 1023 | $-458,333 |
| 04/12/2018 | Workbook | Investments | Capital Contribution | Check | 22099 | Lakeshore Partners | Initial capital call | NWLP | Northwind Family LP | 1023 | $-1,125,000 |
| Total (22 postings) | $-850,518 | ||||||||||
Ownership Metrics
| % of Deal Owned by Legal Entity | 100.0% |
| Ownership % per OA | 100.0% |
| Best Available Ownership % | 100.0% |
| Effective Deal Ownership % | 100.0% |
| % of Investor Owned by Hale | 100.0% |
| % of Deal Owned by Hale | 100.0% |
Entity Chain (1 tiers)
Tier 1
Northwind Family LP
Ownership
100.0%
⏳ Pending — manager-announced, not yet posted in QB
$140,000 across 1
| Pay date | Category | Amount | Method | Recipient | Memo | Status |
|---|---|---|---|---|---|---|
| 2026-11-09 | Distribution - Capital Q4 2026 distribution |
$140,000 | Wire | Northwind Family LP | Per manager notice of 2026-10-09 | announced |
Confirmed returns (QB)
$1,649,482
Pending (announced)
+$140,000
Total incl. pending
$1,789,482
ROI incl. pending
71.6%
Pending amounts count toward returns now and flip to confirmed automatically once the matching cash posts in QB. Manage in the Distribution Tracker →
Total Returns
$1,649,482
+$140,000 pending
click for detail
Capital
$1,382,166
click for detail
Operations
$267,316
click for detail
ROI
66.0%
71.6% incl. pending
click for detail
Ann. ROI
6.1%
6.6% incl. pending
click for detail
IRR
5.2%
5.6% incl. pending
click for detail
Eq. Multiple
1.66x
1.72x incl. pending
click for detail
# Distributions
18
+1 pending
click for detail
Total Returns — Backup Calculation
| Capital Returns | $1,382,166 |
| Operations Returns | $267,316 |
| = Total Returns (Capital + Operations) | $1,649,482 |
Sum of all Capital-type and Operations-type distributions received.
Capital Returns — Backup
| 07/20/2026 | $117,268 |
| 04/20/2026 | $196,954 |
| 01/20/2026 | $169,685 |
| 10/20/2025 | $107,198 |
| 07/20/2025 | $93,178 |
| 04/20/2025 | $206,117 |
| 01/20/2025 | $222,659 |
| 10/20/2024 | $165,754 |
| 07/20/2024 | $103,354 |
| = Total Capital Returns | $1,382,166 |
Loan repayments, return of capital, sale proceeds.
Operations Returns — Backup
| 07/20/2026 | $22,242 |
| 04/20/2026 | $24,379 |
| 01/20/2026 | $36,566 |
| 10/20/2025 | $34,805 |
| 07/20/2025 | $24,759 |
| 04/20/2025 | $33,207 |
| 01/20/2025 | $29,841 |
| 10/20/2024 | $31,530 |
| 07/20/2024 | $29,986 |
| = Total Operations Returns | $267,316 |
Income distributions, interest, dividends.
ROI — Backup Calculation
| Total Returns | $1,649,482 |
| Invested Basis | $2,500,000 |
| = Lifetime ROI | 66.0% |
Formula: Total Returns ÷ Invested Basis
Branch taken: Denominator is the imported Excel value (col 85, xlsx_total_invested_capital), not the component sum.
Returns as a share of capital at risk. This is a simple ratio, not time-weighted — see IRR for the time-weighted view.
Source:
services/distribution_service.py → compute_roi()
Annualized ROI — Backup Calculation
| Lifetime ROI | 66.0% |
| Holding Period | 8.50 yrs |
| = Annualized ROI | 6.1% |
Formula: (1 + Lifetime ROI) ^ (1 ÷ Holding Period) − 1
Compound annual rate, not ROI ÷ years. A total loss annualises to −100% however long it was held; a growth factor below zero has no real root, so the metric is left blank rather than shown as a complex number.
Source:
services/distribution_service.py → compute_annualized_roi()
IRR (XIRR) — Backup Calculation
| Initial Investment (04/12/2018) | -$2,500,000 |
| Capital — 07/20/2026 | $117,268 |
| Operations — 07/20/2026 | $22,242 |
| Capital — 04/20/2026 | $196,954 |
| Operations — 04/20/2026 | $24,379 |
| Capital — 01/20/2026 | $169,685 |
| Operations — 01/20/2026 | $36,566 |
| Capital — 10/20/2025 | $107,198 |
| Operations — 10/20/2025 | $34,805 |
| Capital — 07/20/2025 | $93,178 |
| Operations — 07/20/2025 | $24,759 |
| Capital — 04/20/2025 | $206,117 |
| Operations — 04/20/2025 | $33,207 |
| Capital — 01/20/2025 | $222,659 |
| Operations — 01/20/2025 | $29,841 |
| Capital — 10/20/2024 | $165,754 |
| Operations — 10/20/2024 | $31,530 |
| Capital — 07/20/2024 | $103,354 |
| Operations — 07/20/2024 | $29,986 |
| Terminal Value (FMV or Invested, today) | $2,080,000 |
| = XIRR | 5.2% |
XIRR computed using mid-month (15th) assumption for distribution dates. Red = outflows, green = inflows.
Equity Multiple — Backup Calculation
| Total Returns | $1,649,482 |
| Initial Investment | $2,500,000 |
| = Equity Multiple | 1.66x |
Formula: (Total Returns + Initial Investment) ÷ Initial Investment
Note the denominator is INITIAL investment, not the invested basis ROI uses — the two metrics deliberately divide by different figures, so they will not reconcile to each other on rows where the two differ.
Source:
services/distribution_service.py → compute_equity_multiple()
Distribution Count — Breakdown
| Capital Distributions | 9 |
| Operations Distributions | 9 |
| Other | 0 |
| = Total Count | 18 |
| Avg per Distribution | $91,638 |
Cumulative Distributions Over Time
Distribution Summary by Date Received
| Year | Month | # Distributions | Total Amount | Types |
|---|---|---|---|---|
| 2026 | 7 | $707,093 (incl. $140,000 pending) | ||
| Nov 2026 | 1 | $140,000 | Distribution - Capital · pending (not yet cleared) | |
| Jul 2026 | 2 | $139,510 | Capital, Operations | |
| Apr 2026 | 2 | $221,333 | Capital, Operations | |
| Jan 2026 | 2 | $206,251 | Capital, Operations | |
| 2025 | 8 | $751,766 | ||
| Oct 2025 | 2 | $142,003 | Capital, Operations | |
| Jul 2025 | 2 | $117,938 | Capital, Operations | |
| Apr 2025 | 2 | $239,324 | Capital, Operations | |
| Jan 2025 | 2 | $252,501 | Capital, Operations | |
| 2024 | 4 | $330,623 | ||
| Oct 2024 | 2 | $197,284 | Capital, Operations | |
| Jul 2024 | 2 | $133,340 | Capital, Operations | |
| TOTAL | 19 | $1,789,482 (incl. $140,000 pending) | ||
Complete Distribution History
| Date Received | Period | Type | Amount | Notes |
|---|---|---|---|---|
| 11/09/2026 | 2026-11 | Distribution - Capital · pending | $140,000 | Per manager notice of 2026-10-09 — announced, not yet cleared |
| 07/20/2026 | 2026-07 | Capital | $117,268 | |
| 07/20/2026 | 2026-07 | Operations | $22,242 | |
| 04/20/2026 | 2026-04 | Capital | $196,954 | |
| 04/20/2026 | 2026-04 | Operations | $24,379 | |
| 01/20/2026 | 2026-01 | Capital | $169,685 | |
| 01/20/2026 | 2026-01 | Operations | $36,566 | |
| 10/20/2025 | 2025-10 | Capital | $107,198 | |
| 10/20/2025 | 2025-10 | Operations | $34,805 | |
| 07/20/2025 | 2025-07 | Capital | $93,178 | |
| 07/20/2025 | 2025-07 | Operations | $24,759 | |
| 04/20/2025 | 2025-04 | Capital | $206,117 | |
| 04/20/2025 | 2025-04 | Operations | $33,207 | |
| 01/20/2025 | 2025-01 | Capital | $222,659 | |
| 01/20/2025 | 2025-01 | Operations | $29,841 | |
| 10/20/2024 | 2024-10 | Capital | $165,754 | |
| 10/20/2024 | 2024-10 | Operations | $31,530 | |
| 07/20/2024 | 2024-07 | Capital | $103,354 | |
| 07/20/2024 | 2024-07 | Operations | $29,986 | |
| TOTAL | $1,789,482 (incl. $140,000 pending) | |||
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| Historic snapshots, last written Sep 30, 2026 — not the live figures shown above. Some early rows carry values that were never right; they are kept as a record of what was reported at the time. | |||||
| 09/30/2026 | $1,649,482 | 66.0% | 6.1% | 4.8% | 1.49x |
Sections
39/64
answered · 60.9%
Deal Info
22/23 answered
| DEAL ID | 19/20 | |
| Investment # (column) | 1,023 | |
| Date of Investment (column) | 4/12/2018 | |
| Holding Period (Years) (formula) | 8.4986 | |
| Name of Investment (column) | Lakeshore II | |
| Legal Name of Investment (column) | Lakeshore Opportunity Fund II LP | |
| Asset Type (column) | Private Equity | |
| Asset Sub-Type (column) | Fund | |
| City (column) | Chicago | |
| State (column) | IL | |
| ZIP | 60606 | source ↗ confirmed |
| Geography | United States | source ↗ confirmed |
| Investing Entity (column) | Northwind Family LP | |
| Role (GP / LP) (column) | LP | |
| Partners | Lakeshore Opportunity GP II LLC (general partner); 41 limited partners | source ↗ confirmed |
| Entity that Owns the Deal (column) | Northwind Family LP | |
| Ownership % (column) | 100.00% | |
| Initial Investment (column) | 2,500,000 | |
| Total Invested Capital (formula) | 2,500,000 | |
| MH / AK Code (column) | — | |
| Deal Manager (column) | Investor Services | |
| Investment Info (ALL) | 3/3 | |
| Strategy / Thesis (column) | ||
| Current Stage (column) | ||
| Projected Returns | 1.4x net (GP's June 2026 forecast) | source ↗ overridden |
PE / VC
6/16 answered
| PE / VC | 6/16 | |
| Valuation Method | — | |
| Valuation As-Of Date | — | |
| Valuation Perspective | — | |
| Company / Fund Value | Fund NAV $214M (Jun 30, 2026) | source confirmed |
| Ownership % (Fully Diluted) | — | |
| Committed Capital | $2,500,000 | source ↗ confirmed |
| Called to Date | — | |
| Unfunded Commitment (formula) | — | |
| Latest Capital Statement | — | |
| Round / Stage | Fund II - final close Apr 2018 ($380M) | source ↗ confirmed |
| Lead Investor / Sponsor | Lakeshore Capital Partners (sponsor) | source ↗ confirmed |
| Security Type | Limited partnership interest | source ↗ confirmed |
| Liquidation Preference (document) | — | |
| Pro-Rata / Follow-On Rights (document) | — | |
| Board / Observer Rights | Annual meeting | source ↗ confirmed |
| Reporting Cadence | — |
Tax
4/5 answered
| Tax | 4/5 | |
| Initial Tax Year Expected (formula) | 2,018 | |
| Tax Document Expected (column) | K-1 | |
| Tax Preparer (column) | Lakeside CPA Group | |
| Contact for K1 (column) | Investor Services | |
| FEIN / Account # (column) | — |
Legal
5/6 answered
Reporting & Docs
2/14 answered
| FS / Document Filing / Reporting | 2/14 | |
| OA | On file | source ↗ confirmed |
| Loan Docs (loan) - tbd if separate (document) | — | |
| Closing Statement (RE) (document) | — | |
| OM | On file | source ↗ confirmed |
| UW (document) | — | |
| General Reporting Frequency | — | |
| Accounting Basis (Cash, Accrual) | — | |
| P&L Frequency | — | |
| Balance Sheet Frequency | — | |
| Collections Report Frequency | — | |
| Rent Roll Frquency | — | |
| GL Frequency | — | |
| Investor Report Frequency | — | |
| Capital Account Frequency | — |
Capital Summary
Initial Investment
$2,500,000
S
Committed
$2,500,000
S
Current Cash
—
S
Total Invested
$2,500,000
C
Entities
Entity Owning Deal
Northwind Family LP
Investing Entity
Northwind Family LP
Tax Reporting Entity
Northwind Family LP
Quick Links
Distributions
Performance
Tax Docs
No property details available
Total Returns
$1,649,482
C
Capital
$1,382,166
C
Operations
$267,316
C
Lifetime ROI
66.0%
C
Annualized ROI
6.1%
C
IRR
5.2%
C
Equity Multiple
1.66x
C
# Distributions
18
Total Returns — Backup Calculation
| Capital Returns | $1,382,166 |
| Operations Returns | $267,316 |
| Total Returns | $1,649,482 |
Sum of all Capital + Operations distribution records for this investment.
Capital Returns — Backup Calculation
Sum of all distribution records where type = "Capital".
$1,382,166
Operations Returns — Backup Calculation
Sum of all distribution records where type = "Operations".
$267,316
Lifetime ROI — Backup Calculation
| Total Returns (numerator) | $1,649,482 |
| Total Invested Capital (denominator) | $2,500,000 |
| ROI = Returns / Invested | 66.0% |
Formula: Total Distributions / Total Invested Capital × 100
Annualized ROI — Backup Calculation
| Lifetime ROI | 66.0% |
| Investment Date | 04/12/2018 |
| Years Held | 8.5 yrs |
| Annualized ROI | 6.1% |
Formula: Lifetime ROI / Years Held
IRR — Backup Calculation
| Initial Investment (outflow) | -$2,500,000 |
| 07/20/2026 — Capital | $117,268 |
| 07/20/2026 — Operations | $22,242 |
| 04/20/2026 — Capital | $196,954 |
| 04/20/2026 — Operations | $24,379 |
| 01/20/2026 — Capital | $169,685 |
| 01/20/2026 — Operations | $36,566 |
| 10/20/2025 — Capital | $107,198 |
| 10/20/2025 — Operations | $34,805 |
| 07/20/2025 — Capital | $93,178 |
| 07/20/2025 — Operations | $24,759 |
| ... and 8 more cash flows | |
| Terminal Value (Current FMV) | $2,080,000 |
| IRR (XIRR) | 5.2% |
XIRR calculation using actual cash flow dates. Investment outflow → Distribution inflows → Terminal FMV (if active).
Equity Multiple — Backup Calculation
| Total Distributions | $1,649,482 |
| Current FMV | $2,080,000 |
| Total Invested Capital (denominator) | $2,500,000 |
| Equity Multiple | 1.66x |
Formula: (Total Distributions + Current FMV) / Total Invested Capital
# Distributions — Details
18 distribution records on file.
Latest: 07/20/2026
— Capital: $117,268
Performance History
| As Of Date | Total Returns | Lifetime ROI | Annualized ROI | IRR | Equity Multiple |
|---|---|---|---|---|---|
| 09/30/2026 | $1,649,482 | 66.0% | 6.1% | 4.8% | 1.49x |
Distribution Summary
| Total Distributions | $1,649,482 |
| YTD Distributions | $567,093 |
| Distribution Count | 18 |
| Latest | 2026-07 |
Financial Statement Coverage — have vs need, from the Documents app
on file ·
missing
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No matching deal found in the Documents app for this investment.
No coverage grid recorded for this deal yet.
| Statement | On file | Missing | Latest on file | Missing periods |
|---|---|---|---|---|
| — |
Deal Docs
✓
Available Financial Statements — from the Documents app
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No matching deal found in the Documents app for this investment.
Matched to — no financial statements on file yet.
| Statement | Period | Received | Filed | Format | Open |
|---|---|---|---|---|---|
| Y — | View SharePoint ↗ |
Tax Documents — by Year (this entity)
2 document(s) · full tax history & capital roll-forward →
2025 (1)
| K-1 · Lakeshore Opportunity Fund II LP | Expected | — |
2024 (1)
| K-1 · Lakeshore Opportunity Fund II LP | Rcvd 03/27/25 | View |
Cross-Reference Tracking
| Distribution Applicable | Yes |
| Tax Tracker | Yes |
| FS Tracker | No |
| REO (Property) | No |
| Shared Expenses | No |
| Annual Report | No |
| Syndicated Entities | No |
| Loan Tracker | No |
| Exchange Tracker | No |
Investment Notes
Q2 letter marks the portfolio up 4%; the largest position is being prepared for sale.
Investment Status
| OA Status | Executed |
| Amount per OA | — |