A Scale-out Backup Repository with one local extent has been configured as follows.

Based on the configuration shown in the image, backups older than 21 days are moved to the capacity tier. Since the VMware backup job retention is set for 31 days and keeps weekly GFS full backups for 14 weeks, the backup from the week of January 1st is older than 21 days but within the 14-week GFS retention policy. Therefore, as of March 20, the backup data you need to recover would be in the capacity tier, not on the local performance tier, because it has been offloaded to the object storage configured as the capacity tier to reduce long-term retention costs.

References: Veeam Backup & Replication Documentation, Scale-Out Backup Repository Configuration Guide