Fund performance
Net returns for private equity and venture funds, as disclosed by public pension and foundation limited partners. Each fund links to the managing firm when we track it in our directory. Figures are the limited partner's own calculations.
7,718 fundsas of December 2025
| Fund | Manager | Strategy | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| Owl Rock Technology Holdings LLC | Owl Rock Capital | direct lending | 2018 | — | 410.1% | — | — |
| KLCP Domestic Fund IV LP | — | private credit | — | — | 178.8% | 2.79x | — |
| Endeavour Capital Fund VI, L.P. - Secondary Purchase | Endeavour Capital | fund of funds | 2020 | — | 176.8% | 2.80x | 2.85x |
| HarbourVest TMRS Polaris SMA L.P. - Tranche 3 | HarbourVest Partners (Canada) | fund of funds | — | — | 176.7% | 4.25x | — |
| Endeavour Capital Fund V, L.P. - Secondary Purchase | Endeavour Capital | fund of funds | 2020 | — | 165.5% | 2.70x | 2.71x |
| WPP CMI Holdings, L.P. | WPP CMI Holdings, L.P | buyout | 2024 | — | 163.5% | 2.44x | 0.29x |
| Project Melrose | — | buyout | 2012 | — | 148.5% | 3.98x | 3.98x |
| MINA II CIP | MINA | tactical | 2015 | — | 146.6% | — | 0.16x |
| Sun Capital Partners IV (Preferred) | Sun Capital Partners | buyout | 2010 | — | 146.3% | 2.00x | 2.00x |
| Menlo Ventures VII, L.P. | Menlo | venture capital | 1997 | — | 135.6% | 4.70x | 4.71x |
| SG Grow01 Capital Partners I, L.P. | — | private equity | 2008 | — | 130.0% | — | — |
| First Reserve Legacy Opportunities Fund, L.P. | First Reserve Corporation | multi strategy | 2022 | — | 124.5% | 4.66x | 0.52x |
| Kleiner Perkins Caufield & Byers VI | Kleiner Perkins | private equity | 1994 | — | 121.7% | 32.51x | 32.20x |
| Kleiner Perkins Caufield & Byers VII | Kleiner Perkins | private equity | 1994 | — | 121.7% | 32.51x | 32.20x |
| SASOF III, LP | SASOF | infrastructure | 2014 | — | 116.8% | 2.21x | 0.91x |
| KLCP Co-Inv Domestic Fund IV LP | — | — | — | — | 101.2% | 2.01x | — |
| Paceline Equity Partners Opportunity Fund II | Paceline | multi strategy | 2024 | — | 100.5% | 1.65x | 0.58x |
| BTG Timberland | BTG Pactual | natural resources | 2006 | — | 100.0% | 1.49x | — |
| FIA Timberland | Forest Investment Associates | natural resources | 1992 | — | 100.0% | 1.80x | — |
| Shamrock Capital Growth Fund III, L.P. | Shamrock Capital | growth equity | 2010 | — | 98.9% | 2.47x | 1.91x |
| Institutional Venture Partners VII, L.P | IVP (Institutional Venture Partners) | buyout | 1996 | — | 96.2% | 6.72x | 6.68x |
| TrueBridge Capital Partners Fund VI, L.P. | TrueBridge Capital Partners | fund of funds | 2005 | — | 95.6% | 1.61x | 0.00x |
| Blackstone Energy Partners IV, L.P. | The Blackstone Group | natural resources | 2020 | — | 94.6% | 1.41x | — |
| T3 Partners II, L.P. | T3 Advisors | tactical | 2001 | — | 93.9% | 3.10x | 3.08x |
| Incline Elevate Fund, L.P. | Incline | growth equity | 2019 | — | 93.6% | 2.45x | 1.43x |
| Institutional Venture Partners VII | IVP (Institutional Venture Partners) | buyout | 1996 | — | 93.6% | 6.80x | 6.80x |
| RoundTahle Healthcare Capital Partners II, LP | RoundTable Healthcare Partners | private equity | 2010 | — | 93.0% | — | 0.85x |
| Meridiam Infrastructure Europe II B Shares | Meridiam | infrastructure | 2015 | — | 92.5% | — | 52.55x |
| Spectrum VIII-A Discretionary Overage Program | Spectrum Equity | venture capital | 2019 | — | 91.3% | 2.98x | 2.40x |
| Sequoia Capital VIII | Sequoia Capital | venture capital | 1998 | — | 90.4% | 2.53x | 2.10x |
| Altos Co-Investment | Altos Ventures | co investment | 2018 | — | 89.2% | 9.44x | 9.44x |
| SUMMA EQUITY FUND II | Summa Equity | buyout | 2001 | — | 85.7% | 1.65x | 0.32x |
| Technology Crossover Ventures X PE | Technology Crossover Ventures | venture capital | 2018 | — | 84.4% | 2.40x | — |
| Banner Ridge Secondary Fund V (TE), L.P. | Banner Ridge Partners | secondaries | 2023 | — | 84.4% | 1.75x | 0.02x |
| FSBA AAM Strategic Fund LP | Advanced Asset Management | buyout | 2021 | — | 84.0% | 1.28x | 0.18x |
| SV Biotech Crossover Opportunities Fund LP | SV Biotech Crossover | multi strategy | 2024 | — | 83.8% | 1.99x | 1.21x |
| GTCR Fund VII-A, L.P. | GTCR | buyout | 2001 | — | 83.0% | 2.80x | 2.79x |
| Francisco Partners Agility | Francisco Partners | buyout | 2017 | — | 82.5% | 4.96x | 3.85x |
| Northlane Capital Partners I, LP | Northlane Capital Partners | buyout | 2003 | — | 81.2% | 2.63x | 2.63x |
| Technology Impact Fund PE | Technology Impact | growth equity | 2017 | — | 79.8% | 3.36x | 0.46x |
| Parallax Co-Investment #1 | PARALLAX | co investment | 2013 | — | 79.2% | 1.22x | 1.22x |
| Verdane Capital X AB | Verdane | growth equity | 2019 | — | 78.9% | 1.80x | — |
| WLR Recovery Fund II, L.P. | WLR Recovery | turnaround | 2002 | — | 78.8% | 2.42x | 2.41x |
| Providence Equity Partners | Providence | buyout | 1996 | — | 78.5% | 2.78x | 2.78x |
| Summit Partners Co-Invest (Giants-B) | Summit Partners | growth equity | 2019 | — | 77.7% | 2.83x | 2.78x |
| Banner Ridge Secondary Fund V | Banner Ridge Partners | secondaries | 2023 | — | 74.4% | — | — |
| SASOF IV, LP | SASOF | infrastructure | 2017 | — | 74.3% | 1.98x | 0.19x |
| Five Point Energy Fund III, L.P. | Five Point Energy | natural resources | 2020 | — | 73.7% | 4.20x | 0.38x |
| Hg TITAN A L.P. | Hg Capital | buyout | 2021 | — | 73.6% | 1.30x | 0.50x |
| Austin Ventures IV, L.P. | Austin | venture capital | 1994 | — | 73.2% | 8.40x | 8.42x |
| Ballast Equity Partners Fund I-A, L.P. | Ballast | buyout | 2023 | — | 72.7% | 1.45x | 0.02x |
| Project Green | — | buyout | 2016 | — | 72.6% | 2.48x | 2.12x |
| SK Capital Partners VI-A | SK Capital Partners | buyout | 2021 | — | 71.6% | 1.74x | 0.00x |
| Industry Ventures Secondary X, L.P. | Industry PH | venture capital | 2024 | — | 71.5% | — | 1.63x |
| Project Triton II | Project Triton | buyout | 2021 | — | 69.1% | 4.98x | 3.84x |
| TrueBridge Capital Partners Fund V, L.P. | TrueBridge Capital Partners | fund of funds | 2006 | — | 69.0% | 2.88x | 0.09x |
| FH BMX Co-Invest Aggregator, L.P. | FH BMX Co-Invest Aggregator, L.P | buyout | 2024 | — | 67.9% | 1.56x | 0.06x |
| Banner Ridge DSCO Fund II, L.P. | Banner Ridge Partners | secondaries | 2022 | — | 67.4% | 1.81x | 0.00x |
| Union Square Ventures 2004 | Union Square Ventures (USV) | venture capital | 2004 | — | 66.9% | 13.82x | 13.78x |
| Integrum Capital Partners | Integrum | buyout | 2022 | — | 66.4% | 1.39x | 0.31x |
| AIMPERA III Coinvest LP | AIMPERA | co investment | — | — | 65.8% | 1.56x | 0.01x |
| Olympic Venture Partners IV | OVP Venture Partners | venture capital | 1997 | — | 63.9% | 2.62x | 2.62x |
| Summit Growth Equity X PE | Summit Partners | growth equity | 2019 | — | 63.7% | 1.28x | 0.13x |
| KPS Special Situations Fund II, L.P. | KPS Capital Partners | special situations | 2004 | — | 63.4% | 3.50x | 3.50x |
| Institutional Venture Partners VI | IVP (Institutional Venture Partners) | venture capital | 1994 | — | 63.1% | 5.82x | 5.82x |
| Chicago Pacific Founders Fund II | — | buyout | 2019 | — | 63.1% | 2.70x | 0.30x |
| Project Hubble | — | buyout | 2025 | — | 63.0% | 1.62x | 0.00x |
| LS Power Equity Partners V, L.P. | LS Power Group | infrastructure | 2023 | — | 62.5% | 1.36x | 0.15x |
| Interwest Partners V | InterWest | venture capital | 1993 | — | 62.3% | 4.41x | 4.41x |
| Summit Partners Europe Growth Equity Fund II, SCSP | Summit Partners | growth equity | 2018 | — | 60.5% | 3.27x | 1.84x |
| Ballast Equity Partners Fund I, L.P. | Ballast | buyout | 2023 | — | 60.4% | 1.37x | 0.02x |
| Platinum Equity Capital Partners I LP | Platinum | buyout | 2004 | — | 60.2% | 2.91x | 2.91x |
| Platinum Equity Capital Partners, L.P. | Platinum | buyout | 2009 | — | 60.2% | 2.91x | 2.91x |
| Platinum Equity Capital Partners-A, L.P. | Platinum | buyout | 2003 | — | 59.9% | 2.11x | 2.09x |
| GTCR Fund XIV LP | GTCR | buyout | 2024 | — | 59.3% | 1.39x | 0.12x |
| Truelink Capital I, L.P. | Truelink Capital | private equity | 2023 | — | 59.0% | 1.43x | 0.12x |
| Hg TITAN 1 A L.P. | Hg Capital | co investment | 2021 | — | 58.8% | 1.30x | 0.50x |
| Meridiam Infrastructure (SCA) B Shares | Meridiam | infrastructure | 2015 | — | 58.7% | — | 84.27x |
| Union Square Ventures Opportunity Fund, L.P. | Union Square Ventures (USV) | multi strategy | 2010 | — | 58.4% | 3.58x | 3.45x |
| Abbott Secondary Opportunities III, L.P. | Abbott | multi strategy | 2024 | — | 57.6% | 1.24x | 0.02x |
| Thoma Bravo Fund XIII PE | Thoma Bravo | buyout | 2018 | — | 57.5% | 1.79x | 0.52x |
| Project Vanguard | — | venture capital | 2014 | — | 57.4% | 2.10x | 1.44x |
| IDA-West Energy Fund | IDA-West | natural resources | 1996 | — | 57.0% | 6.10x | 0.05x |
| Tenex Capital Partners III | Tenex Capital Management | buyout | 2021 | — | 57.0% | 1.64x | 0.62x |
| Oak Investment Partners VIII, L.P. | Oak Investment Partners | venture capital | 1998 | — | 55.3% | 1.80x | 1.80x |
| Routeware Coinvest Aggregator, L.P. | Routeware Coinvest Aggregator, L.P | buyout | 2024 | — | 54.9% | 1.73x | 0.24x |
| Project Rambler | — | buyout | 2021 | — | 53.7% | 1.93x | 1.49x |
| Crown Global Secondaries Fund VI | LGT Capital Partners | secondaries | 2023 | — | 53.6% | 1.43x | 0.00x |
| Union Square Ventures 2012 | Union Square Ventures (USV) | venture capital | 2011 | — | 53.5% | 23.78x | 23.02x |
| POM V Co-Investment, LLC | Pomona | co investment | 2024 | — | 53.2% | 1.55x | 0.26x |
| Bryanston Retail Opportunity Fund, L.P. | Bryanston Realty Partners | real estate equity | 2004 | — | 53.0% | 2.78x | 2.78x |
| Icon Partners II, L.P. | Clearlake | buyout | 2021 | — | 53.0% | 1.91x | 1.44x |
| Project Talde | — | growth equity | 2005 | — | 52.9% | 1.52x | 1.52x |
| RLJ Lodging Fund I, L.P. | RLJ | real estate equity | 2004 | — | 52.9% | 1.99x | 1.99x |
| SVB Strategic Investors Fund IX, L.P. | SVB | buyout | 2003 | — | 52.6% | 2.05x | 0.00x |
| WPEF IX Feeder 1 ILP | WPEF | buyout | 2024 | — | 52.5% | 1.30x | 0.00x |
| Charlesbank Credit Opp III Co-Investment | Charlesbank Capital Partners | special situations | 2024 | — | 52.2% | 1.15x | 0.21x |
| TCV XII | TCV | venture capital | 2022 | — | 52.0% | 1.36x | 0.00x |
| Advent Global Private Equity IV-A, L.P. | Advent International | buyout | 2002 | — | 52.0% | 3.25x | 3.25x |
| Blackstone Energy Transition Partners IV L.P. | The Blackstone Group | tactical | 2024 | — | 51.6% | 1.17x | 0.01x |
Sources: public limited-partner disclosures — pension performance reports (CalPERS, CalSTRS, and other pensions), foundation Form 990-PF filings, and board materials. TVPI = total value / paid-in; DPI = distributions / paid-in. Early-vintage IRRs are interim estimates (J-curve).