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

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
BDCM Opportunity Fund IV	Black Diamond Capital Management	multi strategy	2015	—	2.1%	1.05x	1.05x
Athyrium Opportunities Fund III	Athyrium Opportunities	multi strategy	2016	—	2.0%	1.05x	0.79x
JPM Maritime Fund, LP	J.P. Morgan Asset Management	multi strategy	2009	—	1.8%	1.10x	1.15x
Chapter IV Investors Special Situations Fund, L.P.	Chapter	special situations	2006	—	1.7%	1.17x	1.17x
Ares Special Situations Fund III, L.P.	Ares	special situations	2011	—	1.6%	1.06x	1.06x
SSID CV Fund AB	Adelis	tactical	2022	—	1.5%	1.05x	0.00x
Apollo Credit Opportunities Fund III, LP	Apollo	multi strategy	2014	—	1.5%	1.04x	1.04x
SPRINGBLUE B, L.P.	Springblue	tactical	2021	—	1.4%	1.04x	0.00x
Avenue Special Situations Fund VI	Avenue	special situations	2010	—	1.3%	1.06x	1.01x
Centerbridge Special Credit Partners II, L.P.	Centerbridge Partners, L.P.	distressed debt	2012	—	1.3%	1.06x	1.05x
Avenue Asia Special Situations Fund IV, L.P.	Avenue	special situations	2006	—	1.3%	1.10x	1.06x
Wayzata Opportunities Fund III	Wayzata Investment Partners	multi strategy	2012	—	1.2%	1.06x	1.05x
NCL Investments II, L.P. - RE Overflow Series	NCL Investments	multi strategy	2018	—	1.1%	1.79x	1.27x
NCL Investments II, L.P. - RE Series	NCL Investments	multi strategy	2018	—	1.1%	1.25x	0.60x
North Texas Opportunity Fund 1	North Texas Opportunity Fund	multi strategy	2000	—	1.0%	1.09x	0.88x
Asl - Sof II	Asl	tactical	—	—	1.0%	—	—
Colony Distressed Credit Fund IV	Colony Distressed	distressed debt	2012	—	1.0%	0.80x	0.33x
NCL Investments III LP - RE Series	NCL Investments	multi strategy	2021	—	1.0%	—	—
NCL Investments II, L.P. - RA Series	NCL Investments	multi strategy	2018	—	1.0%	1.38x	0.52x
Citadel Residential Mortgage Opportunities Fund, LLC	Citadel	multi strategy	2011	—	1.0%	—	—
Perella Weinberg Partners ABV Opportunity Fund III LP	Perella Weinberg	multi strategy	2011	—	0.9%	—	—
BRV Aster Opportunity Fund II, L.P.	BRV	multi strategy	2019	—	0.8%	1.02x	0.00x
Saba Capital Partners	Saba Capital Management	multi strategy	2011	—	0.8%	—	—
Starwood Opportunity Fund VII, L.P.	Starwood Capital Group	multi strategy	2005	—	0.8%	—	—
Claren Road Credit Opportunities Partners, L.P.	Claren Road Asset Management	multi strategy	2013	—	0.7%	—	—
Luminarx Oas Fund	LuminarX	tactical	—	—	0.7%	—	—
European Property Investors Special Opportunities 5 SCSp	Tristan Capital Partners	special situations	—	—	0.7%	1.02x	0.15x
Elda River Opportunities Fund IV LLC	Elda River	multi strategy	—	—	0.5%	1.01x	0.02x
RREEF Global Opportunities Fund II, LLC	Rreef	multi strategy	2005	—	0.5%	—	—
Perseus Market Opportunity Fund, L.P.	Perseus	multi strategy	2002	—	0.5%	—	—
The Column Group Fund Opportunity Fund III	The Column Group	multi strategy	2022	—	0.2%	1.01x	0.34x
Intervale III	Intervale Capital	tactical	2014	—	0.2%	1.01x	0.75x
Flexpoint Fund V-A, L.P. and Flexpoint Overage Fund V-A, L.P.	Flexpoint Ford	tactical	—	—	0.2%	1.00x	—
Asl - Eu Strat Ptnr '04	Asl	tactical	—	—	0.1%	—	—
Dragoneer Opportunities Fund V, L.P.	Dragoneer Investment Group	multi strategy	—	—	0.1%	1.13x	0.38x
Z Capital Credit Tactical Fund, L.P.	—	tactical	2016	—	0.1%	1.00x	0.29x
NCL Investments III LP - Outside Opportunities Series B	NCL Investments	multi strategy	2021	—	0.0%	—	—
HarbourVest Infrastructure Opportunities Fund III, L.P.	HarbourVest Partners (Canada)	multi strategy	2024	—	0.0%	0.00x	0.00x
Luminarx - Mca	LuminarX	tactical	—	—	0.0%	—	—
BG Special Situations BO	BG Special Situations BO	special situations	2013	—	0.0%	11.24x	5.55x
BG Special Situations BO & VC	BG Special Situations BO & VC	special situations	2013	—	0.0%	13.04x	8.32x
BG Special Situations VC	BG Special Situations VC	special situations	2013	—	0.0%	11.24x	5.55x
Cinvan 8	Cinvan	tactical	2022	—	0.0%	—	—
GS Distressed Opportunities Fund I, L.P.	Goldman Sachs	multi strategy	2004	—	-0.1%	1.00x	1.00x
Distressed Managers II FL LP (F.K.A. Goldman Sachs Distressed)	Distressed Managers	distressed debt	2004	—	-0.1%	1.00x	1.00x
Oaktree Real Estate Opportunities Fund VIII	Oaktree	multi strategy	2020	—	-0.2%	1.00x	0.28x
KTPoSt aSlpecial Situations Mid-Cap Fund	KTPoSt aSlpecial Situations Mid-Cap	special situations	2019	—	-0.3%	—	—
Garrison Opportunity Fund IV	General Atlantic	multi strategy	2014	—	-0.4%	0.99x	0.90x
TIGF II Direct Strategies LLC - Series 3	TIGF	tactical	2023	—	-0.5%	0.99x	—
Harvey Parkway	Harvey Parkway	tactical	—	—	-0.7%	0.97x	0.46x
KKR Special Situations Fund II	Kohlberg Kravis Roberts	special situations	2014	—	-0.9%	0.98x	0.85x
North Texas Opportunity Fund	North Texas Opportunity Fund	multi strategy	2000	—	-1.0%	0.90x	0.93x
Oaktree Special Situations Fund, L.P.	Oaktree	special situations	2014	—	-1.4%	0.92x	0.39x
NovaQuest Pharma Opportunities Fund V, L.P.	NovaQuest Pharma	multi strategy	2007	—	-1.6%	0.96x	0.20x
Paul Capital Top Tier Special Opportunities Fund, L.P.	Paul Capital Partners	special situations	2004	—	-1.6%	0.88x	0.67x
Luxor Capital Partners LP	Luxor Capital Group	tactical	2014	—	-1.8%	0.29x	—
BRV Opportunities Fund, L.P.	BRV	multi strategy	2015	—	-1.9%	0.89x	0.47x
KKR Special Situations Fund PE	Kohlberg Kravis Roberts	special situations	2012	—	-1.9%	0.95x	0.78x
Apollo Asia Opportunity Fund, LP	Apollo	multi strategy	2007	—	-2.4%	0.89x	0.89x
Starwood Global Opportunity Fund VII, L.P.	Starwood Capital Group	multi strategy	2005	—	-2.4%	0.80x	0.78x
M2 Illinois	M2 Illinois	tactical	2003	—	-2.5%	0.88x	0.88x
BlackChamber Real Estate Opportunity Fund II, LP	BlackChamber	multi strategy	—	—	-2.7%	0.98x	—
USV Opportunity 2019	Union Square Ventures (USV)	tactical	2018	—	-2.8%	0.88x	0.05x
Asia Opportunity Fund III, L.P.	CVC Capital Partners	multi strategy	2008	—	-2.8%	0.90x	0.90x
Wayzata Opportunities Fund III PE	Wayzata Investment Partners	multi strategy	2012	—	-2.8%	0.93x	0.60x
Cable & Howse Transition Fund, L.P.	Cable & Howse Ventures	tactical	1983	—	-3.5%	0.80x	0.81x
KKR Special Situations Fund	Kohlberg Kravis Roberts	special situations	2012	—	-3.6%	0.90x	0.87x
Cerberus FSBA Corporate Credit Fund LP	Cerberus	distressed debt	2020	—	-3.6%	0.92x	0.00x
Yucaipa American Special Situations Fund I, LP	The Yucaipa Companies	special situations	2002	—	-3.7%	0.93x	0.89x
Invesco US Income Open-End Core-Plus 100.0 100.0 0.0 0.0 99.8 1.00 NM Walton Street V Open-End	Invesco	special situations	—	—	-3.8%	0.71x	0.69x
Top Tier Special Opportunities Fund LP	Top Tier Capital Partners	special situations	2009	—	-4.0%	0.74x	0.74x
HM Capital Sector Performance Fund	HM Capital Partners	multi strategy	2008	—	-4.0%	0.90x	0.86x
VIP V	VIP	multi strategy	2023	—	-4.1%	0.97x	0.11x
Dune IV	Dune	tactical	2018	—	-4.3%	0.87x	0.05x
Arbour Lane Credit Opportunity Fund IV, L.P.	Arbour Lane Capital Management	multi strategy	2024	—	-4.9%	0.95x	0.00x
Rustic Canyon/Fontis Partners	Rustic Canyon Partners	tactical	2005	—	-5.0%	1.54x	1.54x
Highbridge SPAC Opportunity Fund, L.P.	Highbridge	multi strategy	2003	—	-5.2%	—	—
Vine Media Opportunities - Fund III, L.P.	Vine	multi strategy	2008	—	-5.4%	0.73x	0.46x
BankCap Partners Opportunity Fund, LP	BankCap Partners	multi strategy	2003	—	-5.7%	0.90x	0.93x
Highbridge SPAC Opportunity Fund (Delaware) LP	Highbridge	multi strategy	2021	—	-6.1%	0.91x	0.90x
Z Capital Credit Tactical Co-Invest Fund-A, L.P.	—	tactical	2016	—	-6.3%	0.72x	0.37x
Ngen III	NGEN Partners	tactical	2008	—	-6.8%	0.61x	0.59x
Defy Partners III	Defy Partners	tactical	2021	—	-7.1%	0.91x	0.00x
Project Therapy	—	distressed debt	2016	—	-7.2%	0.69x	0.69x
DDJ Galileo Fund, L.P.	DDJ Capital Management	tactical	1995	—	-7.3%	0.80x	0.84x
Menlo Special Opportunities Fund III, LP	Menlo	special situations	2022	—	-8.0%	0.90x	—
Carlyle Energy Mezzanine Opportunities Fund-Q, L.P.	Carlyle Group	multi strategy	2010	—	-8.3%	0.72x	0.72x
SPRINGBLUE A, L.P.	Springblue	tactical	2021	—	-9.2%	0.78x	0.00x
PIMCO Corporate Opportunities Fund IV Onshore Feeder, L.P.	PIMCO Europe	multi strategy	2023	—	-9.3%	0.89x	0.00x
Sciens Aviation Special Opportunities Fund IV, L.P.	Sciens Capital Management	special situations	2006	—	-9.3%	0.84x	0.36x
Tiger Global Private Investment Partners XV, L.P.	Tiger Global Management	tactical	2022	—	-9.7%	0.75x	0.00x
Ashmore Global Special Situations Fund IV	Ashmore Group	special situations	2007	—	-10.1%	0.60x	0.57x
Ashmore Global Special Situations Fund IV 3	Ashmore Group	special situations	2007	—	-10.1%	0.57x	0.54x
Strategic Credit Opportunities Phase II	Strategic	multi strategy	2019	—	-10.2%	—	—
IMR LTD Partnership	IMR LTD Partnership	tactical	1992	—	-11.2%	0.80x	0.80x
Sankaty Credit Opportunities V-E	Sankaty	multi strategy	2012	—	-11.7%	0.84x	0.84x
HM 2006 Sector Performance Fund	HM Capital Partners	multi strategy	2007	—	-12.0%	0.70x	0.70x
OpCapita Consumer Opportunities Fund II LP	OpCapita	multi strategy	2016	—	-12.2%	0.55x	0.16x
Hearthstone Project Holdings	Hearthstone Project Holdings	multi strategy	2005	—	-12.3%	0.30x	0.28x
SDC Digital Infrastructure Opportunity Fund IV, L.P.	SDC Capital Partners	multi strategy	—	—	-12.3%	1.08x	0.31x

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).