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 |
|---|---|---|---|---|---|---|---|
| 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 |
| 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% | — | — |
| 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 |
| 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 |
| 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 |
| 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 |
| 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% | — | — |
| 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 Ventures | 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Spark Capital II | Spark | venture capital | 2008 | — | 51.4% | 5.68x | 4.76x |
| Platinum Equity Small Cap Fund II, L.P. | Platinum Equity Small | buyout | 2024 | — | 51.2% | 1.77x | 0.02x |
| Summit Venture Capital IV PE | Summit Partners | venture capital | 2015 | — | 49.1% | 2.17x | 0.81x |
| InterWest VI | InterWest | venture capital | 1996 | — | 49.0% | 2.97x | 2.97x |
| USV 2016, L.P. | Union Square Ventures (USV) | venture capital | 2016 | — | 48.9% | 7.79x | 4.53x |
| Doughty Hanson & Co Fund II, L.P. | Doughty Hanson & Co | private equity | 1996 | — | 48.8% | 2.10x | 2.11x |
| InterWest Partners VI, L.P. | InterWest | venture capital | 1997 | — | 48.8% | 3.00x | 2.97x |
| Warburg Pincus Ventures, LP | Warburg Pincus | venture capital | 1994 | — | 48.2% | 5.10x | 5.13x |
| Thoma Bravo Fund IX LP | Thoma Bravo | buyout | 2008 | — | 48.1% | 4.08x | 4.08x |
| First Reserve Fund IX, L.P. | First Reserve Corporation | buyout | 2001 | — | 48.1% | 2.85x | 2.84x |
| Mayfield VIII | Mayfield Fund | venture capital | 1995 | — | 47.9% | 3.12x | 3.12x |
| Project Cutter | — | buyout | 2022 | — | 47.8% | 3.69x | 0.00x |
| Goode Partners Consumer Fund II | Goode | private equity | 2013 | — | 47.5% | 2.72x | 2.46x |
| Lone Star Fund VII (U.S.), L.P. | Lone Star Japan Acquisitions | buyout | 2011 | — | 47.5% | 1.80x | 1.77x |
| Hummer Winblad Venture Partners V | Hummer Winblad Venture Partners | venture capital | — | — | 47.3% | 2.88x | 2.88x |
| 3 Boomerang Capital I | Boomerang Ventures | buyout | 2023 | — | 47.2% | 1.20x | 0.00x |
| Gridiron Capital Fund III, L.P. | Gridiron Capital | buyout | 2015 | — | 46.3% | 5.26x | 2.90x |
| McCarthy Capital VI, L.P. | McCarthy Capital | buyout | 2016 | — | 46.2% | 4.67x | 2.58x |
| Summit Growth Equity IX PE | Summit Partners | growth equity | 2015 | — | 45.8% | 2.18x | 0.46x |
| Ka - Peif 2 | Kayne Anderson Capital Advisors | fund of funds | — | — | 45.8% | — | — |
| Truebridge-Kauffman Fellows Endowment Fund IV | TrueBridge Capital Partners | buyout | 2007 | — | 45.7% | 4.26x | 0.61x |
| Project Solution | — | buyout | 2010 | — | 45.7% | 1.95x | 1.95x |
| Silicon Valley Bank SIF VIII | Silicon Valley Bank | buyout | 2002 | — | 45.6% | 3.35x | 0.18x |
| Doughty Hanson & Co II | Doughty Hanson & Co | buyout | 1995 | — | 45.5% | 2.02x | 2.02x |
| MPAE Fund V | MPAE | buyout | 1989 | — | 45.5% | 5.44x | 5.44x |
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).