/Fund performance

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.

7,716 fundsas of December 2025
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Endeavour Capital Fund VI, L.P. - Secondary PurchaseEndeavour Capitalfund of funds2020—176.8%2.80x2.85x
HarbourVest TMRS Polaris SMA L.P. - Tranche 3HarbourVest Partners (Canada)fund of funds——176.7%4.25x—
Endeavour Capital Fund V, L.P. - Secondary PurchaseEndeavour Capitalfund of funds2020—165.5%2.70x2.71x
WPP CMI Holdings, L.P.WPP CMI Holdings, L.Pbuyout2024—163.5%2.44x0.29x
Project Melrose—buyout2012—148.5%3.98x3.98x
Sun Capital Partners IV (Preferred)Sun Capital Partnersbuyout2010—146.3%2.00x2.00x
Menlo Ventures VII, L.P.Menloventure capital1997—135.6%4.70x4.71x
SG Grow01 Capital Partners I, L.P.—private equity2008—130.0%——
Kleiner Perkins Caufield & Byers VIKleiner Perkinsprivate equity1994—121.7%32.51x32.20x
Kleiner Perkins Caufield & Byers VIIKleiner Perkinsprivate equity1994—121.7%32.51x32.20x
Shamrock Capital Growth Fund III, L.P.Shamrock Capitalgrowth equity2010—98.9%2.47x1.91x
Institutional Venture Partners VII, L.PIVP (Institutional Venture Partners)buyout1996—96.2%6.72x6.68x
TrueBridge Capital Partners Fund VI, L.P.TrueBridge Capital Partnersfund of funds2005—95.6%1.61x0.00x
Incline Elevate Fund, L.P.Inclinegrowth equity2019—93.6%2.45x1.43x
Institutional Venture Partners VIIIVP (Institutional Venture Partners)buyout1996—93.6%6.80x6.80x
RoundTahle Healthcare Capital Partners II, LPRoundTable Healthcare Partnersprivate equity2010—93.0%—0.85x
Spectrum VIII-A Discretionary Overage ProgramSpectrum Equityventure capital2019—91.3%2.98x2.40x
Sequoia Capital VIIISequoia Capitalventure capital1998—90.4%2.53x2.10x
Altos Co-InvestmentAltos Venturesco investment2018—89.2%9.44x9.44x
SUMMA EQUITY FUND IISumma Equitybuyout2001—85.7%1.65x0.32x
Technology Crossover Ventures X PETechnology Crossover Venturesventure capital2018—84.4%2.40x—
Banner Ridge Secondary Fund V (TE), L.P.Banner Ridge Partnerssecondaries2023—84.4%1.75x0.02x
FSBA AAM Strategic Fund LPAdvanced Asset Managementbuyout2021—84.0%1.28x0.18x
GTCR Fund VII-A, L.P.GTCRbuyout2001—83.0%2.80x2.79x
Francisco Partners AgilityFrancisco Partnersbuyout2017—82.5%4.96x3.85x
Northlane Capital Partners I, LPNorthlane Capital Partnersbuyout2003—81.2%2.63x2.63x
Technology Impact Fund PETechnology Impactgrowth equity2017—79.8%3.36x0.46x
Parallax Co-Investment #1PARALLAXco investment2013—79.2%1.22x1.22x
Verdane Capital X ABVerdanegrowth equity2019—78.9%1.80x—
WLR Recovery Fund II, L.P.WLR Recoveryturnaround2002—78.8%2.42x2.41x
Providence Equity PartnersProvidencebuyout1996—78.5%2.78x2.78x
Summit Partners Co-Invest (Giants-B)Summit Partnersgrowth equity2019—77.7%2.83x2.78x
Banner Ridge Secondary Fund VBanner Ridge Partnerssecondaries2023—74.4%——
Hg TITAN A L.P.Hg Capitalbuyout2021—73.6%1.30x0.50x
Austin Ventures IV, L.P.Austinventure capital1994—73.2%8.40x8.42x
Ballast Equity Partners Fund I-A, L.P.Ballastbuyout2023—72.7%1.45x0.02x
Project Green—buyout2016—72.6%2.48x2.12x
SK Capital Partners VI-ASK Capital Partnersbuyout2021—71.6%1.74x0.00x
Industry Ventures Secondary X, L.P.Industry Venturesventure capital2024—71.5%—1.63x
Project Triton IIProject Tritonbuyout2021—69.1%4.98x3.84x
TrueBridge Capital Partners Fund V, L.P.TrueBridge Capital Partnersfund of funds2006—69.0%2.88x0.09x
FH BMX Co-Invest Aggregator, L.P.FH BMX Co-Invest Aggregator, L.Pbuyout2024—67.9%1.56x0.06x
Banner Ridge DSCO Fund II, L.P.Banner Ridge Partnerssecondaries2022—67.4%1.81x0.00x
Union Square Ventures 2004Union Square Ventures (USV)venture capital2004—66.9%13.82x13.78x
Integrum Capital PartnersIntegrumbuyout2022—66.4%1.39x0.31x
AIMPERA III Coinvest LPAIMPERAco investment——65.8%1.56x0.01x
Olympic Venture Partners IVOVP Venture Partnersventure capital1997—63.9%2.62x2.62x
Summit Growth Equity X PESummit Partnersgrowth equity2019—63.7%1.28x0.13x
Institutional Venture Partners VIIVP (Institutional Venture Partners)venture capital1994—63.1%5.82x5.82x
Chicago Pacific Founders Fund II—buyout2019—63.1%2.70x0.30x
Project Hubble—buyout2025—63.0%1.62x0.00x
Interwest Partners VInterWestventure capital1993—62.3%4.41x4.41x
Summit Partners Europe Growth Equity Fund II, SCSPSummit Partnersgrowth equity2018—60.5%3.27x1.84x
Ballast Equity Partners Fund I, L.P.Ballastbuyout2023—60.4%1.37x0.02x
Platinum Equity Capital Partners I LPPlatinumbuyout2004—60.2%2.91x2.91x
Platinum Equity Capital Partners, L.P.Platinumbuyout2009—60.2%2.91x2.91x
Platinum Equity Capital Partners-A, L.P.Platinumbuyout2003—59.9%2.11x2.09x
GTCR Fund XIV LPGTCRbuyout2024—59.3%1.39x0.12x
Truelink Capital I, L.P.Truelink Capitalprivate equity2023—59.0%1.43x0.12x
Hg TITAN 1 A L.P.Hg Capitalco investment2021—58.8%1.30x0.50x
Thoma Bravo Fund XIII PEThoma Bravobuyout2018—57.5%1.79x0.52x
Project Vanguard—venture capital2014—57.4%2.10x1.44x
Tenex Capital Partners IIITenex Capital Managementbuyout2021—57.0%1.64x0.62x
Oak Investment Partners VIII, L.P.Oak Investment Partnersventure capital1998—55.3%1.80x1.80x
Routeware Coinvest Aggregator, L.P.Routeware Coinvest Aggregator, L.Pbuyout2024—54.9%1.73x0.24x
Project Rambler—buyout2021—53.7%1.93x1.49x
Crown Global Secondaries Fund VILGT Capital Partnerssecondaries2023—53.6%1.43x0.00x
Union Square Ventures 2012Union Square Ventures (USV)venture capital2011—53.5%23.78x23.02x
POM V Co-Investment, LLCPomonaco investment2024—53.2%1.55x0.26x
Icon Partners II, L.P.Clearlakebuyout2021—53.0%1.91x1.44x
Project Talde—growth equity2005—52.9%1.52x1.52x
SVB Strategic Investors Fund IX, L.P.SVBbuyout2003—52.6%2.05x0.00x
WPEF IX Feeder 1 ILPWPEFbuyout2024—52.5%1.30x0.00x
TCV XIITCVventure capital2022—52.0%1.36x0.00x
Advent Global Private Equity IV-A, L.P.Advent Internationalbuyout2002—52.0%3.25x3.25x
Spark Capital IISparkventure capital2008—51.4%5.68x4.76x
Platinum Equity Small Cap Fund II, L.P.Platinum Equity Smallbuyout2024—51.2%1.77x0.02x
Summit Venture Capital IV PESummit Partnersventure capital2015—49.1%2.17x0.81x
InterWest VIInterWestventure capital1996—49.0%2.97x2.97x
USV 2016, L.P.Union Square Ventures (USV)venture capital2016—48.9%7.79x4.53x
Doughty Hanson & Co Fund II, L.P.Doughty Hanson & Coprivate equity1996—48.8%2.10x2.11x
InterWest Partners VI, L.P.InterWestventure capital1997—48.8%3.00x2.97x
Warburg Pincus Ventures, LPWarburg Pincusventure capital1994—48.2%5.10x5.13x
Thoma Bravo Fund IX LPThoma Bravobuyout2008—48.1%4.08x4.08x
First Reserve Fund IX, L.P.First Reserve Corporationbuyout2001—48.1%2.85x2.84x
Mayfield VIIIMayfield Fundventure capital1995—47.9%3.12x3.12x
Project Cutter—buyout2022—47.8%3.69x0.00x
Goode Partners Consumer Fund IIGoodeprivate equity2013—47.5%2.72x2.46x
Lone Star Fund VII (U.S.), L.P.Lone Star Japan Acquisitionsbuyout2011—47.5%1.80x1.77x
Hummer Winblad Venture Partners VHummer Winblad Venture Partners (HWVP)venture capital——47.3%2.88x2.88x
3 Boomerang Capital IBoomerang Venturesbuyout2023—47.2%1.20x0.00x
Gridiron Capital Fund III, L.P.Gridiron Capitalbuyout2015—46.3%5.26x2.90x
McCarthy Capital VI, L.P.McCarthy Capitalbuyout2016—46.2%4.67x2.58x
Summit Growth Equity IX PESummit Partnersgrowth equity2015—45.8%2.18x0.46x
Ka - Peif 2Kayne Anderson Capital Advisorsfund of funds——45.8%——
Truebridge-Kauffman Fellows Endowment Fund IVTrueBridge Capital Partnersbuyout2007—45.7%4.26x0.61x
Project Solution—buyout2010—45.7%1.95x1.95x
Silicon Valley Bank SIF VIIISilicon Valley Bankbuyout2002—45.6%3.35x0.18x
Doughty Hanson & Co IIDoughty Hanson & Cobuyout1995—45.5%2.02x2.02x
MPAE Fund VMPAEbuyout1989—45.5%5.44x5.44x

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).