Fundraising Fox

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
AllPrivate equityPrivate creditReal assetsOpportunistic
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Blue Sea Capital Fund IBlue Sea Capitalbuyout2013—19.1%2.41x1.96x
GTCR Fund XII, L.P.GTCRbuyout2018—19.1%2.07x1.16x
Parthenon Investors VI, L.P.Parthenonbuyout2020—19.1%1.75x0.21x
GTCR Fund XIII/A LP and GTCR Fund XIII/B LPGTCRbuyout——19.1%1.49x0.37x
Dover Street VIII, L.P.HarbourVest Partners (Canada)buyout2012—19.1%1.68x1.63x
Apollo Investment Fund XApollobuyout2022—19.0%1.23x0.21x
Bain Capital Asia Fund IIIBain Capitalbuyout2016—19.0%1.91x1.21x
HarbourVest Real Assets Fund IV LPHarbourVest Partners (Canada)fund of funds2021—19.0%1.42x0.49x
KKR North American Fund XI PEKohlberg Kravis Robertsbuyout2012—19.0%1.81x1.24x
Bain Capital Fund XII, L.P.Bain Capitalco investment2017—19.0%1.85x1.10x
CVC Capital Partners VI PECVC Capital Partnersbuyout2013—19.0%1.80x0.64x
CVC European Equity Partners II (D) L.P.CVCbuyout1998—19.0%2.11x2.11x
LLR Equity Partners VLLRbuyout2017—19.0%2.32x0.74x
Platinum Equity Capital Partners IVPlatinumco investment2016—19.0%1.98x1.26x
Crown Global Secondaries V Master S.C.SpLGT Capital Partnerssecondaries2021—19.0%1.48x0.25x
DW Healthcare IIIDW Healthcare Partnersbuyout2012—19.0%2.13x2.09x
Further Global Capital IIFurther Globalbuyout2021—19.0%1.42x0.13x
Lexington Capital Partners—buyout2022—19.0%1.27x0.11x
Lightyear Fund IV, L.P.Lightyearbuyout2016—19.0%2.10x1.49x
Lightspeed Venture Partners XIV-A, L.P. (Inception)Lightspeed Venture Partnersventure capital2022—18.9%1.39x0.00x
Neuberger Berman PE Mutual FundNeuberger Bermanbuyout2015—18.9%1.41x1.41x
TPG Partners IX, L.P.TPGbuyout2023—18.9%1.22x0.15x
HarbourVest 2018 GlobalHarbourVest Partners (Canada)venture capital2018—18.9%2.33x0.47x
CVC European Equity Partners IICVCbuyout1998—18.9%2.10x2.10x
Fox Paine Capital Fund IIFox Painebuyout2000—18.9%1.90x1.90x
NYC-NorthBound Emerging Managers ProgramNYC NORTHBOUND EMERG MGRS PRGMfund of funds2020—18.9%1.49x0.10x
SNFL CO-INVESTMENT FUND LPSNFL Coco investment2019—18.9%2.30x1.10x
T-VIII Mercury Co-InvestT-Viiico investment2021—18.9%2.00x0.28x
Cambridge Associates All PECambridge Associatesfund of funds——18.9%——
FP Venture 2012—venture capital2012—18.9%3.31x2.16x
Project Tread—buyout2021—18.9%2.15x0.00x
Clayton, Dubilier & Rice Fund IX, L.P.Clayton Dubilier & Ricebuyout2014—18.9%2.36x1.80x
Charlesbank Equity Fund X LPCharlesbank Capital Partnersbuyout2021—18.8%1.48x0.30x
KKR North American Fund XIKohlberg Kravis Robertsbuyout2012—18.8%1.88x1.68x
Thoma Bravo Fund XII PEThoma Bravobuyout2016—18.8%1.76x0.27x
TPG Partners VII, L.P.TPGbuyout2015—18.8%2.00x1.83x
Trive Capital Fund IV LPTrivebuyout2021—18.8%1.49x0.20x
Bain Capital Fund XII-A, L.P.Bain Capitalco investment2017—18.8%1.93x1.56x
Hicks, Muse, Tate & Furst Equity Fund IIHicks Muse Tate Furstbuyout1993—18.8%1.89x1.89x
Mesirow Financial Private Equity Partnership Fund VMesirowbuyout2008—18.8%2.56x1.52x
SilverStone II, LLC Series F (Aerospace)Silverbuyout2013—18.8%2.47x2.47x
Charterhouse Capital Partners VI, L.P.Charterhouse Capital Partnersbuyout1997—18.8%2.10x2.10x
Riverside Micro‐Cap Fund IV PEThe Riverside Companybuyout2015—18.8%1.86x—
Stellex Capital PartnersStellex Capital Managementbuyout2015—18.8%1.78x1.38x
Sunstone Partners IISunstone Capitalventure capital2020—18.8%1.55x0.60x
Veritas Capital Fund IVVeritas Capitalbuyout2010—18.8%2.46x2.46x
Veritas IVVeritas Capitalbuyout2009—18.8%2.39x2.39x
Vivo Capital IXVivo Capitalventure capital2019—18.8%1.73x0.70x
Capital Partners Private Equity Income Fund III, L.P.—buyout——18.8%1.76x1.22x
Landmark Equity CT Co-Investment Fund I, L.P.Landmark Partnersco investment2022—18.8%1.30x0.00x
Trident VII, L.P.Tridentbuyout2017—18.7%2.30x0.96x
KKR Americas XIIKohlberg Kravis Robertsbuyout2016—18.7%2.18x1.03x
Thoma Bravo, LLCThoma Bravobuyout2022—18.7%1.38x0.04x
ICG Europe Mid-Market FundIntermediate Capital Groupbuyout2020—18.7%1.50x0.72x
Bridgepoint Europe VII L.P.Bridgepointbuyout2023—18.7%1.20x0.03x
Arsenal Capital Partners Fund, L.P.Arsenalgrowth equity2001—18.7%1.85x1.81x
DCM VDCMventure capital2007—18.7%2.70x2.70x
Saw Mill Capital Partners II, L.P.HILL PATHbuyout2016—18.7%1.92x1.06x
Montagu LPMontagubuyout2015—18.7%1.63x0.77x
RCP Advisors Fund VII, L.P.RCPbuyout2002—18.7%2.26x1.64x
Delos Investment Fund, L.P.Delos Investmentbuyout2014—18.7%1.81x1.78x
Dover Street IX, L.P.HarbourVest Partners (Canada)buyout2016—18.7%1.69x1.18x
Evergreen Park Investment Fund, L.P.Evergreen Venture Partnersfund of funds2021—18.6%1.50x0.05x
HarbourVest 2017 GlobalHarbourVest Partners (Canada)venture capital2017—18.6%2.07x0.70x
Trident VII LPStone Pointbuyout2017—18.6%2.24x0.96x
Wigmore Street VI Co-Investment No. 2Wigmore Street (BDCco investment2019—18.6%1.28x0.00x
DCM Fund V, L.P.DCMprivate equity2006—18.6%2.57x1.25x
GGV IIINotable Capitalventure capital2006—18.6%2.71x2.67x
TRITON FUND II LPTRITON FUNDS LLCbuyout2006—18.6%2.29x2.29x
Sprout Capital VI, L.P.Sproutbuyout1989—18.5%2.16x2.16x
Summit Partners Europe PE FundSummit Partnersgrowth equity2009—18.5%2.62x2.62x
StepStone Tactical Growth Fund, L.P.Stepstone Groupgrowth equity2013—18.5%2.57x2.10x
Linden Co-Investment V LPLinden Capitalco investment2022—18.5%1.07x0.01x
Opps NPL (A), L.P.Opps NPL (A), L.Pbuyout2011—18.5%1.69x1.69x
Silver Lake Partners IIISilverbuyout2007—18.5%1.94x1.89x
Cressey & Company Fund V LPCressey & Companybuyout2015—18.5%2.46x1.22x
Khosla Ventures VIIIKhosla Venturesventure capital2023—18.4%1.13x0.00x
Mayfield XVIMayfield Fundventure capital2021—18.4%1.52x0.00x
Valor Equity VValor Equity Partnersbuyout2020—18.4%——
Carlyle Asia Partners (PV II), L.P.Carlyle Groupbuyout2000—18.4%2.73x2.73x
Perseus-Soros BioPharmaceutical Fund, LP1Perseusbuyout2001—18.4%1.64x1.64x
Platinum Equity Capital Partners IV, L.P.Platinumbuyout2016—18.4%1.84x1.30x
RTP J Holdings LPRTP J Holdings LPbuyout2023—18.4%1.32x0.00x
Orbimed Private lnvesunents Ill, LPOrbiMedprivate equity2006—18.4%2.32x—
Cortec Group Fund VII, L.P.Cortec Groupbuyout2019—18.4%1.68x0.60x
Updata Partners V, L.P.Updata Partnersbuyout2014—18.4%2.16x1.34x
Endeavour Capital Fund VII, L.P.Endeavour Capitalfund of funds2016—18.3%2.30x1.46x
GCM Grosvenor - NC Innovation Fund IIGCM Grosvenorfund of funds2015—18.3%1.82x1.06x
Pantheon Europe IIPantheon Venturessecondaries2000—18.3%1.84x1.84x
Sequoia Capital Global Growth Fund IIISequoia Capitalgrowth equity2018—18.3%2.11x0.54x
Vista Foundation Fund IIIVista Equity Partnersbuyout2016—18.3%1.88x1.11x
Bain Capital Europe Fund IIIBain Capitalbuyout2008—18.3%2.02x1.93x
Golder, Thoma, Cressey & Rauner Fund IIGolder, Thoma, Cressey, Raunerbuyout1984—18.3%3.68x3.68x
Trident IX LPStone Pointbuyout2022—18.3%1.30x0.12x
Darwin Venture Capital Fund of Funds II LPDarwin Venture Capitalventure capital2006—18.3%3.58x2.16x
Thoma Cressey Fund VIII LPThoma Cressey Equity Partnersbuyout2006—18.3%2.93x2.93x
XV Thoma Bravo XV Co-Invest—co investment2022—18.3%—0.00x
Charterhouse Capital Partners X, L.P.Charterhouse Capital Partnersbuyout2016—18.3%1.70x1.73x
Aurora Equity Partners IV, L.P.Aurora Capital Partnersventure capital2012—18.2%—2.06x
Lexington Capital Partners V, L.P.Lexington Partnerssecondaries2001—18.2%1.68x1.67x

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).