/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
GS Partners Ventures III LLCGroveStreetbuyout2013—18.2%2.98x1.97x
Horizon Impact FundHorizongrowth equity2014—18.2%2.30x1.73x
Olympus V -AIG SecondaryOlympusgrowth equity2009—18.2%1.96x1.91x
CenterGate ICenterGatebuyout2016—18.2%1.74x1.01x
Ridgemont Equity Partners IIRidgemont Equitybuyout2015—18.2%1.90x1.48x
Strategic Partners V, LPStrategicsecondaries2011—18.2%1.61x1.61x
Welsh, Carson, Anderson & StoweWelsh, Carson, Anderson & Stowebuyout1987—18.2%2.62x2.62x
Dyal Capital Partners VDyal Capital Partnerssecondaries2020—18.2%1.28x0.58x
K5 Private Investors, L.P.K5 Privatebuyout2021—18.2%1.59x0.06x
Leeds Equity Partners V, L.P.Leedsbuyout2007—18.2%2.51x2.41x
Flagship Pioneering Fund VIII, L.P.Flagship Venturesventure capital——18.1%1.17x0.00x
Green Equity Investors VGreenbuyout2006—18.1%2.22x2.22x
Z Capital Partners III, L.P.—buyout2017—18.1%1.95x0.59x
PAI Europe VIII, L.P.PAI Partnersbuyout2023—18.1%1.20x—
(Lexington) LCP FSBA Co-Invest Account LPLexington Partnersco investment2016—18.1%1.76x0.81x
H.I.G. Whitehorse FSBA LPH.I.G. Capitalgrowth equity2023—18.1%1.12x0.00x
Greenfield VIIIGreenbuyout2017—18.1%1.60x1.18x
Bayview Opportunity Master Fund II-B, L.P.Bayview Opportunity Masterbuyout2008—18.1%1.51x1.51x
Spark Capital Growth Fund IISparkgrowth equity2017—18.1%2.10x1.26x
Forecastle, L.P.Forecastle, L.Pbuyout2020—18.1%1.45x0.01x
Lime Rock Partners VII, L.P.Lime Rock Partnersbuyout2015—18.1%1.93x1.62x
Olympu.< Growth Fund V, LPOlympus Partnersgrowth equity2007—18.1%—0.85x
Orbimed Private Investments III, LPOrbiMedprivate equity2006—18.1%2.34x1.48x
Project Forge—buyout2019—18.1%2.56x0.59x
Yellow Wood PartnersYellow Wood Partnersgrowth equity2011—18.1%1.48x1.48x
Francisco Partners V LPFrancisco Partnersbuyout2018—18.1%2.30x0.93x
HarbourVest Partners Co-Investment VHarbourVest Partners (Canada)secondaries2019—18.1%2.14x0.76x
Carlyle Asia Partners, L.P.Carlyle Groupbuyout2000—18.0%2.70x2.70x
Valor Equity Partners V, L.P.Valor Equity Partnersgrowth equity2020—18.0%1.86x0.06x
Khosla Ventures Seed BKhosla Venturesventure capital2012—18.0%3.55x3.21x
KKR Asian Fund III, L.P.Kohlberg Kravis Robertsbuyout2018—18.0%1.98x1.02x
Arsenal Capital Partners QPFArsenalgrowth equity2003—18.0%1.56x1.56x
NYCERS - 2015 Emerging Manager ProgramNYCERS - 2015 Emerging Manager Program5fund of funds2015—18.0%2.15x0.74x
Court Square Capital Partners IIICourt Square Capital Partnersbuyout2012—18.0%1.48x1.48x
FP Co-Investment VIFP Coco investment2023—18.0%1.23x0.01x
RCF Private Equity Fund I, L.P.Resource Capital Fundsbuyout2017—18.0%1.87x1.09x
NeoTribe Ventures INeotribe Venturesventure capital2017—17.9%2.34x0.67x
Odyssey Investment Partners Fund VIOdyssey Investment Partnersbuyout2020—17.9%1.76x0.17x
TrueBridge Blockchain I LPTrueBridge Capital Partnersbuyout2022—17.9%1.29x0.00x
Bain Capital Europe III, L.P.Bain Capitalbuyout2007—17.9%1.90x1.51x
Grandval, L.P.Grandvalbuyout2018—17.9%1.91x0.30x
LLR Equity Partners IIILLRbuyout2008—17.9%2.40x2.40x
WPEF VII Feeder LPWaterlandbuyout2018—17.9%1.75x0.64x
FP Venture 2014—venture capital2014—17.9%3.32x1.33x
Spectrum Equity Investors V, L.P.Spectrum Equitygrowth equity2006—17.9%2.44x2.43x
Harvest Partners V, L.P.Harvestbuyout2006—17.9%1.87x1.87x
Abbott Capital Private Equity Fund VII, L.P.Abbottfund of funds2014—17.8%2.37x1.50x
Fisher Lynch Co-Investment Partnership IV, L.P.Fisher Lynch Capitalco investment2019—17.8%2.00x0.95x
Summit Partners Venture Capital Fund III-A, L.P.Summit Partnersventure capital2012—17.8%2.28x1.95x
Summit Venture Capital IIISummit Partnersventure capital2011—17.8%2.11x1.82x
Technology Impact Growth FundTechnology Impactgrowth equity2018—17.8%1.85x0.60x
SVB Venture Overage Fund LPSVBventure capital2015—17.8%2.48x2.00x
Lexington Co-Investment Partners 2005 (Pool III), L.P.Lexington Partnersco investment2003—17.8%2.05x1.53x
Welsh, Carson, Anderson & Stowe XIIIWelsh, Carson, Anderson & Stowebuyout2019—17.8%1.64x0.63x
Huff Alternative Income FundThe Huff Companiesbuyout1994—17.8%1.60x1.59x
PAI Partners VIII-1 SCSpPAI Partnersbuyout2022—17.8%1.20x—
Unity Partners Fund IUNICORNventure capital2024—17.8%——
Horsley Bridge International V, L.P.HORSLEY BRIDGE VENTUREventure capital2008—17.7%3.65x1.85x
Providence Strategic Growth Europe, L.P.Providencegrowth equity2021—17.7%1.50x0.47x
Greycroft Partners IIGreycroftprivate equity2010—17.7%2.42x1.83x
Fairview Constitution III, L.P.Fairview Capital Partnersbuyout2007—17.7%2.80x2.50x
Bessemer Venture Partners VIIIBessemer Venture Partnersventure capital2011—17.7%1.40x1.40x
HealthQuest Partners IVHealthQuest Capitalbuyout2023—17.7%1.20x—
Lexington Co-Investment Partners VILexington Partnersco investment2023—17.7%1.07x0.00x
Peak XV Partners India Seed Fund IPeak Rock Capitalventure capital2019—17.7%2.14x0.17x
Sterling Capital Partners, L.P.Sterling Groupbuyout2002—17.7%1.98x1.97x
Welsh, Carson, Anderson & Stowe VII, LPWelsh, Carson, Anderson & Stowebuyout1995—17.7%2.20x2.18x
Thomas H. Lee Equity Fund VII, L.P.Thomas H. Lee Partnersbuyout2016—17.7%1.72x1.38x
HgCapital 7 C L.P.Hg Capitalbuyout2013—17.7%2.28x2.16x
Hamilton Lane Venture Capital Fund, L.P. (Series 2015)Hamilton Laneventure capital2015—17.7%2.75x0.84x
AlpInvest C Fund II LPCarlyle Groupbuyout2021—17.6%1.47x0.07x
Summit Venture Capital III PESummit Partnersventure capital2011—17.6%1.95x1.81x
Arsenal Capital Partners QPF BArsenalgrowth equity2003—17.6%1.54x1.54x
AI Co-Investment I-AAI Coco investment2023—17.6%1.50x—
HVP Buyouts XHVP Buyoutsbuyout2015—17.6%1.80x0.87x
SilverStone II, LLC Series H (Small Secondaries)SilverStonebuyout2017—17.6%1.91x1.08x
CVC European Equity Partners V, L.P.7CVCbuyout2008—17.6%1.99x1.97x
ISQ III Co-InvestmentISQco investment2021—17.6%1.28x0.01x
2014 Co-Investment Fund III—co investment2014—17.5%2.43x1.49x
Tenaya Capital V-P, L.P.Tenaya Capitalbuyout2007—17.5%2.18x2.09x
ASF VII NYC Co-Invest L.P.ASFbuyout2015—17.5%1.82x1.25x
RCP Fund VII Feeder Fund, L.P.RCPbuyout2011—17.5%2.10x1.70x
RCP Fund X LPRCPbuyout2015—17.5%2.09x1.24x
Roark Capital Partners VIRoarkbuyout2021—17.5%1.47x0.15x
Webster Capital IV, L.P.Webster Capital Managementbuyout2018—17.5%1.97x1.11x
Brookfield Cap Partners VIBrookfield Asset Managementbuyout2022—17.5%——
Next Coast Ventures I, L.P.Next Coast Venturesprivate equity2016—17.4%2.39x0.76x
TPG Asia VIIITPGbuyout2023—17.4%1.30x0.09x
NewView Capital Fund III, L.P.NewView Capitalgrowth equity2022—17.4%1.10x—
Moelis Capital Partners Opp. Fund I-B LPMoelis Capital Partnersprivate equity2014—17.4%1.93x1.79x
HarbourVest -Dover Street IXNexusfund of funds2016—17.4%1.66x1.20x
Sequoia Capital (Legacy Funds)Sequoia Capitalventure capital1999—17.4%5.44x3.19x
Lexington Capital Partners XLexington Partnerssecondaries2022—17.4%1.30x0.14x
HarbourVest IX-BuyoutHarbourVest Partners (Canada)venture capital2011—17.4%2.22x1.69x
Inflexion Buyout Fund IV PEInflexionbuyout2014—17.4%1.66x0.68x
EQT X (Co-Invest)EQTbuyout2022—17.4%1.21x0.01x
HVP HIPEP VIIHVP HIPEPfund of funds2014—17.4%2.10x1.02x
Hg SaturnHg Capitalbuyout2022—17.4%1.14x—
Providence Strategic Growth IIIProvidencegrowth equity2018—17.4%1.85x1.22x
Hg Capital 7Hg Capitalbuyout2013—17.4%2.15x2.05x

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).