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 |
|---|---|---|---|---|---|---|---|
| GS Partners Ventures III LLC | GroveStreet | buyout | 2013 | — | 18.2% | 2.98x | 1.97x |
| Horizon Impact Fund | Horizon | growth equity | 2014 | — | 18.2% | 2.30x | 1.73x |
| Olympus V -AIG Secondary | Olympus | growth equity | 2009 | — | 18.2% | 1.96x | 1.91x |
| CenterGate I | CenterGate | buyout | 2016 | — | 18.2% | 1.74x | 1.01x |
| Ridgemont Equity Partners II | Ridgemont Equity | buyout | 2015 | — | 18.2% | 1.90x | 1.48x |
| Strategic Partners V, LP | Strategic | secondaries | 2011 | — | 18.2% | 1.61x | 1.61x |
| Welsh, Carson, Anderson & Stowe | Welsh, Carson, Anderson & Stowe | buyout | 1987 | — | 18.2% | 2.62x | 2.62x |
| Dyal Capital Partners V | Dyal Capital Partners | secondaries | 2020 | — | 18.2% | 1.28x | 0.58x |
| K5 Private Investors, L.P. | K5 Private | buyout | 2021 | — | 18.2% | 1.59x | 0.06x |
| Leeds Equity Partners V, L.P. | Leeds | buyout | 2007 | — | 18.2% | 2.51x | 2.41x |
| Flagship Pioneering Fund VIII, L.P. | Flagship Ventures | venture capital | — | — | 18.1% | 1.17x | 0.00x |
| Green Equity Investors V | Green | buyout | 2006 | — | 18.1% | 2.22x | 2.22x |
| Z Capital Partners III, L.P. | — | buyout | 2017 | — | 18.1% | 1.95x | 0.59x |
| PAI Europe VIII, L.P. | PAI Partners | buyout | 2023 | — | 18.1% | 1.20x | — |
| (Lexington) LCP FSBA Co-Invest Account LP | Lexington Partners | co investment | 2016 | — | 18.1% | 1.76x | 0.81x |
| H.I.G. Whitehorse FSBA LP | H.I.G. Capital | growth equity | 2023 | — | 18.1% | 1.12x | 0.00x |
| Greenfield VIII | Green | buyout | 2017 | — | 18.1% | 1.60x | 1.18x |
| Bayview Opportunity Master Fund II-B, L.P. | Bayview Opportunity Master | buyout | 2008 | — | 18.1% | 1.51x | 1.51x |
| Spark Capital Growth Fund II | Spark | growth equity | 2017 | — | 18.1% | 2.10x | 1.26x |
| Forecastle, L.P. | Forecastle, L.P | buyout | 2020 | — | 18.1% | 1.45x | 0.01x |
| Lime Rock Partners VII, L.P. | Lime Rock Partners | buyout | 2015 | — | 18.1% | 1.93x | 1.62x |
| Olympu.< Growth Fund V, LP | Olympus Partners | growth equity | 2007 | — | 18.1% | — | 0.85x |
| Orbimed Private Investments III, LP | OrbiMed | private equity | 2006 | — | 18.1% | 2.34x | 1.48x |
| Project Forge | — | buyout | 2019 | — | 18.1% | 2.56x | 0.59x |
| Yellow Wood Partners | Yellow Wood Partners | growth equity | 2011 | — | 18.1% | 1.48x | 1.48x |
| Francisco Partners V LP | Francisco Partners | buyout | 2018 | — | 18.1% | 2.30x | 0.93x |
| HarbourVest Partners Co-Investment V | HarbourVest Partners (Canada) | secondaries | 2019 | — | 18.1% | 2.14x | 0.76x |
| Carlyle Asia Partners, L.P. | Carlyle Group | buyout | 2000 | — | 18.0% | 2.70x | 2.70x |
| Valor Equity Partners V, L.P. | Valor Equity Partners | growth equity | 2020 | — | 18.0% | 1.86x | 0.06x |
| Khosla Ventures Seed B | Khosla Ventures | venture capital | 2012 | — | 18.0% | 3.55x | 3.21x |
| KKR Asian Fund III, L.P. | Kohlberg Kravis Roberts | buyout | 2018 | — | 18.0% | 1.98x | 1.02x |
| Arsenal Capital Partners QPF | Arsenal | growth equity | 2003 | — | 18.0% | 1.56x | 1.56x |
| NYCERS - 2015 Emerging Manager Program | NYCERS - 2015 Emerging Manager Program5 | fund of funds | 2015 | — | 18.0% | 2.15x | 0.74x |
| Court Square Capital Partners III | Court Square Capital Partners | buyout | 2012 | — | 18.0% | 1.48x | 1.48x |
| FP Co-Investment VI | FP Co | co investment | 2023 | — | 18.0% | 1.23x | 0.01x |
| RCF Private Equity Fund I, L.P. | Resource Capital Funds | buyout | 2017 | — | 18.0% | 1.87x | 1.09x |
| NeoTribe Ventures I | Neotribe Ventures | venture capital | 2017 | — | 17.9% | 2.34x | 0.67x |
| Odyssey Investment Partners Fund VI | Odyssey Investment Partners | buyout | 2020 | — | 17.9% | 1.76x | 0.17x |
| TrueBridge Blockchain I LP | TrueBridge Capital Partners | buyout | 2022 | — | 17.9% | 1.29x | 0.00x |
| Bain Capital Europe III, L.P. | Bain Capital | buyout | 2007 | — | 17.9% | 1.90x | 1.51x |
| Grandval, L.P. | Grandval | buyout | 2018 | — | 17.9% | 1.91x | 0.30x |
| LLR Equity Partners III | LLR | buyout | 2008 | — | 17.9% | 2.40x | 2.40x |
| WPEF VII Feeder LP | Waterland | buyout | 2018 | — | 17.9% | 1.75x | 0.64x |
| FP Venture 2014 | — | venture capital | 2014 | — | 17.9% | 3.32x | 1.33x |
| Spectrum Equity Investors V, L.P. | Spectrum Equity | growth equity | 2006 | — | 17.9% | 2.44x | 2.43x |
| Harvest Partners V, L.P. | Harvest | buyout | 2006 | — | 17.9% | 1.87x | 1.87x |
| Abbott Capital Private Equity Fund VII, L.P. | Abbott | fund of funds | 2014 | — | 17.8% | 2.37x | 1.50x |
| Fisher Lynch Co-Investment Partnership IV, L.P. | Fisher Lynch Capital | co investment | 2019 | — | 17.8% | 2.00x | 0.95x |
| Summit Partners Venture Capital Fund III-A, L.P. | Summit Partners | venture capital | 2012 | — | 17.8% | 2.28x | 1.95x |
| Summit Venture Capital III | Summit Partners | venture capital | 2011 | — | 17.8% | 2.11x | 1.82x |
| Technology Impact Growth Fund | Technology Impact | growth equity | 2018 | — | 17.8% | 1.85x | 0.60x |
| SVB Venture Overage Fund LP | SVB | venture capital | 2015 | — | 17.8% | 2.48x | 2.00x |
| Lexington Co-Investment Partners 2005 (Pool III), L.P. | Lexington Partners | co investment | 2003 | — | 17.8% | 2.05x | 1.53x |
| Welsh, Carson, Anderson & Stowe XIII | Welsh, Carson, Anderson & Stowe | buyout | 2019 | — | 17.8% | 1.64x | 0.63x |
| Huff Alternative Income Fund | The Huff Companies | buyout | 1994 | — | 17.8% | 1.60x | 1.59x |
| PAI Partners VIII-1 SCSp | PAI Partners | buyout | 2022 | — | 17.8% | 1.20x | — |
| Unity Partners Fund I | UNICORN | venture capital | 2024 | — | 17.8% | — | — |
| Horsley Bridge International V, L.P. | HORSLEY BRIDGE VENTURE | venture capital | 2008 | — | 17.7% | 3.65x | 1.85x |
| Providence Strategic Growth Europe, L.P. | Providence | growth equity | 2021 | — | 17.7% | 1.50x | 0.47x |
| Greycroft Partners II | Greycroft | private equity | 2010 | — | 17.7% | 2.42x | 1.83x |
| Fairview Constitution III, L.P. | Fairview Capital Partners | buyout | 2007 | — | 17.7% | 2.80x | 2.50x |
| Bessemer Venture Partners VIII | Bessemer Venture Partners | venture capital | 2011 | — | 17.7% | 1.40x | 1.40x |
| HealthQuest Partners IV | HealthQuest Capital | buyout | 2023 | — | 17.7% | 1.20x | — |
| Lexington Co-Investment Partners VI | Lexington Partners | co investment | 2023 | — | 17.7% | 1.07x | 0.00x |
| Peak XV Partners India Seed Fund I | Peak | venture capital | 2019 | — | 17.7% | 2.14x | 0.17x |
| Sterling Capital Partners, L.P. | Sterling Group | buyout | 2002 | — | 17.7% | 1.98x | 1.97x |
| Welsh, Carson, Anderson & Stowe VII, LP | Welsh, Carson, Anderson & Stowe | buyout | 1995 | — | 17.7% | 2.20x | 2.18x |
| Thomas H. Lee Equity Fund VII, L.P. | Thomas H. Lee Partners | buyout | 2016 | — | 17.7% | 1.72x | 1.38x |
| HgCapital 7 C L.P. | Hg Capital | buyout | 2013 | — | 17.7% | 2.28x | 2.16x |
| Hamilton Lane Venture Capital Fund, L.P. (Series 2015) | Hamilton Lane | venture capital | 2015 | — | 17.7% | 2.75x | 0.84x |
| AlpInvest C Fund II LP | Carlyle Group | buyout | 2021 | — | 17.6% | 1.47x | 0.07x |
| Summit Venture Capital III PE | Summit Partners | venture capital | 2011 | — | 17.6% | 1.95x | 1.81x |
| Arsenal Capital Partners QPF B | Arsenal | growth equity | 2003 | — | 17.6% | 1.54x | 1.54x |
| AI Co-Investment I-A | AI Co | co investment | 2023 | — | 17.6% | 1.50x | — |
| HVP Buyouts X | HVP Buyouts | buyout | 2015 | — | 17.6% | 1.80x | 0.87x |
| SilverStone II, LLC Series H (Small Secondaries) | SilverStone | buyout | 2017 | — | 17.6% | 1.91x | 1.08x |
| CVC European Equity Partners V, L.P.7 | CVC | buyout | 2008 | — | 17.6% | 1.99x | 1.97x |
| ISQ III Co-Investment | ISQ | co investment | 2021 | — | 17.6% | 1.28x | 0.01x |
| 2014 Co-Investment Fund III | — | co investment | 2014 | — | 17.5% | 2.43x | 1.49x |
| Tenaya Capital V-P, L.P. | Tenaya Capital | buyout | 2007 | — | 17.5% | 2.18x | 2.09x |
| ASF VII NYC Co-Invest L.P. | ASF | buyout | 2015 | — | 17.5% | 1.82x | 1.25x |
| RCP Fund VII Feeder Fund, L.P. | RCP | buyout | 2011 | — | 17.5% | 2.10x | 1.70x |
| RCP Fund X LP | RCP | buyout | 2015 | — | 17.5% | 2.09x | 1.24x |
| Roark Capital Partners VI | Roark | buyout | 2021 | — | 17.5% | 1.47x | 0.15x |
| Webster Capital IV, L.P. | Webster Capital Management | buyout | 2018 | — | 17.5% | 1.97x | 1.11x |
| Brookfield Cap Partners VI | Brookfield Asset Management | buyout | 2022 | — | 17.5% | — | — |
| Next Coast Ventures I, L.P. | Next Coast Ventures | private equity | 2016 | — | 17.4% | 2.39x | 0.76x |
| TPG Asia VIII | TPG | buyout | 2023 | — | 17.4% | 1.30x | 0.09x |
| NewView Capital Fund III, L.P. | NewView Capital | growth equity | 2022 | — | 17.4% | 1.10x | — |
| Moelis Capital Partners Opp. Fund I-B LP | Moelis Capital Partners | private equity | 2014 | — | 17.4% | 1.93x | 1.79x |
| HarbourVest -Dover Street IX | Nexus | fund of funds | 2016 | — | 17.4% | 1.66x | 1.20x |
| Sequoia Capital (Legacy Funds) | Sequoia Capital | venture capital | 1999 | — | 17.4% | 5.44x | 3.19x |
| Lexington Capital Partners X | Lexington Partners | secondaries | 2022 | — | 17.4% | 1.30x | 0.14x |
| HarbourVest IX-Buyout | HarbourVest Partners (Canada) | venture capital | 2011 | — | 17.4% | 2.22x | 1.69x |
| Inflexion Buyout Fund IV PE | Inflexion | buyout | 2014 | — | 17.4% | 1.66x | 0.68x |
| EQT X (Co-Invest) | EQT | buyout | 2022 | — | 17.4% | 1.21x | 0.01x |
| HVP HIPEP VII | HVP HIPEP | fund of funds | 2014 | — | 17.4% | 2.10x | 1.02x |
| Hg Saturn | Hg Capital | buyout | 2022 | — | 17.4% | 1.14x | — |
| Providence Strategic Growth III | Providence | growth equity | 2018 | — | 17.4% | 1.85x | 1.22x |
| Hg Capital 7 | Hg Capital | buyout | 2013 | — | 17.4% | 2.15x | 2.05x |
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).