/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
Drive Capital Overdrive Fund IDrive Capitalventure capital2019—16.6%2.22x0.00x
Carlyle Europe PartnersCarlyle Groupbuyout1998—16.6%2.00x2.04x
IPI Partners IIIpibuyout2020—16.6%1.28x0.01x
CVC European Equity Partners IVCVCbuyout2005—16.6%1.86x1.86x
CVC Europe Equity Partners IV, L.P.CVCbuyout2005—16.6%1.96x1.96x
AmpersandAmpersandbuyout2006—16.6%3.12x3.12x
PAG Asia I LPPAGbuyout2012—16.6%2.01x1.93x
Mayfield Select IIrMayfield Fundventure capital2021—16.6%1.40x—
Advent International GPE VI-D LPAdvent Internationalbuyout2008—16.6%2.09x2.09x
GPE IX TKE Co-InvestmentGpeco investment2020—16.6%2.22x—
RCP Advisors Fund VI, L.P.RCPbuyout2001—16.6%2.17x1.88x
Rhône Partners VRhônebuyout2015—16.6%2.07x1.02x
Equistone Partners Europe Fund VI LPEquistone Partners Europebuyout2018—16.6%1.59x1.06x
Pathway Private Equity Fund Investors 8Pathway Capital Managementfund of funds2016—16.6%2.13x0.01x
Updata Co-InvestmentUpdata Partnersco investment2014—16.5%2.83x2.83x
TPG Golden Bear Partners, L.P.TPGbuyout2019—16.5%1.75x0.19x
Advent International GPE XAdvent Internationalbuyout2022—16.5%1.34x0.02x
Abbott Capital Private Equity Investors 2013Abbottbuyout2013—16.5%2.30x1.59x
Blue Point Capital Partners III (B), L.P.Blue Pointbuyout2013—16.5%1.80x1.38x
Kohlberg Investors VI LPKohlberg Investorsbuyout2007—16.4%1.75x1.75x
TCG Crossover FundTCG Crossoverbuyout2021—16.4%1.42x0.71x
Equistone Partners Europe Fund VI "E" SCSpEquistone Partners Europebuyout2018—16.4%1.58x1.06x
Kohlberg Investors VIII, L.P.Kohlberg Investorsbuyout2017—16.4%1.85x0.81x
Sixth Street Opportunities Partners II, L.P.Sixth Streetbuyout2012—16.4%1.70x1.73x
Providence Strategic Growth V L.P.Providencegrowth equity2021—16.4%——
Tenaya Capital Fund VII, L.P.Tenaya Capitalbuyout2015—16.4%2.59x0.45x
KKR Millennium Fund, L.P.Kohlberg Kravis Robertsbuyout2002—16.4%1.84x1.84x
Thomas, McNerney & Partners IIThomas, McNerney & Partnersbuyout2006—16.4%2.22x2.22x
Thomas, McNerney & Partners II, L.P.Thomas, McNerney & Partnersbuyout2006—16.4%2.22x2.22x
Barings Emerging Generation FundBarings BDCbuyout2020—16.4%1.52x0.18x
Lexington CIP V-F-O LPLexington Partnersbuyout2020—16.4%1.48x0.22x
Bain Capital Asia Fund II, LPBain Capitalbuyout2012—16.4%1.80x1.67x
HarbourVest Partners Co-Investment Fund VIHarbourVest Partners (Canada)co investment2021—16.4%1.38x0.02x
CVC European Equity Partners VCVCbuyout2008—16.4%1.98x1.95x
CVC European Equity Partners V (B) L.P.CVCbuyout2008—16.4%1.83x1.82x
Bridgepoint Europe VI, L.P.Bridgepointbuyout2018—16.4%1.87x0.82x
Abbott Capital Private Equity Investors 2014Abbottbuyout2014—16.4%2.30x1.49x
Levine Leichtman Capital Partners VI, L.P.Levine Leichtmanbuyout2011—16.4%1.66x0.69x
NYCFPF - 2012 Emerging Manager Program4NYCFPF - 2012 Emerging Manager Program4buyout2012—16.4%2.09x1.65x
NYCFPF - 2019 Emerging Manager Program6NYCFPF - 2019 Emerging Manager Program6buyout2019—16.4%1.47x0.18x
Portfolio Advisors Secondary Fund III, L.P.Portfolio Advisorssecondaries2015—16.4%1.72x1.00x
Aurora Resurgence FundAurora Capital Partnersventure capital2007—16.4%1.37x1.37x
Berk.<hire Fund VII L.P.—private equity2006—16.4%—1.23x
Caduceus Private Investments III, LPCaduceus Capital Partnersprivate equity2006—16.4%1.70x0.84x
NYCFPF 2012 Emerging Manager Program—fund of funds2012—16.4%2.09x1.65x
Southvest Fund VII, L.P.Southvestbuyout2016—16.4%1.90x0.88x
Gores Small Capitalization Partners, L.P.Goresbuyout2012—16.4%1.69x1.69x
Butterfly Fund II, LPButterflybuyout——16.3%1.73x0.71x
German Equity Partners V (ECM GEP V)German Equitybuyout2018—16.3%1.62x0.80x
KKR Asian Fund IVKohlberg Kravis Robertsbuyout2020—16.3%1.44x0.30x
StepStone Capital Partners III, L.P.Stepstone Groupbuyout2014—16.3%1.89x1.54x
TrueBridge-Kauffman Fellows Endowment Fund III (Parallel) LPTrueBridge Capital Partnersbuyout2013—16.3%3.31x1.75x
Advent International GPE VI AAdvent Internationalbuyout2008—16.3%2.09x2.01x
Hg Genesis 9Hgbuyout2020—16.3%1.55x0.41x
Lone Star Fund VIII (U.S.), L.P.Lone Star Japan Acquisitionsbuyout2013—16.3%1.20x1.24x
AXA Secondary Fund V-B LPArdiansecondaries2010—16.3%1.60x1.60x
Gasherbrum Fund II, L.P.Gasherbrumbuyout2024—16.3%1.21x0.34x
Kinderhook Capital Fund 7Kinderhookbuyout2022—16.3%1.36x0.07x
Tenaya Capital Fund VTenaya Capitalbuyout2007—16.3%2.09x2.01x
Adams Street Co-Investment Fund IV AAdams Street Partnersco investment2018—16.3%1.83x0.73x
Alta Partners VIIIAlta Partnersbuyout2006—16.3%2.47x2.47x
SV7 Impact Medicine Fund, L.P.SV7 Impact Medicineventure capital2019—16.2%1.50x0.62x
Ares Corporate Opportunities VI, L.P.Aresbuyout2020—16.2%1.39x0.36x
Threshold Ventures IIThreshold Venturesventure capital2016—16.2%2.70x0.31x
Olympus Growth Fund VIOlympus Partnersgrowth equity2014—16.2%2.00x2.00x
Lexington Co-Investment Partners V-F LPLexington Partnersco investment2021—16.2%1.46x0.17x
Carlyle Europe Technology Partners II, L.P.Carlyle Groupbuyout2008—16.2%1.86x1.84x
HarbourVest Ptrs VII PEHarbourVest Partners (Canada)fund of funds2014—16.2%2.19x1.26x
EnCap XEnCap Energy Capitalbuyout2015—16.2%2.11x1.65x
Abbott Capital Private Equity Investors 2015Abbottbuyout2015—16.2%2.20x1.22x
BC Partners XI Metro Co-Investment L.P.BC Partnersco investment2021—16.2%1.38x—
Pine Brook Road Partners, LLCPine Brookbuyout2007—16.2%1.52x0.44x
ABRY Senior Equity Partners III, L.P.ABRY Partnersbuyout2010—16.2%1.64x1.64x
Project Pueblo—growth equity2019—16.2%1.95x0.76x
Marlin Equity V, L.P.Marlin Equity Partnersbuyout2017—16.2%1.77x0.64x
Sequoia Global Growth Fund III - Endurance Partners, L.P.Sequoia Capitalgrowth equity2018—16.2%2.00x0.47x
New Mountain Partners VI, L.P.New Mountain Capitalbuyout2021—16.2%1.50x0.15x
Grove Street Partners Buyout II, L.P.GroveStreetbuyout2010—16.1%1.92x1.26x
Thoma Bravo XV Co-InvestThoma Bravoco investment2022—16.1%1.46x0.00x
A&M Capital Partners Europe IAlvarez & Marsal Capitalbuyout2018—16.1%1.71x0.05x
Bridgepoint Europe VI Co-InvestBridgepointbuyout2019—16.1%1.94x0.00x
Apax IXApaxbuyout2016—16.1%1.79x1.46x
Berkshire Fund VIII LPBerkshirebuyout2011—16.1%2.16x2.02x
FS Equity Partners V LPFreeman Spoglibuyout2003—16.1%2.10x2.10x
Gores Small Capital PartnersGoresbuyout2011—16.1%1.59x1.59x
Constitution Fund V, LLC Series AConstitutionbuyout2016—16.1%2.20x0.60x
Cypress Equity Group TrustCypress Realtybuyout1995—16.1%2.15x2.15x
FountainVest China Growth Cap Fund IIFountainVest Partnersgrowth equity2013—16.1%1.60x1.09x
Gallatin Point Capital Partners LPGallatin Point Capitalbuyout2018—16.1%1.48x0.56x
The Central Valley Fund II SBIC, LPThe Central Valleybuyout2012—16.1%2.45x0.69x
Water Street Healthcare Partners IVWater Street Healthcare Partnersbuyout2017—16.1%1.84x0.62x
Water Street IVWater Street Healthcare Partnersbuyout2018—16.1%1.84x0.62x
Wind Point Partners XWind Point Partnersbuyout2022—16.1%1.33x0.11x
Novak Biddle Venture Partners V, L.PNovak Biddle Venture Partnersventure capital2006—16.1%2.67x2.67x
RRJ Capital Master Fund IV, L.P.RRJbuyout2021—16.1%1.19x0.48x
Thoma Bravo Co-Invest Opportunities XV-1, L.P.Thoma Bravoco investment2022—16.1%1.46x0.00x
Secondary Overflow Fund IV L.P.Secondarysecondaries2019—16.1%1.40x0.20x
RCP Sun Co-Invest A LPRCPco investment——16.0%1.18x—
FTV VI, L.P.FTV Capitalbuyout2020—16.0%1.82x0.82x
Adams Street - 2010 U.S. FundAdams Street Partnersgrowth equity2010—16.0%2.60x2.04x

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).