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
TTCP NMERB SMA, L.P.TTCP NMERB SMAventure capital2017—14.8%1.97x0.56x
Adams Street 2016 Global FundAdams Street Partnersgrowth equity2016—14.8%1.94x0.78x
Northbound NCRS Fund, L.P.Northbuyout2015—14.8%2.10x0.78x
Frazier Healthcare Ventures V, L.P.Frazier Healthcare Partnersventure capital2005—14.7%2.28x2.28x
Hancock AgriculturalJohn Hancockbuyout1998—14.7%3.67x2.36x
KBA Partners, L.P.KBAbuyout1987—14.7%2.20x2.15x
Sofinnova Venture Partners VIISofinnova Venturesventure capital2007—14.7%1.71x1.71x
Mission Bay Capital IIMission Bay Capitalbuyout2015—14.7%2.35x0.98x
Platinum Equity Capital Partners IV Co-InvestmentPlatinumbuyout2018—14.7%2.03x0.00x
Clarus Lifesciences II, L.P.Clarusventure capital2008—14.7%1.84x1.79x
WindRose Health Investors V LPWindRose Health Investorsbuyout2019—14.7%1.69x0.39x
Altimeter Growth Partners Fund VI, L.P.Altimeter Capitalgrowth equity——14.7%1.49x0.01x
Platinum Equity Capital Partners IV, L.P. (Co-Invest)Platinumco investment2018—14.7%2.03x0.14x
Canaan VII, L.P.Canaan Partnersventure capital2005—14.6%2.53x2.33x
Tenex Capital Partners, L.P.Tenex Capital Managementbuyout2011—14.6%1.54x1.51x
Palladium VPalladiumbuyout2018—14.6%1.65x0.64x
HarbourVest Partners Co-Investment VIHarbourVest Partners (Canada)secondaries2021—14.6%1.38x0.02x
RLH IVRlhbuyout2017—14.6%1.58x0.39x
Main Post Growth Capital II, L.P.MAINgrowth equity——14.6%1.84x0.47x
Summit Partners Co-Invest (Lions)Summit Partnersgrowth equity2020—14.6%1.93x0.02x
Silver Lake Technology Investors V, L.P.Silver Lake Partnersgrowth equity2018—14.6%1.86x0.74x
ICG Europe Fund VII Feeder SCSpIntermediate Capital Groupbuyout2018—14.6%1.64x1.24x
Snow Phipps II AIV LPSnow Phippsbuyout2010—14.6%1.37x1.37x
TDR Co-InvestmentTDRco investment2016—14.6%2.83x2.04x
Trilantic Capital Partners III (fka LBMB III)Trilanticbuyout2004—14.6%1.64x1.64x
EQT VII, L.P. American Securities Partners VII, L.P.EQT Partnersbuyout2015—14.6%—1.47x
Lime Rock Partners IV, LPLime Rock Partnersbuyout2006—14.6%2.91x2.91x
North Sky Capital LBO Fund III, L.P.North Skybuyout2014—14.6%1.53x1.43x
ICG Strategic Equity Fund IVIntermediate Capital Groupsecondaries2021—14.5%1.35x0.28x
SkyKnight Financial Holdings, L.P.SkyKnight Capitalbuyout——14.5%1.15x—
Blackstone Capital Partners III, L.P.The Blackstone Groupbuyout1997—14.5%2.00x2.00x
Kainos Capital Partners II LPKainosbuyout——14.5%1.52x1.31x
Warburg Pincus Private Equity VIII, L.P.Warburg Pincusgrowth equity2001—14.5%2.20x2.24x
Carnelian Energy Capital IV LPCARNELIAN ENERGY CAPITALbuyout2022—14.5%1.21x0.70x
Affinity Asia Pacific Fund IV, L.P.Affinity Equity Partnersbuyout2013—14.5%1.66x1.26x
Iconiq Strategic Partners IV L.P.ICONIQsecondaries2019—14.5%1.81x0.82x
New 2ND Capital N SidecarNew 2nd Capitalsecondaries2023—14.5%1.20x0.07x
New Mountain Partners III LPNew Mountain Capitalbuyout2007—14.5%2.40x2.37x
Program Harbourvest Centre Street Co-InvestmentHarbourVest Partners (Canada)buyout2021—14.5%—0.03x
LAV Biosciences Fund IV, L.P.Lilly Asia Venturesventure capital2017—14.5%1.85x1.11x
Frazier Technology Ventures II, L.P.Frazier Healthcare Partnersventure capital2004—14.4%4.46x4.46x
Industry Ventures Partnership Holdings IV - SecondaryIndustry Venturesventure capital2019—14.4%2.16x0.60x
Summit Partners Europe Growth Equity Fund III, SCSPSummit Partnersgrowth equity2020—14.4%1.47x0.25x
Neuberger Berman Secondary Opportunities Fund II, L.P.Neuberger Bermansecondaries2008—14.4%—1.54x
Shamrock Capital Content Fund II, L.P.Shamrock Capitalgrowth equity2020—14.4%1.39x0.44x
Lexington Capital Partners IXLexington Partnerssecondaries2019—14.4%1.54x0.54x
H.I.G Bayside Loan Opportunity Fund VH.I.G. Capitalgrowth equity2019—14.4%1.86x0.82x
Permira VI, L.P.Permirabuyout2017—14.4%2.02x1.16x
Carlyle Partners VI, L.P. (Side Car) Landmark Equity Partners XV, L.P.Carlyle Groupbuyout2014—14.4%—1.35x
Vector Capital IVVectorbuyout2007—14.4%2.05x2.05x
Angeles Equity Partners IAngeles Equitybuyout2015—14.4%2.33x1.00x
Palladium Equity Partners IIIPalladiumbuyout2004—14.4%1.86x1.86x
SPC Partners III, L.P.SPC LPbuyout2003—14.4%1.94x1.94x
ABRY Senior Equity Partners IV, L.P.ABRY Partnersbuyout2012—14.4%1.75x1.66x
Accel-KKR Capital Partners CV IV Strategic Fund LPAccel-KKRbuyout2022—14.4%1.41x0.49x
Shamrock Capilal Growth Fund 111, L.P.Shamrock Capitalgrowth equity2010—14.4%2.39x1.44x
Main Capital VIII Coöperatief U.A.MAINbuyout2024—14.4%1.08x0.00x
Ind Vent - DirectIND VENT - DIRECTventure capital——14.3%——
Accel VI-S, L.P.Accelventure capital2001—14.3%4.56x4.43x
Lime Rock Partners IV AF, L.P.Lime Rock Partnersbuyout2018—14.3%1.45x0.02x
SVB Capital Partners III LPSVBbuyout2014—14.3%2.26x1.77x
ICG Europe Fund VIIIntermediate Capital Groupbuyout2018—14.3%1.60x0.73x
H.I.G. Bayside Debt & LBO Fund IIH.I.G. Capitalgrowth equity2008—14.3%1.54x0.74x
Inflexion Buyout Fund IV LPInflexionbuyout2015—14.3%1.71x1.33x
Bronx Whitestone Capital Partners III, L.P.Bronx Whitestonebuyout2006—14.3%1.24x0.08x
Mill Road Capital III, L.P.Mill Roadbuyout2011—14.3%1.39x0.44x
Castle Harlan Partners IVCastlebuyout2002—14.3%1.38x1.39x
Hg Saturn 2 A LPHg Capitalbuyout2020—14.3%1.46x0.29x
Wind Point Partners IXWind Point Partnersbuyout2019—14.3%1.57x0.52x
KLCP Domestic Fund III LPKlcp Domesticbuyout2022—14.3%1.31x0.00x
Juggernaut Capital Partners IV, L.P.Juggernaut Capitalbuyout2018—14.2%1.72x0.18x
Ares Corporate Opportunities Fund IVAresbuyout2012—14.2%1.90x1.76x
Thoma Bravo Fund XVThoma Bravobuyout2022—14.2%1.40x0.09x
Industry Ventures Partnership Holdings IVIndustry Venturessecondaries2015—14.2%2.14x0.59x
Advent Global Technology IIAdvent Internationalbuyout2021—14.2%1.36x0.00x
Advent Global Technology IIrAdvent Internationalbuyout2021—14.2%1.40x—
RCP Advisors Fund V, L.P.RCPbuyout2001—14.2%1.80x1.78x
RCP Fund V LPRCPbuyout2007—14.2%1.80x1.80x
JLL Partners Fund VIIJLL Partnersbuyout2014—14.2%1.19x1.19x
Nordic Capital Fund X, L.P.Nordic Capitalbuyout2021—14.2%1.50x0.20x
Francisco Partners VI LPFrancisco Partnersbuyout2021—14.2%1.50x0.17x
Lexington Capital Partners VIIILexington Partnersprivate equity2014—14.1%1.65x1.19x
Adams Street Partnership Fund 2012, L.P.Adams Street Partnersfund of funds2012—14.1%2.10x1.10x
Northwest Emerging Ventures IIIGrove Streetventure capital2008—14.1%2.13x1.11x
Lexington Capital Partners VII LPLexington Partnerssecondaries2009—14.1%1.65x1.63x
AIG Indian Sectoral EQ FundAIG Indian Sectoral EQgrowth equity1997—14.1%2.07x2.07x
Littlejohn Fund IVLittlejohnbuyout2010—14.1%1.92x1.90x
DRA Growth and Income Fund IXDRA Advisorsgrowth equity2017—14.1%1.61x1.36x
GCM Grosvenor NYCERS Emerging Manager Co-Investment Fund, L.P.GCM Grosvenorco investment2008—14.1%1.79x1.79x
Landmark NYC Fund L.P.Landmark Partnerssecondaries2013—14.1%1.74x1.24x
Prudential Capital Partners III, L.P.Prudential Financialbuyout2009—14.1%1.72x1.70x
TPG Growth IV LPTPGgrowth equity2018—14.1%1.70x0.99x
Green Equity Investors IXLeonard Greenprivate equity2023—14.1%1.14x0.06x
SV Life Sciences Fund VI, L.P.SV Life Sciencesventure capital2015—14.0%1.58x1.22x
RedBird Series 2019, LPRedBird Capital Partnersbuyout2019—14.0%1.49x0.56x
Hamilton Lane Venture Capital Fund, L.P. (Series 2011)Hamilton Laneventure capital2011—14.0%2.66x1.84x
GI Partners Fund IV, L.P.GI Partnersbuyout2014—14.0%2.09x1.57x
Adams Street 2011 Non-US Developed MarketsAdams Street Partnersgrowth equity2011—14.0%2.20x1.62x
Carlyle Asia Partners IV PECarlyle Groupbuyout2014—14.0%1.58x0.90x
TDR Capital IVTDRbuyout2018—14.0%1.58x0.33x

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).