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

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
FIMI Opportunity V	FIMI Opportunity Funds	buyout	2012	—	13.5%	2.32x	1.86x
FP Venture 2016	—	venture capital	2016	—	13.5%	1.99x	0.56x
Pathway	Pathway Capital Management	buyout	2011	—	13.5%	2.08x	1.80x
PAI Europe VII	PAI Partners	buyout	2019	—	13.4%	1.60x	0.38x
HarbourVest TMRS Polaris SMA L.P. (Tranche 1)	HarbourVest Partners (Canada)	fund of funds	—	—	13.4%	1.50x	0.19x
GI Mint Holdings, L.P.	—	buyout	2021	—	13.4%	1.55x	0.00x
Warburg Pincus Global Growth	Warburg Pincus	growth equity	2019	—	13.4%	1.75x	0.59x
Berkshire Fund IX LP	Berkshire	buyout	2017	—	13.4%	1.71x	0.67x
Biloxi Co-Investment Partners	Biloxi Co	co investment	2021	—	13.4%	1.70x	0.00x
Epiris Fund II, L.P.	Epiris	buyout	2018	—	13.4%	1.57x	0.73x
VIII-A NYCFPF - 2012 Emerging Manager Program Fund IV	VIII	buyout	2012	—	13.4%	—	2.07x
Hellman & Friedman Investors IX, L.P.	Hellman & Friedman	buyout	2018	—	13.4%	1.77x	0.21x
Livingbridge Enterprise 3 LP	Livingbridge	buyout	2020	—	13.4%	1.46x	0.30x
Silicon Valley Bank Venture Overage Fund	Silicon Valley Bank	venture capital	2003	—	13.4%	1.23x	0.00x
Thomas H. Lee Equity Fund V LP	Thomas H. Lee Partners	buyout	2000	—	13.4%	1.63x	1.63x
Vestar Capital Partners IV, L.P.	Vestar Capital Partners	buyout	1999	—	13.4%	1.76x	1.76x
EPIC Ventures Fund VI, L.P.	EPIC VENTURES	venture capital	2021	—	13.4%	1.36x	0.00x
GIP Capital Solutions Fund II SCSp, L.P. (Co-Invest)	GIP	co investment	—	—	13.3%	1.26x	0.61x
Birch Hill Equity Partners III	Birch Hill Equity Partners Management Inc.	buyout	2005	—	13.3%	2.11x	1.91x
Lexington Partners II	Lexington Partners	co investment	2005	—	13.3%	—	—
Providence Equity Partners IX L.P.	Providence	buyout	2023	—	13.3%	1.10x	0.30x
Altaris Health Partners, L.P.	Altaris Capital Partners	buyout	2004	—	13.3%	1.70x	1.70x
Terra Firma Capital Partners II, LP.	Terra Firma	buyout	2002	—	13.3%	1.79x	1.79x
Vista Foundation Fund II	Vista Equity Partners	buyout	2013	—	13.3%	1.87x	1.51x
GS Vintage VII	Goldman Sachs	fund of funds	2016	—	13.3%	1.67x	1.06x
Apollo Investment Fund IX	Apollo	buyout	2018	—	13.3%	1.38x	1.38x
Lexington Co-Investment Partners V	Lexington Partners	co investment	2020	—	13.3%	1.44x	0.21x
Strategic Partners VI, L.P.	Strategic	secondaries	2014	—	13.3%	1.51x	1.38x
Trilantic Capital Partners IV (fka LBMB IV)	Trilantic	buyout	2007	—	13.3%	1.59x	1.59x
Landmark - NYC Fund I	Landmark Partners	buyout	2013	—	13.3%	1.68x	1.68x
Landmark NYC Fund I, L.P.	Landmark Partners	secondaries	2013	—	13.3%	1.68x	1.68x
PAI Europe VI, L.P.	PAI Partners	buyout	2014	—	13.3%	1.63x	1.33x
Rubicon Technology Partners LP	Rubicon Technology Partners	buyout	2013	—	13.3%	1.60x	1.22x
JP Morgan US Corporate Finance	J.P. Morgan Asset Management	buyout	2006	—	13.3%	2.04x	2.02x
BR/ERB Co-Investment Fund II, L.P.	BR Capital	co investment	2013	—	13.3%	2.02x	1.46x
Madison Dearborn Capital VII-A/B	Madison Dearborn Partners	buyout	2015	—	13.3%	1.86x	1.04x
Carlyle Partners VI, L.P.	Carlyle Group	buyout	2013	—	13.3%	1.69x	1.52x
CVC Capital Partners Asia Pacific Fund IV, LP	CVC Capital Partners	buyout	2013	—	13.3%	1.73x	1.25x
Georgian Growth Fund VI, LP	Georgian	growth equity	2022	—	13.2%	1.20x	0.00x
Advent International GPE X Limited Corporate Finance	Advent International	buyout	2022	—	13.2%	1.20x	—
Hg N1 Co-Invest L.P.	Hg N1 Co-Invest L.P	co investment	2022	—	13.2%	1.25x	1.25x
Trilantic Capital Partners IV L.P.	Trilantic	buyout	2007	—	13.2%	1.51x	1.48x
KKR 1996 Fund, LP	Kohlberg Kravis Roberts	buyout	1997	—	13.2%	1.60x	1.62x
Adams Street 2011 Direct Fund	Adams Street Partners	growth equity	2010	—	13.2%	2.10x	1.63x
Onex Partners III PE	Onex Corporation	buyout	2011	—	13.2%	1.66x	1.44x
HSREF VI Elgin Co-Invest	HSREF	co investment	2021	—	13.2%	1.63x	1.60x
Platinum II	Platinum	buyout	2007	—	13.2%	1.66x	1.63x
Aurora Equity Partners III	Aurora Capital Partners	buyout	2004	—	13.2%	1.65x	1.65x
Hg NYC Co-Invest	Hg NYC Co-Invest	co investment	2022	—	13.2%	1.25x	1.25x
Project Vertigo	—	venture capital	2021	—	13.2%	1.45x	0.00x
SG Growth Partners I	—	growth equity	2009	—	13.2%	1.72x	1.72x
Welsh, Carson, Anderson & XIII IX	—	buyout	2019	—	13.2%	—	—
Deerpath Capital Management, LP	Deerpath	buyout	2022	—	13.2%	1.26x	0.14x
Advent International GPE VII C	Advent International	buyout	2012	—	13.2%	1.81x	1.73x
ASP Direct Fund 2011	Adams Street Partners	buyout	2011	—	13.2%	2.09x	1.64x
Advent International GPE VII B	Advent International	buyout	2012	—	13.1%	1.80x	1.73x
Hellman & Friedman Capital Partners IX	Hellman & Friedman	buyout	2019	—	13.1%	1.68x	0.19x
Ares Corporate Opportunities Fund	Ares	buyout	2003	—	13.1%	1.49x	1.49x
Ares Corporate Opportunities Fund II	Ares	buyout	2006	—	13.1%	1.67x	1.67x
Ares Corporate Opportunities Fund II, L.P.	Ares	buyout	2006	—	13.1%	1.67x	1.67x
West Street Capital Partners VII, L.P.	Goldman Sachs	buyout	2016	—	13.1%	1.54x	0.99x
Advent International GPE VII	Advent International	buyout	2012	—	13.1%	1.67x	1.60x
Carlyle Partners IV LP	Carlyle Group	buyout	2005	—	13.1%	2.03x	2.03x
Brookfield Capital Partners Fund VI	Brookfield Asset Management	buyout	2022	—	13.1%	1.26x	0.05x
Abbott Capital Private Equity Investors 2009	Abbott	buyout	2009	—	13.1%	1.90x	0.41x
Altus Capital II	Altus	buyout	2010	—	13.1%	1.78x	1.53x
Vista Equity Partners Fund IV	Avista	buyout	2011	—	13.1%	1.99x	1.35x
HGGC Fund II, L.P.	HGGC	buyout	2014	—	13.1%	1.83x	1.20x
NGP Midstream & Resources, L.P.	Ngp	buyout	2007	—	13.1%	1.75x	1.74x
RCP Advisors Fund IV, L.P.	RCP	buyout	2001	—	13.1%	1.88x	1.87x
RCP Fund IV LP	RCP	buyout	2006	—	13.1%	1.88x	1.88x
Tsg7 B L.P.	TSG	buyout	2016	—	13.1%	1.72x	0.65x
Audax Private Equity Fund	Audax Group	buyout	2000	—	13.1%	1.50x	1.52x
AVP XI LP	AVP (Aglaé Ventures)	buyout	2018	—	13.1%	1.70x	0.03x
MHR Institutional Partners II LP	MHR Fund Management	buyout	2003	—	13.1%	2.53x	2.21x
MSA Enterprises	MSA Enterprises	buyout	2017	—	13.1%	1.55x	0.64x
Shoreview Capital Partners III PE	ShoreView Industries	buyout	2013	—	13.1%	1.49x	0.53x
Constitution Fund V, LLC Series c	Constitution	buyout	2019	—	13.1%	1.50x	0.10x
KKR DAW, L.P.	Kohlberg Kravis Roberts	buyout	1984	—	13.1%	3.00x	2.98x
FCO MA V L.P.	FCO MA	buyout	2019	—	13.1%	1.29x	0.83x
Juggernaut Capital Partners III, LP	Juggernaut Capital	buyout	2015	—	13.1%	1.86x	1.20x
CVE Kauffman Fund I	Cve Kauffman	venture capital	2007	—	13.0%	2.99x	2.87x
WCAS Capital Partners III, L.P.	WCAS	buyout	1997	—	13.0%	1.70x	1.75x
Providence Equity Partners VIII, L.P.	Providence	buyout	2019	—	13.0%	1.78x	0.73x
GI Partners Fund III	GI Partners	buyout	2008	—	13.0%	1.57x	1.57x
OrbiMed Private Investments VI	OrbiMed	venture capital	2015	—	13.0%	1.64x	1.18x
Heartwood Partners II	Heartwood	buyout	2012	—	13.0%	1.87x	1.87x
Roark Capital Partners II Side Car	Roark	buyout	2018	—	13.0%	1.93x	0.17x
Welsh, Carson, Anderson & Stowe III	Welsh, Carson, Anderson & Stowe	buyout	1997	—	13.0%	1.72x	1.72x
Oak Hill Capital Partners V	Oak Hill Capital	buyout	2018	—	13.0%	1.58x	0.37x
Polaris Venture Partners VI	Polaris Partners	venture capital	2010	—	13.0%	2.37x	1.77x
T V I Fund III	—	co investment	1984	—	13.0%	2.16x	2.16x
Oak HC-FT Partners V	Oak HC/FT	growth equity	2022	—	13.0%	1.14x	0.21x
Phoenix Partners II, L.P.	Phoenix	buyout	1985	—	13.0%	1.90x	1.86x
Baring Asia Private Equity Fund VI, LP	Baring Private Equity Asia	buyout	2015	—	13.0%	1.74x	1.43x
Greycroft Partners III, L.P.	Greycroft	private equity	2012	—	13.0%	2.18x	1.19x
Hellman & Friedman Capital Partners VI LP	Hellman & Friedman	buyout	2007	—	12.9%	1.80x	1.80x
DK SOF Fund IV	DK SOF	buyout	2017	—	12.9%	—	—
Advent International GPE IX	Advent International	buyout	2019	—	12.9%	1.64x	0.38x
Lexington Middle Market Investors IV	Lexington Partners	secondaries	2016	—	12.9%	1.54x	0.62x

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).