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

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
Riverside V	The Riverside Company	buyout	2012	—	11.7%	1.88x	1.23x
Edison Venture Fund VII, L.P.	Edison Partners	venture capital	2010	—	11.6%	1.73x	1.73x
Furman Selz Investors II, L.P.	Furman Selz	buyout	1998	—	11.6%	1.73x	1.73x
Highway 12 Venture Fund II-B, L.P.	Highway 12 Ventures	venture capital	2006	—	11.6%	2.30x	2.30x
Primary Wave Music IP Fund I, LP	Primary Venture	venture capital	2016	—	11.6%	1.35x	1.35x
Aisling Capital IV, L.P.	Aisling Capital	venture capital	2015	—	11.6%	1.74x	0.68x
KLCP ERISA Fund E2 (US) LP	KLCP ERISA	buyout	2020	—	11.6%	1.35x	0.15x
Mesirow Financial Private Equity Partnership Fund IV	Mesirow	buyout	2006	—	11.6%	2.01x	1.63x
Sacramento Private Equity Partners, L.P.	Sacramento Private	buyout	2006	—	11.6%	1.98x	1.90x
Accel-KKR Emerging Buyout Partners, L.P.	Accel-KKR	buyout	2020	—	11.6%	1.29x	0.27x
Pathway Private Equity Fund III-Co Series A	Pathway Capital Management	co investment	2019	—	11.6%	1.74x	0.51x
Water Street Healthcare Partners IV PE	Water Street Healthcare Partners	buyout	2017	—	11.6%	1.23x	—
Sixth Street Growth Partners II, L.P.	Sixth Street	growth equity	2022	—	11.6%	1.30x	0.11x
Green Equity Investors VIII	Leonard Green	private equity	2020	—	11.6%	1.51x	0.22x
Prt VII	Lexington Partners	co investment	—	—	11.6%	—	—
Paragon Venture Partners II, L.P.	Paragon Partners	venture capital	1989	—	11.6%	2.30x	2.30x
Coller International Partnership IV, L.P.	Coller Capital	buyout	2002	—	11.5%	1.35x	0.06x
Nordic Bear SCSp	Nordic Capital	buyout	2021	—	11.5%	1.24x	0.03x
Hamilton Lane SMID Fund	Hamilton Lane	buyout	2009	—	11.5%	1.62x	1.47x
Harbourvest Partners VIII Venture Fund L.P.	HarbourVest Partners (Canada)	buyout	2006	—	11.5%	2.28x	1.93x
Green Equity Investors VIII, L.P.	Green	buyout	2020	—	11.5%	1.54x	0.39x
WCAS XI	WCAS	buyout	2009	—	11.5%	1.66x	1.66x
Wellspring Capital Partners VI, L.P.	Wellspring	buyout	2018	—	11.5%	1.46x	0.76x
Welsh, Carson, Anderson & Stowe XI	Welsh, Carson, Anderson & Stowe	buyout	2009	—	11.5%	1.66x	1.66x
Coller International Partners IV	Coller Capital	secondaries	2002	—	11.5%	1.35x	1.35x
P2 Capital	P2 Capital Partners	buyout	2009	—	11.5%	—	—
Patriot Financial Partners II	Patriot Financial Partners	buyout	2013	—	11.5%	1.61x	1.53x
Harrison St. RE Partners IV, L.P.	Harrison Street Real Estate Capital	co investment	2013	—	11.5%	1.69x	1.67x
Palladium III	Palladium	buyout	2005	—	11.4%	1.72x	1.72x
Carlyle Europe Partners IV, L.P.	Carlyle Group	buyout	2015	—	11.4%	1.58x	1.30x
ICV Partners IV	ICV	buyout	2018	—	11.4%	1.33x	0.64x
KKR Americas Fund XIII	Kohlberg Kravis Roberts	buyout	2021	—	11.4%	1.24x	0.02x
Carlyle Strategic Partners II, L.P.	Carlyle Group	secondaries	2007	—	11.4%	1.30x	1.28x
Harbourvest Centre Street Co-Investment Fund L.P. - Series 1	HarbourVest Partners (Canada)	co investment	2021	—	11.4%	1.27x	1.27x
HarbourVest Partners VIII-Cayman Venture	HarbourVest Partners (Canada)	buyout	2014	—	11.4%	1.68x	1.40x
Kelso VII	Kelso	co investment	2003	—	11.4%	1.60x	1.60x
Trident V LP	Stone Point	buyout	2010	—	11.4%	1.82x	1.82x
Digital Colony I	Digital Colony Management	buyout	2018	—	11.4%	—	—
Florida Growth Fund LLC - Tranche II	Florida Growth	growth equity	2011	—	11.4%	1.80x	1.38x
Lime Rock Partners VIII, L.P.	Lime Rock Partners	buyout	2017	—	11.4%	1.61x	1.10x
Prt Fin II	Crestline Investors	fund of funds	—	—	11.4%	—	—
FountainVest China Growth Capital Fund II, L.P.	FountainVest Partners	growth equity	2013	—	11.4%	1.40x	1.36x
Thoma Bravo Discover III	Thoma Bravo	growth equity	2020	—	11.4%	1.47x	0.05x
Lexington Middle Market Investors I, L.P.	Lexington Partners	secondaries	2005	—	11.4%	—	1.64x
Lexington Middle Market Investors, L.P.	Lexington Partners	secondaries	2004	—	11.4%	1.64x	1.63x
H.I.G. Strategic Partners Fund, L.P. PE	H.I.G. Capital	growth equity	—	—	11.4%	1.38x	0.83x
ICV IV	ICV	buyout	2017	—	11.3%	1.37x	0.59x
Industry Ventures Direct, L.P.	Industry Ventures	venture capital	2016	—	11.3%	—	1.79x
Adams Street SBCERA	Adams Street Partners	fund of funds	2020	—	11.3%	—	1.38x
Level Equity Growth Partners V LP	Level Equity	growth equity	2021	—	11.3%	1.24x	0.00x
Balance Point Capital Partners III, L.P.	Balance Point Capital Partners	buyout	2017	—	11.3%	1.30x	0.90x
FOUNDRY GROUP SELECT FUND LP	Foundry	growth equity	2013	—	11.3%	1.64x	1.24x
Arlington Capital Partners II	Arlington Capital Partners	buyout	2005	—	11.3%	1.77x	1.77x
Onex Partners III	Onex Corporation	buyout	2008	—	11.3%	1.68x	1.68x
HarbourVest Partners VIII	HarbourVest Partners (Canada)	secondaries	—	—	11.3%	2.30x	1.93x
Starboard Value and Opportunity S LLC	Starboard Value and Opportunity S LLC	buyout	2011	—	11.3%	3.35x	—
Warren Equity Partners Fund III	Warren	buyout	2021	—	11.3%	1.38x	0.03x
Tailwind Capital Partners (PP), LP	Tailwind Capital	buyout	2007	—	11.3%	1.49x	1.49x
Clearlake Capital Partners VI	Clearlake Capital Group	buyout	2020	—	11.3%	1.52x	0.15x
TSSP Capital Solutions (A), L.P.	TSSP	buyout	2019	—	11.3%	1.43x	0.53x
OSP Value Fund III-B, LP	Oak Street Real Estate Capital	buyout	2022	—	11.2%	1.10x	0.70x
TPG Asia VII (A), L.P.	TPG	buyout	2019	—	11.2%	1.46x	0.64x
Astorg VII	Astorg	buyout	2019	—	11.2%	1.51x	0.48x
Catterton Partners VI	L Catterton	buyout	2006	—	11.2%	1.90x	1.90x
Catterton Partners VI, L.P.	L Catterton	growth equity	2006	—	11.2%	1.90x	1.90x
Madison Dearborn Capital Partners VIII-A, L.P	Madison Dearborn Partners	buyout	2019	—	11.2%	1.32x	0.45x
Green Equity Investors IV LP	Green	buyout	2003	—	11.2%	1.92x	1.92x
AXA LBO Fund V, L.P.	Axa Lbo	buyout	2003	—	11.2%	1.57x	1.44x
Hahn & Company III-S L.P.	Hahn & Company	buyout	2018	—	11.2%	1.55x	0.19x
Roark Capital Partners V	Roark	buyout	2018	—	11.2%	1.56x	0.25x
Silver Lake Partners V LP	Silver	buyout	2018	—	11.2%	1.62x	0.74x
EFL Special Partners LP (ESOF III Pte. Ltd.)	Efl Special	buyout	2020	—	11.2%	1.14x	0.38x
Sapphire Emerging Ventures VII	Sapphire Emerging	venture capital	2025	—	11.2%	1.08x	—
Joseph, Littlejohn & Levy Fund III, LP	Littlejohn	buyout	1998	—	11.2%	1.50x	1.54x
Stone Oak Fund L.P. (Select Class)	Stone Oak	buyout	—	—	11.2%	1.77x	0.52x
Welsh, Carson, Anderson & Stowe IX	Welsh, Carson, Anderson & Stowe	buyout	2000	—	11.2%	1.70x	1.66x
EQT IX Co-Invest Platform (No. 3) SCSp	EQT	co investment	2020	—	11.1%	1.51x	0.02x
GI Partners Fund V, L.P.	GI Partners	buyout	2018	—	11.1%	1.49x	0.87x
KKR European Fund III LP	Kohlberg Kravis Roberts	buyout	2008	—	11.1%	1.63x	1.61x
GSO COF III Co-Investment Fund LP	The Blackstone Group	co investment	—	—	11.1%	1.32x	1.27x
Adams Street Partners Fund	Adams Street Partners	secondaries	2012	—	11.1%	1.37x	1.13x
Adams Street Partnership Fund 2004 Non U.S. Fund	Adams Street Partners	buyout	2004	—	11.1%	1.42x	1.42x
Adams Street Partnership Fund 2005 Non U.S. Fund	Adams Street Partners	buyout	2004	—	11.1%	1.35x	1.35x
Adams Street Partnership Fund 2007 Non U.S. Fund	Adams Street Partners	buyout	2004	—	11.1%	1.63x	1.63x
Sixth Street Opportunities Partners IV (A)	Sixth Street	buyout	2018	—	11.1%	1.32x	0.79x
Sixth Street Opportunities Partners IV, L.P.	Sixth Street	buyout	2019	—	11.1%	1.50x	0.67x
ONCAP IV	ONCAP	buyout	2016	—	11.1%	1.58x	0.58x
HarbourVest International PEP	HarbourVest Partners (Canada)	fund of funds	1990	—	11.1%	1.77x	1.77x
EQT IX (Co-Invest)	EQT	buyout	2020	—	11.1%	1.51x	0.02x
EQT IX Co-Investment	EQT	buyout	2020	—	11.1%	1.51x	0.02x
Florida Growth Fund I (Tranche II), LLC	Florida Growth	growth equity	2009	—	11.1%	1.52x	1.02x
GF Capital Private Equity Fund	GF Capital Management & Advisors	buyout	2006	—	11.1%	1.87x	1.30x
Tailwind Capital Partners	Tailwind Capital	buyout	2007	—	11.1%	1.59x	1.59x
Carlyle Europe Partners III, L.P.	Carlyle Group	buyout	2012	—	11.1%	1.68x	1.68x
Varsity Healthcare Partners IV	Varsity Healthcare Partners	buyout	2023	—	11.1%	—	—
AlpInvest Co-Investment Fund (Onshore) VIII, L.P.	Carlyle Group	co investment	2021	—	11.1%	1.32x	0.01x
Alterra IOS Venture II, L.P.	Alterra Property Group	venture capital	2022	—	11.0%	1.28x	0.00x
Warburg Pincus Private Equity XI	Warburg Pincus	growth equity	2012	—	11.0%	1.73x	1.51x
TPG Biotechnology Partners III, L.P.	TPG	buyout	2008	—	11.0%	2.17x	2.12x
Westbrook Real Estate Co-Investment Partnership X	Westbrook Partners	co investment	2016	—	11.0%	1.22x	0.75x

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).