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
StepStone Tactical Growth Fund III, L.P.	Stepstone Group	growth equity	2020	—	10.3%	1.33x	0.30x
Warburg Pincus Equity Partners, L.P.	Warburg Pincus	growth equity	1998	—	10.3%	1.70x	1.66x
Hillhouse Focused Growth V	Hillhouse Capital	growth equity	2021	—	10.3%	—	—
PSP AH&N Co-Investment Fund	PSP AH&N Co	co investment	2019	—	10.3%	1.63x	—
Red Hills Rail I (A.K.A ITE Rail Co-Invest SMA)	Red Hills Rail	co investment	2021	—	10.3%	1.11x	0.04x
Charlcsbank Equity Fund VI, L P.	Charlesbank Capital Partners	private equity	2005	—	10.3%	—	1.18x
Riverside Capital Appreciation Fund VI LP	The Riverside Company	buyout	2013	—	10.3%	1.46x	1.24x
DRA Growth & Income Fund V Co-Investment, LLC	DRA	growth equity	2005	—	10.3%	1.99x	1.99x
Oak HC-FT Partners III	Oak HC/FT	growth equity	2019	—	10.3%	1.55x	0.10x
BC European Capital IX LP	BC Partners	buyout	2011	—	10.2%	1.60x	1.36x
Pantheon USA IV	Pantheon Ventures	fund of funds	2000	—	10.2%	1.60x	1.60x
HarbourVest Partners 2007 Direct Fund	HarbourVest Partners (Canada)	buyout	2007	—	10.2%	1.69x	1.69x
EQT IX	EQT	buyout	2019	—	10.2%	1.36x	0.19x
Versant Venture Capital I, L.P.	Versant Venture Capital	venture capital	1999	—	10.2%	2.02x	2.02x
W Capital Partners II, LP	Riva Capital	venture capital	2007	—	10.2%	1.39x	1.34x
Warburg Pincus IX- VC-60	Warburg Pincus	growth equity	2005	—	10.2%	1.75x	1.70x
Summit Partners Private Equity Fund VII-A, L.P.	Summit Partners	growth equity	2006	—	10.2%	1.87x	1.83x
Industry Ventures Partnership Holdings III-B, L.P.	Industry Ventures	secondaries	2014	—	10.2%	1.74x	0.83x
Horsley Bridge XI Growth Buyout L.P.	HORSLEY BRIDGE VENTURE	venture capital	2016	—	10.2%	1.20x	—
Foundry Group Next 2018 Partner Fund, L.P.	Foundry	venture capital	—	—	10.2%	1.46x	0.00x
Triton Fund III, L.P.	TRITON FUNDS LLC	buyout	2009	—	10.2%	1.50x	1.51x
Pantheon Europe VI	Pantheon Ventures	secondaries	2007	—	10.1%	1.79x	1.65x
KKR Red Lion, L.P.	Kohlberg Kravis Roberts	buyout	1985	—	10.1%	3.30x	3.29x
LLC GSO Capital Opportunities Fund LP	The Blackstone Group	buyout	2007	—	10.1%	—	—
Adams Street Partners II	Adams Street Partners	secondaries	2009	—	10.1%	1.71x	1.62x
H.I.G. Europe Capital Partners II	H.I.G. Capital	buyout	2014	—	10.1%	1.29x	0.97x
ONCAP IV PE	ONCAP	buyout	2016	—	10.1%	1.25x	0.25x
Denham Oil & Gas Fund LP	Denham Capital	buyout	2016	—	10.1%	1.46x	0.58x
Bayview Opportunity Domestic III B LP	Bayview Opportunity Domestic	buyout	2012	—	10.1%	1.43x	1.43x
Bayview Opportunity Master Fund IIIb, L.P.	Bayview Opportunity Master	buyout	2011	—	10.1%	1.43x	1.43x
Glencoe Capital Institutional Partners III, L.P	Glencoe	buyout	2002	—	10.1%	1.53x	0.80x
Lyons Magnus Co-Investment Fund I	Lyons Magnus Co	co investment	2017	—	10.1%	2.13x	—
Oak Investment Partners XIII	Oak Investment Partners	buyout	2010	—	10.1%	2.59x	0.97x
P2 Capital Fund LP	P2 Capital Partners	buyout	2010	—	10.1%	3.95x	—
Project Secret Agent	Project Secret Agent	buyout	2020	—	10.1%	1.50x	0.04x
MBK Partners Fund III, L.P.	MBK Partners	buyout	2013	—	10.0%	1.56x	1.53x
Tritium II, LP	Tritium Partners	buyout	—	—	10.0%	1.65x	0.48x
Levine Leichtman Capital Partners III, L.P.	Levine Leichtman	buyout	2003	—	10.0%	1.56x	1.56x
General Catalyst Group X - Early Venture	General Catalyst	venture capital	2020	—	10.0%	1.50x	—
General Catalyst X - Early Venture	General Catalyst	venture capital	2020	—	10.0%	1.54x	—
Pantheon USA VII	Pantheon Ventures	fund of funds	2006	—	10.0%	1.86x	1.79x
KKR North America Fund XIII	Kohlberg Kravis Roberts	buyout	2021	—	10.0%	1.22x	0.02x
Interwest Partners IV	InterWest	venture capital	1989	—	10.0%	1.65x	1.65x
Neuberger Berman Strategic Co-Investment II	Neuberger Berman	co investment	2012	—	10.0%	1.36x	0.97x
The Rise Fund (A), L.P.	The Rise Fund	growth equity	2017	—	10.0%	1.46x	0.61x
Onex Partners V-B LP	Onex Corporation	buyout	2018	—	10.0%	1.44x	0.28x
New Enterprise Associates 15	New Enterprise Associates (NEA)	venture capital	2015	—	10.0%	1.75x	1.05x
Ardian LBO Fund VI, L.P	Ardian	buyout	2004	—	10.0%	1.34x	0.47x
WEP Co-Invest IV	WEP	fund of funds	2023	—	10.0%	1.13x	0.02x
Equistone European Fund V	Equistone Partners Europe	buyout	2003	—	10.0%	1.53x	0.68x
Huntsman Gay Capital Partners Fund, LP	Huntsman Gay	buyout	2008	—	10.0%	1.35x	1.35x
Revelstoke Capital Partners III, L.P	Revelstoke Capital Partners	buyout	2021	—	10.0%	1.16x	0.13x
Black.<tone Capital Portners VI, L.P.	—	private equity	2007	—	9.9%	—	0.10x
KKR EUROPE V	Kohlberg Kravis Roberts	buyout	2018	—	9.9%	1.42x	0.46x
Updata Partners IV	Updata Partners	buyout	2007	—	9.9%	1.31x	1.31x
Sixth Street Opportunities Partners V A L.P.	Sixth Street	buyout	2022	—	9.9%	1.15x	0.38x
TPG Partners II	TPG	buyout	1997	—	9.9%	1.69x	1.69x
H.I.G. Europe CapitaI Partners II	H.I.G. Capital	growth equity	2013	—	9.9%	1.41x	0.94x
Abbott Capital Private Equity Investors 2007	Abbott	buyout	2007	—	9.9%	1.70x	0.35x
Apax X	Apax	buyout	2019	—	9.9%	1.31x	0.17x
Institutional Venture Partners IV	IVP (Institutional Venture Partners)	buyout	1988	—	9.9%	2.34x	2.34x
Lone Star CRA	Lone Star Japan Acquisitions	buyout	2008	—	9.9%	1.90x	1.37x
Oak Hill Capital Partners II	Oak Hill Capital	buyout	2004	—	9.9%	1.59x	1.59x
Paine Schwartz Food Chain Fund VI	Paine Schwartz Partners	buyout	2022	—	9.9%	1.20x	0.11x
Waterton Fund XII	Waterton	buyout	2014	—	9.9%	1.52x	1.25x
Bain Capital IX Coinvestment Fund, LP	Bain Capital	co investment	2006	—	9.9%	1.77x	1.77x
CHS Private Equity V, L.P.	Code, Hennessy & Simmons	buyout	2005	—	9.9%	1.70x	1.67x
Juggernaut Capital Partners II, LP	Juggernaut Capital	buyout	2012	—	9.8%	1.59x	1.35x
BRV Aster Fund III, L.P.	BRV Aster	buyout	2019	—	9.8%	1.31x	0.00x
Galen Partners IV, L.P.	Galen Partners	venture capital	2003	—	9.8%	1.74x	1.74x
Wynnchurch Capital Partners V LP	Wynnchurch	buyout	2020	—	9.8%	1.30x	0.06x
KKR 2006 Fund, L.P.	Kohlberg Kravis Roberts	buyout	2006	—	9.8%	1.87x	1.87x
LAV VI	LAV	buyout	2020	—	9.8%	1.26x	0.35x
Madison Dearborn Capital Partners VII, L.P.	Madison Dearborn Partners	buyout	2015	—	9.8%	1.63x	0.86x
Industry Ventures Tech Buyout II, L.P.	Industry Ventures	buyout	2022	—	9.8%	—	1.19x
Advent Latin American Private Equity Fund III-D L.P.	Advent International	buyout	2006	—	9.8%	1.48x	1.44x
NGP XI	Ngp	buyout	2014	—	9.8%	1.62x	1.38x
Rhone Partners III, L.P.	Rhone	buyout	2006	—	9.8%	1.43x	1.43x
TowerBrook Investors II LP	TowerBrook	buyout	2005	—	9.8%	1.88x	1.88x
Project Moby	—	growth equity	2021	—	9.8%	1.37x	0.37x
Project Sail	—	buyout	2014	—	9.8%	1.73x	1.47x
Project Wellness 2.0	Project Wellness	buyout	2021	—	9.8%	1.39x	0.21x
Riverside Capital Appreciation Fund VII, L.P.	The Riverside Company	buyout	2019	—	9.8%	1.30x	0.72x
Sky Fund VI Onshore LP	Sky	buyout	2024	—	9.8%	1.07x	0.00x
Warburg Pincus IX	Warburg Pincus	growth equity	2005	—	9.8%	1.71x	1.68x
Vinci Capital Partners III, L.P.	Vinci Capital	buyout	2019	—	9.8%	1.41x	0.03x
MS GTB Capital Partners II LP	MS GTB	buyout	2014	—	9.8%	1.58x	0.81x
Compass Partners European Equity Fund, L.P. (USD)	Compass	buyout	1997	—	9.7%	1.70x	1.70x
Apollo Offshore - Private Equity	Apollo	buyout	—	—	9.7%	—	—
Harrison St. RE Partners V, L.P.	Harrison Street Real Estate Capital	co investment	2014	—	9.7%	1.57x	1.00x
Sixth Street Opportunities Partners V, L.P.	Sixth Street	buyout	2022	—	9.7%	1.22x	0.15x
TPG Growth VI, L.P.	TPG	growth equity	2024	—	9.7%	1.06x	0.39x
TPG Partners VI	TPG	buyout	2008	—	9.7%	1.49x	1.48x
BC Partners XI Metro Coinvestment	BC Partners	co investment	2021	—	9.7%	1.27x	1.27x
Hudson Bay Fund	Hudson Bay	buyout	2004	—	9.7%	1.54x	—
Platinum Equity Capital Partners VI, L.P.	Platinum	buyout	2022	—	9.7%	1.16x	0.09x
ABRY Partners VIII	ABRY Partners	buyout	2014	—	9.7%	1.41x	1.28x
Blue Owl GP Stakes V	Blue Owl Capital	growth equity	2020	—	9.7%	1.20x	0.43x
Shamrock Capital Growth Fund II L.P.	Shamrock Capital	growth equity	2005	—	9.7%	1.46x	1.46x
The Veritas Capital Fund VIII, L.P.	Veritas Capital	buyout	2022	—	9.7%	1.21x	0.00x

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).