🦊/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.

7,718 fundsas of December 2025
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
General Catalyst XI - EnduranceGeneral Catalystventure capital20219.1%1.29x
StepStone Pioneer Capital IIStepstone Groupfund of funds20069.1%2.25x1.00x
Advent Latin America Private Equity Fund IV-D, L.P.Advent Internationalbuyout20079.1%1.51x1.43x
Apax X USDApaxbuyout20199.1%1.32x0.27x
Silver Lake Partners IISilverbuyout20049.1%1.43x1.43x
Dover Street VIIHarbourVest Partners (Canada)buyout20079.1%1.40x1.43x
JP Morgan Fleming (Tranche B)J.P. Morgan Asset Managementbuyout20109.1%1.69x1.40x
Project Curiousbuyout20189.1%1.91x0.00x
Prudential Capital Partners IVPrudential Financialbuyout20129.1%1.40x1.38x
The Central Valley Fund, LPThe Central Valleybuyout20059.1%1.28x1.28x
Apax X, L.P.Apaxbuyout20199.1%1.30x0.17x
GIP Capital Solutions Fund II SCSp, L.P.GIPco investment9.1%1.41x0.69x
D.E. Shaw Alkali Fund VI, L.L.C.D.E. Shawbuyout9.1%1.17x0.21x
Hollyport Secondary (Overage Fund) LPHollyport Capitalbuyout20229.1%1.10x0.00x
Permira IV, L.P.Permirabuyout20069.0%1.77x1.55x
Webster Equity Partners V, L.P.Webster Equity Partnersbuyout20219.0%1.24x0.02x
Pantheon USA VPantheon Venturesfund of funds20029.0%1.57x1.57x
KKR MN Partnership L.P.Kohlberg Kravis Robertsbuyout20219.0%1.27x0.02x
HarbourVest International Private Equity Partners III - PartnershipHarbourVest Partners (Canada)fund of funds19979.0%1.58x1.58x
JFL IIIJflbuyout20119.0%1.47x1.06x
NEV IINEVbuyout20059.0%1.73x1.73x
Strategic Partners IV VC, L.P.Strategicsecondaries20089.0%1.51x1.51x
II Grain Communicationsbuyout20219.0%0.37x
Prudential Capital Partners II, L.P.Prudential Financialbuyout20059.0%1.49x1.49x
Sorenson Capital Partners IV, L.P.Sorenson Capitalbuyout20219.0%1.29x0.01x
Horsley Bridge Strategic Fund VHORSLEY BRIDGE VENTUREfund of funds20208.9%
GTCR Strategic Growth Fund I/A LP and GTCR Strategic Growth Fund I/B LPGTCRgrowth equity8.9%1.14x0.02x
Stone Oak Fund L.P.Stone Oakbuyout8.9%1.91x1.45x
Canaan VIII, L.P.Canaan Partnersventure capital20078.9%1.44x1.24x
SVB Capital Partners IV LPSVBbuyout20178.9%1.62x0.00x
Sixth Street Opportunities Partners III, L.P.Sixth Streetbuyout20148.9%1.60x1.26x
Advent Global TechnologyAdvent Internationalbuyout20198.9%1.45x0.14x
GTCR Strategic Growth FundGTCRgrowth equity20228.9%1.14x0.02x
Accel-KKR Growth Capital Partners III, LPAccel-KKRgrowth equity20188.9%1.30x0.33x
Capital Partners IV, L.P.Centre Lanebuyout20078.9%1.62x
Clearlake Opportunities Partners IIClearlake Capital Groupbuyout20198.9%1.24x0.48x
Dyal Capital Partners IIDyal Capital Partnerssecondaries20148.9%1.54x0.60x
FP Venture 2015venture capital20158.9%1.75x0.60x
Landmark Equity Partners XIVLandmark Partnersbuyout20088.9%1.32x1.32x
Landmark XIVLandmark Partnersbuyout20088.9%1.32x1.32x
MW Eureka (US) FundMW Eureka (US)buyout20178.9%1.75x
Oak Hill Capital Partners IIIOak Hill Capitalbuyout20078.9%1.40x1.40x
PSG V L.P.PSG Equitygrowth equity20218.9%1.34x0.28x
CapitalSpring Investment Partners VI, LPCapitalSpringbuyout20208.9%1.20x0.20x
JP Morgan Venture Capital Investors IIIJ.P. Morgan Asset Managementventure capital20068.8%1.83x1.62x
Insight Partners XII Buyout Annex FundInsight Partnersgrowth equity20218.8%1.28x0.00x
KKR 1987 FundKohlberg Kravis Robertssecondaries19878.8%1.66x1.66x
TrueBridge Capital Partners Fund VI (Parallel) LPTrueBridge Capital Partnersfund of funds20198.8%1.34x0.06x
Tpg Asia Vi, LPTPGbuyout20128.8%1.59x1.19x
H.I.G. Middle Market LBO Fund IIIH.I.G. Capitalbuyout20198.8%1.27x0.47x
Bain Capital Fund IX Co-Invest L.P.Bain Capitalco investment20068.8%1.40x
NB Co-Investment PartnersNB Coco investment20068.8%1.48x1.41x
BARING ASIA PRIVATE EQUITY FUND IV LPBaring Private Equity Asiabuyout20078.8%1.61x1.61x
Landmark Equity Partners XIV, L.P.Landmark Partnerssecondaries20088.8%1.32x1.32x
Varsity Healthcare Partners III, L.P.Varsity Healthcare Partnersbuyout20198.8%1.43x0.00x
BC Partners XI GE 2 LPBC Partnersco investment20218.8%1.23x0.10x
Bain Capital Fund X, L.P.Bain Capitalco investment20078.8%1.60x1.51x
Tiger Iron Redwood Fund L.P.Tiger Iron Capitalbuyout20218.8%1.20x
Pharos IIIPharos Capital Groupbuyout20138.7%1.65x1.20x
Advent Latin American Private Equity Fund IV, L.P.Advent Internationalbuyout20078.7%1.50x1.42x
Permira VII, L.P.Permirabuyout20208.7%1.41x0.13x
Carlyle Power Partners IICarlyle Groupbuyout20158.7%1.37x1.36x
Affinity Asia Pacific Fund III, L.P.Affinity Equity Partnersbuyout20078.7%1.39x1.39x
Certares HoldingsCertares Holdingsbuyout20188.7%1.39x0.27x
Glencoe Capital Inst. Partners IIIGlencoebuyout20048.7%1.49x1.49x
Kainos Capital IIIKainosbuyout20228.7%1.21x0.00x
Charlesbank Equity Fund VI, L.P.Charlesbank Capital Partnersbuyout20058.7%1.41x1.36x
GCM Grosvenor DEM, L.P.GCM Grosvenorfund of funds20128.7%1.38x1.13x
Nordic Capital Fund VI, L.P.Nordic Capitalbuyout20068.7%1.73x1.73x
PAG Asia III, L.P.PAGbuyout20198.7%1.30x0.32x
Strategic Investors X-B, L.P.Strategicbuyout20208.7%1.31x0.00x
Ten Coves Capital III, L.P.Ten Coves Capitalprivate equity20188.7%1.20x0.01x
Highway 12 Venture Fund II, L.P.Highway 12 Venturesventure capital20068.6%1.88x1.88x
Lightspeed Venture Partners Select VLightspeed Venture Partnersventure capital20218.6%1.14x0.00x
Apollo Investment Fund VI LPApollobuyout20068.6%1.52x1.50x
Greycroft Growth, L.P.Greycroftgrowth equity20148.6%1.74x0.97x
Partners Group Secondary 2008Partners Groupsecondaries20078.6%1.51x1.51x
Carlyle Partners VIII, L.P.Carlyle Groupbuyout20228.6%1.16x0.20x
AEP IV OPERS Co-InvestmentsAEPco investment20188.6%1.49x0.23x
Deerpath Capital VIDeerpathbuyout20218.6%1.27x0.27x
NB Co-Investment Partners (fka LB Co-Investment Partners)NB Coco investment20058.6%1.46x1.46x
Platinum Equity Capital Partners V, L.P.Platinumbuyout20198.6%1.36x0.37x
RRJ Capital Master Fund IIRRJbuyout20138.6%1.34x1.27x
Spark Capital VISparkventure capital20208.6%1.40x
TowerBrook Investors III LPTowerBrookbuyout20088.6%1.41x1.41x
Apollo Investment Fund VIApollobuyout20068.6%1.51x1.50x
DRA Growth and Income Fund X, LLCDRA Advisorsgrowth equity20198.6%1.24x0.39x
GCM Grosvenor NYCPPF Emerging Manager FundGCM Grosvenorfund of funds20088.6%1.45x1.45x
Cornerstone Equity Partners IV, LPCornerstonebuyout19968.6%1.60x1.62x
Madison Dearborn Capital Partners III, L.P.Madison Dearborn Partnersbuyout19998.6%1.50x1.49x
Pathway Private Equity Fund XVIII, LLCPathway Capital Managementfund of funds20068.6%1.61x1.59x
Partners Group MCAPartners Groupfund of funds20048.6%1.52x
Ironsides Co-Investment Fund VIIronsides Coco investment20218.5%1.27x0.24x
Bridgepoint Europe IV, L.P. (Secondary Purchase)Bridgepointco investment20168.5%1.30x1.16x
GcnstarCapital Partners IV, L.P.Genstar Capitalprivate equity20048.5%1.56x
Olympus Growth Fund IV, L.P.Olympus Partnersgrowth equity20038.5%1.54x1.54x
Endeavour Capital Fund VI, L.P.Endeavour Capitalfund of funds20118.5%1.49x1.49x
ACON Equity Partners IVAcon Investmentsbuyout20168.5%1.42x0.68x
Permira Europe IVPermirabuyout20068.5%1.59x1.59x
HarbourVest Partners II, L.P.HarbourVest Partners (Canada)secondaries19858.5%1.90x1.93x

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).