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
Yucaipa American Alliance Fund II, LP	Yucaipa American Alliance	buyout	2008	—	7.4%	1.66x	1.09x
California Emerging Ventures III, LLC	California Emerging	venture capital	2001	—	7.4%	1.40x	1.30x
Coller International Partners V	Coller Capital	buyout	2006	—	7.4%	1.36x	1.36x
Fourth Cinven Fund	Cinven	buyout	2006	—	7.4%	1.44x	1.44x
Banneker Partners Fund II, L.P.	Banneker Partners	buyout	2018	—	7.4%	1.16x	0.07x
CB Martello Feeder II, L.P.	CB Martello Feeder	fund of funds	2024	—	7.4%	1.07x	0.00x
GIP Spectrum Fund, L.P.	Global Infrastructure Partners	buyout	—	—	7.3%	1.53x	0.94x
Advent Latin American Private Equity Fund VII SCSp	Advent International	buyout	2021	—	7.3%	1.20x	0.22x
Odyssey Investment Partners Fund V, L.P.	Odyssey Investment Partners	buyout	2014	—	7.3%	1.52x	1.51x
Georgian Partners Growth Fund V, L.P.	Georgian	growth equity	2020	—	7.3%	1.30x	0.10x
Halifax Capital Partners II	Halifax Group	buyout	2005	—	7.3%	1.32x	1.32x
Lighthouse Capital Partners VI	Lighthouse	venture capital	2007	—	7.3%	1.50x	1.38x
Bain Capital IX (Co-investment)	Bain Capital	co investment	2006	—	7.3%	1.48x	1.41x
Carlyle U.S. Growth Fund III, L.P.	Carlyle Group	growth equity	2006	—	7.3%	1.33x	1.32x
Halyard Capital Fund II, L.P.	Halyard	buyout	2007	—	7.3%	1.62x	1.47x
OZ Domestic Partners II, LP	Oz Domestic	buyout	2007	—	7.3%	—	—
MHR Institutional Partners IV	MHR Fund Management	buyout	2014	—	7.3%	1.47x	0.33x
Primavera Capital Fund II	Primavera Venture Management Limited	buyout	2015	—	7.3%	1.50x	0.53x
New Mainstream Capital II	New Mainstream Capital	private equity	2014	—	7.3%	1.33x	0.98x
Catalyst Fund Limited Partnership II	Catalyst	buyout	2007	—	7.3%	—	2.50x
Sofinnova Venture Partners IX	Sofinnova Ventures	venture capital	2014	—	7.2%	1.47x	1.01x
CDH Fund IV, L.P.	CDH	buyout	2010	—	7.2%	1.40x	1.30x
Australis Partners Fund, L.P.	Australis Partners	buyout	2016	—	7.2%	1.38x	0.45x
Grove Street Partners Ventures, L.P.	GroveStreet	buyout	2005	—	7.2%	1.56x	1.56x
GS Partners Ventures LLC	GroveStreet	buyout	2004	—	7.2%	1.56x	1.56x
Northwest Emerging Ventures	Grove Street	venture capital	2001	—	7.2%	1.48x	1.48x
Kelso VIII	Kelso	co investment	2007	—	7.2%	1.40x	1.44x
Crestview Partners, L.P.	Crestview Partners	buyout	2004	—	7.2%	1.60x	1.50x
Triton Fund IV, L.P.	TRITON FUNDS LLC	buyout	2013	—	7.2%	1.40x	1.39x
Menlo Ventures III, LP	Menlo	venture capital	1983	—	7.2%	1.60x	1.57x
Apax Europe IV-A, L.P.	Apax	buyout	1999	—	7.2%	1.30x	1.35x
Joseph Littlejohn Levy Fund II, L.P.	Littlejohn	buyout	1994	—	7.1%	1.50x	1.51x
Lindsay Goldberg & Bessemer II LP	Lindsay Goldberg	buyout	2006	—	7.1%	1.43x	1.43x
Lindsay Goldberg II, L.P.	Lindsay Goldberg	buyout	2006	—	7.1%	1.42x	1.42x
GS Capital Partners VI, L.P.	Goldman Sachs	buyout	2007	—	7.1%	1.31x	1.31x
H.I.G. Bayside Loan Fund II	H.I.G. Capital	growth equity	2010	—	7.1%	—	1.35x
BRIDGEPOINT DEVELOPMENT CAPITAL IV LP	Bridgepoint	growth equity	2020	—	7.1%	1.14x	0.32x
Euro Choice II (Delaware) L.P.	Euro Choice	buyout	2004	—	7.1%	1.46x	1.46x
Montauk TriGuard Fund V	Montauk TriGuard	buyout	2011	—	7.1%	1.19x	1.19x
Clearlake Flagship Plus Partners, L.P.	Clearlake Capital Group	buyout	2021	—	7.1%	1.20x	0.34x
Essex Woodlands Health Ventures Fund IV	Essex Woodlands Healthcare Partners	venture capital	1998	—	7.1%	1.44x	1.31x
Florida Growth Fund I (Credit Tranche)	Florida Growth	growth equity	2014	—	7.1%	1.19x	1.08x
GGV Capital VI, L.P.	Notable Capital	venture capital	2016	—	7.1%	1.54x	0.64x
Riverside Micro-Cap Fund IV	The Riverside Company	buyout	2015	—	7.1%	1.68x	0.28x
PineBridge Global Emerging Markets Partners, L.L.C	PineBridge Investments	buyout	1997	—	7.0%	1.30x	1.30x
FCO MA IV L.P. PE	FCO MA	buyout	2015	—	7.0%	1.30x	0.99x
Whitney Global Partners L.P.	J.H. Whitney	buyout	2021	—	7.0%	1.16x	0.00x
General Atlantic Managed Account	General Atlantic	fund of funds	2020	—	7.0%	1.21x	0.10x
Vista Foundation Fund IV	Vista Equity Partners	buyout	2020	—	7.0%	1.13x	0.00x
Northgate Private Equity Partners III LP	Northgate Capital	fund of funds	2006	—	7.0%	1.54x	1.48x
Alta II	Altaris Capital Partners	buyout	1982	—	7.0%	1.77x	1.77x
BC European Capital X	BC Partners	co investment	2017	—	7.0%	1.41x	1.41x
Fenway Partners Capital Fund III	Fenway	buyout	2006	—	7.0%	1.49x	1.49x
Gores Capital Partners II LP	Gores	buyout	2007	—	7.0%	1.28x	1.28x
Crescent Cove Capital IV, LP	CRESCENT COVE CAPITAL	buyout	2023	—	7.0%	1.12x	0.02x
Greenbriar V	Greenbriar Equity Group	buyout	2020	—	7.0%	1.22x	0.09x
PAI Europe V LP	PAI Partners	buyout	2008	—	7.0%	1.30x	1.30x
Thomas H. Lee Equity Fund VI LP	Thomas H. Lee Partners	buyout	2006	—	7.0%	1.38x	1.38x
Vestar Capital Partners VII, L.P.	Vestar Capital Partners	buyout	2018	—	7.0%	1.24x	0.59x
AG Private Equity Partners IV, L.P.	Angelo Gordon	buyout	2008	—	7.0%	1.47x	0.83x
Connecticut Growth Capital, LLC	Connecticut	growth equity	2016	—	7.0%	1.20x	1.10x
H.I.G. Strategic Partners Fund, L.P. OPPM	H.I.G. Capital	growth equity	—	—	6.9%	1.18x	0.42x
H.I.G. Strategic Partners Fund, L.P. PD	H.I.G. Capital	growth equity	—	—	6.9%	1.18x	0.42x
Fairview Constitution II, L.P.	Fairview Capital Partners	buyout	2005	—	6.9%	1.60x	1.50x
Pantheon Asia V	Pantheon Ventures	secondaries	2006	—	6.9%	1.46x	1.43x
Lexington Capital Partners VI	Lexington Partners	secondaries	2005	—	6.9%	1.40x	1.39x
Lexington Capital Partners VI-B LP	Lexington Partners	secondaries	2005	—	6.9%	1.39x	1.39x
H.I.G. Bayside Loan Ops Fund III (Europe)	H.I.G. Capital	growth equity	2012	—	6.9%	1.29x	1.16x
PIMCO BRAVO II	PIMCO Europe	fund of funds	2013	—	6.9%	1.35x	1.29x
Arsenal Capital Partners V LP	Arsenal	buyout	2019	—	6.9%	1.36x	0.32x
Vistria Fund III	Vistria	buyout	2020	—	6.9%	1.29x	1.29x
WLR Recovery Fund IV	WLR Recovery	turnaround	2007	—	6.9%	1.31x	1.31x
Asia Alternatives FL Investor II LP	Asia Alternatives Management	buyout	2017	—	6.9%	1.32x	0.31x
Darwin Venture Fund of Funds	Darwin Venture Capital	fund of funds	2003	—	6.9%	1.58x	0.75x
Paine & Partners Capital Fund III, L.P	Paine & Partners	buyout	2006	—	6.9%	1.32x	1.32x
Providence Equity Global Group LLC	Providence	fund of funds	2012	—	6.9%	1.68x	0.97x
OrbiMed Private Investments VIII, L.P.	OrbiMed	venture capital	2020	—	6.9%	1.19x	0.30x
Lincolnshire Equity Fund IV, L.P.	Lincolnshire	buyout	2009	—	6.9%	1.38x	1.26x
Lincolnshire Equity Fund IV	Lincolnshire	private equity	2009	—	6.9%	1.38x	1.26x
Onex Partners IV, L.P.	Onex Corporation	buyout	2014	—	6.9%	1.40x	1.07x
Frazier Healthcare II, L.P.	Frazier Healthcare Partners	buyout	1996	—	6.9%	1.50x	1.46x
Fisher Lynch Co-Investment Partnership, L.P.	Fisher Lynch Capital	co investment	2006	—	6.9%	1.50x	1.47x
Quadrangle Capital Partners II	Quadrangle Group	buyout	2005	—	6.9%	1.51x	1.51x
Riverside Strategic Capital Fund I, L.P.	The Riverside Company	fund of funds	2016	—	6.9%	1.29x	0.61x
Austin Ventures VIII, L.P.	Austin	venture capital	2001	—	6.8%	1.65x	1.65x
Activate Capital Partners II, LP	ACTIVATE CAPITAL PARTNERS	buyout	2021	—	6.8%	1.25x	0.13x
Crescent CRPTF Multi-Strat L.P.	Crescent Crptf Multi-Strat L.P	buyout	2022	—	6.8%	1.20x	0.10x
EQT X (No.2) USD SCSp	EQT	co investment	2022	—	6.8%	1.06x	0.07x
Pantheon Venture Partners II LP	Pantheon Ventures	venture capital	2004	—	6.8%	1.52x	1.52x
Granite Global Ventures II, L.P. Venture Capital	Granite Ventures	venture capital	2004	—	6.8%	1.70x	1.41x
Apollo Investment Fund IV	Apollo	buyout	1998	—	6.8%	1.52x	1.52x
Bain Capital Fund XIII, L.P.	Bain Capital	co investment	2020	—	6.8%	1.13x	0.16x
Elda River Zilker AV1 LLC	Elda River	buyout	—	—	6.8%	1.18x	—
Gilde Buy-Out Fund VI	Gilde Buy-Out	buyout	2019	—	6.8%	1.20x	0.25x
Lindsay, Goldberg & Bessemer III, L.P.	Lindsay Goldberg	buyout	2008	—	6.8%	1.18x	1.18x
Granite Global Ventures II, L.P.	—	private equity	2004	—	6.8%	1.70x	1.41x
Project Allegro	—	buyout	2022	—	6.8%	1.23x	0.00x
Project Angel	—	buyout	2022	—	6.8%	1.24x	0.00x
Ind Vent - Tech Buyout	IND VENT	buyout	—	—	6.8%	—	—
CVI Global Value Fund, L.P.	CarVal Investors	buyout	2007	—	6.8%	1.52x	1.52x

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).