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
CVC European Equity Partners Tandem Fund	CVC	buyout	2007	—	6.7%	1.35x	1.35x
CVC European Equity Partners Tandem Fund Corporate Finance	CVC	buyout	2007	—	6.7%	1.35x	1.35x
Affinity Asia Pacific Fund V (NO.2) L.P.	Affinity Equity Partners	buyout	2018	—	6.7%	1.19x	0.29x
Pantheon USA Fund VI	Pantheon Ventures	fund of funds	2004	—	6.7%	1.54x	0.02x
Pantheon USA VI	Pantheon Ventures	fund of funds	2004	—	6.7%	1.54x	1.53x
Sherpa Healthcare Fund I	Sherpa Healthcare Partners	buyout	2019	—	6.7%	1.33x	0.15x
Commonfund	Commonfund	venture capital	2013	—	6.7%	1.51x	0.98x
TrueBridge Capital FSA II LLC	TrueBridge Capital Partners	fund of funds	2020	—	6.7%	1.26x	0.00x
HarbourVest Partners VII	HarbourVest Partners (Canada)	growth equity	2003	—	6.7%	1.60x	1.60x
Castlelake IV, L.P.	Castlelake Pte. Ltd.	buyout	2015	—	6.7%	1.51x	1.02x
Abbott Capital Private Equity Fund V, L.P.	Abbott	fund of funds	2005	—	6.7%	1.46x	1.46x
FountainVest China Growth Capital Fund, L.P.	FountainVest Partners	growth equity	2008	—	6.7%	1.40x	1.36x
M2 Connecticut Emerging Private Equity Fund-of-Funds, L.P.	M2 - Connecticut Emerging Private	fund of funds	2008	—	6.6%	1.40x	1.30x
Lake Ontario Fund, L.P.	Onex	buyout	2024	—	6.6%	1.04x	0.00x
Equistone Partners Europe Fund V "D" L.P	Equistone Partners Europe	buyout	2015	—	6.6%	1.40x	1.13x
BDC IV D LP	BDC	buyout	2021	—	6.6%	1.13x	0.00x
Berkshire Fund X, L.P.	Berkshire	buyout	—	—	6.6%	1.10x	0.42x
Abbott Private Equity Fund V, L.P.	Abbott	fund of funds	2005	—	6.6%	1.40x	1.40x
DCP Capital Partners II LP	DCP	buyout	2022	—	6.6%	1.11x	0.08x
Trilantic Capital Partners VI (North America) L.P.	Trilantic	buyout	2019	—	6.6%	1.25x	0.31x
(NIC) Wisteria Fund II Cayman LP	Wisteria Investments	buyout	2021	—	6.6%	1.14x	0.01x
Falconhead Capital Partners II	Falconhead Capital	buyout	2006	—	6.6%	1.56x	1.56x
Roundtable Healthcare Partners III, LP	RoundTable Healthcare Partners	private equity	2010	—	6.6%	1.24x	0.19x
Navis Asia Fund V, L.P.	Navis Asia	buyout	2007	—	6.5%	1.56x	1.44x
S.W. Pelham Fund II, LP	S.W. Pelham	buyout	2003	—	6.5%	1.20x	1.20x
Providence Equity Partners VI	Providence	buyout	2007	—	6.5%	1.40x	1.40x
Blackstone Communications Partners I L.P.	The Blackstone Group	buyout	2000	—	6.5%	1.25x	1.25x
Parthenon Investors	Parthenon	buyout	1999	—	6.5%	1.38x	1.38x
Pine Brook Capital Partners	Pine Brook	buyout	2007	—	6.5%	1.27x	1.27x
Waterton Precious Metals Fund II Cayman, L.P.	Waterton Precious Metals	venture capital	2013	—	6.5%	1.37x	1.05x
NB Strategic Co Investment II	Neuberger Berman	co investment	2012	—	6.5%	1.25x	1.25x
PAINE & PARTNERS CAPITAL FUND IV LP	Paine & Partners	buyout	2015	—	6.5%	1.41x	0.50x
Neuberger Berman Secondary Opportunities Fund, L.P.	Neuberger Berman	secondaries	2005	—	6.5%	—	1.32x
StepStone Pioneer Capital Europe	Stepstone Group	buyout	2006	—	6.5%	1.44x	1.42x
Highland Capital Partners VII, L.P.	Highland Capital Partners	buyout	2006	—	6.4%	1.60x	1.53x
H.I.G. Bayside Loan Fund II PE	H.I.G. Capital	growth equity	2010	—	6.4%	1.29x	1.21x
Coastline Fund, L.P.	Coastline	buyout	2003	—	6.4%	1.25x	1.08x
Equistone Partners Europe Fund V E, L.P.	Equistone Partners Europe	buyout	2015	—	6.4%	1.38x	1.12x
Bain Capital Fund IX, L.P.	Bain Capital	co investment	2006	—	6.4%	1.54x	1.54x
New Enterprise Associates 12, L.P.	New Enterprise Associates (NEA)	venture capital	2006	—	6.4%	1.40x	1.39x
LAV Biosciences Fund V, L.P.	Lilly Asia Ventures	venture capital	2019	—	6.3%	1.29x	0.37x
Mobius Technology Ventures Side Fund VI, L.P.	Mobius Venture Capital	venture capital	2003	—	6.3%	1.50x	1.48x
Lee Equity Partners, L.P.	Lee Equity Partners	co investment	2008	—	6.3%	1.22x	—
TCV XI	TCV	venture capital	2021	—	6.3%	1.20x	—
CVC Capital Partners VIII-A LP	CVC Capital Partners	buyout	2021	—	6.3%	1.13x	0.43x
Lexington Co-Investment Partners (Pools & II)	Lexington Partners	co investment	1998	—	6.3%	1.35x	1.35x
Lexington Co-Investment Partners (Pools I & II)	Lexington Partners	co investment	1998	—	6.3%	1.35x	1.35x
H.I.G. Bayside Loan Opp Fund III (Europe-Euro)	H.I.G. Capital	growth equity	2013	—	6.3%	1.27x	1.28x
Strategic Partners III-B, L.P.	Strategic	secondaries	2004	—	6.3%	1.49x	1.49x
Asia Alternatives Capital Partners V	Asia Alternatives Management	buyout	2017	—	6.3%	1.29x	0.35x
Banc Fund IX, L.P.	The Banc Funds Company	growth equity	2014	—	6.3%	1.56x	1.48x
Elan Fund, L.P.	Elan	buyout	2010	—	6.3%	1.33x	—
Generation Capital Partners, L.P.	Biogeneration Capital	buyout	1996	—	6.3%	1.22x	1.22x
Lee Equity Partners Fund	Lee Equity Partners	buyout	2008	—	6.3%	1.22x	1.22x
Paine Schwartz Food Chain Fund IV, L.P.	Paine Schwartz Partners	buyout	2015	—	6.3%	1.42x	0.50x
Pathway - Ppef VII	Pathway Capital Management	fund of funds	—	—	6.3%	—	—
Pathway Private Equity Fund III-Co Series B	Pathway Capital Management	co investment	2019	—	6.3%	1.31x	0.29x
Technology Crossover Ventures XI	Technology Crossover Ventures	venture capital	2020	—	6.3%	1.20x	—
The Baring Asia Private Equity Fund V	Baring Private Equity Asia	buyout	2010	—	6.3%	1.33x	1.33x
VS&A Communications Partners III	Veronis Suhler Stevenson	buyout	1998	—	6.3%	1.37x	1.37x
THOMA BRAVO XIV LP	Thoma Bravo	buyout	2020	—	6.2%	1.23x	0.32x
TPG STAR	TPG	buyout	2006	—	6.2%	1.28x	1.28x
Permira VII LP 1	Permira	buyout	—	—	6.2%	1.23x	0.24x
AEP IV OPERF Co-Investments	AEP	co investment	2018	—	6.2%	1.39x	0.40x
Clayton, Dubilier & Rice Fund VIII	Clayton Dubilier & Rice	private equity	2009	—	6.2%	1.14x	1.14x
EQT Real Estate Rock Co-Investment	EQT	co investment	2020	—	6.2%	1.30x	—
Castle Harlan Partners V	Castle	buyout	2008	—	6.2%	1.16x	1.16x
GGV II	Notable Capital	venture capital	2004	—	6.2%	1.63x	1.55x
Khosla Ventures Fund III, L.P.	Khosla Ventures	venture capital	2009	—	6.2%	1.35x	0.37x
Polish Enterprise Fund VI, L.P.	Enterprise Investors Sp. z o. o.	buyout	2006	—	6.2%	1.50x	1.41x
Primavera Capital Fund III	Primavera Venture Management Limited	buyout	2019	—	6.2%	1.30x	0.21x
Ripplewood Partners II LP	Ripplewood Holdings	buyout	2001	—	6.2%	1.19x	1.19x
Menlo Venture Partners, LP	Menlo	venture capital	1981	—	6.1%	1.30x	1.31x
General Catalyst Group X - Endurance	General Catalyst	venture capital	2020	—	6.1%	1.30x	0.07x
General Catalyst X - Endurance	General Catalyst	venture capital	2020	—	6.1%	1.31x	0.06x
BlackRock Carbon Capital V	BlackRock	growth equity	2006	—	6.1%	1.20x	1.20x
LCM Partners SOLO Va LP	Lcm	buyout	2020	—	6.1%	1.12x	0.33x
Vistria Fund IV	Vistria	private equity	2021	—	6.1%	1.17x	1.17x
Vistria Fund IV, LP	Vistria	buyout	2021	—	6.1%	1.17x	1.17x
Yucaipa American Alliance Fund II	Yucaipa American Alliance	buyout	2008	—	6.1%	1.48x	1.48x
Hellman & Friedman Partners X	Hellman & Friedman	buyout	2021	—	6.0%	1.16x	0.14x
USV 2022	Union Square Ventures (USV)	venture capital	2022	—	6.0%	1.12x	0.00x
Adams Street Venture/Growth Fund VI	Adams Street Partners	growth equity	2015	—	6.0%	1.50x	0.52x
The House Fund II	House	buyout	2017	—	6.0%	1.30x	0.00x
Olympus II Hyphen Solutions	Olympus	growth equity	2007	—	6.0%	1.70x	1.69x
PIMCO Bravo Fund OnShore Feeder II	PIMCO Europe	fund of funds	2014	—	6.0%	1.34x	1.27x
SAIF Partners III L.P.	SAIF	venture capital	2007	—	6.0%	1.74x	1.24x
Strategic Partners III VC, L.P.	Strategic	secondaries	2004	—	6.0%	1.36x	1.36x
Granite Global Ventures II, L P	—	private equity	2004	—	6.0%	—	1.05x
Harvest Partners IX	Harvest	buyout	2021	—	6.0%	1.10x	0.10x
Rubicon Technology Partners IV LP	Rubicon Technology Partners	buyout	2022	—	6.0%	1.10x	0.00x
DLJ Merchant Banking Partners II, L.P.	DLJ Merchant Banking	buyout	1996	—	6.0%	1.30x	1.30x
DLJ Merchant Banking Ptrs II, L.P.	DLJ Merchant Banking Ptrs	buyout	1996	—	6.0%	1.30x	1.30x
Ares Corporate Opportunities Fund V	Ares	buyout	2017	—	6.0%	1.30x	0.52x
Littlejohn Fund V, L.P.	Littlejohn	buyout	2014	—	5.9%	1.36x	1.01x
RRE Ventures IV	RRE Ventures	venture capital	2006	—	5.9%	1.64x	1.64x
Blackstone Capital Partners Fund V	The Blackstone Group	buyout	2005	—	5.9%	1.35x	0.33x
Element Partners Fund II	Element	buyout	2008	—	5.9%	1.86x	1.15x
Globespan Capital Partners IV	Globespan Capital Partners	venture capital	2003	—	5.9%	1.36x	1.36x
Castlelake III	Castlelake Pte. Ltd.	buyout	2013	—	5.9%	1.45x	1.18x

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).