🦊/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
Aquiline Financial Services Fund IIAquiline Oregon Co‐buyout20105.9%1.33x1.33x
RRE Ventures IV, L.P.Rreefventure capital20065.9%1.64x1.64x
Banc Fund X, L.P.The Banc Funds Companygrowth equity20185.9%1.37x0.19x
Patriot Financial Partners IIIPatriot Financial Partnersbuyout20175.9%1.36x0.93x
Project Globalbuyout20215.9%1.24x0.00x
DCPF VI Oil and Gas Co-Inv FundDCPFco investment20135.8%1.60x1.60x
Wigmore Street BDC IV Co-Investment No.1 LPWigmore Street (BDCco investment20215.8%1.10x0.00x
Summit Venture Capital VSummit Partnersventure capital20205.8%1.14x0.12x
Adams Street Global Secondary Fund 5 LPAdams Street Partnerssecondaries20125.8%1.35x1.12x
Alta BioPharma Partners IIIAlta Partnersventure capital20035.8%1.50x1.42x
TrueBridge Capital Partners Fund VII (Parallel) LPTrueBridge Capital Partnersfund of funds20215.8%1.11x0.06x
Alsop Louie Capital III, L.P.Alsop Louie Capitalprivate equity20155.8%1.58x0.65x
DCP IDCPbuyout20185.8%1.17x0.59x
Euro Choice IVEuro Choicebuyout20085.8%1.36x1.36x
Keystone Legacy FundKeystonesecondaries20185.8%1.40x1.37x
MN Asia InvestorsMN Asia Investorsbuyout20205.8%1.13x0.06x
CVC Capital Partners Fund VIII, L.P.CVC Capital Partnersbuyout20215.8%1.14x0.02x
Anchorage Capital PartnersAnchorage Illiquidbuyout20115.7%1.82x1.57x
Bregal Sagemount IV L.P.General Atlanticgrowth equity20225.7%1.10x0.00x
USV Climate 2021Union Square Ventures (USV)venture capital20205.7%1.18x0.00x
KKR Atlanta Co-InvestKohlberg Kravis Robertsco investment20145.7%1.33x
Ares Corporate Opportunities Fund V LPAresbuyout20175.7%1.27x0.46x
Castlelake IICastlelake Pte. Ltd.buyout20115.7%1.42x1.27x
Ardian LBO Fund VI-A LPArdianbuyout20165.7%1.28x0.78x
Glencoe Capital Partners III, L.PGlencoebuyout20015.7%1.29x1.29x
LCM Partners Illa LPLcmbuyout20165.7%1.27x0.73x
Levine Leichtman Capital Partners II, L.P.Levine Leichtmanbuyout19985.7%1.19x1.15x
SPC I-IVSPC LPbuyout20015.7%1.30x0.89x
Vicente Capital Partners Growth Equity Fund, L.P.Vicente Capital Partnersgrowth equity20085.7%1.40x1.39x
GHO Capital III, L.P.GHO Capital Partnersbuyout20215.7%1.17x0.00x
Sprout Capital IX, L.P.Sproutbuyout20005.7%1.40x1.42x
CB Richard Ellis Strategic Partners US V, L.P.CBRE Global Investorssecondaries20075.7%1.44x1.43x
FOUNDRY GROUP NEXT LPFoundryventure capital5.7%1.47x0.32x
Tiger Global PIP XVI LPTiger Global Managementventure capital20235.6%1.06x
Rubicon Technology Partners III LPRubicon Technology Partnersbuyout20205.6%1.22x0.28x
Industry Ventures Direct III, L.P.Industry Venturesventure capital20225.6%1.07x
Green Mountain Partners, L.P.Green Mountainbuyout19965.6%1.20x1.24x
HarbourVest Partners IV - Direct FundHarbourVest Partners (Canada)buyout19935.6%1.20x1.23x
EQT Ventures IIEQTventure capital20195.6%1.30x0.02x
LCM Partners IIIa LPLcmbuyout20165.6%1.30x0.88x
LLR Equity Partners VILLRbuyout20205.6%1.17x0.20x
Essex Woodlands Health Ventures Fund VIIEssex Woodlands Healthcare Partnersventure capital20065.6%1.40x1.40x
Riverside Europe Fund IV LPThe Riverside Companybuyout20095.6%1.29x1.28x
Synergy Life Science Partners, L.P.Synergy Life Scienceventure capital20065.6%1.55x1.55x
Battery Ventures Select Fund II, L.P.Battery Venturesventure capital20225.6%1.08x0.00x
HIPEP V-Asia Pacific and Rest of World Fund, L.P.HIPEPbuyout20065.6%1.40x1.39x
PENNYBACKER VI LPPennybackerbuyout5.5%1.07x0.00x
Split Rock Partners II, LPSplit Rock Partnersbuyout20085.5%1.37x1.19x
NMS Fund IINmsbuyout20135.5%1.24x1.24x
Tintoretto Reinsurance Partners, L.P.Tintoretto Reinsurancebuyout20115.5%1.05x
Accel - KKR Capital Partners VI, LPAccel-KKRbuyout20195.5%1.15x0.13x
Blue Run VenturesBlueRun Venturesventure capital20055.5%1.42x1.33x
Hellman & Friedman Capital Partners X, L.P.Hellman & Friedmanbuyout20215.5%1.16x0.15x
Merced Partners IIIMerced Capitalbuyout20105.5%1.30x1.29x
Project Sightbuyout20225.5%1.18x0.00x
Vcstar Capital Partners V, L PVCStar Capital Partnersprivate equity20055.5%0.92x
Evergreen IV, L.P.Evergreen Venture Partnersbuyout19875.5%1.30x1.31x
RLJ IlRLJ Ilbuyout20165.5%1.21x0.54x
MHR Institutional Partners IIIMHR Fund Managementbuyout20065.5%1.39x1.23x
Transwestern Strategic Partners Fund III, L.P.Transwesternsecondaries5.4%1.11x0.00x
Summit Growth Equity XISummit Partnersgrowth equity20215.4%1.09x0.02x
Summit Partners Venture Capital Fund V A L.P.Summit Partnersventure capital20205.4%1.12x0.06x
HealthQuest Partners IIIHealthQuest Capitalbuyout20195.4%1.20x0.23x
ICG Strategic Equity Co-Investment Fund IVIntermediate Capital Groupco investment20215.4%1.18x
Lexington Co-Investment Partners 2005 (Pools I & II), L.P.Lexington Partnersco investment20085.4%1.46x1.37x
Carlyle Strategic Partners IV, L.P.Carlyle Groupsecondaries20165.4%1.16x0.63x
RRE Ventures III, L.P.Rreefventure capital20015.4%1.34x1.29x
CBRE Strategic Partners U.S. OpportunityCBRE Global Investorssecondaries20085.4%1.40x
Landmark Equity Partners XIIILandmark Partnersbuyout20065.4%1.32x1.32x
Landmark Equity Partners XIII, L.P.Landmark Partnerssecondaries20065.4%1.32x1.32x
WCAS Capital Partners IVWCASbuyout19855.4%1.31x1.27x
Tribe Capital Fund III, L.P.Tribe Capital Firstlookventure capital5.3%1.18x
Phoenix Partners III, L.P.Phoenixbuyout19865.3%1.40x1.43x
Silver Lake Waterman Fund III LPSilver Lake Partnersbuyout20205.3%1.11x0.30x
Top Tier Venture Capital III LPTop Tier Capital Partnersventure capital20055.3%1.40x1.40x
Tritium Co-Investment - WarehouseTritium Partnersco investment20145.3%1.02x1.02x
(Lexington) Co-Investment Partners 2005 LP (Pools & II)Lexington Partnersco investment20055.3%1.45x1.43x
Peak XV Partners India Venture VIIPeakventure capital20205.3%1.20x0.07x
PRISA REPrisabuyout20055.3%1.59x
DCM Fund IV, L.P.DCMprivate equity20045.3%1.36x0.66x
J.P. Morgan Fleming (Tranche A)J.P. Morgan Asset Managementbuyout20055.3%1.36x1.09x
Paul Capital Top Tier Investments III, L.P.Paul Capital Partnersbuyout20125.3%1.40x1.40x
Scntimt Global Rl5ourccs Fund Ill, L.P.private equity20085.3%0.18x
Joy Capital II, L.P.Joy Capitalprivate equity20175.3%1.42x0.00x
AG Growth Capital Partners I LPAngelo Gordongrowth equity20085.3%1.36x1.35x
Summit Partners VC Fd V-A L.P.Summit Partnersgrowth equity20215.3%1.12x0.05x
DRA Growth & Income Fund V, LLCDRA Advisorsgrowth equity20055.2%1.46x1.46x
Weston Presidio Capital IV (Secondary)Weston Presidiosecondaries20005.2%1.27x1.27x
Sequoia Capital Global Growth Fund III - U.S.Sequoia Capitalgrowth equity20205.2%1.19x0.15x
(Lexington) Co-Investment Partners 2005 LP (Pools I & II)Lexington Partnersco investment20055.2%1.44x1.43x
RLJ Equity Partners Fund I, L.P.RLJbuyout20075.2%1.26x1.16x
Northbridge‐Strategic Fund II* RENorthbuyout20195.2%1.11x0.02x
Project Titanbuyout20215.2%1.23x0.00x
Prudential (PRISA)Prudential Capitalbuyout20055.2%1.70x0.37x
TA X, L.P.TA Associatesgrowth equity20065.2%1.30x1.30x
Nordic Capital Fund VII, L.P.Nordic Capitalbuyout20085.2%1.30x1.32x
B Capital Global Growth III, L.P.B Capitalgrowth equity20225.2%1.12x0.04x
WLR AGO Co-Inv, L.P.WLR AGO Co-Inv, L.Pbuyout20085.1%1.29x1.29x
Vista Equity Partners Fund VII-Z, L.P.Vista Equity Partnersbuyout20195.1%1.23x0.10x
BSPCC Liquidation LLC (F.K.A. Benefit Street Partners CRE)BSPCC Liquidation LLC (F.K.A. Benefit Streetbuyout20145.1%1.16x1.16x

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).