🦊/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
BlackRock Carbon Capital VIBlackRockgrowth equity20024.1%1.11x0.56x
Bridgepoint Europe III 'C' L.P.Bridgepointco investment20154.1%1.19x1.13x
GGV VII PlusNotable Capitalventure capital20184.1%1.23x0.11x
One Peak Growth III SCSpOne Peakgrowth equity20224.1%1.05x0.00x
Horsley Bridge 14HORSLEY BRIDGE VENTUREventure capital20214.1%
Fortress Investment Fund V, L.P.Fortress Investment Groupco investment20074.1%1.50x1.08x
Zephyrus Aviation Partners I, L.P.Zephyrus Aviationbuyout20194.1%1.23x0.49x
AG Private Equity Partners IV (R), L.P.Angelo Gordonbuyout20084.1%1.31x0.51x
Altimeter Growth Partners Fund V, L.P.Altimeter Capitalgrowth equity4.0%1.19x
HongShan China Seed Fund I, L.P.HongShan Capital Groupventure capital20184.0%1.24x0.00x
HarbourVest Global Private Equity, L.P.HarbourVest Partners (Canada)fund of funds20074.0%1.40x1.38x
AION Capital PartnersAIONbuyout20124.0%1.19x0.91x
SAIF Partners IV L.P.SAIFventure capital20104.0%1.37x0.81x
Clarus Lifesciences I, L.P.Clarusventure capital20064.0%1.26x1.15x
Falcon Strategic Partners IV, L.P.Falcon Investment Advisorssecondaries20104.0%1.22x0.82x
Lighthouse Capital Partners V, L.P.Lighthouseprivate equity20024.0%1.19x1.19x
MatlinPatterson Global Opp. Ptnrs. IIIMatlinPatterson Globalprivate equity20074.0%1.20x1.22x
Ironwood Capital Partners V LPIronwood Capitalbuyout20224.0%1.00x0.20x
Burrill Life Sciences Capital Fund, L.P.Burrill & Companyventure capital20023.9%1.22x1.22x
Banc Fund VII, L.P.The Banc Funds Companygrowth equity20053.9%1.50x1.52x
Summit Partners Co-Invest (Ironman)Summit Partnersgrowth equity20183.9%1.30x
Fairview Ventures Fund II LPFairview Capital Partnersventure capital20033.9%1.34x1.34x
Valar Velocity Fund 2 LPValar Velocityventure capital20203.9%1.19x
Long Wharf Fund VLong Wharfbuyout20163.9%1.18x0.83x
Long Wharf Fund VILong Wharfbuyout20193.9%1.26x0.58x
Long Wharf Fund VIILong Wharfbuyout20233.9%0.96x0.24x
California Emerging Ventures II, LLCCalifornia Emergingventure capital19993.9%1.24x1.24x
Claremont Creek Ventures, LPClaremont Creek Venturesprivate equity20053.9%1.40x1.40x
DRA Growth and Income Fund VIII, LLCDRA Advisorsgrowth equity20133.9%1.15x1.12x
Vestar Capital Partners V, L.P.Vestar Capital Partnersbuyout20053.9%1.31x1.31x
Ara Fund II, LPAra Partnersbuyout3.9%1.09x0.00x
CLP 2014 (fka Perseus Partners VII)CLP 2014 (fka Perseusbuyout20063.9%8.88x0.39x
Thoma Bravo Fund XIV, L.P.Thoma Bravobuyout20203.8%1.12x1.12x
Lighthouse Capital Partners V, L.P. Venture CapitalLighthouseventure capital20023.8%1.20x1.17x
NB New York City Growth FundNeuberger Bermangrowth equity20053.8%1.27x1.27x
NB NYC Growth Fund, LLCNeuberger Bermangrowth equity20053.8%1.27x
GGV Capital Plus VIIINotable Capitalventure capital20213.7%1.10x0.00x
Landmark Primary Partners, L.P.Landmark Partnersbuyout19983.7%1.20x1.20x
Datadog, Inc.Datadog, Incbuyout20193.7%1.60x1.60x
Accel VIII, L.P.Accelventure capital20003.7%1.29x1.29x
Montauk TriGuard Fund IIIMontauk TriGuardbuyout20053.7%1.14x1.14x
American StrategicAmerican Industrialbuyout3.7%1.26x0.04x
Bain Capital Fund X Co-lnv15l, L.P.Bain Capitalprivate equity20073.7%
Bridgewater Pure Alpha Major Markets LLCBridgewater Associatesbuyout20183.7%
Clearlake Capital Partners VIIClearlake Capital Groupbuyout20213.7%1.11x0.00x
GGV VIII PlusNotable Capitalventure capital20203.7%1.10x0.00x
Bain Capital X Coinvestment Fund, LPBainco investment20083.7%1.25x0.98x
Resolve Growth PartnersResolvegrowth equity20213.6%
B Capital Fund II, L.P.Boyu Capitalgrowth equity20193.6%1.15x0.10x
KarpReilly Capital Partners IIKarpReillyprivate equity20123.6%1.27x0.75x
Mill Point IIMill Point Capitalbuyout20203.6%
Tudor Ventures III, L.P.Tudorventure capital20063.6%1.23x1.23x
HarbourVest Partners VI - Partnership FundHarbourVest Partners (Canada)buyout19993.6%1.20x1.23x
Aldrich Fund IIAldrichbuyout20223.6%1.06x0.00x
FdG Capital Partners II LPFdGbuyout20043.6%1.21x1.19x
Sun Capital Partners IV, LPSun Capital Partnersbuyout20053.6%1.21x1.12x
DCVC Bio II, L.P.DCVC Bioventure capital20203.5%1.07x0.21x
Oak Investment Partners X, L.P.Oak Investment Partnersbuyout20013.5%1.30x1.26x
Yucaipa American Alliance Fund I, LPYucaipa American Alliancebuyout20043.5%1.15x1.15x
California Emerging Ventures, LLCCalifornia Emergingventure capital19993.5%1.16x1.16x
JP Morgan Fleming (Tranche A)J.P. Morgan Asset Managementbuyout20053.5%1.21x1.21x
Lexington Partners VIILexington Partnersco investment20053.5%
U.S. Venture Partners VIII, L.P.U.S. Venture Partnersventure capital20013.5%1.30x1.30x
Pappas Life Science Ventures II, L.P.Pappas Life Science Venturesventure capital20003.5%1.20x1.20x
Prt VILexington Partnersco investment3.5%
Canaan XII L.P.Canaan Partnersventure capital20203.4%1.10x0.00x
Icon Partners IV, L.P.Iconbuyout20213.4%1.14x0.02x
Lyceum Capital Fund III A, LPLyceumbuyout20133.4%1.08x0.00x
OCM European Principal Fund III LPOaktreebuyout20103.4%1.21x1.05x
Bridgewater Pure Alpha MMBridgewater Associatesbuyout20103.4%
Prudential Capital Partners V, L.P.Prudential Financialbuyout20163.4%1.12x0.78x
Marlin Equity IVMarlin Equity Partnersbuyout20133.4%1.17x0.91x
Storm Ventures Fund VI, L.P.Storm Venturesventure capital20183.4%1.16x0.03x
CityView Bay Area Fund IICityviewbuyout20123.4%1.12x1.06x
TrueBridge Blockchain I (Parallel), L.P.TrueBridge Capital Partnersbuyout20223.3%1.05x0.00x
H.I.G. Capital Partners VIH.I.G. Capitalgrowth equity20203.3%1.10x0.11x
Project Liberty Hall Capital Partners Fund I, L.P.Project Liberty Hallbuyout20183.3%1.08x0.67x
Yucaipa American Alliance Fund IYucaipa American Alliancebuyout20023.3%1.11x1.11x
Yucaipa American Alliance Fund III, L.P.Yucaipa American Alliancebuyout20153.3%1.20x1.20x
Heartwood Partners IV, L.P.Heartwoodbuyout3.3%1.06x0.09x
Gilbert Global Equity Partners, L.P.Gilbert Global Equity Partnersbuyout19983.2%1.40x1.35x
Sterling Venture Partners IISterling Groupventure capital20053.2%1.25x1.25x
Sequoia Capital US Growth IXSequoia Capitalgrowth equity20203.2%1.11x0.03x
Alta BioPharma Partners II, L.P.Alta Partnersventure capital20003.2%1.18x0.96x
ClearVue Partners IIIClearVue Partnersbuyout20193.2%1.17x0.02x
Split Rock Partners LPSplit Rock Partnersbuyout20053.2%1.30x1.23x
Oaktree Principal Fund V, L.P.Oaktreebuyout20103.2%1.20x1.13x
USPF Il Institutional Fund, L.P.USPFbuyout20053.2%1.20x1.20x
GGV Capital SelectNotable Capitalventure capital20153.2%1.23x0.95x
Europa Fund IVEuropa Capitalbuyout20143.2%1.10x0.92x
Welsh, Carson, Anderson & Stowe VIIIWelsh, Carson, Anderson & Stowebuyout19983.1%1.30x1.29x
ESP Golden Bear Europe FundESP Golden Bear Europebuyout20073.1%1.11x0.59x
SL SPV-1, L.P.SL SPVbuyout20173.1%1.25x1.17x
Franklin Venture OppFranklin Templetonventure capital20223.1%1.06x0.00x
Ind Vent - Fund VIIND VENTsecondaries3.1%
HongShan China Venture Fund VIIHongShan Capital Groupventure capital20183.0%1.18x0.29x
HongShan GGF III China AnnexHongShan Capital Groupventure capital20203.0%1.09x0.02x
TrueBridge Capital FSA III, LLCTrueBridge Capital Partnersfund of funds20233.0%1.02x0.00x
Bain Capital X (Co-investment)Bain Capitalco investment20083.0%1.21x1.21x
Juniperus Insurance Opp. Fund Ltd.Juniperbuyout20123.0%

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).