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
| Fund | Manager | Strategy | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| PENNYBACKER EIV | Pennybacker | buyout | — | — | -0.7% | 0.98x | — |
| Prudential Private Equity Investors III | Prudential Private | buyout | 1993 | — | -0.7% | 1.00x | 0.98x |
| Crestview Partners IV, L.P. | Crestview Partners | buyout | 2019 | — | -0.7% | 0.99x | 0.99x |
| Project Golden Eagle | Project Golden Eagle | buyout | 2015 | — | -0.7% | 0.97x | 0.00x |
| Atlantic Street Capital V, L.P. | Atlantic Street | buyout | 2021 | — | -0.7% | 0.69x | 0.00x |
| Bain Capital RE Fund II A | Bain Capital | buyout | 2021 | — | -0.8% | 0.98x | 0.09x |
| Grotech Partners V | Grotech Ventures | venture capital | 1998 | — | -0.8% | 1.00x | 0.98x |
| New Mountain CAS Continuation Fund, L.P. | New Mountain Capital | buyout | 2021 | — | -0.8% | 0.98x | 0.27x |
| Hicks, Muse, Tate & Furst Equity Fund III | Hicks Muse Tate Furst | buyout | 1996 | — | -0.9% | 0.97x | 0.97x |
| Incline Equity Partners V, L.P. | Incline | buyout | 2020 | — | -0.9% | 0.98x | 0.01x |
| LAKE CAPITAL PARTNERS LP | Lakewater | buyout | 2002 | — | -0.9% | 0.97x | 0.97x |
| Siris III | Siris | buyout | 2015 | — | -0.9% | 0.97x | 0.75x |
| Project Stream Co-Invest Fund | Project Stream Co-Invest | co investment | 2021 | — | -0.9% | 1.00x | 0.00x |
| Sprout VIII, L.P. | Sprout | buyout | 1998 | — | -0.9% | 0.90x | 0.94x |
| Capital Partners V LP | SVB | buyout | 2021 | — | -1.0% | 0.97x | 0.00x |
| Capital International Private Equity Fund VI | Capital Group | buyout | 2011 | — | -1.0% | 0.95x | 0.92x |
| TSG8 | TSG8 | buyout | 2018 | — | -1.0% | 0.96x | 0.04x |
| Bow Ventures Fund I | Bow Ventures | venture capital | 2016 | — | -1.0% | 0.95x | 0.00x |
| Industry Ventures Partnership Holdings III-A, L.P. | Industry Ventures | secondaries | 2014 | — | -1.1% | — | 0.95x |
| ICV III | ICV | buyout | 2013 | — | -1.1% | 0.95x | 0.58x |
| ICV Partners III | ICV | buyout | 2013 | — | -1.1% | 0.93x | 0.58x |
| Crv Select Fund II LP | Crv Select | venture capital | 2022 | — | -1.1% | 0.98x | 0.00x |
| INCLINE ELEVATE FUND II LP | Incline | growth equity | 2022 | — | -1.1% | 0.98x | — |
| KKR Asian Fund II LP | Kohlberg Kravis Roberts | buyout | 2013 | — | -1.1% | 1.00x | 0.82x |
| RSTW Partners III, LP | Rstw | buyout | 1997 | — | -1.2% | 0.90x | 0.94x |
| Signal Peak II, L.P. | Signal Peak Ventures | buyout | 2014 | — | -1.2% | 0.90x | 0.00x |
| Calera Capital Partners III | Calera Capital | buyout | 2003 | — | -1.2% | 0.95x | 0.95x |
| Cypress Merchant Banking Partners II | Cypress Merchant Banking | buyout | 1999 | — | -1.2% | 0.94x | 0.94x |
| Cypress Merchant Banking Partners II, LP | Cypress Realty | buyout | 1999 | — | -1.2% | 0.94x | 0.94x |
| Spectrum IX-A Discretionary Overage Progam II | Spectrum Equity | venture capital | 2021 | — | -1.2% | 0.96x | 0.05x |
| Alta Communications IX, L.P. | Alta Communications | buyout | 2003 | — | -1.2% | 0.90x | 0.90x |
| Calera Capital | Calera Capital | buyout | 2000 | — | -1.3% | 0.95x | 0.33x |
| Yucaipa Corporate Initiatives Fund II, LP | The Yucaipa Companies | buyout | 2008 | — | -1.3% | 0.91x | 0.89x |
| TI IV R1 CF Exit, L.P. | Ti Platform | buyout | 2024 | — | -1.3% | 1.00x | — |
| Morgan Stanley - Private Equity | Morgan Stanley | buyout | 1997 | — | -1.3% | — | — |
| Galen Partners III, LP | Galen Partners | venture capital | 1997 | — | -1.4% | 0.89x | 0.89x |
| Pegasus Partners V, L.P. | General Atlantic | buyout | 2011 | — | -1.4% | 0.95x | 0.95x |
| Pegasus Partners V | PEGASUS CAPITAL | buyout | 2011 | — | -1.4% | 0.95x | 0.95x |
| Carlyle Asia Growth Partners III, L.P. | Carlyle Group | growth equity | 2005 | — | -1.4% | 0.92x | 0.92x |
| Lone Star Fund V (U.S.), L.P. | Lone Star Japan Acquisitions | buyout | 2008 | — | -1.4% | 0.90x | 0.93x |
| Stonington Capital Appreciation 1994 Fund | Stonington | growth equity | 1994 | — | -1.4% | 0.88x | 0.88x |
| Domain Partners VII, L.P. | Domain Partners | private equity | 2006 | — | -1.4% | 0.95x | 0.95x |
| Yucaipa Corporate Initiatives Fund II | The Yucaipa Companies | buyout | 2008 | — | -1.4% | 0.90x | 0.90x |
| Opus Capital Venture Partners V | Opus Capital | venture capital | 2006 | — | -1.5% | 0.89x | 0.89x |
| AACP India Investors C | Asia Alternatives Management | buyout | 2009 | — | -1.5% | 0.89x | 0.45x |
| California Community Venture Fund, LLC | California Community | venture capital | 2003 | — | -1.5% | 0.91x | 0.88x |
| Paul Capital Partners IX LP | Paul Capital Partners | buyout | 2006 | — | -1.5% | 1.01x | 0.99x |
| Constitution Fund V, LLC Series F | Constitution | buyout | 2022 | — | -1.5% | 1.00x | 0.00x |
| Sherpa Healthcare Co-Investment Fund | Sherpa Healthcare Partners | co investment | 2020 | — | -1.6% | 0.94x | 0.00x |
| IK Fund X | IK Small Cap | buyout | 2022 | — | -1.6% | 0.99x | 0.00x |
| Orchid Asia VII | Orchid Asia | buyout | 2017 | — | -1.6% | 0.93x | 0.25x |
| Wind Point Partners VI | Wind Point Partners | buyout | 2005 | — | -1.6% | 0.95x | 0.95x |
| Italian Private Equity Fund IV, LP | Italian Private | buyout | 2003 | — | -1.6% | 0.91x | 0.91x |
| Leapfrog Ventures II, L.P. | Leapfrog | venture capital | 2005 | — | -1.6% | 0.90x | 0.79x |
| Phoenix Partners, L.P. | Phoenix | buyout | 1982 | — | -1.6% | 0.90x | 0.89x |
| SK Capital Partners Fund V, L.P. | SK Capital Partners | buyout | 2018 | — | -1.7% | 1.00x | 0.00x |
| Base10 Partners III, L.P. | Base10 Partners | venture capital | 2022 | — | -1.7% | 0.97x | 0.00x |
| JZI Fund III L.P. | JZI | private equity | 2015 | — | -1.7% | 0.93x | 0.52x |
| Column Group IV | The Column Group | venture capital | 2019 | — | -1.8% | 0.95x | 0.07x |
| Constellation Venture Capital III | Constellation | venture capital | 2007 | — | -1.8% | 0.87x | 0.87x |
| Constellation Venture Capital III, L.P. | Constellation | venture capital | 2007 | — | -1.8% | 0.87x | 0.87x |
| Hicks Muse Tate Furst III LP | Hicks Muse Tate Furst | buyout | 1996 | — | -1.8% | 0.89x | 0.89x |
| Constellation Ventures III, L.P. | Constellation | venture capital | 2007 | — | -1.8% | 0.87x | 0.00x |
| Fortress Investment Fund IV, L.P. | Fortress Investment Group | co investment | 2006 | — | -1.9% | 0.90x | 0.83x |
| Princeton Capital Corp. (fka Capital Point) | Princeton | buyout | 2007 | — | -1.9% | 0.89x | 0.72x |
| DFJ Frontier Fund II | DFJ Venture Partners | venture capital | 2007 | — | -1.9% | 0.83x | 0.36x |
| 3i Growth Capital Fund LP | 3i Group | growth equity | 2010 | — | -2.0% | 0.93x | 0.93x |
| HarbourVest Int'l PEP III - Direct Fund, L.P. | HarbourVest Partners (Canada) | fund of funds | 1998 | — | -2.0% | 0.80x | 0.83x |
| Peak XV Partners India Seed II | Peak | venture capital | 2021 | — | -2.0% | 0.94x | 0.08x |
| Oregon Investment Fund (Series 1) | Oregon | buyout | 2004 | — | -2.1% | 0.87x | 0.87x |
| Neotribe Ventures II, L.P. | Neotribe Ventures | venture capital | 2019 | — | -2.1% | 0.94x | 0.00x |
| Drive Capital Fund IV | Drive Capital | venture capital | 2022 | — | -2.2% | 0.95x | 0.00x |
| KKR Ascendant Strategy | Kohlberg Kravis Roberts | buyout | 2023 | — | -2.2% | 0.98x | 0.01x |
| Actis Emerging Markets 3, L.P. | Actis | buyout | 2007 | — | -2.2% | 0.92x | 0.91x |
| OVP Venture Partners VII, L.P. | OVP Venture Partners | venture capital | 2006 | — | -2.2% | 0.79x | 0.79x |
| Pharos Capital Partners IIA, L.P.4 | Pharos Capital Group | buyout | 2005 | — | -2.3% | 0.89x | 0.89x |
| Redpoint Ventures I, L.P. | Redpoint Ventures | venture capital | 1999 | — | -2.3% | 0.81x | 0.81x |
| New Enterprises Associates VIII A, L.P. | New Enterprise Associates (NEA) | venture capital | 2001 | — | -2.4% | 0.79x | 0.79x |
| Hicks, Muse, Tate & Furst, Inc. | Hicks Muse Tate Furst | buyout | 2006 | — | -2.4% | 0.92x | 0.92x |
| KKR European Fund VI (USD) SCSp | Kohlberg Kravis Roberts | buyout | 2022 | — | -2.4% | 0.97x | 0.00x |
| Montreux Equity Partners IV | Montreux | buyout | 2007 | — | -2.4% | 0.84x | 0.84x |
| Montreux Equity Partners IV, L.P. | Montreux | buyout | 2007 | — | -2.4% | 0.84x | 0.84x |
| Pharos Capital Partners IIA, L.P. | Pharos Capital Group | buyout | 2005 | — | -2.4% | 0.90x | 0.88x |
| Oak Investment Partners XI, L.P. | Oak Investment Partners | buyout | 2004 | — | -2.4% | 0.80x | 0.82x |
| Threshold Ventures IV, L.P. | Threshold Ventures | venture capital | 2022 | — | -2.5% | 0.98x | 0.00x |
| Eureka II | Eureka | buyout | 2006 | — | -2.5% | 0.92x | 0.92x |
| Essex Woodlands Health Ventures Fund VIII | Essex Woodlands Healthcare Partners | venture capital | 2008 | — | -2.5% | 0.86x | 0.86x |
| U.S. Venture Partners VII, L.P. | U.S. Venture Partners | venture capital | 2000 | — | -2.5% | 0.70x | 0.70x |
| China Vest IV | ChinaVest | venture capital | 1993 | — | -2.6% | 0.84x | 0.84x |
| Lime Rock Partners V, L.P. | Lime Rock Partners | buyout | 2008 | — | -2.6% | 0.88x | 0.75x |
| Thomas H. Lee Equity Fund IV LP | Thomas H. Lee Partners | buyout | 1998 | — | -2.6% | 0.87x | 0.87x |
| Tibbar Holdings, LLC (FKA TH Lee IV) | Tibbar Holdings, LLC (FKA TH Lee | buyout | 1998 | — | -2.6% | 0.87x | 0.87x |
| Capital International Private Equity Fund V LP | Capital Group Private Markets | fund of funds | 2007 | — | -2.7% | 0.94x | 0.94x |
| Lone Star Fund XII, L.P. | Lone Star Japan Acquisitions | buyout | 2024 | — | -2.7% | 0.99x | — |
| Goode Partners Consumer Fund III, L.P. | Goode | private equity | 2015 | — | -2.8% | 0.87x | 0.29x |
| Austin Ventures VII, L.P. | Austin | venture capital | 1999 | — | -2.8% | 0.80x | 0.81x |
| Aquiline Capital II | Aquiline Oregon Co‐ | buyout | — | — | -2.9% | — | — |
| KKR E2 Investors, L.P. | Kohlberg Kravis Roberts | buyout | 2009 | — | -2.9% | 0.90x | 0.91x |
| KKR E2 Investors (Euro 2 Annex Fund) | Kohlberg Kravis Roberts | buyout | 2009 | — | -2.9% | 0.91x | 0.91x |
| Catterton Growth Partners II, L.P. | L Catterton | growth equity | 2013 | — | -2.9% | 0.81x | 0.41x |
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).