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
LaSalle Income & Growth Fund VII	LaSalle	growth equity	2015	—	-2.9%	0.91x	0.73x
GHO Capital Virtue	GHO Capital Partners	buyout	2022	—	-2.9%	0.92x	0.00x
Sector Performance Fund	Sector Performance	buyout	2007	—	-2.9%	2.67x	0.90x
The House Fund III	House	buyout	2021	—	-3.0%	0.97x	0.00x
Cerberus VI Institutional Feeder	Cerberus	buyout	2023	—	-3.0%	0.97x	0.00x
Dlj Recp III	Dlj Recp	buyout	2005	—	-3.0%	1.19x	1.12x
Richland Ventures III	Richland Ventures	venture capital	1999	—	-3.0%	0.85x	0.85x
Alsop Louie Capital II, L.P.	Alsop Louie Capital	private equity	2010	—	-3.0%	0.67x	0.14x
SK Capital Partners Fund V, L.P.1	SK Capital Partners	buyout	2018	—	-3.1%	0.96x	—
Prairie Capital VII QP	Prairie Capital	buyout	2021	—	-3.1%	0.92x	0.08x
McCown De Leeuw & Co. IV, L.P.	McCown De Leeuw & Co	buyout	1998	—	-3.1%	0.79x	0.79x
Highland Consumer Fund LP	Highland Consumer Partners	buyout	2007	—	-3.1%	0.77x	0.71x
Canvas Ventures 3 L.P.	Canvas Ventures	venture capital	2020	—	-3.2%	0.92x	0.00x
HongShan China Venture VIII	HongShan Capital Group	venture capital	2020	—	-3.2%	0.89x	0.00x
Arsenal Capital Partners VI	Arsenal	buyout	2021	—	-3.2%	0.94x	0.05x
Yiheng Capital Partners	Yiheng Capital	buyout	2009	—	-3.2%	0.04x	—
Beacon Capital Strategic Partners IV, L.P.	Beacon Capital	secondaries	2006	—	-3.3%	0.83x	0.83x
Lone Star Fund IX (U.S.), L.P.	Lone Star Japan Acquisitions	buyout	2015	—	-3.3%	1.00x	0.97x
DFJ Element	DFJ Venture Partners	venture capital	2006	—	-3.4%	0.73x	0.73x
Rice Partners II, L.P.	Rice	buyout	1994	—	-3.4%	0.90x	0.88x
Horsley Bridge 14 Plus 1	HORSLEY BRIDGE VENTURE	venture capital	2021	—	-3.4%	—	—
Carlyle Europe Partners V, S.C.SP.	Carlyle Group	buyout	2019	—	-3.5%	0.91x	0.21x
FG Next Flatirons I, L.P.	FG Next Flatirons	venture capital	2021	—	-3.5%	0.91x	—
GEI Jupiter Holdings J, L.P.	GEI Jupiter Holdings J.	buyout	2025	—	-3.5%	1.00x	0.07x
Highland Consumer Fund I	Highland Capital Partners	buyout	2007	—	-3.5%	0.76x	0.76x
Pegasus Partners IV, L.P.	General Atlantic	buyout	2007	—	-3.5%	0.83x	0.83x
Pegasus Partners IV	PEGASUS CAPITAL	buyout	2007	—	-3.5%	0.83x	0.83x
Fairview Capital III, L.P.	Fairview Capital Partners	buyout	2001	—	-3.5%	0.80x	0.80x
StepStone International Investors III L.P.	Stepstone Group	buyout	2006	—	-3.7%	0.83x	0.82x
Latin America Capital Partners II	Latin America	buyout	1997	—	-3.7%	0.80x	0.80x
Yucaipa Corporate Initiatives Fund I, L.P.	The Yucaipa Companies	buyout	2001	—	-3.7%	0.78x	0.77x
Yucaipa Corporate Initiatives Fund	The Yucaipa Companies	buyout	2003	—	-3.8%	0.63x	0.61x
Lime Rock Partners VI, L.P.	Lime Rock Partners	buyout	2011	—	-3.8%	0.91x	0.91x
Hony Capital Fund V	Hony	buyout	2011	—	-3.9%	0.74x	0.49x
Rubik Holdings Ltd.	Rubik	buyout	2012	—	-3.9%	—	—
Fortress Investment Fund IV, L.P. - Co-Investment	Fortress Investment Group	co investment	2006	—	-3.9%	0.70x	0.72x
Techstars Ventures 2022, L.P.	Techstars Ventures 2022	venture capital	2021	—	-4.0%	0.93x	—
CBRE Asia Value Partners 7 SCSp	CBRE	buyout	2025	—	-4.0%	0.96x	0.00x
HMCapital Sector Performance Fund	Rh Capital	buyout	2008	—	-4.0%	0.90x	0.86x
SilverStone II, LLC Series C (Excel Ventures I & II)	SilverStone	buyout	2008	—	-4.0%	0.73x	0.38x
Mill City Fund II	Mill City	buyout	2014	—	-4.1%	0.77x	0.77x
Centre Capital Investors II, L.P.	Centre Lane	buyout	1996	—	-4.1%	0.81x	0.81x
St. Cloud Capital Partners II	St. Cloud Capital	buyout	2006	—	-4.2%	1.40x	1.39x
InterWest Partners VII, L.P.	—	venture capital	1999	—	-4.2%	0.69x	0.69x
Polaris Venture Partners III, L.P	Polaris Partners	venture capital	2000	—	-4.2%	0.72x	0.72x
Conning Capital Partners V, L.P.	Conning	buyout	1997	—	-4.2%	0.80x	0.80x
Millennium Tech Value Partners II (Master)	Millennium	secondaries	2011	—	-4.4%	0.68x	0.68x
Parallax Co-Investment #2	PARALLAX	co investment	2014	—	-4.4%	0.83x	0.83x
Vitruvian Investment Partnership V	Vitruvian Partners	buyout	2023	—	-4.4%	0.97x	0.00x
Brynwood Partners IX L.P.	Brynwood	buyout	2023	—	-4.5%	0.97x	0.02x
Dover Street VII Cayman Fund L.P.	HarbourVest Partners (Canada)	secondaries	2014	—	-4.5%	0.90x	0.90x
Bessemer Venture Partners XII	Bessemer Venture Partners	venture capital	2024	—	-4.5%	0.97x	—
Thayer Equity Investors IV, L.P.	Thayer	buyout	1998	—	-4.5%	0.70x	0.70x
Crescendo Ventures IV	Crescendo Ventures	venture capital	2000	—	-4.6%	0.57x	0.56x
Project Sparrow	—	buyout	2017	—	-4.6%	0.90x	0.75x
Stonelake Opportunity Partners VII	Stonelake Capital Partners	buyout	2022	—	-4.6%	0.95x	—
TSG9 L.P.	TSG	buyout	2023	—	-4.6%	0.94x	0.06x
Kline Hawkes Pacific, L.P.	Kline Hawkes Pacific, L.P	buyout	2000	—	-4.8%	0.68x	0.68x
Domain Partners VI, L.P.	Domain Partners	private equity	2003	—	-4.8%	0.81x	0.81x
Cerberus CAL III Partners, L.P.	Cerberus	buyout	2019	—	-4.9%	0.84x	0.09x
CVC Capital Partners Asia Pacific II	CVC Capital Partners	buyout	2005	—	-5.0%	0.79x	0.79x
NB New York City Growth Fund IA	Neuberger Berman	growth equity	2008	—	-5.0%	0.67x	0.67x
Next Coast Ventures II, L.P.	Next Coast Ventures	private equity	2019	—	-5.0%	0.79x	0.01x
Venture Strategy Partners II, L.P	Venture Strategy Partners	venture capital	1998	—	-5.1%	0.71x	0.71x
Montefiore Investment VI S.L.P.	Monteflore Investment	growth equity	2023	—	-5.1%	0.95x	0.00x
Century Park Capital Partners II	Century Park Capital Partners	buyout	2005	—	-5.1%	0.83x	0.83x
Clearwater Capital Partners Fund I, L.P.	Clearwater Capital Partners	buyout	2007	—	-5.1%	0.85x	0.85x
Stride Consumer Fund LP	Stride Consumer Partners	buyout	2021	—	-5.1%	0.95x	0.00x
Venture Strategy Partners II	Venture Strategy Partners	venture capital	2000	—	-5.1%	0.71x	0.71x
VSS Communications Partners IV	Veronis Suhler Stevenson	buyout	2005	—	-5.1%	0.74x	0.74x
Hony Capital Fund 2008, L.P.	Hony	buyout	2008	—	-5.1%	0.68x	0.59x
STG Allegro Fund, L.P.	Stg	buyout	2021	—	-5.1%	0.95x	—
Vertical Venture Partners III	Vertical	venture capital	2021	—	-5.3%	0.88x	0.00x
Crescendo World Fund, LLC	Crescendo World	buyout	1997	—	-5.5%	0.80x	0.80x
StarVest Partners II (Parallel), L.P.	StarVest Partners	venture capital	2007	—	-5.5%	0.64x	0.60x
Exxel Capital Partners VI	Exxel	buyout	2000	—	-5.5%	0.50x	0.29x
Arbor Investments V LP	Arbor Investments	buyout	2021	—	-5.5%	0.84x	0.01x
TSG 9	TSG	buyout	2021	—	-5.6%	0.94x	0.05x
Intersouth Partners V, L.P.	—	private equity	2000	—	-5.6%	0.67x	0.67x
Aldrich Capital Partners Fund II, LP	Aldrich	co investment	2022	—	-5.6%	0.90x	0.00x
Vitruvian Investment Partnership I	Vitruvian Partners	buyout	2007	—	-5.7%	0.85x	0.85x
Tillridge Global Agribusiness Partners II	Tillridge Global Agribusiness	buyout	2016	—	-5.7%	0.79x	0.15x
SCP Private Equity Partners II, L.P.	SCP Private Equity Partners	buyout	2000	—	-5.7%	0.47x	0.47x
Mobius Technology Ventures VI, L.P.	Mobius Venture Capital	venture capital	2000	—	-5.8%	0.60x	0.60x
Washington & Congress Capital Partners, LP	Washington & Congress	buyout	1998	—	-5.9%	0.80x	0.80x
KKR Global Impact Fund II SCSp	Kohlberg Kravis Roberts	buyout	2023	—	-5.9%	0.90x	0.00x
KRG Capital Partners III	KRG	buyout	2005	—	-5.9%	0.77x	0.38x
LightBay Investment Partners II LP	LightBay Capital	buyout	2022	—	-6.0%	0.94x	0.00x
Thoma Bravo Growth I	Thoma Bravo	growth equity	2021	—	-6.0%	0.83x	0.04x
New Enterprise Associates 9, L.P.	New Enterprise Associates (NEA)	venture capital	1999	—	-6.1%	0.46x	0.46x
Sequoia Capital IX	Sequoia Capital	venture capital	1999	—	-6.1%	0.86x	0.60x
Bear Technology Fund, L.P.	Bear Technology	venture capital	2021	—	-6.2%	0.85x	0.00x
Oak Investment Partners IX, L.P.	Oak Investment Partners	buyout	1999	—	-6.3%	0.70x	0.66x
SCP Private Equity Partners I, L.P.	SCP Private Equity Partners	buyout	1997	—	-6.3%	0.70x	0.70x
Kodiak Venture Partners III, L.P	Kodiak	venture capital	2004	—	-6.5%	0.72x	0.72x
KSL Capital Partners Fund VI	KSL	buyout	2023	—	-6.5%	0.78x	0.00x
KSL Capital Partners VI	KSL	buyout	2022	—	-6.5%	0.68x	—
Prism Venture Partners IV	Prism	venture capital	2001	—	-6.5%	0.73x	0.73x
Strategic Partners III RE, L.P.	Strategic	secondaries	2005	—	-6.5%	0.59x	0.59x
Kodiak Venture Partners III	Kodiak	venture capital	2004	—	-6.5%	0.72x	0.72x

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).