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.

7,716 fundsas of December 2025

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
Vista Equity Partners IV	Vista Equity Partners	buyout	2020	—	30.8%	—	—
Searchlight Capital Partners IV, L.P.	Searchlight Capital Partners	buyout	2024	—	30.8%	1.20x	0.00x
Secondary Investment SPV-1 L.P.	Secondary	secondaries	2012	—	30.7%	—	1.72x
Spectrum Equity VIII L.P.	Spectrum Equity	venture capital	2018	—	30.6%	2.48x	1.52x
New Enterprises Associates VIII, L.P.	New Enterprise Associates (NEA)	venture capital	1998	—	30.6%	1.66x	1.64x
Golder, Thoma, Cressey & Rauner Fund	Golder, Thoma, Cressey, Rauner	buyout	1980	—	30.5%	11.87x	11.87x
Silver Lake III SL SPV-2, L.P.	Silver Lake Partners	buyout	2019	—	30.5%	2.30x	1.68x
Clayton, Dubilier & Rice Fund X, L.P.	Clayton Dubilier & Rice	buyout	2018	—	30.4%	2.27x	1.51x
GTCR Fund XI, L.P.	GTCR	buyout	2014	—	30.3%	3.00x	2.46x
Mill Point Capital Partners II	Mill Point Capital	buyout	2021	—	30.3%	1.52x	0.58x
Ares Corporate Opportunities Fund VI Co-Invest	Ares	buyout	2021	—	30.2%	1.83x	1.83x
Lone Star Fund IV (U.S.), L.P.	Lone Star Japan Acquisitions	buyout	2001	—	30.2%	2.30x	2.30x
GTCR XI	GTCR	growth equity	2013	—	30.2%	3.04x	2.84x
Flexpoint Ford Fund II, L.P.	Flexpoint Ford	buyout	2008	—	30.2%	1.68x	1.29x
Aquiline Financial Services Fund III	Aquiline Oregon Co‐	buyout	2015	—	30.1%	2.31x	2.13x
Warburg Pincus International Partners, L.P. - WSIB Secondary	Warburg Pincus	secondaries	2005	—	29.9%	2.60x	2.64x
Accel-KKR Capital Partners V Strategic Fund, L.P.	Accel-KKR	buyout	2017	—	29.9%	2.88x	1.45x
Mesirow Fd VII B PE	Mesirow	buyout	2017	—	29.8%	3.18x	1.40x
Accel-KKR Capital Partners V LP	Accel-KKR	buyout	2017	—	29.8%	2.68x	1.27x
Ocean Avenue Fund V	Ocean Avenue Capital Partners	buyout	2023	—	29.7%	1.33x	0.00x
AE Industrial Partners Fund III, L.P.	AE Industrial Partners	buyout	2023	—	29.6%	1.49x	0.09x
Endeavour Capital Fund III	Endeavour Capital	fund of funds	2000	—	29.6%	2.74x	2.74x
Spectrum Equity VIII-A, L.P.	Spectrum Equity	venture capital	2018	—	29.6%	2.30x	1.45x
Ampersand CF, L.P.	Ampersand	buyout	2020	—	29.5%	1.78x	1.06x
ASP Venture Innovation 2016-2018	—	venture capital	2016	—	29.4%	2.85x	0.52x
Blackstone Capital Partners IX	The Blackstone Group	buyout	2022	—	29.4%	1.27x	0.00x
Vista Equity Partners Fund III	Avista	buyout	2007	—	29.4%	2.44x	2.44x
Secondary Investment SPV-2 L.P.	Secondary	secondaries	2012	—	29.4%	—	1.85x
OrbiMed Private Investments IX, LP	OrbiMed	venture capital	2022	—	29.3%	1.16x	0.21x
Bridgepoint Europe II 'A' LP	Bridgepoint	co investment	2001	—	29.3%	1.79x	1.79x
Spark Capital Growth Fund	Spark	growth equity	2014	—	29.3%	1.44x	1.11x
Industry Ventures Fund V, L.P.	Industry Ventures	venture capital	2008	—	29.3%	—	2.88x
SkyKnight Capital Fund IV, L.P.	SkyKnight Capital	buyout	—	—	29.3%	1.31x	0.03x
Blackstone Capital Partners Asia II, L.P.	The Blackstone Group	buyout	2022	—	29.2%	1.51x	0.22x
KKR 1984 Fund, L.P.	Kohlberg Kravis Roberts	buyout	1984	—	29.2%	4.40x	4.42x
Reverence Cap PTR Op Fd V (PE Fd III)	Reverence Capital Partners	co investment	2023	—	29.2%	1.37x	0.03x
Menlo Ventures XI, L.P.	Menlo	venture capital	2011	—	29.1%	4.30x	3.63x
Summit Park I-A	Summit Park	private equity	2012	—	29.1%	5.03x	5.03x
Spectrum Equity Investors VIII, L.P.	Spectrum Equity	growth equity	2018	—	29.1%	2.34x	1.77x
Project Robin	—	growth equity	2015	—	29.0%	1.68x	0.95x
Silicon Valley Bank SIF V, L.P.	Silicon Valley Bank	buyout	2002	—	29.0%	6.15x	3.19x
HarbourVest -Dover Street XI	HarbourVest Partners (Canada)	fund of funds	2023	—	28.9%	1.33x	0.13x
Summit Park II, L.P.	Summit Park	private equity	2014	—	28.9%	2.45x	2.36x
Platinum Equity Capital Partners III	Platinum	buyout	2012	—	28.9%	2.11x	2.02x
One Rock Capital Partners III	One Rock Capital Partners	buyout	2021	—	28.8%	1.96x	0.91x
LCP FSBA Co-Invest Account	LCP FSBA Co-Invest Account	co investment	2001	—	28.7%	1.85x	0.50x
Project Life	—	buyout	2014	—	28.7%	1.77x	1.77x
Lindsay Goldberg IV, L.P.	Lindsay Goldberg	buyout	2015	—	28.6%	1.99x	1.53x
Ka - Renewable Opp Prt	Kayne Anderson Capital Advisors	fund of funds	—	—	28.6%	—	—
SL SPV-2, L.P.	SL SPV	buyout	2019	—	28.4%	3.53x	2.45x
Accel-KKR Growth Capital Partners II LP	Accel-KKR	growth equity	2015	—	28.4%	2.34x	1.87x
Water Street Healthcare Partners II, L.P.	Water Street Healthcare Partners	buyout	2008	—	28.3%	2.29x	1.88x
CapVestEquity Partners V	CapVestEquity	private equity	2023	—	28.3%	1.42x	0.00x
StepStone Tactical Growth Fund II, L.P.	Stepstone Group	growth equity	2017	—	28.2%	2.88x	1.54x
Endeavour Capital Fund IV, L.P.	Endeavour Capital	fund of funds	2004	—	28.2%	3.52x	3.52x
BVIP IX	BV Investment Partners	buyout	2017	—	28.2%	2.53x	1.55x
Rubicon Technology Partners II LP	Rubicon Technology Partners	buyout	2017	—	28.2%	2.14x	1.90x
Platinum Equity Capital Partners V Co-investment	Platinum	buyout	2020	—	28.1%	2.29x	0.00x
Dunes Point Capital Fund II, L.P.	Dunes Point Capital	buyout	—	—	28.0%	1.99x	1.13x
Francisco Partners Agility II	Francisco Partners	buyout	2020	—	28.0%	2.18x	0.92x
P4G I	P4G	buyout	2019	—	28.0%	2.04x	0.27x
AIMPERA Fund III LP	Aimpera Capital Partners	buyout	—	—	28.0%	1.37x	0.20x
Brighton Park Cap II	Brighton Park Capital	buyout	2022	—	27.9%	—	—
Hellman & Friedman Capital Partners V LP	Hellman & Friedman	buyout	2004	—	27.9%	2.70x	2.66x
Vertical Venture Partners	Vertical	venture capital	2015	—	27.9%	2.71x	2.29x
FSBA AAM Strategic Fund II, LP	Advanced Asset Management	buyout	2023	—	27.9%	1.21x	0.00x
Project Heat	—	buyout	2012	—	27.9%	3.38x	3.38x
T V I Fund IV	—	co investment	1986	—	27.9%	3.67x	3.67x
Joy Capital I	Joy Capital	private equity	2015	—	27.9%	2.33x	1.71x
Brookfield Capital IV	Brookfield Asset Management	buyout	2015	—	27.8%	—	—
Lexington Partners Investment Holdings, L.P.	Lexington Partners	fund of funds	2012	—	27.8%	8.70x	0.05x
RCP Fund Direct Feeder II, L.P.	RCP	buyout	2015	—	27.8%	2.40x	1.90x
Silver Oak Services Partners II, L.P.	Silver Oak Services Partners	private equity	2012	—	27.7%	3.10x	2.71x
OceanSound Partners Fund II	OceanSound Partners	buyout	2022	—	27.7%	1.35x	0.02x
Banner Ridge Secondary Fund IV (T), L.P.	Banner Ridge Partners	secondaries	2021	—	27.7%	1.74x	0.75x
Excellere Capital Fund II, L.P.	Excellere Partners	buyout	2011	—	27.7%	1.92x	1.66x
Peak Rock Capital Fund III LP	Peak Rock Capital	buyout	2021	—	27.6%	1.52x	0.42x
Summit Growth Equity VIII PE	Summit Partners	growth equity	2011	—	27.5%	2.29x	1.75x
Institutional Venture Partners V	IVP (Institutional Venture Partners)	venture capital	1991	—	27.5%	3.00x	3.00x
Project Camp	—	growth equity	2020	—	27.5%	1.78x	1.06x
One Rock Capital Partners Fund III, LP	One Rock Capital Partners	buyout	2020	—	27.4%	1.92x	0.91x
TSG6, L.P.	TSG6	buyout	—	—	27.4%	2.17x	2.16x
Inflexion Supplemental Fund IV PE	Inflexion	buyout	2016	—	27.4%	1.92x	0.72x
Clearlake Capital Partners IV, L.P.	Clearlake Capital Group	buyout	2015	—	27.3%	1.88x	1.57x
Silicon Valley Bank SIF VI-A	Silicon Valley Bank	buyout	2002	—	27.3%	4.34x	1.00x
Ardian Secondary Fund IX, L.P.	Ardian	secondaries	2023	—	27.3%	1.21x	0.08x
Sequoia Capital US Venture XVII	Sequoia Capital	venture capital	2020	—	27.2%	2.13x	0.00x
Silver Lake Technology Investors IV, LP	Silver Lake Partners	growth equity	2013	—	27.2%	3.35x	2.18x
H.I.G. Brazil & Latin America Partners PE	H.I.G. Capital	growth equity	2015	—	27.2%	1.80x	0.10x
Lincolnshire Equity Fund III	Lincolnshire	private equity	2004	—	27.2%	1.76x	1.76x
Lincolnshire Equity Fund III, L.P.	Lincolnshire	buyout	2004	—	27.2%	1.76x	1.76x
SG Growth Partners IV	—	growth equity	2017	—	27.2%	2.52x	1.13x
Banner Ridge DSCO Fund I, L.P.	Banner Ridge Partners	secondaries	2020	—	27.2%	1.61x	0.48x
ComVest Investment Partners IV	Comvest Credit	buyout	2010	—	27.1%	1.70x	1.70x
Wigmore Street Co-Investment No. 2	Wigmore Street (BDC	co investment	2015	—	27.1%	2.30x	0.82x
Castle Harlan Partners II	Castle	buyout	1992	—	27.1%	1.67x	1.67x
Olympic Venture Partners III	OVP Venture Partners	venture capital	1994	—	27.1%	2.22x	2.23x
Banner Ridge Secondary Fund III (TE), L.P.	Banner Ridge Partners	secondaries	2019	—	27.0%	1.73x	1.17x
RCP Collins Co-Invest LP	RCP	co investment	—	—	27.0%	1.27x	—
LLR Equity Partners IV	LLR	buyout	2013	—	27.0%	2.82x	2.48x

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).