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
Stripes IV	Stripes	buyout	2017	—	27.0%	2.81x	1.13x
Intersouth Partners III, L.P.	Intersouth	venture capital	1994	—	26.9%	2.14x	2.14x
Carousel Capital Partners V LP	Carousel	buyout	2017	—	26.9%	2.17x	0.99x
Mayfield VI	Mayfield Fund	venture capital	1988	—	26.9%	3.93x	3.93x
Veritas Capital Fund, L.P.	Veritas Capital	buyout	1997	—	26.9%	2.60x	2.60x
Insight Venture Partners V (Co-Investment)	Insight Partners	venture capital	2005	—	26.8%	3.30x	3.30x
Insight Venture Partners V Coinvestment Fund, L.P.	Insight Partners	growth equity	2005	—	26.8%	3.33x	3.17x
Insight Venture Partners V Co-Invest	Insight Partners	venture capital	2005	—	26.8%	3.30x	3.30x
JMI Equity Fund VIII	JMI Equity	venture capital	2015	—	26.7%	2.45x	1.95x
TA XI	Avista	growth equity	2010	—	26.7%	3.60x	3.49x
Charlesbank Equity Overage Fund X LP	Charlesbank Equity Overage	buyout	2021	—	26.7%	2.05x	0.45x
Insight Venture Partners V Coinvestment Fund, L.P. Co-Investment	Insight Partners	venture capital	2005	—	26.6%	3.15x	1.92x
Linden Capital Partners IV LP	Linden Capital	buyout	2018	—	26.6%	2.08x	1.05x
Aisling Capital III, L.P.	Aisling Capital	venture capital	2008	—	26.5%	2.38x	2.38x
TrueBridge FLSBA Special Purpose, LLC	TrueBridge Capital Partners	buyout	2012	—	26.5%	5.59x	2.34x
CVC European Equity Partners	CVC	buyout	1996	—	26.5%	2.43x	2.44x
Bridgepoint Europe V Co-Investment	Bridgepoint	buyout	2015	—	26.5%	2.17x	0.82x
P4G Capital Partners I	P4G	buyout	2018	—	26.5%	1.90x	0.38x
California Asia Investors, L.P.	California Asia Investors, L.P	buyout	2008	—	26.5%	4.23x	4.19x
Project Cardio	—	buyout	2023	—	26.5%	1.51x	0.00x
Project Gameday	—	buyout	2024	—	26.5%	1.30x	0.00x
Aisling Capital III	Aisling Capital	venture capital	2008	—	26.4%	2.38x	2.38x
Olympus Growth Fund VII	Olympus Partners	growth equity	2017	—	26.4%	2.04x	1.00x
Linden Capital Partners III	Linden Capital	buyout	2016	—	26.4%	2.31x	1.85x
Project Iceman	—	buyout	2023	—	26.4%	1.58x	0.00x
Insight Venture Partners V Coinvestment Fund, L.P. Venture Capital	Insight Partners	venture capital	2005	—	26.3%	3.40x	3.40x
KKR 1986 Fund	Kohlberg Kravis Roberts	secondaries	1986	—	26.3%	4.55x	4.55x
Gilde Buy-Out Fund V	Gilde Buy-Out	buyout	2016	—	26.3%	2.54x	2.16x
Top Castle Sidecar VII, L.P.	Top Castle Sidecar	buyout	2020	—	26.3%	1.67x	0.30x
Great Hill Equity Partners VII	Great Hill Partners	growth equity	2019	—	26.2%	1.66x	0.75x
U.S. Venture Partners V, L.P.	U.S. Venture Partners	venture capital	1996	—	26.2%	2.30x	2.26x
H.I.G Middle Market LBO Fund II PE	H.I.G. Capital	buyout	2014	—	26.2%	1.69x	0.86x
EQT VIII (Co-Invest)	EQT	buyout	2018	—	26.2%	2.11x	1.12x
Clayton Dubilier & Rice VIII, L.P.	Clayton Dubilier & Rice	buyout	2007	—	26.2%	2.43x	2.43x
Permira European Fund III	Permira	buyout	2003	—	26.1%	1.70x	1.72x
EQT VIII Co-Investment	EQT	buyout	2018	—	26.1%	2.11x	1.11x
Wellspring Capital Partners III LP	Wellspring	buyout	2002	—	26.1%	2.07x	2.07x
Ocean Avenue Fund IV	Ocean Avenue Capital Partners	buyout	2022	—	26.1%	1.93x	0.01x
Mayfield IV	Mayfield Fund	venture capital	1981	—	26.0%	2.63x	2.63x
Thoma Bravo Fund XI	Thoma Bravo	buyout	2014	—	26.0%	2.67x	2.36x
Thoma Bravo XI	Thoma Bravo	buyout	2014	—	26.0%	3.63x	3.14x
Arch IX Overage	ARCH Venture Partners	venture capital	2016	—	26.0%	2.85x	1.89x
Goldner Hawn Fund VII, L.P.	Goldner Hawn	buyout	2018	—	26.0%	2.05x	1.03x
EQT VIII SCSP (Co-Invest)	EQT	buyout	2018	—	26.0%	2.10x	1.10x
VSS Structured Capital II, L.P.	Veronis Suhler Stevenson	buyout	2008	—	25.9%	1.94x	1.94x
Permira Europe III	Permira	buyout	2003	—	25.9%	1.64x	1.64x
Francisco P art ners IV, L.P.	Francisco Partners	buyout	2015	—	25.8%	3.08x	2.39x
L Catterton Growth Partners III, L.P.	L Catterton	growth equity	2016	—	25.8%	3.08x	1.84x
Thomas H. Lee Equity Fund VIII, L.P.	Thomas H. Lee Partners	buyout	2018	—	25.8%	1.80x	1.15x
Halifax Capital Partners III, L.P.	Halifax Group	buyout	2012	—	25.8%	1.97x	1.97x
Bain Capital Ventures 2022	Bain Capital Ventures	venture capital	2022	—	25.7%	1.34x	0.00x
SDCERA Public Pension Capital LLC	SDCERA Public Pension	buyout	2017	—	25.7%	1.74x	0.88x
ABRY Heritage Partners	ABRY Partners	co investment	2016	—	25.7%	2.01x	1.49x
Institutional Venture Partners XII, L.P.	IVP (Institutional Venture Partners)	venture capital	2007	—	25.7%	2.72x	2.72x
Fortress Investment Fund, L.P.	Fortress Investment Group	co investment	2000	—	25.7%	2.30x	2.34x
Providence Strategic Growth Fund IV, LP	Providence	growth equity	2019	—	25.6%	1.99x	1.03x
Redwood Lane Capital, L.P.	Redwood Lane	buyout	2022	—	25.6%	1.41x	0.00x
Francisco Partners IV LP	Francisco Partners	buyout	2015	—	25.5%	3.03x	2.44x
Great Hill Equity Partners IV	Great Hill Partners	growth equity	2008	—	25.5%	3.10x	2.88x
Alta V Limited Partnership	Altaris Capital Partners	buyout	1992	—	25.5%	2.42x	2.42x
HGGC Fund III, L.P.	HGGC	buyout	2017	—	25.5%	2.32x	1.80x
General Catalyst XI - Creation	General Catalyst	venture capital	2021	—	25.4%	1.65x	—
Summit Partners Growth Equity Fund VIII-A	Summit Partners	growth equity	2012	—	25.4%	2.37x	2.37x
Littlejohn Fund III	Littlejohn	buyout	2004	—	25.4%	2.37x	2.37x
Hellman & Friedman Capital Partners VIII PE	Hellman & Friedman	buyout	2014	—	25.4%	1.95x	0.29x
Summit Partners Growth Equity VIII-A	Summit Partners	growth equity	2011	—	25.3%	2.07x	1.99x
Summit Growth Equity VIII	Summit Partners	growth equity	2011	—	25.3%	2.13x	2.05x
Summit Partners Growth Equity Fund VIII	Summit Partners	growth equity	2011	—	25.3%	2.33x	2.24x
Summit Partners Growth Equity Fund VIII-A LP	Summit Partners	growth equity	2012	—	25.3%	2.36x	2.27x
Strategic Investors Fund V-A Opportunity LP	SVB	buyout	2012	—	25.3%	6.49x	5.29x
Lexington Co-Investment Partners 2005 Pool IV	Lexington Partners	co investment	2012	—	25.3%	1.84x	0.47x
Investindustrial Growth IIIr	Investindustrial	growth equity	2022	—	25.3%	1.30x	—
Strategic Investors V-B, L.P.	Strategic	buyout	2012	—	25.3%	5.59x	4.17x
Insight Venture Partners Growth-Buyout Coinvestment Fund LP	Insight Partners	venture capital	2015	—	25.3%	3.40x	2.76x
Ind Vent - Prt Hold V	IND VENT - PRT HOLD	venture capital	—	—	25.2%	—	—
Main Post Co-Investment	MAIN	growth equity	2017	—	25.2%	5.78x	0.61x
Altaris Health Partners II, L.P.	Altaris Capital Partners	buyout	2008	—	25.1%	2.20x	2.20x
Hellman & Friedman Capital Partners VII PE	Hellman & Friedman	buyout	2009	—	25.1%	2.60x	2.22x
New Mountain Partners V, L.P.	New Mountain Capital	buyout	2017	—	25.1%	2.30x	1.83x
Lone Star Fund XI	Lone Star Japan Acquisitions	buyout	2019	—	25.1%	1.58x	0.89x
Bridgepoint Europe V Co-Invest	Bridgepoint	buyout	2015	—	25.1%	2.68x	2.15x
Kainos Capital Partners, L.P.4	Kainos	buyout	2013	—	25.0%	1.43x	1.43x
Mayfield VII	Mayfield Fund	venture capital	1992	—	25.0%	2.86x	2.86x
Golder, Thoma, Cressey, Rauner Fund IV, L.P	Golder, Thoma, Cressey, Rauner	buyout	1993	—	25.0%	2.12x	2.12x
SilverStone II, LLC Series B (Bain IX)	SilverStone	buyout	2006	—	25.0%	1.92x	1.92x
Grove Street Partners Ventures III, L.P.	GroveStreet	buyout	2008	—	24.9%	3.30x	1.16x
Searchlight Partners II, L.P.	Searchlight Capital Partners	buyout	2006	—	24.9%	1.93x	1.38x
Mesirow Capital Partners Co-Invest X	Mesirow	buyout	2009	—	24.9%	2.91x	2.80x
A&M Capital Partners	Alvarez & Marsal Capital	buyout	2012	—	24.8%	2.17x	1.79x
Berkshire Fund VI	Berkshire	buyout	2002	—	24.8%	3.20x	3.11x
Kainos Capital Partners, L.P.	Kainos	buyout	2013	—	24.8%	1.40x	1.43x
KSL Capital Partners Supplemental II	KSL	buyout	2009	—	24.8%	2.16x	2.17x
NMS Fund IV	Nms	buyout	2020	—	24.8%	1.49x	0.63x
Hellman & Friedman Capital Partners VII	Hellman & Friedman	buyout	2011	—	24.8%	3.31x	3.24x
Lion Capital Fund I	Lion Capital	buyout	2004	—	24.8%	1.78x	1.78x
KSL Capital Partners Supplemental II TE, L.P.	KSL	private equity	2009	—	24.8%	2.20x	2.16x
Insignia Capital Partners (Parallel A)	Insignia Capital Group	buyout	2013	—	24.8%	2.60x	2.05x
TrueBridge-Kauffman Fellows Fund III, L.P.	TrueBridge Capital Partners	buyout	2004	—	24.7%	3.97x	1.04x
Lightspeed Venture Partners XIV-B, L.P. (Ignite)	Lightspeed Venture Partners	venture capital	2022	—	24.6%	1.44x	0.00x
Strategic Investors Fund V-A LP	SVB	fund of funds	2011	—	24.6%	5.53x	4.13x

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).