Fundraising Fox

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
AllPrivate equityPrivate creditReal assetsOpportunistic
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
AG Europe Realty Fund IV, L.P.Angelo Gordonreal estate equity2024—-0.7%1.00x0.00x
Stonepeak Tiger (Co-Invest) Holdings (I-B) LPStonepeakinfrastructure2021—-0.8%1.00x—
Blackstone Real Estate Partners Asia IIIThe Blackstone Groupreal estate equity2021—-0.9%0.99x0.04x
Rockwood Capital Real Estate Partners Fund VI, L.PRockwoodreal estate equity2005—-0.9%0.95x0.95x
TRG AIRROThe Rohatyn Groupinfrastructure2008—-1.0%0.90x0.66x
BN Capital Fund II, L.P.BN Capitalreal estate equity2017—-1.0%0.96x0.83x
Grandview II TX, L.P.Grandviewreal estate equity——-1.1%0.98x—
Kayne Anderson Energy Fund VII, L.P.Kayne Anderson Capital Advisorsnatural resources2017—-1.3%—0.92x
Lubert-Adler Real Estate Fund VII, L.P.Lubert-Adlerreal estate equity——-1.3%0.96x0.68x
CAPMAN NORDIC RE III FCP RAIFCapManreal estate equity2021—-1.3%0.97x0.02x
Blackstone Property Partners Life Sciences L.P.The Blackstone Groupreal estate equity2020—-1.5%0.95x0.08x
Pramerica Real Estate Capital VI, L.P.PGIM Real Estatereal estate equity2015—-1.6%0.96x0.78x
EnerVest Energy Institutional Fund XI-B, LPEnerVestnatural resources2007—-1.7%0.98x0.98x
Rubenstein Properties Fund III RERubenstein Partnersreal estate equity2015—-1.8%0.95x0.02x
Urban Strategy America Fund, L.P.Urban Strategy Americareal estate equity2005—-1.9%0.87x0.87x
Fortress Transportation Infrastructure, LLCFortress Investment Groupinfrastructure2012—-2.0%0.92x0.92x
First Reserve Energy Infrastructure FundFirst Reserve Corporationinfrastructure2010—-2.0%0.93x0.89x
CDK Multifamily ICdk Multifamilyreal estate equity2014—-2.0%0.90x0.94x
First Reserve Fund XIII, L.P.First Reserve Corporationnatural resources2014—-2.1%0.91x0.60x
Kayne Anderson Energy Fund IIIKayne Anderson Capital Advisorsnatural resources2005—-2.1%1.00x0.95x
TRG AIRRO IIThe Rohatyn Groupinfrastructure2013—-2.2%0.80x0.71x
Clarion Bryan Street LoftsClarion Partnersreal estate equity2005—-2.2%0.80x0.81x
Blue Water Energy Fund I-A LPBluenatural resources2021—-2.3%0.94x0.44x
GRAIN COMMUNICATIONS OPPORTUNITY FUND III LPGrain Managementinfrastructure2021—-2.4%1.00x0.14x
Carlyle Europe Real Estate Partners IIICarlyle Groupreal estate equity2007—-2.5%0.88x0.89x
CBRE U.S. Core Partners, LPCBREreal estate equity2023—-2.6%0.97x0.03x
GEM REALTY FUND VII LPGem Realtyreal estate equity2022—-2.6%0.97x0.00x
EnCap Energy Capital Fund VIII Co-Investors, L.P.EnCap Energy Capitalnatural resources2011—-2.6%0.80x0.47x
Rockpoint Real Estate Fund VRockpointreal estate equity2014—-2.6%0.90x0.57x
AERMONT Real Estate Fund IVAermontreal estate equity2019—-2.8%0.89x0.00x
LBA Logistics Value Fund IX, L.P.Lba Realtyreal estate equity2022—-2.8%1.19x0.00x
Domain Environmental Investments II, L.P.Domain Capital Groupnatural resources2008—-2.8%0.80x0.72x
GSO Energy Partners-C LPThe Blackstone Groupnatural resources2013—-3.1%0.88x0.85x
Denham Commodity Partners Fund VI LPDenham Capitalinfrastructure2011—-3.1%0.90x0.57x
Asper Renewable Power Partners 2 A L.P.Asper Renewable Powerinfrastructure2010—-3.1%0.80x0.80x
Global Energy & Power Infrastructure FundGIPinfrastructure2010—-3.2%0.90x0.89x
Walton Street VWalton Streal estate debt2006—-3.6%0.71x0.69x
Heitman Asia-Pacific Property InvestorsHeitmanreal estate equity2018—-3.7%0.86x0.41x
Walton Street Real Estate Fund V, L.P.Walton Streal estate equity2006—-3.8%0.71x0.69x
EIG Energy Fund XIVEIG Global Energy Partnersnatural resources2007—-3.8%0.89x0.89x
Asper Renewable Power Partners L.P.Asper Renewable Powerinfrastructure2006—-4.1%0.84x0.83x
Riverstone Global Energy and Power Fund V, L.P.Riverstone Global Energy and Powernatural resources2012—-4.1%0.83x0.85x
Brookfield Strategic Real Estate Partners VBrookfield Asset Managementreal estate equity2023—-4.2%0.99x0.00x
EnCap Energy Capital VIII PEEnCap Energy Capitalnatural resources2011—-4.3%0.86x0.59x
H/2 Credit Partners REH/2real estate debt2011—-4.3%—1.50x
U.S. Farming Realty Trust III NRU.S. Farming Realty Trustreal estate equity2015—-4.5%0.86x0.10x
JP Morgan Alternative Property FundJ.P. Morgan Asset Managementreal estate equity2006—-4.6%0.70x0.74x
Artemis Real Estate Partners Fund IV, L.P.Artemisreal estate equity2021—-4.9%0.96x0.00x
Blackrock Granite Property FundBlackRockreal estate equity2006—-4.9%—0.78x
Guggenheim Structured Real Estate III, L.P.Guggenheim Partnersreal estate debt2008—-5.0%0.82x0.82x
Invesco RE US VIInvescoreal estate equity2022—-5.2%0.89x0.00x
Greystar Equity Partners XI, L.P.Greystar Equityreal estate equity2023—-5.3%0.94x0.09x
Bain Capital Real Estate IIBain Capital Real Estatereal estate equity2021—-5.3%0.88x0.11x
Bain Capital Real Estate Fund IIIBain Capital Real Estatereal estate equity2023—-5.4%0.93x0.00x
Barings Asia Real Estate IIBaringsreal estate equity2018—-5.4%0.86x0.13x
LaSalle Income & Growth Fund IV, L.P.LaSallereal estate equity2005—-5.5%0.69x0.69x
Merit Energy Partners HMerit Energy Companynatural resources2011—-5.6%0.63x0.38x
Abacus Multi-Family Partners VI LPAbacus Capital Groupreal estate equity——-5.6%0.93x0.00x
Avenue Real Estate Fund (Parallel) L.P.Avenuereal estate equity2006—-5.8%0.51x0.45x
Cabot Industrial Value Fund VII, L.P.Cabot Propertiesreal estate equity2022—-5.9%0.94x0.01x
Cerberus Institutional Real Estate Partners VICerberusreal estate equity2024—-6.0%0.96x0.32x
AIG Asian Infrastructure FundAIG Global Investment Groupinfrastructure1994—-6.0%0.74x0.74x
InstarAGF Essential Infrastructure II (Co-Invest-USD) LPInstarAGF Asset Managementinfrastructure——-6.1%0.75x—
Brookfield Brazil AgrilandBrookfield Asset Managementnatural resources2011—-6.5%0.58x0.58x
Rockwood Capital RE Partners X, L.P.Rockwoodreal estate equity2015—-6.5%0.79x0.58x
Meridiam Infrastructure Europe III SLP INMeridiaminfrastructure2016—-6.5%0.90x0.20x
Stockbridge Real Estate Fund II, LPStockbridge Capital Groupreal estate equity2005—-6.5%0.48x0.46x
The Energy & Minerals Group Fund III LPThe Energy & Minerals Groupnatural resources2014—-6.5%0.57x0.22x
Energy & Minerals Group Fund III LPThe Energy & Minerals Groupinfrastructure2014—-6.8%0.59x0.20x
Rockwood Capital Real Estate Partners Fund VII, L.P.Rockwoodreal estate equity2006—-6.9%0.56x0.56x
Rockwood Capital Real Estate Partners X, L.P.Rockwoodreal estate equity2015—-6.9%0.78x0.58x
Merit Energy Partners F-II, L.P.Merit Energy Companynatural resources2006—-7.0%0.62x0.62x
RESOURCE CAPITAL FUND VI LPResource Capital Fundsnatural resources2013—-7.0%0.55x0.20x
Merit Energy Partners F LPMerit Energy Companynatural resources2005—-7.2%0.62x0.62x
Star America Infrastructure Fund II, LPStar America Infrastructure Partnersinfrastructure2020—-7.2%0.79x0.28x
Waterton Residential Property Venture XIV, L.P.Waterton Residential Propertyreal estate equity2020—-7.5%0.84x0.02x
EIG Energy Fund XV, L.P (2020)EIG Global Energy Partnersnatural resources2010—-7.9%0.83x0.64x
L&B Realty Advisors West Bay VillasL&B Realty Advisors KO Olinareal estate equity2007—-8.3%0.40x0.43x
Grain Spectrum Holdings IV, L.P.Grain Spectrum Holdingsinfrastructure——-8.3%0.84x—
P&F Housing IVP&F Housingreal estate equity2006—-8.4%0.60x0.62x
Actis Energy 5 LPActisinfrastructure2021—-8.4%0.90x0.12x
Rockwood Capital Real Estate Partners Fund XIRockwoodreal estate equity2020—-8.6%0.80x—
Ascentris SD Partners CoreAscentrisreal estate equity2021—-8.7%0.76x0.08x
Jp Morgan Asian Infrastructure Related Resources IIJ.P. Morgan Asset Managementinfrastructure——-9.0%0.67x0.01x
Global Infrastructure Partners IV-C, L.P.GIPinfrastructure2007—-9.2%0.92x0.00x
BlackRock Diamond PropertyBlackRockreal estate equity2005—-9.3%0.61x0.61x
First Reserve Fund XI LPFirst Reserve Corporationnatural resources2006—-9.4%0.70x0.69x
Actis Long Life Infrastructure FundActisinfrastructure2019—-9.8%——
Fillmore East Fund, L.P.Fillmore Capitalreal estate equity2006—-9.8%0.66x0.66x
Merit Energy Partners G, LP 3Merit Energy Companynatural resources2008—-9.9%0.68x0.17x
Capri Select Income II, L.P.Capri Capital Partnersreal estate debt2005—-9.9%0.52x0.53x
Merit Energy Partners G, LPMerit Energy Companynatural resources2009—-10.0%0.70x0.68x
Asana Equity Partners IIIAsana Partnersreal estate equity2022—-10.0%——
Invesco Real Estate VInvescoreal estate equity2019—-10.1%0.93x0.13x
Invesco Real Estate VIInvescoreal estate equity2022—-10.1%0.90x0.11x
Canyon-Johnson Urban Fund II, L.P.Canyon Capital Realty Advisorsreal estate equity2005—-10.4%0.45x0.45x
Investor India Realty Fund II, LLCInvestor India Realtyreal estate equity2008—-10.5%0.51x0.51x
LEM Multifamily Fund VI, L.P.LEM Multifamilyreal estate equity2021—-10.9%0.80x0.01x
Rubicon First AscentRubicon Technologyreal estate equity2021—-11.0%0.85x0.00x
Blackrock Global Renewable Power Infrastructure Fund III (D), L.P.BlackRockinfrastructure2020—-11.1%0.81x0.03x

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).