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
Technology Crossover Ventures VIII PETechnology Crossover Venturesventure capital2013—20.3%2.76x0.15x
Insight Venture Partners VIIIInsight Partnersventure capital2013—20.3%3.20x2.37x
CVC Capital Partners Fund VII, L.P.CVC Capital Partnersbuyout2017—20.2%2.11x0.88x
NCEF Liquidating TrustNCEF Liquidating Trustspecial situations1990—20.2%6.14x6.14x
Sante Health Ventures IVSante Health Venturesventure capital2021—20.2%1.51x—
Ares Corporate Opportunities Fund III LPAresbuyout2008—20.2%2.07x2.07x
Lexington Capital Partners IV LPLexington Partnerssecondaries2000—20.2%1.78x1.78x
Trinity Ventures XII, L.P.Trinityventure capital2016—20.2%2.71x1.06x
EQT Infrastructure III (No.2) SCSpEQTinfrastructure2017—20.2%1.90x1.70x
BPEA VIIBPEA EQTbuyout2018—20.2%1.71x0.75x
Silicon Valley Bank Overage FundSilicon Valley Bankbuyout2003—20.2%2.56x1.95x
The Baring Asia Private Equity Fund VIIBaring Private Equity Asiabuyout2018—20.2%1.71x0.75x
Baring Asia Private Equity Fund VII, LPBaring Private Equity Asiabuyout2018—20.2%1.74x0.74x
Pantheon Private Debt PCO II USD Feeder (Delaware), L.P.Pantheon Venturesdirect lending2022—20.2%1.41x0.16x
Harrison St. RE Partners III, L.P.Harrison Street Real Estate Capitalco investment2010—20.2%1.82x1.81x
Landmark Equity Partners XV, L.P. - Side CarLandmark Partnersmulti strategy2013—20.2%1.81x—
AG GECC Public-Private Investment Fund (PPIP)Angelo Gordondirect lending2010—20.1%1.54x1.54x
EQT Fund VIIIEQTbuyout2018—20.1%1.79x0.99x
4D Global Energy Investment PLC4D Global Energy Advisorsnatural resources2010—20.1%1.66x1.66x
OpenView Venture Partners V LPOpenView Venture Partnersventure capital2017—20.1%1.91x1.07x
Star Capital IIStarvestbuyout2010—20.1%1.65x1.65x
AG Asia Realty Fund II, L.P.Angelo Gordonreal estate equity2010—20.1%1.78x1.78x
H.I.G. Europe Middle Market LBO FundH.I.G. Capitalgrowth equity2020—20.1%1.30x0.25x
Carlyle Partners II, L.P.Carlyle Groupbuyout1994—20.1%2.30x2.30x
HarbourVest 2019 GlobalHarbourVest Partners (Canada)venture capital2019—20.1%1.65x0.23x
Constitution Liquidating Fund, L.P.Constitution Liquidatingbuyout1987—20.1%2.60x2.60x
EQT INFRASTRUCTURE IIIEQTinfrastructure2016—20.1%1.73x1.58x
Genstar IX Opportunities Fund IGenstarmulti strategy2019—20.1%2.10x0.93x
Levine Leichtman Capital Partners IV, L.P.Levine Leichtmanbuyout2008—20.1%2.10x2.08x
4D Global Energy Investment4D Global Energy Advisorsnatural resources2010—20.1%1.66x1.66x
Court Square IIICourt Square Capital Partnersventure capital2012—20.1%2.37x1.96x
Shasta Ventures II, L.P.Shasta Venturesventure capital2008—20.0%4.22x4.15x
Craft Ventures II, L.P.Craft Venturesventure capital2019—20.0%2.55x0.01x
TrueBridge-Kauffman Fellows Endowment Fund II (Parallel) LPTrueBridge Capital Partnersbuyout2010—20.0%5.22x3.43x
RCP Fund VIII LPRCPbuyout2012—20.0%2.27x2.07x
Wellspring Capital Partners IIWellspringbuyout1998—20.0%1.47x1.47x
Hamilton Lane Venture Capital Fund, L.P. (Series 2016)Hamilton Laneventure capital2016—20.0%2.25x0.74x
Blackstone Life Sciences V LPThe Blackstone Groupventure capital2020—19.9%1.55x0.31x
CVC Capital Partners Asia VICVC Capital Partnersbuyout2024—19.9%1.19x0.12x
Industry Ventures Partnership Holdings IIIIndustry PHsecondaries2014—19.9%3.02x1.84x
Sterling Investment Partners III, L.P.Sterling Groupbuyout2013—19.9%1.97x1.63x
Khosla Ventures VKhosla Venturesventure capital2014—19.9%3.37x1.98x
Adams Street 2015 US FundAdams Street Partnersgrowth equity2015—19.9%2.40x1.11x
Investindustrial VII LPInvestindustrialbuyout2019—19.9%1.67x0.26x
RCAF VI CIV XXXIIRCAFbuyout2015—19.9%—2.78x
Private Equity Co‐InvestmentsPrivatebuyout——19.9%1.73x0.58x
Technology Crossover Ventures IXTechnology Crossover Venturesventure capital2016—19.9%2.32x1.46x
TCV IXTCVventure capital2016—19.9%2.30x1.44x
CVC Capital Partners Strategic Opportunities II L.P.CVC Capital Partnersbuyout2018—19.9%1.55x0.20x
Hollyport Secondary Opportunities Fund VII LPHollyport Capitalmulti strategy2020—19.9%1.80x0.60x
LSRC II S.a r.l.LSRCtactical2010—19.8%1.32x1.32x
Mayfield XIVMayfield Fundventure capital2013—19.8%3.80x2.75x
Greenoaks Capital Opportunities Fund IIIGreenmezzanine2020—19.8%2.08x0.32x
American Securities Partners VIAmerican Securitiesbuyout2011—19.8%2.01x2.01x
American Securities Partners VI, L.P.American Securitiesbuyout2011—19.8%2.01x2.01x
BDCM Opportunity FundBlack Diamond Capital Managementmulti strategy2001—19.8%1.43x1.46x
Charterhouse Capital Partners XICharterhouse Capital Partnersbuyout2021—19.8%1.35x0.08x
Mill Point Capital PartnersMill Point Capitalbuyout2017—19.8%2.00x1.13x
Sentinel Capital Partners VSentinel Capital Partnersbuyout2014—19.8%2.07x1.91x
Searchlight Capital IISearchlight Capital Partnersbuyout2015—19.8%1.88x1.43x
Leeds Equity Partners VI, L.P.Leedsbuyout2017—19.8%2.20x1.10x
Ind Vent - Prt Hldng IIIND VENT - PRT HLDNGfund of funds——19.7%——
KKR European Fund, L.P.Kohlberg Kravis Robertsbuyout1999—19.7%2.10x2.05x
FP Credit Partners III Aggregator, L.P.Francisco Partnersdirect lending2025—19.7%1.44x0.42x
Openspace Ventures, L.P.Openspace Venturesventure capital2015—19.7%2.74x1.35x
TA Associates XI, L.P.TA Associatesgrowth equity2004—19.7%1.55x1.55x
Strategic Investors Fund VI-A LPSVBfund of funds2013—19.7%4.22x2.01x
Atlas Capital Resources II LPAtlas Capitaldirect lending2014—19.7%1.96x1.69x
Carlyle Europe Partners II, L.P.Carlyle Groupbuyout2003—19.7%1.60x1.60x
Chambers Energy Capital IV LPChambers Energydirect lending2020—19.7%1.17x0.89x
EISAF II LPEisafdirect lending2008—19.7%1.10x0.36x
Palm Beach Capital Fund III, L.P.Palm Beach Capitalprivate equity2011—19.7%2.22x2.03x
Dover Street X, L.P.HarbourVest Partners (Canada)buyout2019—19.7%1.50x0.40x
Drug Royalty II, L.P. 1Drug Royaltyspecialty finance2009—19.6%—1.33x
Arctos Sports Partners Fund I, L.P.Arctosbuyout2021—19.6%1.55x0.07x
Edison Partners X, L.P.Edison Partnersbuyout2021—19.6%1.47x0.19x
Carlyle Realty Partners VI, L.P.Carlyle Groupreal estate equity2010—19.6%1.57x1.50x
CVC Credit Strategic Investment A L.P.CVCspecial situations2014—19.6%1.44x1.44x
CVI Credit Value Fund A LPCVIdistressed debt2011—19.6%2.25x2.25x
EQT VII (No. 2) Limited PartnershipEQTbuyout2015—19.6%1.86x1.57x
Sterling Group Partners IVSterling Groupbuyout2016—19.6%2.30x1.84x
GHJM TrailHead FundGHJM TrailHeadtactical2012—19.6%3.20x3.20x
Merit Energy Partners K, L.P.Merit Energy Companynatural resources2019—19.6%1.66x0.49x
Perseus-Soros BioPharmaceutical Fund—private equity2002—19.6%1.63x1.63x
Project Stella—buyout2016—19.6%1.91x1.63x
Project Sugaree—buyout2024—19.6%1.22x0.81x
Bain Capital Fund XIBain Capitalco investment2014—19.6%1.87x1.58x
Strategic Investors VI-AStrategicbuyout2013—19.6%4.05x1.96x
HarbourVest International PEP II - Direct Fund, L.P.HarbourVest Partners (Canada)fund of funds1995—19.6%1.90x1.90x
GCM Grosvenor - NC Innovation FundGCM Grosvenorfund of funds2010—19.6%1.97x1.75x
Primary Venture Partners IV, L.P.Primary Venture Partnersventure capital2023—19.5%1.21x0.00x
Horsley Bridge IX, L.P.HORSLEY BRIDGE VENTUREventure capital2008—19.5%3.76x2.89x
Interwest Partners IIIInterWestventure capital1985—19.5%2.90x2.90x
Warburg Pincus Global Growth 14Warburg Pincusgrowth equity2022—19.5%1.30x0.09x
ICG Europe Fund VI, L.P.Intermediate Capital Groupbuyout2015—19.5%1.82x1.75x
Almanac Realty Securities VIII (Sidecar II)Almanac Realty Securitiesreal estate equity2019—19.5%1.25x0.08x
Genstar VIII Opportunities FundGenstarmulti strategy2017—19.5%2.68x1.41x
Strategic Partners VIIIStrategicsecondaries2018—19.5%1.54x0.92x
Chicago Growth Partners II, L.P.Chicago Growthgrowth equity2008—19.5%2.12x2.12x
Nordic Capital Fund XINordic Capitalbuyout2022—19.5%1.23x0.04x

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).