/Fund performance

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
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Arsenal Capital Partners QPFArsenalgrowth equity2003—18.0%1.56x1.56x
NYCERS - 2015 Emerging Manager ProgramNYCERS - 2015 Emerging Manager Program5fund of funds2015—18.0%2.15x0.74x
Court Square Capital Partners IIICourt Square Capital Partnersbuyout2012—18.0%1.48x1.48x
FP Co-Investment VIFP Coco investment2023—18.0%1.23x0.01x
RCF Private Equity Fund I, L.P.Resource Capital Fundsbuyout2017—18.0%1.87x1.09x
Pantheon Global Infrastructure Fund IV, L.P.Pantheon Venturesinfrastructure2023—17.9%1.18x0.10x
NeoTribe Ventures INeotribe Venturesventure capital2017—17.9%2.34x0.67x
Odyssey Investment Partners Fund VIOdyssey Investment Partnersbuyout2020—17.9%1.76x0.17x
TrueBridge Blockchain I LPTrueBridge Capital Partnersbuyout2022—17.9%1.29x0.00x
Bain Capital Europe III, L.P.Bain Capitalbuyout2007—17.9%1.90x1.51x
Grandval, L.P.Grandvalbuyout2018—17.9%1.91x0.30x
LLR Equity Partners IIILLRbuyout2008—17.9%2.40x2.40x
WPEF VII Feeder LPWaterlandbuyout2018—17.9%1.75x0.64x
Zell-Chilmark FundZell‐Chilmarktactical1990—17.9%2.19x2.20x
FP Venture 2014—venture capital2014—17.9%3.32x1.33x
Spectrum Equity Investors V, L.P.Spectrum Equitygrowth equity2006—17.9%2.44x2.43x
OHA Centre Street Partnership, L.P.Oak Hill Advisorsdirect lending2020—17.9%2.13x0.66x
Silver Hill Energy Partners III, LPSilvernatural resources——17.9%1.49x0.39x
Harvest Partners V, L.P.Harvestbuyout2006—17.9%1.87x1.87x
Abbott Capital Private Equity Fund VII, L.P.Abbottfund of funds2014—17.8%2.37x1.50x
Clarion Lion Properties Fund, L.P. Sec.Clarion Partnersreal estate equity2023—17.8%1.18x0.00x
Fisher Lynch Co-Investment Partnership IV, L.P.Fisher Lynch Capitalco investment2019—17.8%2.00x0.95x
Summit Partners Venture Capital Fund III-A, L.P.Summit Partnersventure capital2012—17.8%2.28x1.95x
Summit Venture Capital IIISummit Partnersventure capital2011—17.8%2.11x1.82x
Technology Impact Growth FundTechnology Impactgrowth equity2018—17.8%1.85x0.60x
SVB Venture Overage Fund LPSVBventure capital2015—17.8%2.48x2.00x
Lexington Co-Investment Partners 2005 (Pool III), L.P.Lexington Partnersco investment2003—17.8%2.05x1.53x
Stonepeak Claremont Co-InvestStonepeakinfrastructure2017—17.8%—2.08x
Taurus Mining Fund Annex NRTaurus Miningnatural resources2016—17.8%1.31x0.97x
Welsh, Carson, Anderson & Stowe XIIIWelsh, Carson, Anderson & Stowebuyout2019—17.8%1.64x0.63x
Exeter Industrial Value Fund IIExeter Property Groupreal estate equity2014—17.8%1.20x0.08x
Huff Alternative Income FundThe Huff Companiesbuyout1994—17.8%1.60x1.59x
PAI Partners VIII-1 SCSpPAI Partnersbuyout2022—17.8%1.20x—
Unity Partners Fund IUNICORNventure capital2024—17.8%——
Dragoneer Opportunities Fund VI, L.P.Dragoneer Investment Groupmulti strategy——17.8%1.33x0.12x
Horsley Bridge International V, L.P.HORSLEY BRIDGE VENTUREventure capital2008—17.7%3.65x1.85x
Providence Strategic Growth Europe, L.P.Providencegrowth equity2021—17.7%1.50x0.47x
Greycroft Partners IIGreycroftprivate equity2010—17.7%2.42x1.83x
Fairview Constitution III, L.P.Fairview Capital Partnersbuyout2007—17.7%2.80x2.50x
Bessemer Venture Partners VIIIBessemer Venture Partnersventure capital2011—17.7%1.40x1.40x
HealthQuest Partners IVHealthQuest Capitalbuyout2023—17.7%1.20x—
Lexington Co-Investment Partners VILexington Partnersco investment2023—17.7%1.07x0.00x
Auldbrass Partners Secondary Opportunity Fund IIIAULDBRASSmulti strategy2021—17.7%1.33x0.02x
Peak XV Partners India Seed Fund IPeak Rock Capitalventure capital2019—17.7%2.14x0.17x
Sterling Capital Partners, L.P.Sterling Groupbuyout2002—17.7%1.98x1.97x
Welsh, Carson, Anderson & Stowe VII, LPWelsh, Carson, Anderson & Stowebuyout1995—17.7%2.20x2.18x
Thomas H. Lee Equity Fund VII, L.P.Thomas H. Lee Partnersbuyout2016—17.7%1.72x1.38x
HgCapital 7 C L.P.Hg Capitalbuyout2013—17.7%2.28x2.16x
Hamilton Lane Venture Capital Fund, L.P. (Series 2015)Hamilton Laneventure capital2015—17.7%2.75x0.84x
AlpInvest C Fund II LPCarlyle Groupbuyout2021—17.6%1.47x0.07x
Summit Venture Capital III PESummit Partnersventure capital2011—17.6%1.95x1.81x
Arsenal Capital Partners QPF BArsenalgrowth equity2003—17.6%1.54x1.54x
AI Co-Investment I-AAI Coco investment2023—17.6%1.50x—
Genstar VIII Opportunities Fund IGenstarmulti strategy2017—17.6%1.60x0.29x
HVP Buyouts XHVP Buyoutsbuyout2015—17.6%1.80x0.87x
SilverStone II, LLC Series H (Small Secondaries)SilverStonebuyout2017—17.6%1.91x1.08x
CVC European Equity Partners V, L.P.7CVCbuyout2008—17.6%1.99x1.97x
ISQ III Co-InvestmentISQco investment2021—17.6%1.28x0.01x
2014 Co-Investment Fund III—co investment2014—17.5%2.43x1.49x
AG Core Plus Realty Fund I, L.P.Angelo Gordonreal estate equity2003—17.5%1.52x1.52x
Adams Street Private Credit Fund III-A LPAdams Street Partnersdirect lending2023—17.5%1.27x0.46x
Tenaya Capital V-P, L.P.Tenaya Capitalbuyout2007—17.5%2.18x2.09x
ASF VII NYC Co-Invest L.P.ASFbuyout2015—17.5%1.82x1.25x
Cerberus Business Finance VCerberusspecialty finance2023—17.5%1.18x0.19x
RCP Fund VII Feeder Fund, L.P.RCPbuyout2011—17.5%2.10x1.70x
RCP Fund X LPRCPbuyout2015—17.5%2.09x1.24x
Roark Capital Partners VIRoarkbuyout2021—17.5%1.47x0.15x
Tailwater Energy Fund IV, L.P.Tailwater Capitalnatural resources2020—17.5%1.53x0.51x
Webster Capital IV, L.P.Webster Capital Managementbuyout2018—17.5%1.97x1.11x
Brookfield Cap Partners VIBrookfield Asset Managementbuyout2022—17.5%——
BlackChamber Real Estate Opportunity Fund, LPBlackChambermulti strategy——17.5%1.75x0.15x
Next Coast Ventures I, L.P.Next Coast Venturesprivate equity2016—17.4%2.39x0.76x
TPG Asia VIIITPGbuyout2023—17.4%1.30x0.09x
NewView Capital Fund III, L.P.NewView Capitalgrowth equity2022—17.4%1.10x—
Moelis Capital Partners Opp. Fund I-B LPMoelis Capital Partnersprivate equity2014—17.4%1.93x1.79x
HarbourVest -Dover Street IXNexusfund of funds2016—17.4%1.66x1.20x
Sequoia Capital (Legacy Funds)Sequoia Capitalventure capital1999—17.4%5.44x3.19x
KKR Real Estate Partners Americas IIKohlberg Kravis Robertsreal estate equity2016—17.4%1.34x1.22x
SVB Innovation Credit Fund VIII LP (F.K.A. WestRiver VIII)SVBspecialty finance2018—17.4%1.29x0.86x
Ares Pathfinder IIAresdirect lending2023—17.4%1.17x0.00x
Lexington Capital Partners XLexington Partnerssecondaries2022—17.4%1.30x0.14x
Carlyle Realty Partners VIII, L.P.Carlyle Groupreal estate equity2017—17.4%1.40x1.07x
Brookfield Strategic Real Estate Partners, L.P.Brookfield Asset Managementreal estate equity2012—17.4%1.86x1.84x
HarbourVest IX-BuyoutHarbourVest Partners (Canada)venture capital2011—17.4%2.22x1.69x
Inflexion Buyout Fund IV PEInflexionbuyout2014—17.4%1.66x0.68x
EQT X (Co-Invest)EQTbuyout2022—17.4%1.21x0.01x
HVP HIPEP VIIHVP HIPEPfund of funds2014—17.4%2.10x1.02x
Strategic Value Special Situations Fund V L.P.Strategicspecial situations2021—17.4%1.42x0.00x
TCW Special Credits Fund IVTCW Special Creditsspecialty finance1993—17.4%1.96x1.96x
Hg SaturnHg Capitalbuyout2022—17.4%1.14x—
Providence Strategic Growth IIIProvidencegrowth equity2018—17.4%1.85x1.22x
Hg Capital 7Hg Capitalbuyout2013—17.4%2.15x2.05x
Hg Capital 7CHg Capitalbuyout——17.4%2.15x2.05x
BR/ERB Co-Investment Fund II, L.P. 2017 SerieBR Capitalco investment2017—17.4%2.09x0.75x
Hamilton Lane Venture Capital Fund, L.P. (Series 2017)Hamilton Laneventure capital2017—17.4%2.05x0.12x
Permira VIII 1 SCSpPermirabuyout2023—17.4%1.26x0.03x
Lone Star Fund VIII (U.S.), L.P. 3Lone Star Japan Acquisitionsbuyout2013—17.3%1.27x0.74x
Charlesbank Capital X OverageCharlesbank Capital Partnersbuyout2021—17.3%1.43x0.71x
IC Berkeley Partners IVIC Berkeley Partnersreal estate equity2016—17.3%1.57x1.57x
Ares U.S. Real Estate Fund VIII, L.P.Aresreal estate equity2013—17.3%1.74x1.66x

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).