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
| Fund | Manager | Strategy | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|---|---|
| Arsenal Capital Partners QPF | Arsenal | growth equity | 2003 | — | 18.0% | 1.56x | 1.56x |
| NYCERS - 2015 Emerging Manager Program | NYCERS - 2015 Emerging Manager Program5 | fund of funds | 2015 | — | 18.0% | 2.15x | 0.74x |
| Court Square Capital Partners III | Court Square Capital Partners | buyout | 2012 | — | 18.0% | 1.48x | 1.48x |
| FP Co-Investment VI | FP Co | co investment | 2023 | — | 18.0% | 1.23x | 0.01x |
| RCF Private Equity Fund I, L.P. | Resource Capital Funds | buyout | 2017 | — | 18.0% | 1.87x | 1.09x |
| Pantheon Global Infrastructure Fund IV, L.P. | Pantheon Ventures | infrastructure | 2023 | — | 17.9% | 1.18x | 0.10x |
| NeoTribe Ventures I | Neotribe Ventures | venture capital | 2017 | — | 17.9% | 2.34x | 0.67x |
| Odyssey Investment Partners Fund VI | Odyssey Investment Partners | buyout | 2020 | — | 17.9% | 1.76x | 0.17x |
| TrueBridge Blockchain I LP | TrueBridge Capital Partners | buyout | 2022 | — | 17.9% | 1.29x | 0.00x |
| Bain Capital Europe III, L.P. | Bain Capital | buyout | 2007 | — | 17.9% | 1.90x | 1.51x |
| Grandval, L.P. | Grandval | buyout | 2018 | — | 17.9% | 1.91x | 0.30x |
| LLR Equity Partners III | LLR | buyout | 2008 | — | 17.9% | 2.40x | 2.40x |
| WPEF VII Feeder LP | Waterland | buyout | 2018 | — | 17.9% | 1.75x | 0.64x |
| Zell-Chilmark Fund | Zell‐Chilmark | tactical | 1990 | — | 17.9% | 2.19x | 2.20x |
| FP Venture 2014 | — | venture capital | 2014 | — | 17.9% | 3.32x | 1.33x |
| Spectrum Equity Investors V, L.P. | Spectrum Equity | growth equity | 2006 | — | 17.9% | 2.44x | 2.43x |
| OHA Centre Street Partnership, L.P. | Oak Hill Advisors | direct lending | 2020 | — | 17.9% | 2.13x | 0.66x |
| Silver Hill Energy Partners III, LP | Silver | natural resources | — | — | 17.9% | 1.49x | 0.39x |
| Harvest Partners V, L.P. | Harvest | buyout | 2006 | — | 17.9% | 1.87x | 1.87x |
| Abbott Capital Private Equity Fund VII, L.P. | Abbott | fund of funds | 2014 | — | 17.8% | 2.37x | 1.50x |
| Clarion Lion Properties Fund, L.P. Sec. | Clarion Partners | real estate equity | 2023 | — | 17.8% | 1.18x | 0.00x |
| Fisher Lynch Co-Investment Partnership IV, L.P. | Fisher Lynch Capital | co investment | 2019 | — | 17.8% | 2.00x | 0.95x |
| Summit Partners Venture Capital Fund III-A, L.P. | Summit Partners | venture capital | 2012 | — | 17.8% | 2.28x | 1.95x |
| Summit Venture Capital III | Summit Partners | venture capital | 2011 | — | 17.8% | 2.11x | 1.82x |
| Technology Impact Growth Fund | Technology Impact | growth equity | 2018 | — | 17.8% | 1.85x | 0.60x |
| SVB Venture Overage Fund LP | SVB | venture capital | 2015 | — | 17.8% | 2.48x | 2.00x |
| Lexington Co-Investment Partners 2005 (Pool III), L.P. | Lexington Partners | co investment | 2003 | — | 17.8% | 2.05x | 1.53x |
| Stonepeak Claremont Co-Invest | Stonepeak | infrastructure | 2017 | — | 17.8% | — | 2.08x |
| Taurus Mining Fund Annex NR | Taurus Mining | natural resources | 2016 | — | 17.8% | 1.31x | 0.97x |
| Welsh, Carson, Anderson & Stowe XIII | Welsh, Carson, Anderson & Stowe | buyout | 2019 | — | 17.8% | 1.64x | 0.63x |
| Exeter Industrial Value Fund II | Exeter Property Group | real estate equity | 2014 | — | 17.8% | 1.20x | 0.08x |
| Huff Alternative Income Fund | The Huff Companies | buyout | 1994 | — | 17.8% | 1.60x | 1.59x |
| PAI Partners VIII-1 SCSp | PAI Partners | buyout | 2022 | — | 17.8% | 1.20x | — |
| Unity Partners Fund I | UNICORN | venture capital | 2024 | — | 17.8% | — | — |
| Dragoneer Opportunities Fund VI, L.P. | Dragoneer Investment Group | multi strategy | — | — | 17.8% | 1.33x | 0.12x |
| Horsley Bridge International V, L.P. | HORSLEY BRIDGE VENTURE | venture capital | 2008 | — | 17.7% | 3.65x | 1.85x |
| Providence Strategic Growth Europe, L.P. | Providence | growth equity | 2021 | — | 17.7% | 1.50x | 0.47x |
| Greycroft Partners II | Greycroft | private equity | 2010 | — | 17.7% | 2.42x | 1.83x |
| Fairview Constitution III, L.P. | Fairview Capital Partners | buyout | 2007 | — | 17.7% | 2.80x | 2.50x |
| Bessemer Venture Partners VIII | Bessemer Venture Partners | venture capital | 2011 | — | 17.7% | 1.40x | 1.40x |
| HealthQuest Partners IV | HealthQuest Capital | buyout | 2023 | — | 17.7% | 1.20x | — |
| Lexington Co-Investment Partners VI | Lexington Partners | co investment | 2023 | — | 17.7% | 1.07x | 0.00x |
| Auldbrass Partners Secondary Opportunity Fund III | AULDBRASS | multi strategy | 2021 | — | 17.7% | 1.33x | 0.02x |
| Peak XV Partners India Seed Fund I | Peak | venture capital | 2019 | — | 17.7% | 2.14x | 0.17x |
| Sterling Capital Partners, L.P. | Sterling Group | buyout | 2002 | — | 17.7% | 1.98x | 1.97x |
| Welsh, Carson, Anderson & Stowe VII, LP | Welsh, Carson, Anderson & Stowe | buyout | 1995 | — | 17.7% | 2.20x | 2.18x |
| Thomas H. Lee Equity Fund VII, L.P. | Thomas H. Lee Partners | buyout | 2016 | — | 17.7% | 1.72x | 1.38x |
| HgCapital 7 C L.P. | Hg Capital | buyout | 2013 | — | 17.7% | 2.28x | 2.16x |
| Hamilton Lane Venture Capital Fund, L.P. (Series 2015) | Hamilton Lane | venture capital | 2015 | — | 17.7% | 2.75x | 0.84x |
| AlpInvest C Fund II LP | Carlyle Group | buyout | 2021 | — | 17.6% | 1.47x | 0.07x |
| Summit Venture Capital III PE | Summit Partners | venture capital | 2011 | — | 17.6% | 1.95x | 1.81x |
| Arsenal Capital Partners QPF B | Arsenal | growth equity | 2003 | — | 17.6% | 1.54x | 1.54x |
| AI Co-Investment I-A | AI Co | co investment | 2023 | — | 17.6% | 1.50x | — |
| Genstar VIII Opportunities Fund I | Genstar | multi strategy | 2017 | — | 17.6% | 1.60x | 0.29x |
| HVP Buyouts X | HVP Buyouts | buyout | 2015 | — | 17.6% | 1.80x | 0.87x |
| SilverStone II, LLC Series H (Small Secondaries) | SilverStone | buyout | 2017 | — | 17.6% | 1.91x | 1.08x |
| CVC European Equity Partners V, L.P.7 | CVC | buyout | 2008 | — | 17.6% | 1.99x | 1.97x |
| ISQ III Co-Investment | ISQ | co investment | 2021 | — | 17.6% | 1.28x | 0.01x |
| 2014 Co-Investment Fund III | — | co investment | 2014 | — | 17.5% | 2.43x | 1.49x |
| AG Core Plus Realty Fund I, L.P. | Angelo Gordon | real estate equity | 2003 | — | 17.5% | 1.52x | 1.52x |
| Adams Street Private Credit Fund III-A LP | Adams Street Partners | direct lending | 2023 | — | 17.5% | 1.27x | 0.46x |
| Tenaya Capital V-P, L.P. | Tenaya Capital | buyout | 2007 | — | 17.5% | 2.18x | 2.09x |
| ASF VII NYC Co-Invest L.P. | ASF | buyout | 2015 | — | 17.5% | 1.82x | 1.25x |
| Cerberus Business Finance V | Cerberus | specialty finance | 2023 | — | 17.5% | 1.18x | 0.19x |
| RCP Fund VII Feeder Fund, L.P. | RCP | buyout | 2011 | — | 17.5% | 2.10x | 1.70x |
| RCP Fund X LP | RCP | buyout | 2015 | — | 17.5% | 2.09x | 1.24x |
| Roark Capital Partners VI | Roark | buyout | 2021 | — | 17.5% | 1.47x | 0.15x |
| Tailwater Energy Fund IV, L.P. | Tailwater Capital | natural resources | 2020 | — | 17.5% | 1.53x | 0.51x |
| Webster Capital IV, L.P. | Webster Capital Management | buyout | 2018 | — | 17.5% | 1.97x | 1.11x |
| Brookfield Cap Partners VI | Brookfield Asset Management | buyout | 2022 | — | 17.5% | — | — |
| BlackChamber Real Estate Opportunity Fund, LP | BlackChamber | multi strategy | — | — | 17.5% | 1.75x | 0.15x |
| Next Coast Ventures I, L.P. | Next Coast Ventures | private equity | 2016 | — | 17.4% | 2.39x | 0.76x |
| TPG Asia VIII | TPG | buyout | 2023 | — | 17.4% | 1.30x | 0.09x |
| NewView Capital Fund III, L.P. | NewView Capital | growth equity | 2022 | — | 17.4% | 1.10x | — |
| Moelis Capital Partners Opp. Fund I-B LP | Moelis Capital Partners | private equity | 2014 | — | 17.4% | 1.93x | 1.79x |
| HarbourVest -Dover Street IX | Nexus | fund of funds | 2016 | — | 17.4% | 1.66x | 1.20x |
| Sequoia Capital (Legacy Funds) | Sequoia Capital | venture capital | 1999 | — | 17.4% | 5.44x | 3.19x |
| KKR Real Estate Partners Americas II | Kohlberg Kravis Roberts | real estate equity | 2016 | — | 17.4% | 1.34x | 1.22x |
| SVB Innovation Credit Fund VIII LP (F.K.A. WestRiver VIII) | SVB | specialty finance | 2018 | — | 17.4% | 1.29x | 0.86x |
| Ares Pathfinder II | Ares | direct lending | 2023 | — | 17.4% | 1.17x | 0.00x |
| Lexington Capital Partners X | Lexington Partners | secondaries | 2022 | — | 17.4% | 1.30x | 0.14x |
| Carlyle Realty Partners VIII, L.P. | Carlyle Group | real estate equity | 2017 | — | 17.4% | 1.40x | 1.07x |
| Brookfield Strategic Real Estate Partners, L.P. | Brookfield Asset Management | real estate equity | 2012 | — | 17.4% | 1.86x | 1.84x |
| HarbourVest IX-Buyout | HarbourVest Partners (Canada) | venture capital | 2011 | — | 17.4% | 2.22x | 1.69x |
| Inflexion Buyout Fund IV PE | Inflexion | buyout | 2014 | — | 17.4% | 1.66x | 0.68x |
| EQT X (Co-Invest) | EQT | buyout | 2022 | — | 17.4% | 1.21x | 0.01x |
| HVP HIPEP VII | HVP HIPEP | fund of funds | 2014 | — | 17.4% | 2.10x | 1.02x |
| Strategic Value Special Situations Fund V L.P. | Strategic | special situations | 2021 | — | 17.4% | 1.42x | 0.00x |
| TCW Special Credits Fund IV | TCW Special Credits | specialty finance | 1993 | — | 17.4% | 1.96x | 1.96x |
| Hg Saturn | Hg Capital | buyout | 2022 | — | 17.4% | 1.14x | — |
| Providence Strategic Growth III | Providence | growth equity | 2018 | — | 17.4% | 1.85x | 1.22x |
| Hg Capital 7 | Hg Capital | buyout | 2013 | — | 17.4% | 2.15x | 2.05x |
| Hg Capital 7C | Hg Capital | buyout | — | — | 17.4% | 2.15x | 2.05x |
| BR/ERB Co-Investment Fund II, L.P. 2017 Serie | BR Capital | co investment | 2017 | — | 17.4% | 2.09x | 0.75x |
| Hamilton Lane Venture Capital Fund, L.P. (Series 2017) | Hamilton Lane | venture capital | 2017 | — | 17.4% | 2.05x | 0.12x |
| Permira VIII 1 SCSp | Permira | buyout | 2023 | — | 17.4% | 1.26x | 0.03x |
| Lone Star Fund VIII (U.S.), L.P. 3 | Lone Star Japan Acquisitions | buyout | 2013 | — | 17.3% | 1.27x | 0.74x |
| Charlesbank Capital X Overage | Charlesbank Capital Partners | buyout | 2021 | — | 17.3% | 1.43x | 0.71x |
| IC Berkeley Partners IV | IC Berkeley Partners | real estate equity | 2016 | — | 17.3% | 1.57x | 1.57x |
| Ares U.S. Real Estate Fund VIII, L.P. | Ares | real estate equity | 2013 | — | 17.3% | 1.74x | 1.66x |
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).