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.

7,717 fundsas of December 2025

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
Project Maroon	—	buyout	2023	—	16.7%	1.40x	0.00x
FFL Capital Partners IV, L.P.	FFL Partners	buyout	2015	—	16.7%	1.70x	1.69x
Drive Capital Fund II	Drive Capital	venture capital	2016	—	16.7%	2.65x	0.34x
LBA NC Core Industrial, L.P. (Legacy)	Lba Realty	real estate equity	2016	—	16.7%	1.97x	1.97x
Riverwood Capital Partners IV	Riverwood Capital	buyout	2023	—	16.7%	1.12x	—
Edison Venture Fund VIII, L.P.	Edison Partners	venture capital	2015	—	16.7%	2.08x	1.63x
Ironwood Mezzanine Partners IV, L.P.	Ironwood Capital	mezzanine	2017	—	16.7%	1.40x	1.00x
Drive Capital Overdrive Fund I	Drive Capital	venture capital	2019	—	16.6%	2.22x	0.00x
Carlyle Europe Partners	Carlyle Group	buyout	1998	—	16.6%	2.00x	2.04x
IPI Partners II	Ipi	buyout	2020	—	16.6%	1.28x	0.01x
CVC European Equity Partners IV	CVC	buyout	2005	—	16.6%	1.86x	1.86x
Crescent Cove Opportunities Fund, L.P.	CRESCENT COVE CAPITAL	multi strategy	2022	—	16.6%	1.51x	0.10x
CVC Europe Equity Partners IV, L.P.	CVC	buyout	2005	—	16.6%	1.96x	1.96x
Ampersand	Ampersand	buyout	2006	—	16.6%	3.12x	3.12x
Pantheon Private Debt PCO I\| USD Feeder (Delaware), L.P.	Pantheon Ventures	private credit	2022	—	16.6%	1.42x	0.30x
PAG Asia I LP	PAG	buyout	2012	—	16.6%	2.01x	1.93x
TA Subordinated Debt Fund III, L.P.	TA Subordinated Debt	mezzanine	2010	—	16.6%	2.00x	1.98x
Mayfield Select IIr	Mayfield Fund	venture capital	2021	—	16.6%	1.40x	—
Advent International GPE VI-D LP	Advent International	buyout	2008	—	16.6%	2.09x	2.09x
GPE IX TKE Co-Investment	Gpe	co investment	2020	—	16.6%	2.22x	—
RCP Advisors Fund VI, L.P.	RCP	buyout	2001	—	16.6%	2.17x	1.88x
Rhône Partners V	Rhône	buyout	2015	—	16.6%	2.07x	1.02x
Equistone Partners Europe Fund VI LP	Equistone Partners Europe	buyout	2018	—	16.6%	1.59x	1.06x
IC Berkeley Partners III	IC Berkeley Partners	real estate equity	2013	—	16.6%	1.30x	0.45x
Pathway Private Equity Fund Investors 8	Pathway Capital Management	fund of funds	2016	—	16.6%	2.13x	0.01x
Stockbridge Value Fund II, LP	Stockbridge Capital Group	real estate equity	—	—	16.6%	1.68x	1.67x
Wayzata Opportunities Fund II, L.P.	Wayzata Investment Partners	multi strategy	2007	—	16.6%	1.91x	1.91x
Five Point Energy GP II, L.P.	Five Point Energy	natural resources	2018	—	16.6%	2.02x	0.43x
OCM Opportunities Fund VII-B, L.P.	Oaktree	special situations	2008	—	16.5%	1.70x	1.73x
Blackstone Infrastructure Partners L.P.	The Blackstone Group	infrastructure	2018	—	16.5%	1.82x	0.37x
Updata Co-Investment	Updata Partners	co investment	2014	—	16.5%	2.83x	2.83x
TPG Golden Bear Partners, L.P.	TPG	buyout	2019	—	16.5%	1.75x	0.19x
TPG Opportunities Partners II, L.P.	TPG	multi strategy	2012	—	16.5%	1.70x	1.60x
Advent International GPE X	Advent International	buyout	2022	—	16.5%	1.34x	0.02x
Abbott Capital Private Equity Investors 2013	Abbott	buyout	2013	—	16.5%	2.30x	1.59x
Blue Point Capital Partners III (B), L.P.	Blue Point	buyout	2013	—	16.5%	1.80x	1.38x
OCM Opportunities Fund VIIb	Oaktree	special situations	2008	—	16.5%	1.73x	1.73x
Atalaya Special Opportunities Fund VIII LP	Atalaya Capital	special situations	2021	—	16.5%	1.21x	0.13x
Blue Torch Credit Opportunities Fund III	Blue Torch Capital	multi strategy	2022	—	16.5%	1.27x	0.39x
GCM Diversified Infrastructure, L.P.	GCM Grosvenor	infrastructure	2024	—	16.5%	1.17x	—
Wayzata Opportunities Fund II, L.P.2	Wayzata Investment Partners	multi strategy	2007	—	16.5%	—	—
Kohlberg Investors VI LP	Kohlberg Investors	buyout	2007	—	16.4%	1.75x	1.75x
TCG Crossover Fund	TCG Crossover	buyout	2021	—	16.4%	1.42x	0.71x
Equistone Partners Europe Fund VI "E" SCSp	Equistone Partners Europe	buyout	2018	—	16.4%	1.58x	1.06x
Kohlberg Investors VIII, L.P.	Kohlberg Investors	buyout	2017	—	16.4%	1.85x	0.81x
Sixth Street Opportunities Partners II, L.P.	Sixth Street	buyout	2012	—	16.4%	1.70x	1.73x
Providence Strategic Growth V L.P.	Providence	growth equity	2021	—	16.4%	—	—
Tenaya Capital Fund VII, L.P.	Tenaya Capital	buyout	2015	—	16.4%	2.59x	0.45x
KKR Millennium Fund, L.P.	Kohlberg Kravis Roberts	buyout	2002	—	16.4%	1.84x	1.84x
Thomas, McNerney & Partners II	Thomas, McNerney & Partners	buyout	2006	—	16.4%	2.22x	2.22x
Thomas, McNerney & Partners II, L.P.	Thomas, McNerney & Partners	buyout	2006	—	16.4%	2.22x	2.22x
Barings Emerging Generation Fund	Barings BDC	buyout	2020	—	16.4%	1.52x	0.18x
Lexington CIP V-F-O LP	Lexington Partners	buyout	2020	—	16.4%	1.48x	0.22x
Bain Capital Asia Fund II, LP	Bain Capital	buyout	2012	—	16.4%	1.80x	1.67x
HarbourVest Partners Co-Investment Fund VI	HarbourVest Partners (Canada)	co investment	2021	—	16.4%	1.38x	0.02x
CVC European Equity Partners V	CVC	buyout	2008	—	16.4%	1.98x	1.95x
CVC European Equity Partners V (B) L.P.	CVC	buyout	2008	—	16.4%	1.83x	1.82x
Bridgepoint Europe VI, L.P.	Bridgepoint	buyout	2018	—	16.4%	1.87x	0.82x
Abbott Capital Private Equity Investors 2014	Abbott	buyout	2014	—	16.4%	2.30x	1.49x
Levine Leichtman Capital Partners VI, L.P.	Levine Leichtman	buyout	2011	—	16.4%	1.66x	0.69x
Mesirow Partnerships V	Mesirow	tactical	2006	—	16.4%	2.43x	2.08x
NYCFPF - 2012 Emerging Manager Program4	NYCFPF - 2012 Emerging Manager Program4	buyout	2012	—	16.4%	2.09x	1.65x
NYCFPF - 2019 Emerging Manager Program6	NYCFPF - 2019 Emerging Manager Program6	buyout	2019	—	16.4%	1.47x	0.18x
Portfolio Advisors Secondary Fund III, L.P.	Portfolio Advisors	secondaries	2015	—	16.4%	1.72x	1.00x
Aurora Resurgence Fund	Aurora Capital Partners	venture capital	2007	—	16.4%	1.37x	1.37x
Berk.<hire Fund VII L.P.	—	private equity	2006	—	16.4%	—	1.23x
Caduceus Private Investments III, LP	Caduceus Capital Partners	private equity	2006	—	16.4%	1.70x	0.84x
Merit Mezzanine Fund VI	Merit Capital Partners	mezzanine	2016	—	16.4%	1.82x	1.33x
NYCFPF 2012 Emerging Manager Program	—	fund of funds	2012	—	16.4%	2.09x	1.65x
Southvest Fund VII, L.P.	Southvest	buyout	2016	—	16.4%	1.90x	0.88x
Bain Capital Insurance Fund, L.P.	Bain Capital	tactical	2023	—	16.4%	1.23x	0.08x
Gores Small Capitalization Partners, L.P.	Gores	buyout	2012	—	16.4%	1.69x	1.69x
Butterfly Fund II, LP	Butterfly	buyout	—	—	16.3%	1.73x	0.71x
German Equity Partners V (ECM GEP V)	German Equity	buyout	2018	—	16.3%	1.62x	0.80x
KKR Asian Fund IV	Kohlberg Kravis Roberts	buyout	2020	—	16.3%	1.44x	0.30x
Blackstone Tactical Opportunities Fund - FD L.P.	The Blackstone Group	tactical	2010	—	16.3%	1.44x	0.54x
StepStone Capital Partners III, L.P.	Stepstone Group	buyout	2014	—	16.3%	1.89x	1.54x
TrueBridge-Kauffman Fellows Endowment Fund III (Parallel) LP	TrueBridge Capital Partners	buyout	2013	—	16.3%	3.31x	1.75x
Advent International GPE VI A	Advent International	buyout	2008	—	16.3%	2.09x	2.01x
Hg Genesis 9	Hg	buyout	2020	—	16.3%	1.55x	0.41x
Lone Star Fund VIII (U.S.), L.P.	Lone Star Japan Acquisitions	buyout	2013	—	16.3%	1.20x	1.24x
AXA Secondary Fund V-B LP	Ardian	secondaries	2010	—	16.3%	1.60x	1.60x
BE VI 'H' L.P.	Berkshire	tactical	2019	—	16.3%	1.73x	0.34x
Gasherbrum Fund II, L.P.	Gasherbrum	buyout	2024	—	16.3%	1.21x	0.34x
Kinderhook Capital Fund 7	Kinderhook	buyout	2022	—	16.3%	1.36x	0.07x
ArcLight Energy Partners Fund II, L.P.1	Arclight Energy	natural resources	2004	—	16.3%	1.41x	1.41x
Project Unit	—	distressed debt	2020	—	16.3%	1.61x	1.61x
Tenaya Capital Fund V	Tenaya Capital	buyout	2007	—	16.3%	2.09x	2.01x
North Carolina Economic Opportunities Fund	North	multi strategy	2001	—	16.3%	1.69x	1.69x
Adams Street Co-Investment Fund IV A	Adams Street Partners	co investment	2018	—	16.3%	1.83x	0.73x
Alta Partners VIII	Alta Partners	buyout	2006	—	16.3%	2.47x	2.47x
SV7 Impact Medicine Fund, L.P.	SV7 Impact Medicine	venture capital	2019	—	16.2%	1.50x	0.62x
Kayne SBCERA (D.I.)	Kayne Anderson Capital Advisors	infrastructure	2018	—	16.2%	—	1.20x
Ares Corporate Opportunities VI, L.P.	Ares	buyout	2020	—	16.2%	1.39x	0.36x
Threshold Ventures II	Threshold Ventures	venture capital	2016	—	16.2%	2.70x	0.31x
Olympus Growth Fund VI	Olympus Partners	growth equity	2014	—	16.2%	2.00x	2.00x
Lexington Co-Investment Partners V-F LP	Lexington Partners	co investment	2021	—	16.2%	1.46x	0.17x
Carlyle Europe Technology Partners II, L.P.	Carlyle Group	buyout	2008	—	16.2%	1.86x	1.84x
HarbourVest Ptrs VII PE	HarbourVest Partners (Canada)	fund of funds	2014	—	16.2%	2.19x	1.26x
EnCap X	EnCap Energy Capital	buyout	2015	—	16.2%	2.11x	1.65x

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).