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 |
|---|---|---|---|---|---|---|---|
| Providence Equity Partners III | Providence | buyout | 1999 | — | 15.8% | 1.55x | 1.55x |
| Shoreview Capital Partners III | ShoreView Industries | buyout | 2013 | — | 15.8% | 1.99x | 1.51x |
| Adams Street Partnership Fund -2010 U.S. Fund | Adams Street Partners | buyout | 2010 | — | 15.8% | 2.52x | 2.02x |
| TowerBrook Investors V LP | TowerBrook | buyout | 2019 | — | 15.8% | 1.60x | 0.21x |
| Alchemy Special Opportunities Fund IV L.P. | Alchemy Special | special situations | 2019 | — | 15.8% | 1.56x | 0.25x |
| LBA NC Core Industrial II LP | Lba Realty | real estate equity | 2018 | — | 15.8% | 1.49x | 1.49x |
| Harvest Partners VII | Harvest | buyout | 2016 | — | 15.8% | 2.09x | 1.03x |
| Peak Rock Capital Fund LP | Peak Rock Capital | buyout | 2013 | — | 15.8% | 1.56x | 1.08x |
| Advent International GPE VIII-D LP | Advent International | buyout | 2016 | — | 15.8% | 2.09x | 1.41x |
| Olympus Growth Fund V, LP LBO | Olympus Partners | growth equity | 2007 | — | 15.7% | 2.21x | 2.21x |
| Ares Corporate Opportunities Fund VI | Ares | buyout | 2021 | — | 15.7% | 1.37x | 0.41x |
| Adams Street - 2008 U.S. Fund | Adams Street Partners | growth equity | 2008 | — | 15.7% | 2.30x | 2.28x |
| Defy Partners I | Defy Partners | tactical | 2017 | — | 15.7% | 2.15x | 0.24x |
| Thoma Bravo Special Opportunities Fund II | Thoma Bravo | buyout | 2015 | — | 15.7% | 2.19x | 1.63x |
| ASF VII PA Co-Invest | ASF | infrastructure | 2016 | — | 15.7% | 1.80x | 1.02x |
| Avista Capital Partners II | Avista | buyout | 2008 | — | 15.7% | 1.60x | 1.60x |
| Global Infrastructure Partners II A LP | GIP | infrastructure | 2012 | — | 15.7% | 1.92x | 1.69x |
| GOF II Feeder B LP (A.K.A Glendon) | GOF | buyout | 2019 | — | 15.7% | 1.62x | 0.47x |
| Mesirow Financial Private Equity Fund V | Mesirow | tactical | 2008 | — | 15.7% | 2.40x | 0.35x |
| NYCP - 2012 Emerging Manager Program | NYCP - 2012 Emerging Manager Program | tactical | 2012 | — | 15.7% | 2.03x | 1.84x |
| Birch Hill Equity Partners (US) IV, LP | Birch Hill Equity Partners Management Inc. | buyout | 2011 | — | 15.7% | 2.70x | 2.20x |
| HgCapital Saturn Fund 2 | Hg Capital | buyout | 2020 | — | 15.7% | 6.28x | 3.31x |
| MEADOW REAL ESTATE FUND II LP | Meadow Partners | real estate equity | 2012 | — | 15.7% | 1.56x | 1.52x |
| Sovereign Capital IV PE | Sovereign Capital Partners | buyout | 2014 | — | 15.7% | 1.57x | 0.44x |
| Trilantic Capital Partners V | Trilantic | — | 2012 | — | 15.7% | 1.53x | 1.01x |
| Cross Ocean USD ESS Fund IV Open, L.P. | Cross Ocean Partners | private credit | 2021 | — | 15.7% | 1.49x | 0.00x |
| Nordic Capital Fund IX, L.P. | Nordic Capital | buyout | 2019 | — | 15.7% | 1.80x | 0.59x |
| BR/ERB Co-Investment Fund I, L.P. | BR Capital | co investment | 2009 | — | 15.6% | 1.71x | 1.71x |
| Industry Ventures Partnership Holdings III-C | Industry PH | secondaries | 2015 | — | 15.6% | 2.19x | 0.90x |
| Green Equity Investors CF II, L.P. | Green | buyout | 2021 | — | 15.6% | 1.61x | 0.00x |
| Adams Street 2011 U.S. Fund | Adams Street Partners | growth equity | 2011 | — | 15.6% | 2.50x | 1.91x |
| Warburg Pincus Private Equity XII | Warburg Pincus | growth equity | 2015 | — | 15.6% | 2.02x | 1.42x |
| Angelo Gordon Direct Lending Fund II | TPG | direct lending | 2020 | — | 15.6% | 1.45x | 1.26x |
| Advent International GPE VIII | Advent International | buyout | 2016 | — | 15.6% | 2.07x | 1.41x |
| H.I.G. Europe CapitaI Partners II PE | H.I.G. Capital | growth equity | 2013 | — | 15.6% | 1.45x | 0.42x |
| Carlyle U.S. Equity Opportunities II, L.P. | Carlyle Group | multi strategy | 2015 | — | 15.6% | 1.85x | 1.40x |
| CVC Capital Partners VI-A LP | CVC Capital Partners | buyout | 2014 | — | 15.6% | 2.00x | 1.37x |
| Magna Hotel Fund III | Magna Hotel | real estate equity | 2008 | — | 15.6% | 1.80x | 1.46x |
| Montagu V LP | Montagu | buyout | 2015 | — | 15.6% | 1.70x | 0.98x |
| TSG7 A L.P. | TSG7 A | buyout | — | — | 15.6% | 2.11x | 1.87x |
| Windjammer Senior Equity Fund IV, L.P. | Windjammer Capital | buyout | 2012 | — | 15.6% | 2.34x | 1.79x |
| New 2ND Capital Fund III | New 2nd Capital | secondaries | 2023 | — | 15.6% | 1.20x | 0.06x |
| SFERS Private Equity Total Portfolio | SFERS Private | fund of funds | — | — | 15.6% | 1.70x | — |
| The Baring Asia Private Equity Fund VI, L.P. 1 | Baring Private Equity Asia | buyout | 2015 | — | 15.6% | 1.67x | 1.67x |
| Banc Fund IV, L.P. | The Banc Funds Company | growth equity | 1996 | — | 15.6% | 2.30x | 2.30x |
| Pe Co-inv | Waterfall Eden | fund of funds | — | — | 15.6% | — | — |
| JFL Equity Investors V, L.P. | Jfl | buyout | 2020 | — | 15.6% | 1.60x | 0.00x |
| Banc Fund V, L.P. | The Banc Funds Company | growth equity | 1998 | — | 15.6% | 2.30x | 2.28x |
| Spire Capital Partners II | Spire Capital Partners | buyout | 2006 | — | 15.6% | 1.96x | 1.96x |
| Levine Leichtman Capital Partners V, L.P.4 | Levine Leichtman | buyout | 2013 | — | 15.6% | 1.29x | 1.29x |
| Genstar Capital Partners V, LP LBO | Genstar | multi strategy | 2007 | — | 15.5% | 2.41x | 2.41x |
| FCO MA II LP | FCO MA | buyout | 2010 | — | 15.5% | 2.14x | 2.05x |
| Vista Equity Partners Fund VI | Vista Equity Partners | buyout | 2016 | — | 15.5% | 1.98x | 1.29x |
| Bregal Sagemount IV-A L.P. | Bregal Sagemount | growth equity | — | — | 15.5% | 1.25x | 0.03x |
| McCarthy Capital V, L.P. | McCarthy Capital | buyout | 2012 | — | 15.5% | 2.14x | 2.04x |
| HarbourVest Partners 2013 Direct Fund | HarbourVest Partners (Canada) | buyout | 2013 | — | 15.5% | 1.76x | 1.76x |
| PIMCO Corp Opps II | PIMCO Europe | tactical | 2016 | — | 15.5% | 1.92x | 0.89x |
| Denham Mining Fund NR | Denham Capital | natural resources | 2018 | — | 15.5% | 1.36x | — |
| Abbott Capital Private Equity Investors 2012 | Abbott | buyout | 2012 | — | 15.5% | 2.20x | 1.60x |
| Strategic Partners Fund VII, L.P. | Strategic | secondaries | 2016 | — | 15.5% | 1.66x | 1.32x |
| Strategic Partners Real Assets II, L.P. | Strategic | secondaries | 2017 | — | 15.5% | 1.68x | 0.82x |
| Audax Mezzanine Fund V A LP | Audax Group | mezzanine | 2022 | — | 15.5% | 1.17x | 0.23x |
| Climate Adaptive Infrastructure Fund-TE LP | Climate Adaptive Infrastructure | infrastructure | 2020 | — | 15.5% | 1.26x | 0.09x |
| Opportunity III NYC-NorthBound Emerging Managers | — | buyout | 2020 | — | 15.5% | — | 0.10x |
| SG Growth Partners III | — | growth equity | 2015 | — | 15.5% | 2.00x | 1.33x |
| Summit Partners Europe GE III | Summit Partners | growth equity | 2021 | — | 15.5% | 1.47x | 0.24x |
| EPIC Venture Fund V, L.P. | EPIC VENTURES | venture capital | 2018 | — | 15.5% | 1.76x | 1.02x |
| Sentinel I | Sentinel Capital Partners | tactical | — | — | 15.5% | — | — |
| Pathway - Mca | Pathway Capital Management | fund of funds | — | — | 15.4% | — | — |
| Advent International GPE VI L.P. | Advent International | buyout | 2008 | — | 15.4% | 2.00x | 1.91x |
| Sprout Growth II, L.P. | Sprout | growth equity | 1993 | — | 15.4% | 1.98x | 1.98x |
| Advent International GPE VIII B SMA | Advent International | buyout | 2016 | — | 15.4% | 2.10x | 1.44x |
| (Lexington) Co-Investment Partners 2005 LP (Pool III) | Lexington Partners | co investment | 2012 | — | 15.4% | 1.91x | 1.68x |
| Bridgepoint Europe VI (Sidecar) | Bridgepoint | buyout | 2019 | — | 15.4% | 1.94x | 0.47x |
| BCEC Co-Investment | BCEC | co investment | 2016 | — | 15.4% | 2.17x | 0.72x |
| BCEC X Co-Investment | BCEC | co investment | 2017 | — | 15.4% | 2.11x | — |
| Global Infrastructure Partners II | GIP | infrastructure | 2011 | — | 15.4% | 1.74x | 1.67x |
| NYCRS Artemis Mach II | NYCRS Artemis Mach | real estate equity | 2016 | — | 15.4% | 1.44x | 0.80x |
| OWL Co-Invest Opportunity LP | Owl | buyout | 2023 | — | 15.4% | 1.24x | 0.00x |
| AXA Secondary Fund V B L.P. | Ardian | secondaries | 2011 | — | 15.4% | 1.61x | 1.60x |
| California Partners, L.P. | California Emerging | buyout | 2020 | — | 15.4% | 1.37x | 0.05x |
| Crescent Credit Solutions VIII LP | Crescent Mezzanine | direct lending | 2021 | — | 15.4% | 1.21x | 0.51x |
| Siguler Guff CCCERA Opportunities | Siguler Guff | multi strategy | 2014 | — | 15.4% | 1.94x | 1.54x |
| TPG Growth Fund II, L.P. | TPG | growth equity | 2003 | — | 15.3% | 2.01x | 1.80x |
| New Enterprise Associates 11 | New Enterprise Associates (NEA) | venture capital | 2004 | — | 15.3% | 2.65x | 2.57x |
| KKR 2006 Co-Investment Fund | Kohlberg Kravis Roberts | co investment | 2007 | — | 15.3% | 2.23x | 2.23x |
| Blackstone Real Estate VIII, L.P. | The Blackstone Group | real estate equity | 2015 | — | 15.3% | 1.67x | 1.02x |
| Warburg Pincus Private Equity VIII, L.P. Venture Capital/LBO | Warburg Pincus | growth equity | 2001 | — | 15.3% | 2.31x | 2.14x |
| CVC Capital Partners VI, L.P. | CVC Capital Partners | buyout | 2014 | — | 15.3% | 2.04x | 1.46x |
| Encap Energy Capital Fund X | EnCap Energy Capital | natural resources | 2015 | — | 15.3% | 2.00x | 1.73x |
| KSL Capital Partners II, L.P. | KSL | buyout | 2006 | — | 15.3% | 1.87x | 1.87x |
| Levine Leichtman Capital Partners V | Levine Leichtman | buyout | 2013 | — | 15.3% | 1.30x | 1.28x |
| Lindsay Goldberg V Clearlake Capital | Lindsay Goldberg | buyout | 2019 | — | 15.3% | — | 0.33x |
| NMS Fund III | Nms | buyout | 2017 | — | 15.3% | 1.78x | 1.05x |
| Oregon Investment Fund (Series 1-A) | Oregon | buyout | 2007 | — | 15.3% | 2.07x | 2.07x |
| SFERS Buyout Portfolio | SFERS Buyout Portfolio | buyout | — | — | 15.3% | 1.70x | — |
| Wellspring Capital Partners V LP | Wellspring | buyout | 2011 | — | 15.3% | 1.70x | 1.53x |
| Birch Hill Equity Partners V, L.P. | Birch Hill Equity Partners Management Inc. | buyout | 2016 | — | 15.3% | 1.93x | 1.44x |
| GreenoaksCapital Opportunities Fund V LP | Greenoaks | multi strategy | 2023 | — | 15.3% | 1.11x | — |
| K4 Private Investors, L.P. | K4 Private | buyout | 2018 | — | 15.3% | 2.11x | 0.78x |
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).