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

All Private equity Private credit Real assets Opportunistic

Fund	Manager	Strategy	Vintage	Committed	Net IRR	TVPI	DPI
Cerberus Institutional Real Estate Partners III LP	Cerberus	real estate equity	2012	—	12.7%	1.87x	1.54x
Cerberus Institutional Real Estate Partners V LP	Cerberus	real estate equity	2020	—	12.7%	1.36x	0.02x
Platinum Equity Capital Partners II LP	Platinum	buyout	2007	—	12.7%	1.71x	1.69x
Trident VIII LP	Stone Point	buyout	2020	—	12.7%	1.57x	0.35x
Astorg VI	Astorg	buyout	2015	—	12.7%	1.72x	1.30x
Coller International Partners VI	Coller Capital	secondaries	2010	—	12.7%	1.46x	1.47x
Meridiam Infrastructure N.A. III	Meridiam	infrastructure	2017	—	12.7%	1.45x	0.11x
Brookfield Infrastructure Partners IV	Brookfield Asset Management	infrastructure	2020	—	12.7%	—	—
Apax Europe VI-A	Apax	buyout	—	—	12.7%	2.03x	1.99x
Cerberus Institutional (Series Three)	Cerberus	buyout	2003	—	12.7%	2.26x	2.26x
OHA Strategic Credit Fund IB, L.P.	OHA	special situations	2009	—	12.7%	—	1.52x
Nordic Capital CV1 Beta, L.P.	Nordic Capital	buyout	2018	—	12.7%	1.50x	1.50x
Centerbridge Capital Partners III, L.P.	Centerbridge Partners, L.P.	buyout	2014	—	12.6%	1.50x	1.04x
Blue Owl Asset Income Fund Evergreen	Blue Owl Capital	direct lending	2022	—	12.6%	1.19x	0.59x
Insight Partners XI, L.P.	Insight Partners	growth equity	2020	—	12.6%	1.74x	0.09x
TPG Tech Adjacencies, L.P.	TPG	buyout	2018	—	12.6%	1.46x	0.67x
Insight Venture Partners XI	Insight Partners	growth equity	2020	—	12.6%	1.60x	0.13x
Evergreen I, L.P.	Evergreen Venture Partners	buyout	1984	—	12.6%	2.80x	2.79x
Vista Equity Partners Fund VII Stowe	Vista Equity Partners	buyout	2018	—	12.6%	—	—
BlackRock Global Energy and Power Infrastructure I	BlackRock	infrastructure	2020	—	12.6%	1.20x	0.20x
1315 Capital Fund II	1315 Capital	venture capital	2018	—	12.6%	1.40x	0.51x
H.I.G. Growth Buyouts & Equity Fund II	H.I.G. Capital	growth equity	2011	—	12.6%	1.61x	1.51x
Carlyle Asia Partners III	Carlyle Group	buyout	2009	—	12.6%	—	1.51x
HarbourVest Centre Street Co-Investment Fund	HarbourVest Partners (Canada)	fund of funds	2021	—	12.6%	1.36x	0.03x
CVC Capital Partners Asia V	CVC Capital Partners	buyout	2020	—	12.6%	1.40x	0.30x
Valar Velocity Fund 1 LP	Valar Velocity	venture capital	2019	—	12.6%	2.00x	0.32x
Flagship Pioneering – Origination Fund VII, L.P.	Flagship Ventures	venture capital	—	—	12.6%	1.33x	0.00x
Bayview Opportunity Domestic IVb LP	Bayview Opportunity Domestic	tactical	2014	—	12.6%	1.46x	1.44x
Hahn & Company III LP	Hahn & Company	buyout	2018	—	12.6%	1.45x	0.35x
Highbridge Convertible Dislocation Fund (Delaware) LP	Highbridge	buyout	2020	—	12.6%	1.17x	1.04x
L.P. Levine Leichtman Capital Partners IV, L.P.	Levine Leichtman	buyout	2008	—	12.6%	7.30x	—
ARCLIGHT ENERGY PARTNERS FUND IV LP	Arclight Energy	infrastructure	2007	—	12.6%	1.52x	1.52x
Coller International Partners VII, L.P. -Series A	Coller Capital	buyout	2014	—	12.6%	1.66x	1.26x
LongRange Capital Fund I, L.P.	LongRange Capital	growth equity	2020	—	12.6%	1.33x	0.18x
Partners Fund V	—	buyout	2014	—	12.6%	—	—
Realty Associates Fund X	Realty Associates	real estate equity	2012	—	12.6%	1.61x	1.61x
Oaktree Power Fund III 3	Oaktree	real estate equity	2011	—	12.6%	1.48x	0.74x
Pantheon Global Secondary Fund IV LP	Pantheon Ventures	secondaries	2010	—	12.6%	1.58x	1.55x
Adams Street 2013 Global Fund	Adams Street Partners	growth equity	2013	—	12.6%	2.18x	1.30x
Apax VIII	Apax	buyout	2012	—	12.6%	1.60x	1.51x
Adams Street Partnership Fund -2010 Non-U.S. Developed Mkts	Adams Street Partners	fund of funds	2010	—	12.6%	1.98x	1.62x
Coller International Partners VII, L.P.	Coller Capital	secondaries	2016	—	12.5%	1.64x	1.26x
OpenView Venture Partners IV LP	OpenView Venture Partners	venture capital	2014	—	12.5%	1.91x	1.58x
Bain Capital Fund VIII - Coinvestment Fund, L.P.	Bain Capital	co investment	2004	—	12.5%	1.77x	1.75x
Bain Capital Fund VIII (Co-investment)	Bain Capital	co investment	2004	—	12.5%	1.77x	1.77x
Dawson Portfolio Finance 3	Dawson Partners	direct lending	2019	—	12.5%	1.32x	0.99x
Apax VIII USD	Apax	buyout	2012	—	12.5%	1.56x	1.52x
Stonepeak Core Infrastructure Fund	Stonepeak	infrastructure	2022	—	12.5%	1.31x	0.08x
Orion Mine Finance Fund II NR	Orion Resource Partners	natural resources	2016	—	12.5%	1.22x	0.65x
RESOURCE CAPITAL FUND VII LP	Resource Capital Funds	natural resources	2017	—	12.5%	1.48x	0.56x
Updata Venture Partners IV, L.P.	Updata Partners	venture capital	2007	—	12.5%	1.37x	0.10x
Nutmeg Opportunities Fund II LLC SMMBF	Nutmeg Opportunities	multi strategy	2018	—	12.5%	1.40x	0.30x
Lake Navy Fund, LP	Napier Park European	buyout	2020	—	12.5%	1.69x	0.09x
Industry Ventures Tech Buyout LP	Industry PH	buyout	2018	—	12.4%	—	1.57x
Frogmore Real Estate Partners II, L.P.	Frogmore	real estate equity	2008	—	12.4%	1.38x	1.38x
Industry Ventures Partnership Holdings V	Industry PH	secondaries	2019	—	12.4%	1.67x	0.03x
KKR Lending Partners III L.P.	Kohlberg Kravis Roberts	direct lending	2017	—	12.4%	1.26x	1.09x
TCV VI	TCV	venture capital	2006	—	12.4%	1.58x	1.57x
TPG Rise Climate	TPG	infrastructure	2021	—	12.4%	1.20x	0.24x
Apax USD L.P.	Apax	buyout	2019	—	12.4%	1.30x	0.13x
CHP III	CHP	tactical	2006	—	12.4%	3.00x	2.94x
Trilantic Capital Partners III L.P.	Trilantic	buyout	2004	—	12.4%	1.51x	1.51x
Charterhouse Capital Partners IX PE	Charterhouse Capital Partners	buyout	2011	—	12.4%	1.38x	1.16x
Corporate Partners, L.P.	Corporate Opportunities	buyout	1988	—	12.4%	2.13x	2.13x
Mcp Private Capital Fund IV Feeder Scsp	Mcp	direct lending	2020	—	12.4%	1.30x	0.44x
Nordic Capital Fund VIII, L.P.	Nordic Capital	buyout	2013	—	12.4%	1.61x	1.32x
Participation Agreement #8	—	multi strategy	2022	—	12.4%	—	1.19x
Sovereign Capital IV	Sovereign Capital Partners	buyout	2014	—	12.4%	1.87x	0.86x
Riverside Micro-Cap Fund V, L.P.	The Riverside Company	buyout	2019	—	12.4%	1.57x	0.64x
Apollo European Principal Finance Fund (Feeder), L.P.	Apollo	distressed debt	2010	—	12.4%	—	1.45x
Pond Ventures III, L.P.	Pond Ventures	venture capital	2006	—	12.4%	1.88x	1.88x
Summit Partners Credit Fund III L.P.	Summit Partners	mezzanine	2018	—	12.3%	1.23x	1.15x
Bregal Sagemount Equity III	Bregal Sagemount	buyout	2019	—	12.3%	1.42x	0.31x
Brighton Park Capital Fund I	Brighton Park Capital	growth equity	2021	—	12.3%	1.66x	0.17x
Paladin III (NY City)	Paladin Capital Group	buyout	2007	—	12.3%	2.10x	2.10x
Cerberus Institutional Partners V, L.P.	Cerberus	buyout	2012	—	12.3%	1.91x	1.62x
Eagle Point Defensive Income Fund II	Eagle Point Defensive Income	direct lending	2022	—	12.3%	—	—
Montauk TriGuard Fund IV	Montauk TriGuard	buyout	2008	—	12.3%	1.50x	1.50x
Oaktree Power Fund III	Oaktree	real estate equity	2011	—	12.3%	1.50x	1.47x
PARTHENON INVESTORS II LP	Parthenon	buyout	2001	—	12.3%	1.64x	1.64x
ABRY Senior Equity V	ABRY Partners	mezzanine	2016	—	12.3%	1.58x	0.81x
Court Square Capital Partners II	Court Square Capital Partners	buyout	2006	—	12.3%	1.79x	1.79x
High Road Capital Partners Fund II	High Road Capital Partners	buyout	2013	—	12.3%	1.62x	1.35x
New Mountain Partners	New Mountain Capital	buyout	2001	—	12.3%	1.45x	1.45x
PGIM Capital Partners VI, L.P.	PGIM	buyout	2020	—	12.3%	1.25x	0.19x
VI Coinvest Apax X USD	—	buyout	2020	—	12.3%	—	0.37x
Whitehorse Liquidity Partners IV	Whitehorse Liquidity Partners	direct lending	2020	—	12.3%	1.20x	0.59x
TowerBrook Investors VI, L.P.	TowerBrook	buyout	2023	—	12.3%	1.10x	0.33x
KSL Capital Partners IV, L.P.	KSL	buyout	2016	—	12.3%	1.60x	0.81x
Acon-Bastion Partners II, L.P.	Acon Investments	buyout	2006	—	12.3%	1.74x	1.74x
Landmark Equity Partners XVII, L.P.	Landmark Partners	secondaries	2022	—	12.2%	1.10x	0.00x
Abbott Capital Private Equity Fund VI, L.P.	Abbott	fund of funds	2008	—	12.2%	1.90x	1.77x
Tiger Infrastructure Partners II	Tiger Global	infrastructure	2018	—	12.2%	1.58x	0.99x
TCV VIII	TCV	venture capital	2014	—	12.2%	2.30x	1.77x
HongShan China Growth Fund V, L.P.	HongShan	growth equity	2018	—	12.2%	1.95x	0.28x
Horizon Strategic Fund - Carlyle Group	Horizon	growth equity	2014	—	12.2%	1.70x	1.51x
L Catterton VIII, L.P.	L Catterton	buyout	2016	—	12.2%	1.49x	0.75x
TPG Growth V LP	TPG	growth equity	2021	—	12.2%	1.39x	0.41x
Advent Latin America PE Fund VI	Advent International	buyout	2014	—	12.2%	1.72x	1.04x
Advent Latin American Private Equity Fund VI	Advent International	buyout	2015	—	12.2%	1.72x	1.19x

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).