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
Equistone European Fund V	Equistone Partners Europe	buyout	2003	—	10.0%	1.53x	0.68x
Huntsman Gay Capital Partners Fund, LP	Huntsman Gay	buyout	2008	—	10.0%	1.35x	1.35x
Blue Owl Asset Income Fund V	Blue Owl Capital	direct lending	2020	—	10.0%	1.30x	0.96x
Revelstoke Capital Partners III, L.P	Revelstoke Capital Partners	buyout	2021	—	10.0%	1.16x	0.13x
Fortress Credit Opportunities Fund III (A)	Fortress Investment Group	multi strategy	2012	—	9.9%	1.48x	1.38x
SRI Ten REIT	SRI NINE REIT	direct lending	2011	—	9.9%	1.27x	1.22x
Black.<tone Capital Portners VI, L.P.	—	private equity	2007	—	9.9%	—	0.10x
KKR EUROPE V	Kohlberg Kravis Roberts	buyout	2018	—	9.9%	1.42x	0.46x
Updata Partners IV	Updata Partners	buyout	2007	—	9.9%	1.31x	1.31x
Sixth Street Opportunities Partners V A L.P.	Sixth Street	buyout	2022	—	9.9%	1.15x	0.38x
TPG Partners II	TPG	buyout	1997	—	9.9%	1.69x	1.69x
H.I.G. Europe CapitaI Partners II	H.I.G. Capital	growth equity	2013	—	9.9%	1.41x	0.94x
Abbott Capital Private Equity Investors 2007	Abbott	buyout	2007	—	9.9%	1.70x	0.35x
Apax X	Apax	buyout	2019	—	9.9%	1.31x	0.17x
Axium Infrastructure North America	Axium	infrastructure	2017	—	9.9%	1.28x	0.21x
NGP Natural Resources XI, L.P.	Ngp	natural resources	2014	—	9.9%	1.61x	1.39x
Oaktree Latigo Investment Fund, L.P.	Oaktree	real estate equity	2020	—	9.9%	1.36x	0.65x
Solar Capital Debt Fund	Solar	direct lending	2019	—	9.9%	1.31x	0.63x
Walton Street Real Estate Fund VII RE	Walton St	real estate equity	2012	—	9.9%	1.38x	1.12x
AnaCap Credit Opportunities IV, L.P.	AnaCap Financial Partners	multi strategy	2019	—	9.9%	1.18x	0.69x
IFM Infrastructure Fund IN	IFM Investors	infrastructure	2012	—	9.9%	—	1.44x
Institutional Venture Partners IV	IVP (Institutional Venture Partners)	buyout	1988	—	9.9%	2.34x	2.34x
Lone Star CRA	Lone Star Japan Acquisitions	buyout	2008	—	9.9%	1.90x	1.37x
Oak Hill Capital Partners II	Oak Hill Capital	buyout	2004	—	9.9%	1.59x	1.59x
Paine Schwartz Food Chain Fund VI	Paine Schwartz Partners	buyout	2022	—	9.9%	1.20x	0.11x
Park Square -PSERS Credit Opportunities Fund, L.P.	Park Square Capital	multi strategy	2014	—	9.9%	1.37x	0.53x
Pioneer Infrastructure Partners SCSp	Pioneer Infrastructure	infrastructure	—	—	9.9%	1.23x	0.00x
Waterton Fund XII	Waterton	buyout	2014	—	9.9%	1.52x	1.25x
Bain Capital IX Coinvestment Fund, LP	Bain Capital	co investment	2006	—	9.9%	1.77x	1.77x
CHS Private Equity V, L.P.	Code, Hennessy & Simmons	buyout	2005	—	9.9%	1.70x	1.67x
Juggernaut Capital Partners II, LP	Juggernaut Capital	buyout	2012	—	9.8%	1.59x	1.35x
BRV Aster Fund III, L.P.	BRV Aster	buyout	2019	—	9.8%	1.31x	0.00x
Galen Partners IV, L.P.	Galen Partners	venture capital	2003	—	9.8%	1.74x	1.74x
Wynnchurch Capital Partners V LP	Wynnchurch	buyout	2020	—	9.8%	1.30x	0.06x
Saybrook Corporate Opportunity Fund	Saybrook Corporate Opportunity	multi strategy	2007	—	9.8%	1.54x	1.54x
KKR 2006 Fund, L.P.	Kohlberg Kravis Roberts	buyout	2006	—	9.8%	1.87x	1.87x
LAV VI	LAV	buyout	2020	—	9.8%	1.26x	0.35x
Madison Dearborn Capital Partners VII, L.P.	Madison Dearborn Partners	buyout	2015	—	9.8%	1.63x	0.86x
GS China-US Cooperation Fund	Goldman Sachs	tactical	2018	—	9.8%	1.50x	0.10x
Industry Ventures Tech Buyout II, L.P.	Industry PH	buyout	2022	—	9.8%	—	1.19x
Advent Latin American Private Equity Fund III-D L.P.	Advent International	buyout	2006	—	9.8%	1.48x	1.44x
Brookfield Strategic Real Estate Partners II, L.P.	Brookfield Asset Management	real estate equity	2015	—	9.8%	1.47x	1.09x
Cerberus FSBA Levered Loan Opportunities Fund LP	Cerberus	multi strategy	2016	—	9.8%	1.56x	0.18x
NGP XI	Ngp	buyout	2014	—	9.8%	1.62x	1.38x
Rhone Partners III, L.P.	Rhone	buyout	2006	—	9.8%	1.43x	1.43x
The Varde Fund X (C) LP	The Varde	direct lending	2010	—	9.8%	1.72x	1.68x
TowerBrook Investors II LP	TowerBrook	buyout	2005	—	9.8%	1.88x	1.88x
Blue Owl Capital Corporation	Blue Owl Capital	real estate equity	2017	—	9.8%	—	1.52x
Centerbridge Special Credit Partners III	Centerbridge Partners, L.P.	distressed debt	2016	—	9.8%	1.34x	1.28x
IFM Global Infrastructure (US), L.P.	IFM Investors	infrastructure	2012	—	9.8%	—	1.44x
Participation Agreement #7	—	multi strategy	2021	—	9.8%	—	1.22x
PGIM Real Estate Capital VII, SCSp	PGIM	real estate equity	2020	—	9.8%	1.17x	0.71x
Project Moby	—	growth equity	2021	—	9.8%	1.37x	0.37x
Project Sail	—	buyout	2014	—	9.8%	1.73x	1.47x
Project Wellness 2.0	Project Wellness	buyout	2021	—	9.8%	1.39x	0.21x
Riverside Capital Appreciation Fund VII, L.P.	The Riverside Company	buyout	2019	—	9.8%	1.30x	0.72x
Sky Fund VI Onshore LP	Sky	buyout	2024	—	9.8%	1.07x	0.00x
Warburg Pincus IX	Warburg Pincus	growth equity	2005	—	9.8%	1.71x	1.68x
Benefit Street Senior Secured Opportunities Fund II	Benefit Street Partners	multi strategy	2019	—	9.8%	1.22x	0.48x
Vinci Capital Partners III, L.P.	Vinci Capital	buyout	2019	—	9.8%	1.41x	0.03x
MS GTB Capital Partners II LP	MS GTB	buyout	2014	—	9.8%	1.58x	0.81x
Crow Holdings Retail Fund II, L.P.	Crow Holdings	real estate equity	2016	—	9.8%	1.36x	1.35x
Blackstone Tactical Opportunities Fund - S L.P.	The Blackstone Group	tactical	2017	—	9.8%	1.40x	1.33x
Blkrk Tcp - Waterman	BLKRK TCP - WATERMAN	tactical	—	—	9.8%	—	—
NCL Investments II, L.P. - PE Overflow Series	NCL Investments	multi strategy	2018	—	9.8%	1.43x	0.36x
GSO Capital Solutions Fund III LP	The Blackstone Group	direct lending	2018	—	9.7%	1.16x	0.98x
Prudential Property Investment Separate Account	Prudential Private	real estate equity	2004	—	9.7%	1.74x	1.74x
Compass Partners European Equity Fund, L.P. (USD)	Compass	buyout	1997	—	9.7%	1.70x	1.70x
Apollo Offshore - Private Equity	Apollo	buyout	—	—	9.7%	—	—
Harrison St. RE Partners V, L.P.	Harrison Street Real Estate Capital	co investment	2014	—	9.7%	1.57x	1.00x
Summit Subordinated Debt Fund IV, L.P.	Summit Partners	mezzanine	2008	—	9.7%	1.35x	1.35x
Tiger Infrastructure Partners Fund III LP	Tiger Global	infrastructure	2020	—	9.7%	1.17x	0.08x
Sixth Street Diversified Credit Program	Sixth Street	direct lending	2016	—	9.7%	1.50x	0.00x
Sixth Street Opportunities Partners V, L.P.	Sixth Street	buyout	2022	—	9.7%	1.22x	0.15x
Sixth Street TAO	Sixth Street	tactical	2020	—	9.7%	1.40x	0.00x
Sixth Street TAO Partners (F.K.A. TSSP Adjacent Opp. Partners)	Sixth Street	tactical	2015	—	9.7%	1.26x	1.01x
AG Asia Realty Fund IV	Angelo Gordon	real estate equity	2019	—	9.7%	1.33x	0.93x
AG Asia Realty Fund V	Angelo Gordon	real estate equity	2023	—	9.7%	1.13x	0.05x
TPG Growth VI, L.P.	TPG	growth equity	2024	—	9.7%	1.06x	0.39x
TPG Partners VI	TPG	buyout	2008	—	9.7%	1.49x	1.48x
Carlyle Realty Partners VII, L.P.	Carlyle Group	real estate equity	2014	—	9.7%	1.35x	1.18x
BC Partners XI Metro Coinvestment	BC Partners	co investment	2021	—	9.7%	1.27x	1.27x
BCP Special Opportunities Fund I LP	BCP	special situations	2017	—	9.7%	1.41x	1.12x
Hudson Bay Fund	Hudson Bay	buyout	2004	—	9.7%	1.54x	—
Platinum Equity Capital Partners VI, L.P.	Platinum	buyout	2022	—	9.7%	1.16x	0.09x
Stonepeak Infrastructure Partners IV	Stonepeak	infrastructure	2020	—	9.7%	1.24x	0.25x
Torchlight V	Torchlight Debt	direct lending	2015	—	9.7%	1.31x	1.25x
ABRY Partners VIII	ABRY Partners	buyout	2014	—	9.7%	1.41x	1.28x
Blue Owl GP Stakes V	Blue Owl Capital	growth equity	2020	—	9.7%	1.20x	0.43x
Post Oak Energy Partners IV LP	Post Oak Energy Capital	natural resources	2018	—	9.7%	1.42x	0.50x
Shamrock Capital Growth Fund II L.P.	Shamrock Capital	growth equity	2005	—	9.7%	1.46x	1.46x
The Veritas Capital Fund VIII, L.P.	Veritas Capital	buyout	2022	—	9.7%	1.21x	0.00x
Canaan XI, L.P.	Canaan Partners	venture capital	2017	—	9.7%	1.68x	0.06x
Triton Fund V, L.P.	TRITON FUNDS LLC	buyout	2018	—	9.7%	1.30x	1.26x
Apollo Centre Street Partnership,L.P.	Apollo	direct lending	2020	—	9.7%	1.26x	0.58x
STG VI, L.P.	Stg	buyout	2020	—	9.7%	1.27x	0.40x
Carlyle Partners VI, L.P. (Side Car)	Carlyle Group	buyout	2014	—	9.7%	1.77x	1.39x
RLJ Real Estate Fund III, L.P.	RLJ	real estate equity	2007	—	9.6%	1.41x	1.41x
Shawmut Equity Partners, L.P.	Shawmut	buyout	1997	—	9.6%	1.50x	1.50x
GI Partners Fund VI, L.P.	GI Partners	buyout	2021	—	9.6%	1.30x	—

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).