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
KKR Global Infrastructure Investors IV	Kohlberg Kravis Roberts	infrastructure	2014	—	9.3%	1.23x	0.11x
Blackstone Real Estate Special Situations Fund II, L.P.	The Blackstone Group	special situations	2011	—	9.3%	1.20x	1.20x
TPG Real Estate Partners III	TPG	real estate equity	2019	—	9.3%	1.42x	0.73x
BlackRock Carbon Capital III, L.P.	BlackRock	growth equity	2010	—	9.3%	1.26x	1.26x
HarbourVest Partners V - Investment Program	HarbourVest Partners (Canada)	buyout	1997	—	9.3%	1.42x	1.42x
Investindustrial VI LP	Investindustrial	buyout	2016	—	9.3%	1.53x	0.77x
Bridgepoint Europe IV D, L.P.	Bridgepoint	co investment	2007	—	9.3%	1.54x	1.45x
1868 Univeritas Fund	1868 Univeritas	buyout	2017	—	9.3%	1.26x	0.20x
Almanac Realty Securities VII	Almanac Realty Securities	real estate equity	2015	—	9.3%	1.41x	0.90x
AS Birch Grove Opportunities Fund	AS Birch Grove	multi strategy	2017	—	9.3%	1.13x	0.65x
BC European Capital IX	BC Partners	co investment	2011	—	9.3%	1.52x	1.52x
Bell Institutional Fund VI, L.P.	Bell Value-Add	real estate equity	2016	—	9.3%	1.71x	0.71x
Berkeley Partners Value Industrial Fund V, L.P.	Berkeley	buyout	—	—	9.3%	1.43x	0.59x
Berkeley V	Berkeley	buyout	2020	—	9.3%	1.28x	0.41x
BIG Real Estate Fund I, L.P.	Brickman	real estate equity	2017	—	9.3%	1.28x	0.71x
Carbon Capital III Inc	Carbon	real estate equity	2009	—	9.3%	1.26x	1.26x
LNK Partners	Lnk	buyout	2006	—	9.3%	1.50x	1.39x
NGP	Ngp	natural resources	2014	—	9.3%	1.59x	1.34x
Altas Partners Holdings III	Altas Partners	buyout	2022	—	9.3%	0.94x	0.04x
Asia Alternatives Korea Buyout Investors (Hahn & Co)	Asia Alternatives Management	buyout	2011	—	9.3%	1.50x	1.42x
CalPERS Corporate Partners, LLC	CalPERS Corporate	buyout	2001	—	9.3%	1.56x	1.56x
Cube Infrastructure III	Cube Infrastructure Managers	infrastructure	2021	—	9.3%	1.27x	0.12x
Orion Mine Finance Fund II	Orion Resource Partners	natural resources	2016	—	9.3%	1.32x	0.98x
Paine & Partners Capital Fund IV PE	Paine & Partners	buyout	2014	—	9.3%	1.36x	0.56x
Project Pulse	—	buyout	2014	—	9.3%	1.69x	1.69x
RoundTable Healthcare Capital Partners II, LP	RoundTable Healthcare Partners	private equity	2010	—	9.3%	1.20x	0.86x
T V I Fund II	—	co investment	1982	—	9.3%	1.69x	1.69x
SL Capital SOF I, L.P.	abrdn plc	tactical	2014	—	9.3%	—	1.36x
Cross Ocean European Special Situations V, L.P.	Cross Ocean Partners	special situations	2024	—	9.3%	1.09x	0.00x
PAG Asia II, L.P.	PAG	buyout	2016	—	9.3%	1.60x	0.98x
Crescent Direct Lending Levered Fund II (Delaware), LP	Crescent Direct Lending Levered	direct lending	2017	—	9.3%	1.30x	1.00x
Highbridge Principle Strategies Kitty Hawk Credit Fund LP	Highbridge	direct lending	2016	—	9.3%	1.35x	0.53x
GCM Grosvenor Advance Fund, L.P	GCM Grosvenor	fund of funds	2022	—	9.2%	1.21x	0.15x
Horsley Bridge XIII Venture	HORSLEY BRIDGE VENTURE	venture capital	2019	—	9.2%	—	—
Silver Lake Partners VI LP	Silver	buyout	2021	—	9.2%	1.30x	0.16x
Charterhouse Equity Partners IV, L.P.	Charterhouse	buyout	2005	—	9.2%	1.60x	1.60x
General Catalyst Group X - Growth Venture	General Catalyst	venture capital	2020	—	9.2%	1.50x	—
General Catalyst X - Growth Venture	General Catalyst	venture capital	2020	—	9.2%	1.49x	—
Adams Street - 2010 Non-U.S. Emerging Markets	Adams Street Partners	growth equity	2010	—	9.2%	2.00x	1.36x
Ares Capital Europe V	Ares	direct lending	2020	—	9.2%	1.31x	0.28x
Bain Capital Middle Market Credit 2010, L.P.	Bain Capital	direct lending	2010	—	9.2%	1.26x	1.26x
Dawson Portfolio Finance 5	Dawson Partners	direct lending	2021	—	9.2%	1.15x	0.48x
MBK Partners Fund IV, L.P.	MBK Partners	buyout	2017	—	9.2%	1.56x	0.42x
Cerberus Institutional Partners, L.P.(Series Four)	Cerberus	buyout	2006	—	9.2%	1.85x	1.85x
FP Intl 2011	FP Intl	tactical	2011	—	9.2%	1.71x	1.55x
Oaktree Opportunities Fund XI, L.P.	Oaktree	special situations	2020	—	9.2%	1.33x	0.60x
Sprott Private Resource Lending II LP	Sprott Private Resource Lending	direct lending	2019	—	9.2%	1.18x	0.67x
VIP IV	VIP	multi strategy	2020	—	9.2%	1.26x	0.02x
Walton Street Real Estate Fund VIII RE	Walton St	real estate equity	2015	—	9.2%	1.21x	0.51x
Bessemer Venture Partners VII Institutiona	Bessemer Venture Partners	venture capital	2007	—	9.2%	1.27x	0.02x
Falconhead Capital Partners II, L.P. IV, L.P.	Falconhead Capital	buyout	2006	—	9.2%	6.60x	—
International Infrastructure Finance Company II, L.P.	International Infrastructure Finance Company	infrastructure	2017	—	9.2%	1.34x	1.07x
SilverStone II, LLC Series G (KRG)	SilverStone	buyout	2005	—	9.2%	1.44x	1.18x
Sun Capital Partnc"rs V, L.P.	Sun Capital Partners	private equity	2007	—	9.2%	—	0.46x
TCW Crescent Mezzanine Partners V	Crescent Capital Group	mezzanine	2007	—	9.2%	1.32x	1.32x
FTV VII	FTV Capital	buyout	2022	—	9.2%	1.25x	0.08x
ZMC II Extended Value Fund, L.P.	Zmc	co investment	2021	—	9.2%	1.38x	0.00x
Tennenbaum Special Situations Fund IX	BlackRock	special situations	2015	—	9.2%	—	1.64x
Cerberus Institutional Partners, L.P. (Series 4)	Cerberus	buyout	2006	—	9.2%	1.85x	1.85x
Long Arc Capital I	Long Arc Capital	tactical	2020	—	9.2%	1.29x	0.00x
CGW Southeast Partners III	CGW Southeast Partners	buyout	1996	—	9.2%	1.70x	1.70x
The Varde Dislocation Fund, L.P.	The Varde	direct lending	—	—	9.2%	1.34x	0.97x
GCM Grosvenor TRSCNY Emerging Manager Fund, L.P.	GCM Grosvenor	fund of funds	2008	—	9.2%	1.51x	1.27x
Garmark Partners II, L.P.	General Atlantic	buyout	2005	—	9.2%	1.30x	1.30x
Cerberus Institutional (Series Four) LP	Cerberus	buyout	2007	—	9.2%	1.85x	1.85x
West Street CT Private Credit Partnership, L.P.	Goldman Sachs	direct lending	2020	—	9.1%	1.30x	0.30x
LAV Fund VI, L.P.	Lilly Asia Ventures	multi strategy	2021	—	9.1%	1.27x	0.29x
Drug Royalty III, L.P. 1	Drug Royalty	specialty finance	2013	—	9.1%	1.22x	1.22x
Kayne Solutions Fund, L.P.	Kayne Anderson Capital Advisors	tactical	2018	—	9.1%	—	1.10x
Fortress COF V	Fortress Investment Group	direct lending	2020	—	9.1%	—	—
Industry Ventures Secondary IX, L.P.	Industry Ventures	venture capital	2020	—	9.1%	1.28x	0.13x
Virtus Real Estate Capital III, LP	Virtus Real Estate Capital	real estate equity	—	—	9.1%	1.33x	0.24x
General Catalyst XI - Endurance	General Catalyst	venture capital	2021	—	9.1%	1.29x	—
StepStone Pioneer Capital II	Stepstone Group	fund of funds	2006	—	9.1%	2.25x	1.00x
Stepstone Secondary Opportunities Fund II	Stepstone Group	multi strategy	2012	—	9.1%	1.80x	0.02x
Sixth Street TAO Partners (B) (3.0)	Sixth Street	tactical	2020	—	9.1%	2.13x	1.32x
Advent Latin America Private Equity Fund IV-D, L.P.	Advent International	buyout	2007	—	9.1%	1.51x	1.43x
BlackRock-Global Infrastructure Partners IV-A&B, L.P. (2020)	BlackRock	infrastructure	2019	—	9.1%	1.25x	0.09x
Apax X USD	Apax	buyout	2019	—	9.1%	1.32x	0.27x
Global Infrastructure Partners IV-A/B, L.P. (2020)	GIP	infrastructure	2019	—	9.1%	1.25x	0.08x
Global Transport Income Fund Master Partnership SCSp	GIP	infrastructure	2020	—	9.1%	1.36x	0.30x
Oaktree Opportunities VIII PE	Oaktree	special situations	2009	—	9.1%	1.47x	1.45x
Orchard Landmark IIr	Orchard Landmark	tactical	2016	—	9.1%	1.60x	0.11x
Silver Lake Partners II	Silver	buyout	2004	—	9.1%	1.43x	1.43x
Sprott Private Resource Lending Fund III	Sprott Private Resource Lending	direct lending	2022	—	9.1%	1.10x	0.20x
Dover Street VII	HarbourVest Partners (Canada)	buyout	2007	—	9.1%	1.40x	1.43x
GCM US Partnership Opportunities, L.P.	GCM Grosvenor	multi strategy	2022	—	9.1%	1.13x	0.18x
HealthCare Royalty Partners III, L.P.	HEALTHCARE ROYALTY PARTNERS	specialty finance	2007	—	9.1%	1.27x	1.27x
JP Morgan Fleming (Tranche B)	J.P. Morgan Asset Management	buyout	2010	—	9.1%	1.69x	1.40x
Project Curious	—	buyout	2018	—	9.1%	1.91x	0.00x
Prudential Capital Partners IV	Prudential Financial	buyout	2012	—	9.1%	1.40x	1.38x
The Central Valley Fund, LP	The Central Valley	buyout	2005	—	9.1%	1.28x	1.28x
Tricon Housing Partners US LP	Tricon Residential	real estate equity	2008	—	9.1%	1.66x	1.26x
Apax X, L.P.	Apax	buyout	2019	—	9.1%	1.30x	0.17x
GIP Capital Solutions Fund II SCSp, L.P.	GIP	co investment	—	—	9.1%	1.41x	0.69x
GS Mezzanine Partners V, L.P.	Goldman Sachs	mezzanine	2007	—	9.1%	1.23x	1.22x
D.E. Shaw Alkali Fund VI, L.L.C.	D.E. Shaw	buyout	—	—	9.1%	1.17x	0.21x
Hollyport Secondary (Overage Fund) LP	Hollyport Capital	buyout	2022	—	9.1%	1.10x	0.00x
Energy Capital Partners II, L.P.	Energy	infrastructure	2009	—	9.1%	1.46x	1.46x
Oaktree Opportunities Fund VIII, L.P.	Oaktree	special situations	2010	—	9.0%	1.50x	1.47x

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).