Fundraising Fox

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
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Oaktree Opportunities Fund VIII, L.P.Oaktreespecial situations20109.0%1.50x1.47x
GEM Realty Fund VIGem Realtyreal estate equity20179.0%1.25x0.76x
Permira IV, L.P.Permirabuyout20069.0%1.77x1.55x
Webster Equity Partners V, L.P.Webster Equity Partnersbuyout20219.0%1.24x0.02x
Pantheon USA VPantheon Venturesfund of funds20029.0%1.57x1.57x
KKR MN Partnership L.P.Kohlberg Kravis Robertsbuyout20219.0%1.27x0.02x
HarbourVest International Private Equity Partners III - PartnershipHarbourVest Partners (Canada)fund of funds19979.0%1.58x1.58x
JFL IIIJflbuyout20119.0%1.47x1.06x
NEV IINEVbuyout20059.0%1.73x1.73x
RREEF North American Infrastructure FundRreefinfrastructure20079.0%1.10x1.09x
Strategic Partners IV VC, L.P.Strategicsecondaries20089.0%1.51x1.51x
Windjammer Mezzanine & Equity Fund IIWindjammer Capitalmezzanine20009.0%1.56x1.56x
Cabot Industrial Core Fund II, L.P.Cabot Propertiesreal estate equity20179.0%1.51x0.24x
Crescent Mezzanine Partners VII, LPCrescent Mezzaninemezzanine20169.0%1.28x0.80x
II Grain Communicationsbuyout20219.0%0.37x
Prudential Capital Partners II, L.P.Prudential Financialbuyout20059.0%1.49x1.49x
T2 Energy Transition FundEnergy Transitionnatural resources20209.0%1.30x0.15x
Blackstone Tactical Opportunities Fund II-S (Surge) L.P.The Blackstone Grouptactical20199.0%1.38x0.45x
Sorenson Capital Partners IV, L.P.Sorenson Capitalbuyout20219.0%1.29x0.01x
Horsley Bridge Strategic Fund VHORSLEY BRIDGE VENTUREfund of funds20208.9%
GTCR Strategic Growth Fund I/A LP and GTCR Strategic Growth Fund I/B LPGTCRgrowth equity8.9%1.14x0.02x
Benefit Street Partners Capital Opportunity Fund, L.P.Benefit Street Partnersmulti strategy20138.9%1.55x0.98x
Stone Oak Fund L.P.Stone Oakbuyout8.9%1.91x1.45x
Fortress Lending Fund II MA-CRPTF LPFortress Investment Groupdirect lending20208.9%1.20x0.70x
WCP Real Estate Fund III(A), L.P.Wcpreal estate equity20118.9%1.65x1.51x
Canaan VIII, L.P.Canaan Partnersventure capital20078.9%1.44x1.24x
Summit Partners Credit Fund, LPSummit Partnersmezzanine20118.9%1.30x1.30x
KKR Byzantium Infrastructure AggregatorKohlberg Kravis Robertsinfrastructure20178.9%1.61x0.90x
Blackstone Credit Liquidity Partners, L.P.The Blackstone Groupdirect lending20108.9%1.24x1.24x
SVB Capital Partners IV LPSVBbuyout20178.9%1.62x0.00x
Franklin Park XIVFranklin Parktactical20228.9%1.11x0.03x
Sixth Street Opportunities Partners III, L.P.Sixth Streetbuyout20148.9%1.60x1.26x
Advent Global TechnologyAdvent Internationalbuyout20198.9%1.45x0.14x
GTCR Strategic Growth FundGTCRgrowth equity20228.9%1.14x0.02x
Monroe Capital Private Credit Fund IIMonroedirect lending20158.9%1.50x1.29x
OHA Tactical Investment Fund LPOHAtactical20208.9%1.22x0.03x
PSERS TAO Partners Parallel Fund, L.P. -(TAO 2.0)PSERS TAOtactical20148.9%1.22x0.94x
Varde Fund XIII, L.P.The Vardedistressed debt20188.9%1.41x0.83x
Accel-KKR Growth Capital Partners III, LPAccel-KKRgrowth equity20188.9%1.30x0.33x
Capital Partners IV, L.P.Centre Lanebuyout20078.9%1.62x
Clearlake Opportunities Partners IIClearlake Capital Groupbuyout20198.9%1.24x0.48x
Dyal Capital Partners IIDyal Capital Partnerssecondaries20148.9%1.54x0.60x
FP Venture 2015venture capital20158.9%1.75x0.60x
Landmark Equity Partners XIVLandmark Partnersbuyout20088.9%1.32x1.32x
Landmark Real Estate Partners VIII, L.P.Landmark Partnersreal estate equity20168.9%1.25x0.60x
Landmark XIVLandmark Partnersbuyout20088.9%1.32x1.32x
Meridiam Infrastructure Europe II (SCA)Meridiaminfrastructure20158.9%1.70x0.58x
MW Eureka (US) FundMW Eureka (US)buyout20178.9%1.75x
Oak Hill Capital Partners IIIOak Hill Capitalbuyout20078.9%1.40x1.40x
PSG V L.P.PSG Equitygrowth equity20218.9%1.34x0.28x
CapitalSpring Investment Partners VI, LPCapitalSpringbuyout20208.9%1.20x0.20x
Fortress Credit Opportunities Fund V Expansion MA-CRPTF LPFortress Investment Groupmulti strategy20208.9%1.10x0.30x
Marathon European Credit Opportunity Fund, LPMarathonmulti strategy20138.8%1.30x1.30x
ICG Centre Street Partnership, L.P. - Series NIntermediate Capital Groupdirect lending20248.8%1.06x0.15x
JP Morgan Venture Capital Investors IIIJ.P. Morgan Asset Managementventure capital20068.8%1.83x1.62x
Quantum Energy Partners V, L.P.Quantumnatural resources20088.8%1.49x1.48x
Insight Partners XII Buyout Annex FundInsight Partnersgrowth equity20218.8%1.28x0.00x
KKR 1987 FundKohlberg Kravis Robertssecondaries19878.8%1.66x1.66x
TrueBridge Capital Partners Fund VI (Parallel) LPTrueBridge Capital Partnersfund of funds20198.8%1.34x0.06x
Tpg Asia Vi, LPTPGbuyout20128.8%1.59x1.19x
H.I.G. Middle Market LBO Fund IIIH.I.G. Capitalbuyout20198.8%1.27x0.47x
Bain Capital Fund IX Co-Invest L.P.Bain Capitalco investment20068.8%1.40x
AEW Partners III, L.P.AEWreal estate equity19988.8%1.48x1.48x
Genstar X Opportunities Fund IGenstarmulti strategy20218.8%1.27x0.06x
NB Co-Investment PartnersNB Coco investment20068.8%1.48x1.41x
OCM Principal Opportunities Fund IV, LPOaktreemulti strategy20068.8%1.68x1.68x
Orchard Landmark IIOrchard Landmarktactical20168.8%1.60x0.11x
Senior Credit FundSeniordirect lending20148.8%1.27x1.27x
Appian Natural Resources (UST) Fund II L.P.Appian Capital Advisorynatural resources8.8%1.57x0.86x
BARING ASIA PRIVATE EQUITY FUND IV LPBaring Private Equity Asiabuyout20078.8%1.61x1.61x
Landmark Equity Partners XIV, L.P.Landmark Partnerssecondaries20088.8%1.32x1.32x
Varsity Healthcare Partners III, L.P.Varsity Healthcare Partnersbuyout20198.8%1.43x0.00x
BC Partners XI GE 2 LPBC Partnersco investment20218.8%1.23x0.10x
InvestmentBv Investmentdirect lending20208.8%1.23x0.06x
Bain Capital Fund X, L.P.Bain Capitalco investment20078.8%1.60x1.51x
CVI Credit Value Fund IICVIdistressed debt20138.8%1.46x1.45x
AS Birch Grove Opportunities Fund, L.P. (fka Ascribe IV)AS Birch Grovemulti strategy20208.8%1.12x0.75x
Tiger Iron Redwood Fund L.P.Tiger Iron Capitalbuyout20218.8%1.20x
MTP Emerald FundMagnetar Capitalinfrastructure20198.7%1.31x1.24x
Ares Mezzanine Partners, L.P.Aresmezzanine20118.7%1.16x1.15x
Pharos IIIPharos Capital Groupbuyout20138.7%1.65x1.20x
Advent Latin American Private Equity Fund IV, L.P.Advent Internationalbuyout20078.7%1.50x1.42x
Crestline Portfolio Financing Fund, L.P.Crestline Investorsdirect lending20188.7%1.38x
Fortress Lending Fund IIFortress Investment Groupdirect lending20218.7%1.28x0.89x
Permira VII, L.P.Permirabuyout20208.7%1.41x0.13x
Carlyle Power Partners IICarlyle Groupbuyout20158.7%1.37x1.36x
Affinity Asia Pacific Fund III, L.P.Affinity Equity Partnersbuyout20078.7%1.39x1.39x
Axium Infrastructure North America (2021)Axiuminfrastructure20218.7%0.09x
Certares HoldingsCertares Holdingsbuyout20188.7%1.39x0.27x
Glencoe Capital Inst. Partners IIIGlencoebuyout20048.7%1.49x1.49x
Kainos Capital IIIKainosbuyout20228.7%1.21x0.00x
LBC Credit Partners IV, L.P.LBCdirect lending20168.7%1.21x1.20x
OCM Opportunities Fund VI, L.P.Oaktreespecial situations20058.7%1.58x1.58x
The Varde Asia Credit Fund, L.P.The Vardedirect lending8.7%1.58x1.19x
Charlesbank Equity Fund VI, L.P.Charlesbank Capital Partnersbuyout20058.7%1.41x1.36x
EnerVest Energy Institutional Fund XIVEnerVestnatural resources20048.7%1.37x0.68x
GCM Grosvenor DEM, L.P.GCM Grosvenorfund of funds20128.7%1.38x1.13x
Harrison Street Real Estate Partners V, L.P.Harrison Street Real Estate Capitalreal estate equity20158.7%1.54x1.24x
Nordic Capital Fund VI, L.P.Nordic Capitalbuyout20068.7%1.73x1.73x
STARWOOD OPPORTUNITY FUND XI GLOBAL, L.P.Starwood Capital Group8.7%1.29x0.36x

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).