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
IK Fund IX	IK Small Cap	buyout	2019	—	7.5%	1.31x	0.02x
Kennedy Lewis Residential Property Income Company LP 2023 $0.00	Kennedy Lewis Residential Property Income Company LP 2023 $	real estate equity	2024	—	7.5%	1.06x	—
Lasalle Income Growth VI	LaSalle	growth equity	2013	—	7.5%	1.30x	1.18x
Prologis Logistics Open-End	Prologis	real estate equity	—	—	7.5%	2.49x	0.43x
Charlesbank Equity Fund IX Overage Program LP	Charlesbank Capital Partners	buyout	2018	—	7.5%	1.29x	0.76x
The Fourth Cinven Fund	Cinven	buyout	2006	—	7.5%	1.46x	1.46x
Shasta Ventures III, L.P.	Shasta Ventures	venture capital	2012	—	7.5%	1.88x	1.36x
Madison Dearborn Capital Partners V, L.P.	Madison Dearborn Partners	buyout	2006	—	7.5%	1.60x	1.55x
H.I.G. Capital – TMRS Capella SMA, L.P.	H.I.G. Capital	growth equity	—	—	7.5%	1.37x	0.21x
Cinven Fourth Fund	Cinven	buyout	2007	—	7.5%	1.50x	1.46x
Spectrum Equity Investors IV, L.P.	Spectrum Equity	growth equity	2000	—	7.5%	1.30x	1.33x
Industry Ventures IV Arrowhead, L.P.	Industry Ventures	venture capital	2022	—	7.5%	—	1.14x
Apollo Accord Fund, LP	Apollo	direct lending	2017	—	7.4%	—	1.11x
McCarthy Capital Fund VII	McCarthy Capital	buyout	2020	—	7.4%	1.19x	0.02x
Joy Capital III, L.P.	Joy Capital	—	2019	—	7.4%	1.38x	0.00x
AG Net Lease Realty Fund III, L.P.	Angelo Gordon	real estate equity	2013	—	7.4%	1.54x	0.65x
Rockwood Income and Credit Partners LP	Rockwood	direct lending	2016	—	7.4%	1.32x	0.77x
Advent LatAm PE Fund VII SCSP	Advent International	buyout	2021	—	7.4%	1.19x	0.22x
Forest Investment Associates	Foresite Labs	venture capital	1992	—	7.4%	1.80x	1.76x
Latitude Management Real Estate Capital IV, Inc.	Latitude Management	real estate equity	2017	—	7.4%	1.41x	1.05x
Apollo European Principal Finance Fund II	Apollo	distressed debt	2013	—	7.4%	1.15x	1.15x
Northgate Private Equity Partners II LP	Northgate Capital	fund of funds	2005	—	7.4%	1.49x	1.47x
EnCap Energy Capital Fund IX PE	EnCap Energy Capital	natural resources	2012	—	7.4%	1.23x	0.78x
Aquiline Financial Services Fund	Aquiline Oregon Co‐	buyout	2005	—	7.4%	1.69x	1.38x
Cerberus Series Four Holdings	Cerberus	buyout	2007	—	7.4%	1.41x	1.41x
Code, Hennessy & Simmons III, L.P.	Code, Hennessy & Simmons	buyout	1997	—	7.4%	1.50x	1.46x
Colony Distressed Credit Fund II, L.P.	Colony Distressed	distressed debt	2003	—	7.4%	1.34x	1.31x
ESOF III Pte. Ltd.	ESOF	buyout	2001	—	7.4%	1.04x	0.00x
Global Infrastructure Partners Spectrum	GIP	infrastructure	2019	—	7.4%	1.14x	0.57x
Peak XV Partners India Growth III	Peak	venture capital	2020	—	7.4%	1.30x	0.00x
RCG Longview Debt Fund VI, L.P.	Rcg Longview	direct lending	2017	—	7.4%	1.25x	1.00x
RREEF Core Plus Residential Fund	Rreef	real estate equity	2024	—	7.4%	1.07x	0.01x
Solera Partners	Solera	buyout	2000	—	7.4%	1.56x	1.55x
Taurus Mining Fund	Taurus Mining	natural resources	2015	—	7.4%	—	1.21x
Yucaipa American Alliance Fund II, LP	Yucaipa American Alliance	buyout	2008	—	7.4%	1.66x	1.09x
California Emerging Ventures III, LLC	California Emerging	venture capital	2001	—	7.4%	1.40x	1.30x
Coller International Partners V	Coller Capital	buyout	2006	—	7.4%	1.36x	1.36x
Crayhill Principal Strategies Fund II, L.P.	Crayhill Capital Management	private credit	2021	—	7.4%	1.17x	0.50x
Fourth Cinven Fund	Cinven	buyout	2006	—	7.4%	1.44x	1.44x
Banneker Partners Fund II, L.P.	Banneker Partners	buyout	2018	—	7.4%	1.16x	0.07x
Ares Capital Europe II (D), L.P.	Ares	direct lending	2013	—	7.4%	1.37x	1.37x
CB Martello Feeder II, L.P.	CB Martello Feeder	fund of funds	2024	—	7.4%	1.07x	0.00x
Warburg Pincus Real Estate I, L.P.	Warburg Pincus	real estate equity	2006	—	7.4%	1.61x	1.61x
Invesco U.S Income Fund, L.P.	Invesco	—	—	—	7.4%	1.74x	0.08x
GIP Spectrum Fund, L.P.	Global Infrastructure Partners	buyout	—	—	7.3%	1.53x	0.94x
OCM Opportunities Fund VII, L.P.	Oaktree	special situations	2007	—	7.3%	1.40x	1.38x
Advent Latin American Private Equity Fund VII SCSp	Advent International	buyout	2021	—	7.3%	1.20x	0.22x
Odyssey Investment Partners Fund V, L.P.	Odyssey Investment Partners	buyout	2014	—	7.3%	1.52x	1.51x
KKR Diversified Core Infrastructure Fund L.P.	Kohlberg Kravis Roberts	infrastructure	2021	—	7.3%	1.18x	0.11x
KKR Global Infrastructure Investors IV (USD)	Kohlberg Kravis Roberts	infrastructure	2021	—	7.3%	1.20x	0.07x
Blackstone Real Estate Partners IX LP	The Blackstone Group	real estate equity	2019	—	7.3%	1.23x	0.40x
Georgian Partners Growth Fund V, L.P.	Georgian	growth equity	2020	—	7.3%	1.30x	0.10x
Halifax Capital Partners II	Halifax Group	buyout	2005	—	7.3%	1.32x	1.32x
Lighthouse Capital Partners VI	Lighthouse	venture capital	2007	—	7.3%	1.50x	1.38x
Bain Capital IX (Co-investment)	Bain Capital	co investment	2006	—	7.3%	1.48x	1.41x
Carlyle U.S. Growth Fund III, L.P.	Carlyle Group	growth equity	2006	—	7.3%	1.33x	1.32x
Halyard Capital Fund II, L.P.	Halyard	buyout	2007	—	7.3%	1.62x	1.47x
Oaktree Reof VII	Oaktree	real estate equity	2015	—	7.3%	1.27x	0.72x
OZ Domestic Partners II, LP	Oz Domestic	buyout	2007	—	7.3%	—	—
Asia Opportunity Fund II, L.P.	CVC Capital Partners	multi strategy	2005	—	7.3%	1.42x	1.42x
Canterbury Mezzanine Capital	Canterbury Mezzanine	mezzanine	1996	—	7.3%	1.28x	1.28x
MHR Institutional Partners IV	MHR Fund Management	buyout	2014	—	7.3%	1.47x	0.33x
Primavera Capital Fund II	Primavera Venture Management Limited	buyout	2015	—	7.3%	1.50x	0.53x
Olea Special Opportunities Offshore Fund I, L.P.	Olea Capital Partners	special situations	2019	—	7.3%	1.19x	1.19x
Owl Rock First Lien Fund	Owl Rock Capital	direct lending	2018	—	7.3%	—	—
New Mainstream Capital II	New Mainstream Capital	private equity	2014	—	7.3%	1.33x	0.98x
Tennenbaum Opportunities Partners VI, L.P.	BlackRock	distressed debt	2011	—	7.3%	—	2.02x
Catalyst Fund Limited Partnership II	Catalyst	buyout	2007	—	7.3%	—	2.50x
Sofinnova Venture Partners IX	Sofinnova Ventures	venture capital	2014	—	7.2%	1.47x	1.01x
CDH Fund IV, L.P.	CDH	buyout	2010	—	7.2%	1.40x	1.30x
Invesco Portfolio	Invesco	tactical	1996	—	7.2%	1.40x	1.40x
Australis Partners Fund, L.P.	Australis Partners	buyout	2016	—	7.2%	1.38x	0.45x
MCP Private Capital Fund II	Metric Capital Partners	direct lending	2014	—	7.2%	1.38x	0.79x
Rockwood Development Partners	Rockwood	real estate equity	2016	—	7.2%	1.50x	—
Blackstone Real Estate Partners X L.P.	The Blackstone Group	real estate equity	2022	—	7.2%	1.09x	0.12x
Grove Street Partners Ventures, L.P.	GroveStreet	buyout	2005	—	7.2%	1.56x	1.56x
GS Partners Ventures LLC	GroveStreet	buyout	2004	—	7.2%	1.56x	1.56x
Northwest Emerging Ventures	Grove Street	venture capital	2001	—	7.2%	1.48x	1.48x
EnCap Flatrock Midstream Fund III PE	EnCap Flatrock Midstream	natural resources	2014	—	7.2%	1.16x	0.48x
Brookfield Real Estate Finance Fund VI	Brookfield Asset Management	real estate equity	2021	—	7.2%	1.11x	0.67x
ASF VIII PA Co-Invest	ASF	infrastructure	2020	—	7.2%	1.20x	0.18x
Hayfin SOF II USD, L.P.	Hayfin	direct lending	2016	—	7.2%	1.37x	1.03x
Kelso VIII	Kelso	co investment	2007	—	7.2%	1.40x	1.44x
OHA European Strategic Credit Fund	OHA	direct lending	2011	—	7.2%	1.39x	1.39x
Trumbull Property Growth & Income Fund	TRUMBULL PROPERTY	real estate equity	2014	—	7.2%	1.71x	0.95x
BPF Trust 2000-2003	—	—	2000	—	7.2%	1.69x	1.68x
Crestview Partners, L.P.	Crestview Partners	buyout	2004	—	7.2%	1.60x	1.50x
Ares - Icof III	Ares	direct lending	—	—	7.2%	—	—
Ares Special Situations Fund IV, L.P.	Ares	special situations	2015	—	7.2%	—	1.53x
Golub Capital Pearls Direct Lending Program, L.P.	Golub Capital	direct lending	—	—	7.2%	1.81x	1.74x
Triton Fund IV, L.P.	TRITON FUNDS LLC	buyout	2013	—	7.2%	1.40x	1.39x
Menlo Ventures III, LP	Menlo	venture capital	1983	—	7.2%	1.60x	1.57x
Virtus Real Estate Enhanced Core, LP	Virtus Real Estate Capital	real estate equity	—	—	7.2%	1.29x	0.17x
Apax Europe IV-A, L.P.	Apax	buyout	1999	—	7.2%	1.30x	1.35x
Joseph Littlejohn Levy Fund II, L.P.	Littlejohn	buyout	1994	—	7.1%	1.50x	1.51x
Bregal Sagemount Credit Solutions L.P.	Bregal Sagemount	direct lending	—	—	7.1%	1.44x	0.79x
Goldman Sachs Private Middle Market Credit II LLC	Goldman Sachs	direct lending	2019	—	7.1%	1.20x	0.40x
Lindsay Goldberg & Bessemer II LP	Lindsay Goldberg	buyout	2006	—	7.1%	1.43x	1.43x
Lindsay Goldberg II, L.P.	Lindsay Goldberg	buyout	2006	—	7.1%	1.42x	1.42x
GS Capital Partners VI, L.P.	Goldman Sachs	buyout	2007	—	7.1%	1.31x	1.31x

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).