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
H.I.G. Bayside Loan Fund II	H.I.G. Capital	growth equity	2010	—	7.1%	—	1.35x
BRIDGEPOINT DEVELOPMENT CAPITAL IV LP	Bridgepoint	growth equity	2020	—	7.1%	1.14x	0.32x
Covenant Apartment Fund XI	Covenant Apartment	real estate equity	2022	—	7.1%	1.53x	0.07x
Euro Choice II (Delaware) L.P.	Euro Choice	buyout	2004	—	7.1%	1.46x	1.46x
Montauk TriGuard Fund V	Montauk TriGuard	buyout	2011	—	7.1%	1.19x	1.19x
Prime Property Fund	Prime Property	real estate equity	2022	—	7.1%	2.13x	0.86x
Sankaty Managed Account (CalPERS), L.P.	Sankaty	tactical	2014	—	7.1%	1.22x	0.81x
Towerbrook Structured Opportunities Fund (Onshore), L.P.	TowerBrook	multi strategy	2016	—	7.1%	1.27x	0.85x
AIG Asian Infrastructure Fund II	AIG Global Investment Group	infrastructure	1998	—	7.1%	1.28x	1.28x
Clearlake Flagship Plus Partners, L.P.	Clearlake Capital Group	buyout	2021	—	7.1%	1.20x	0.34x
Essex Woodlands Health Ventures Fund IV	Essex Woodlands Healthcare Partners	venture capital	1998	—	7.1%	1.44x	1.31x
Florida Growth Fund I (Credit Tranche)	Florida Growth	growth equity	2014	—	7.1%	1.19x	1.08x
GGV Capital VI, L.P.	Notable Capital	venture capital	2016	—	7.1%	1.54x	0.64x
Harrison Street Social Infrastructure Fund, L.P.	Harrison Street Real Estate Capital	infrastructure	2021	—	7.1%	1.47x	0.22x
Realty Associates Fund XIII	TA Realty	real estate equity	2023	—	7.1%	1.09x	0.14x
Riverside Micro-Cap Fund IV	The Riverside Company	buyout	2015	—	7.1%	1.68x	0.28x
Special Situation Partners II LP	Special Situation	special situations	2006	—	7.1%	1.69x	1.38x
Blkrk Tcp - Dir Lend 9	BLKRK TCP - DIR LEND	direct lending	—	—	7.1%	—	—
Carolinas Capital, L.P.	Carolinas	multi strategy	1990	—	7.1%	1.54x	1.54x
INSTITUTIONAL VENTURE PARTNERS XIV, L.P.	IVP (Institutional Venture Partners)	—	—	—	7.1%	1.51x	1.22x
Sentinel Real Estate Fund (Closed)	Sentinel Real Estate Corporation	real estate equity	1985	—	7.1%	3.26x	3.26x
Brookfield Real Estate Finance Fund III, L.P.	Brookfield Asset Management	real estate equity	2011	—	7.0%	1.15x	1.15x
PineBridge Global Emerging Markets Partners, L.L.C	PineBridge Investments	buyout	1997	—	7.0%	1.30x	1.30x
FCO MA IV L.P. PE	FCO MA	buyout	2015	—	7.0%	1.30x	0.99x
Blue Owl First Lien Fund	Blue Owl Capital	direct lending	2018	—	7.0%	—	—
Whitney Global Partners L.P.	J.H. Whitney	buyout	2021	—	7.0%	1.16x	0.00x
General Atlantic Managed Account	General Atlantic	fund of funds	2020	—	7.0%	1.21x	0.10x
Vista Foundation Fund IV	Vista Equity Partners	buyout	2020	—	7.0%	1.13x	0.00x
Northgate Private Equity Partners III LP	Northgate Capital	fund of funds	2006	—	7.0%	1.54x	1.48x
PIMCO Tactical Opp	PIMCO Europe	tactical	2018	—	7.0%	1.44x	1.25x
Alta II	Altaris	buyout	1982	—	7.0%	1.77x	1.77x
Avenue Energy Opportunities Fund, L.P.	Avenue	natural resources	2014	—	7.0%	1.61x	1.49x
BC European Capital X	BC Partners	co investment	2017	—	7.0%	1.41x	1.41x
Fenway Partners Capital Fund III	Fenway	buyout	2006	—	7.0%	1.49x	1.49x
Gores Capital Partners II LP	Gores	buyout	2007	—	7.0%	1.28x	1.28x
Crescent Cove Capital IV, LP	CRESCENT COVE CAPITAL	buyout	2023	—	7.0%	1.12x	0.02x
Greenbriar V	Greenbriar Equity Group	buyout	2020	—	7.0%	1.22x	0.09x
Harrison Street Core Property Fund, L.P.	Harrison Street Real Estate Capital	real estate equity	2012	—	7.0%	1.87x	0.67x
NYLIM Mezzanine Partners II (Parallel Fund) LP	New York Life	mezzanine	2006	—	7.0%	1.27x	1.27x
PAI Europe V LP	PAI Partners	buyout	2008	—	7.0%	1.30x	1.30x
Tennenbaum Direct Lending VIII AC	Tennenbaum Opportunities	direct lending	2017	—	7.0%	1.18x	0.38x
Thomas H. Lee Equity Fund VI LP	Thomas H. Lee Partners	buyout	2006	—	7.0%	1.38x	1.38x
Vestar Capital Partners VII, L.P.	Vestar Capital Partners	buyout	2018	—	7.0%	1.24x	0.59x
Vine Media Opportunities Fund IV, L.P.	Vine	multi strategy	2004	—	7.0%	1.09x	0.81x
AG Capital Recovery Partners VI, L.P.	Angelo Gordon	real estate equity	2008	—	7.0%	1.38x	1.38x
AG Private Equity Partners IV, L.P.	Angelo Gordon	buyout	2008	—	7.0%	1.47x	0.83x
LBA NC Core Industrial LP	Lba Realty	real estate equity	2021	—	7.0%	1.16x	—
BentallGreenOak US Core Plus Fund LP	BentallGreenOak	real estate equity	—	—	7.0%	1.29x	—
Connecticut Growth Capital, LLC	Connecticut	growth equity	2016	—	7.0%	1.20x	1.10x
H.I.G. Strategic Partners Fund, L.P. OPPM	H.I.G. Capital	growth equity	—	—	6.9%	1.18x	0.42x
H.I.G. Strategic Partners Fund, L.P. PD	H.I.G. Capital	growth equity	—	—	6.9%	1.18x	0.42x
BR/ERB Tactical Opportunities - Sandia Series, L.P.	BR Capital	tactical	2021	—	6.9%	1.19x	0.00x
NorthRock Fund II, L.P. - Core	Northrock Capital	real estate equity	2016	—	6.9%	1.31x	1.31x
Fairview Constitution II, L.P.	Fairview Capital Partners	buyout	2005	—	6.9%	1.60x	1.50x
Pantheon Asia V	Pantheon Ventures	secondaries	2006	—	6.9%	1.46x	1.43x
Lexington Capital Partners VI	Lexington Partners	secondaries	2005	—	6.9%	1.40x	1.39x
Lexington Capital Partners VI-B LP	Lexington Partners	secondaries	2005	—	6.9%	1.39x	1.39x
H.I.G. Bayside Loan Ops Fund III (Europe)	H.I.G. Capital	growth equity	2012	—	6.9%	1.29x	1.16x
PIMCO BRAVO II	PIMCO Europe	fund of funds	2013	—	6.9%	1.35x	1.29x
EnCap Energy Capital Fund X PE	EnCap Energy Capital	natural resources	2015	—	6.9%	1.23x	0.36x
Arsenal Capital Partners V LP	Arsenal	buyout	2019	—	6.9%	1.36x	0.32x
Almanac Realty Securities VI	Almanac Realty Securities	real estate equity	2012	—	6.9%	1.24x	1.11x
Heitman RE Trust	Heitman	real estate equity	—	—	6.9%	1.81x	0.57x
Vistria Fund III	Vistria	buyout	2020	—	6.9%	1.29x	1.29x
WLR Recovery Fund IV	WLR Recovery	turnaround	2007	—	6.9%	1.31x	1.31x
AnaCap Credit Opportunities III, L.P.	AnaCap Financial Partners	multi strategy	2015	—	6.9%	1.14x	1.08x
Asia Alternatives FL Investor II LP	Asia Alternatives Management	buyout	2017	—	6.9%	1.32x	0.31x
Darwin Venture Fund of Funds	Darwin Venture Capital	fund of funds	2003	—	6.9%	1.58x	0.75x
Paine & Partners Capital Fund III, L.P	Paine & Partners	buyout	2006	—	6.9%	1.32x	1.32x
Providence Equity Global Group LLC	Providence	fund of funds	2012	—	6.9%	1.68x	0.97x
Owl Rock Technology Finance Corp	Owl Rock Capital	direct lending	2018	—	6.9%	—	—
American Realty Advisors	American	real estate equity	1996	—	6.9%	2.18x	2.18x
OrbiMed Private Investments VIII, L.P.	OrbiMed	venture capital	2020	—	6.9%	1.19x	0.30x
Lincolnshire Equity Fund IV, L.P.	Lincolnshire	buyout	2009	—	6.9%	1.38x	1.26x
Lincolnshire Equity Fund IV	Lincolnshire	private equity	2009	—	6.9%	1.38x	1.26x
TPG Real Estate Partners IV	TPG	real estate equity	2022	—	6.9%	1.09x	0.01x
Onex Partners IV, L.P.	Onex Corporation	buyout	2014	—	6.9%	1.40x	1.07x
Frazier Healthcare II, L.P.	Frazier Healthcare Partners	buyout	1996	—	6.9%	1.50x	1.46x
Fisher Lynch Co-Investment Partnership, L.P.	Fisher Lynch Capital	co investment	2006	—	6.9%	1.50x	1.47x
Quadrangle Capital Partners II	Quadrangle Group	buyout	2005	—	6.9%	1.51x	1.51x
Riverside Strategic Capital Fund I, L.P.	The Riverside Company	fund of funds	2016	—	6.9%	1.29x	0.61x
Austin Ventures VIII, L.P.	Austin	venture capital	2001	—	6.8%	1.65x	1.65x
North Haven Real Estate Fund V International	Morgan Stanley	real estate equity	2005	—	6.8%	1.22x	1.22x
D.E. Shaw Diopter Fund II	D.E. Shaw	direct lending	2024	—	6.8%	—	—
Platform Ventures Real Estate Strategies V, LLC	Platform Ventures	real estate equity	—	—	6.8%	1.23x	0.18x
Sentinel Real Estate Fund	Sentinel Real Estate Corporation	real estate equity	1985	—	6.8%	3.26x	2.75x
Activate Capital Partners II, LP	ACTIVATE CAPITAL PARTNERS	buyout	2021	—	6.8%	1.25x	0.13x
Crescent CRPTF Multi-Strat L.P.	Crescent Crptf Multi-Strat L.P	buyout	2022	—	6.8%	1.20x	0.10x
EQT X (No.2) USD SCSp	EQT	co investment	2022	—	6.8%	1.06x	0.07x
Pantheon Venture Partners II LP	Pantheon Ventures	venture capital	2004	—	6.8%	1.52x	1.52x
NYCRS-KKR CMBS Retention Partners	Kohlberg Kravis Roberts	real estate debt	2017	—	6.8%	1.21x	0.29x
Granite Global Ventures II, L.P. Venture Capital	Granite Ventures	venture capital	2004	—	6.8%	1.70x	1.41x
Apollo Investment Fund IV	Apollo	buyout	1998	—	6.8%	1.52x	1.52x
Bain Capital Fund XIII, L.P.	Bain Capital	co investment	2020	—	6.8%	1.13x	0.16x
Elda River Zilker AV1 LLC	Elda River	buyout	—	—	6.8%	1.18x	—
Gilde Buy-Out Fund VI	Gilde Buy-Out	buyout	2019	—	6.8%	1.20x	0.25x
Legg Mason Real Estate Capital II	Legg Mason	real estate equity	2005	—	6.8%	1.50x	1.50x
Lindsay, Goldberg & Bessemer III, L.P.	Lindsay Goldberg	buyout	2008	—	6.8%	1.18x	1.18x
OCM Opportunities Fund VIIIb, L.P.	Oaktree	special situations	2001	—	6.8%	1.46x	1.09x
TCW Commingled Debt and Royalty Fund IV	TCW Commingled Debt and Royalty	direct lending	1992	—	6.8%	1.10x	1.13x

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).