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
AllPrivate equityPrivate creditReal assetsOpportunistic
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
NYC Asset Investor #3NYC Asset Investor #real estate equity2013—4.8%1.24x0.18x
Pappas Life Science Ventures III, L.P.Pappas Life Science Venturesventure capital2005—4.8%1.39x1.39x
Crestview Capital Partners III, L.P.Crestview Partnersbuyout2013—4.8%1.15x0.55x
Clayton Dubilier Rice XI LPClayton Dubilier & Ricebuyout2021—4.8%1.14x0.03x
Tribe Capital Fund II, L.P.Tribe Capital Firstlookventure capital——4.8%1.21x—
MARLIN HERITAGE II, L.P.Marlin Equity Partners———4.8%1.43x0.77x
BPF Trust 1998-2001——1998—4.8%1.45x1.45x
Prologis Japan FundPrologisreal estate equity2005—4.7%1.30x1.30x
Partners Grp - Sec 2004PTNRS GRP - SEC 2004tactical——4.7%——
TRG Growth Partnership II, L.P.6The Rohatyn Groupgrowth equity2006—4.7%4.71x1.00x
PIMCO Aviation Income Partners II, L.P.PIMCO Europebuyout2024—4.7%0.80x0.00x
Gryphon Partners II, L.P.Gryphonbuyout1999—4.7%1.18x1.18x
Principal US Open-EndPrincipalreal estate equity——4.7%1.56x—
RREEF America IIRreefreal estate equity——4.7%1.40x0.29x
United States Power Fund IIIUnited States Powerinfrastructure2007—4.7%1.35x1.35x
Chartwell Capital Investors II LPChartwell Investmentsbuyout1998—4.7%1.34x1.34x
Orion Mine Finance Fund I-AOrion Resource Partnersnatural resources2014—4.7%2.07x1.44x
Oaktree Value Opportunities Fund, L.P.Oaktreemulti strategy2011—4.6%1.47x0.64x
Summit Partners Growth Equity Fund XI, L.P.Summit Partnersgrowth equity2021—4.6%1.08x0.02x
Threshold Ventures III, L.P.Threshold Venturesventure capital2019—4.6%1.18x0.00x
Darwin Venture Capital Fund of FundsDarwin Venture Capitalventure capital2004—4.6%1.32x1.32x
EQT Exeter Industrial Value Fund VI, LPEQTreal estate equity2022—4.6%1.05x—
Global Infrastructure Partners Spectrum ACGIPinfrastructure2019—4.6%1.05x0.25x
Hines US Property PartnersHines US Propertyreal estate equity2021—4.6%1.10x0.12x
Oaktree European Dislocation Fund (US) LPOaktreedistressed debt2013—4.6%1.05x1.05x
W Capital Partners III LPW Capital Partnersventure capital2012—4.6%1.20x0.95x
WLR Recovery Fund VWLR Recoveryturnaround2010—4.6%1.27x1.27x
Aurora Equity Partners IIAurora Capital Partnersbuyout1998—4.6%1.40x1.40x
Cube Infrastructure IICube Infrastructure Managersinfrastructure2018—4.6%1.26x0.15x
Pomona Capital VI (Combined), L.P.Pomona Capitalbuyout2012—4.6%1.31x1.27x
Taconic Opportunity Fund LPTaconic Capital Advisorsmulti strategy2011—4.6%——
New Enterprise Associates 17New Enterprise Associates (NEA)venture capital2019—4.5%1.17x0.16x
FOUNDRY GROUP NEXT 2018 LPFoundryventure capital——4.5%1.22x0.08x
Private Equity Partners Connecticut LPPrivatebuyout1997—4.5%1.20x1.20x
InterWest Partners IX, L.P.InterWestventure capital2004—4.5%1.32x1.32x
Ares - Special Sits IAresdirect lending——4.5%——
USPF III Institutional Fund, L.P.USPFbuyout2007—4.5%1.32x1.28x
Mayfield VMayfield Fundventure capital1984—4.5%1.30x1.30x
Spectrum Equity IX - A, L.P.Spectrum Equityventure capital2020—4.5%1.15x0.11x
Artemis Real Estate Partners Income & Growth Fund, L.P.Artemisreal estate equity2019—4.5%1.11x0.29x
Bain Capital Fund X Co-Invest, L.P.Bain Capitalco investment2007—4.5%1.27x0.58x
Summa Equity Fund III-No 1 ABSumma Equitybuyout2022—4.5%1.07x0.00x
Lombard Odier Private Equity Euro Choice IVLombardbuyout2009—4.5%1.11x0.09x
HBK Fund, L.P.HBKbuyout2009—4.5%——
Orchid Asia VIIIOrchid Asiabuyout2021—4.5%1.10x0.26x
RREEF America II Open-EndRreefreal estate equity——4.5%1.42x0.33x
Trilantic Capital Partners VI (North America)Trilanticbuyout2019—4.5%1.15x1.15x
UBS (US) Trumbull Property Fund, L.P.UBS (US) Trumbull Propertyreal estate equity2006—4.5%1.66x1.46x
Clearwater Capital Partners Fund II Holdings, L.P.Clearwater Capital Partnersbuyout2005—4.5%1.26x1.24x
Co-Investment Partners Europe, L.P.—co investment2007—4.5%1.26x1.25x
Harvest Partners IXOHarvestbuyout2021—4.5%1.10x0.09x
Pme Brook Capital Partnc'rs, L.P.—private equity2007—4.5%1.18x0.50x
Redpoint Ventures IIRedpoint Venturesventure capital2000—4.5%1.32x1.32x
Roark Capital Partners IV, L.P.Roarkbuyout2016—4.5%1.30x1.29x
Joy Capital Opportunity, LPJoy Capitalbuyout2019—4.5%1.28x0.00x
Redpoint Ventures II, L.PRedpoint Venturesventure capital2000—4.5%1.32x1.32x
BC European Capital VIII, L.P.BC Partnersbuyout2005—4.5%1.20x1.23x
Techstars Accelerator 2021, L.P.Techstars Accelerator 2024—2020—4.5%1.13x—
Sun Capital Partners IV, L.P. (Preferred)Sun Capital Partnersbuyout2010—4.5%2.00x2.00x
Access Capital L.P. II DAccess Capitalbuyout2002—4.4%1.21x1.21x
Crow Holdings Realty Partners IX, L.PCrow Holdingsreal estate equity2020—4.4%1.11x0.35x
Avista Capital Partners I, L.P.Avistabuyout2006—4.4%1.27x1.29x
DRA Growth & Income Fund VIII, LLCDRA Advisorsgrowth equity2013—4.4%1.16x1.07x
Luminate Capital Partners III, L.P.Luminatebuyout2021—4.4%1.10x—
Francisco Partners, L.P.Francisco Partnersbuyout2000—4.4%1.30x1.27x
BRV Lotus Fund III, L.P.BlueRun Venturesbuyout2022—4.4%1.12x0.06x
Craft Ventures Growth I, L.P.Craft Venturesventure capital2021—4.4%1.17x0.00x
Sycamore IISycamore Venturesbuyout2014—4.4%1.23x0.57x
Sycamore Partners IISycamorebuyout2014—4.4%1.21x0.62x
Castlelake I, L.P.Castlelake Pte. Ltd.buyout2007—4.4%1.36x1.25x
Luminate Capital Partners Fund IIILuminateprivate equity2021—4.4%1.11x0.00x
Avista Capital PartnersAvistabuyout2006—4.4%1.23x1.23x
Oaktree European Principal Fund III (US)Oaktreebuyout2011—4.4%1.28x1.12x
Pomona Capital VI LPPomona Capitalbuyout2005—4.4%1.29x1.29x
Venor Special Situations Fund II, L.P.Venor Capital Managementspecial situations2015—4.4%1.22x1.04x
CIM Urban REIT, LLCCIM Urban REITreal estate equity2006—4.4%1.43x1.41x
Capital Resource Lenders III, L.P.Capital Resource Partnersdirect lending1996—4.3%1.20x1.20x
Top Tier Venture Capital II LPTop Tier Capital Partnersventure capital2001—4.3%1.34x1.34x
Millennium Technology Value Partners II, L.P.Millenniumsecondaries2010—4.3%1.31x1.06x
Divco West Fund VIDivco Westreal estate equity2020—4.3%—0.03x
Snow Phipps GroupSnow Phippsbuyout2005—4.3%1.28x1.28x
The Varde Fund XI (C) LPThe Vardedirect lending2013—4.3%1.31x1.16x
Varde Fund XI, L.P.The Vardedistressed debt2014—4.3%1.32x1.19x
Paul Capital Top Tier Investments II, L.P.Paul Capital Partnersbuyout2012—4.3%1.34x1.34x
Project Pinnacle—buyout2020—4.3%1.09x1.09x
Psilos Group Partners IIIPsilos Groupventure capital2005—4.3%1.38x1.38x
Marathon Centre Street Partnership, L.P. - Asset Class - Subsequent CommitmentMarathondirect lending2020—4.3%1.14x0.89x
Value Enhancement Fund II—real estate equity1996—4.3%1.38x1.38x
Highland Crusader FundHighland Capital Partnersreal estate equity2003—4.3%1.27x1.22x
Intersouth Partners VI, L.P.Intersouthventure capital2003—4.3%1.47x1.25x
Leeds Equity Partners IVLeedsbuyout2003—4.3%1.31x1.31x
BDC IV LPBDCbuyout2021—4.3%1.04x—
Leeds Weld Equity Partners IV, L.P.Leeds Weldbuyout2003—4.2%1.31x0.00x
Terra Firma Deutsche Annington, L.P. (Core)Terra Firmareal estate equity2014—4.2%1.06x1.06x
Apax Europe VII-A, L.P.Apaxbuyout2007—4.2%1.20x1.23x
Versant Venture Capital II, L.PVersant Venturesventure capital2001—4.2%1.33x1.33x
Artemis IVArtemisreal estate equity2021—4.2%1.05x0.11x
Trident Capital Fund-VITridentbuyout2004—4.2%1.49x1.40x
Apax Europe VIIApaxbuyout2007—4.2%1.24x1.24x
Fenway Partners Capital Fund IIFenwaybuyout1998—4.2%1.16x1.16x

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).