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
Crescendo Ventures IV	Crescendo Ventures	venture capital	2000	—	-4.6%	0.57x	0.56x
JP Morgan Alternative Property Fund	J.P. Morgan Asset Management	real estate equity	2006	—	-4.6%	0.70x	0.74x
Project Sparrow	—	buyout	2017	—	-4.6%	0.90x	0.75x
Stonelake Opportunity Partners VII	Stonelake Capital Partners	buyout	2022	—	-4.6%	0.95x	—
TSG9 L.P.	TSG	buyout	2023	—	-4.6%	0.94x	0.06x
Kline Hawkes Pacific, L.P.	Kline Hawkes Pacific, L.P	buyout	2000	—	-4.8%	0.68x	0.68x
Domain Partners VI, L.P.	Domain Partners	private equity	2003	—	-4.8%	0.81x	0.81x
Arbour Lane Credit Opportunity Fund IV, L.P.	Arbour Lane Capital Management	multi strategy	2024	—	-4.9%	0.95x	0.00x
Artemis Real Estate Partners Fund IV, L.P.	Artemis	real estate equity	2021	—	-4.9%	0.96x	0.00x
Blackrock Granite Property Fund	BlackRock	real estate equity	2006	—	-4.9%	—	0.78x
Cerberus CAL III Partners, L.P.	Cerberus	buyout	2019	—	-4.9%	0.84x	0.09x
Guggenheim Structured Real Estate III, L.P.	Guggenheim Partners	real estate debt	2008	—	-5.0%	0.82x	0.82x
CVC Capital Partners Asia Pacific II	CVC Capital Partners	buyout	2005	—	-5.0%	0.79x	0.79x
NB New York City Growth Fund IA	Neuberger Berman	growth equity	2008	—	-5.0%	0.67x	0.67x
Rustic Canyon/Fontis Partners	Rustic Canyon Partners	tactical	2005	—	-5.0%	1.54x	1.54x
Next Coast Ventures II, L.P.	Next Coast Ventures	private equity	2019	—	-5.0%	0.79x	0.01x
Venture Strategy Partners II, L.P	Venture Strategy Partners	venture capital	1998	—	-5.1%	0.71x	0.71x
Montefiore Investment VI S.L.P.	Monteflore Investment	growth equity	2023	—	-5.1%	0.95x	0.00x
Century Park Capital Partners II	Century Park Capital Partners	buyout	2005	—	-5.1%	0.83x	0.83x
Clearwater Capital Partners Fund I, L.P.	Clearwater Capital Partners	buyout	2007	—	-5.1%	0.85x	0.85x
Stride Consumer Fund LP	Stride Consumer Partners	buyout	2021	—	-5.1%	0.95x	0.00x
Venture Strategy Partners II	Venture Strategy Partners	venture capital	2000	—	-5.1%	0.71x	0.71x
VSS Communications Partners IV	Veronis Suhler Stevenson	buyout	2005	—	-5.1%	0.74x	0.74x
Hony Capital Fund 2008, L.P.	Hony	buyout	2008	—	-5.1%	0.68x	0.59x
STG Allegro Fund, L.P.	Stg	buyout	2021	—	-5.1%	0.95x	—
Invesco RE US VI	Invesco	real estate equity	2022	—	-5.2%	0.89x	0.00x
Highbridge SPAC Opportunity Fund, L.P.	Highbridge	multi strategy	2003	—	-5.2%	—	—
Greystar Equity Partners XI, L.P.	Greystar Equity	real estate equity	2023	—	-5.3%	0.94x	0.09x
Monroe Capital Opportunistic II Private Credit (Delaware) Feeder Fund LP	Monroe	direct lending	2024	—	-5.3%	0.96x	0.02x
Bain Capital Real Estate II	Bain Capital Real Estate	real estate equity	2021	—	-5.3%	0.88x	0.11x
Vertical Venture Partners III	Vertical	venture capital	2021	—	-5.3%	0.88x	0.00x
Bain Capital Real Estate Fund III	Bain Capital Real Estate	real estate equity	2023	—	-5.4%	0.93x	0.00x
Barings Asia Real Estate II	Barings	real estate equity	2018	—	-5.4%	0.86x	0.13x
Vine Media Opportunities - Fund III, L.P.	Vine	multi strategy	2008	—	-5.4%	0.73x	0.46x
Crescendo World Fund, LLC	Crescendo World	buyout	1997	—	-5.5%	0.80x	0.80x
StarVest Partners II (Parallel), L.P.	StarVest Partners	venture capital	2007	—	-5.5%	0.64x	0.60x
Exxel Capital Partners VI	Exxel	buyout	2000	—	-5.5%	0.50x	0.29x
Arbor Investments V LP	Arbor Investments	buyout	2021	—	-5.5%	0.84x	0.01x
LaSalle Income & Growth Fund IV, L.P.	LaSalle	real estate equity	2005	—	-5.5%	0.69x	0.69x
TSG 9	TSG	buyout	2021	—	-5.6%	0.94x	0.05x
Intersouth Partners V, L.P.	—	private equity	2000	—	-5.6%	0.67x	0.67x
Merit Energy Partners H	Merit Energy Company	natural resources	2011	—	-5.6%	0.63x	0.38x
Whitehorse Liquidity Partners VI, LP	Whitehorse Liquidity Partners	direct lending	2024	—	-5.6%	0.98x	0.11x
Abacus Multi-Family Partners VI LP	Abacus Capital Group	real estate equity	—	—	-5.6%	0.93x	0.00x
Aldrich Capital Partners Fund II, LP	Aldrich	co investment	2022	—	-5.6%	0.90x	0.00x
Vitruvian Investment Partnership I	Vitruvian Partners	buyout	2007	—	-5.7%	0.85x	0.85x
Tillridge Global Agribusiness Partners II	Tillridge Global Agribusiness	buyout	2016	—	-5.7%	0.79x	0.15x
BankCap Partners Opportunity Fund, LP	BankCap Partners	multi strategy	2003	—	-5.7%	0.90x	0.93x
SCP Private Equity Partners II, L.P.	SCP Private Equity Partners	buyout	2000	—	-5.7%	0.47x	0.47x
Avenue Real Estate Fund (Parallel) L.P.	Avenue	real estate equity	2006	—	-5.8%	0.51x	0.45x
Mobius Technology Ventures VI, L.P.	Mobius Venture Capital	venture capital	2000	—	-5.8%	0.60x	0.60x
Washington & Congress Capital Partners, LP	Washington & Congress	buyout	1998	—	-5.9%	0.80x	0.80x
KKR Global Impact Fund II SCSp	Kohlberg Kravis Roberts	buyout	2023	—	-5.9%	0.90x	0.00x
KRG Capital Partners III	KRG	buyout	2005	—	-5.9%	0.77x	0.38x
Cabot Industrial Value Fund VII, L.P.	Cabot Properties	real estate equity	2022	—	-5.9%	0.94x	0.01x
LightBay Investment Partners II LP	LightBay Capital	buyout	2022	—	-6.0%	0.94x	0.00x
Thoma Bravo Growth I	Thoma Bravo	growth equity	2021	—	-6.0%	0.83x	0.04x
Cerberus Institutional Real Estate Partners VI	Cerberus	real estate equity	2024	—	-6.0%	0.96x	0.32x
AIG Asian Infrastructure Fund	AIG Global Investment Group	infrastructure	1994	—	-6.0%	0.74x	0.74x
ARES European Loan Opportunities Fund	Ares	direct lending	2015	—	-6.0%	—	0.90x
New Enterprise Associates 9, L.P.	New Enterprise Associates (NEA)	venture capital	1999	—	-6.1%	0.46x	0.46x
InstarAGF Essential Infrastructure II (Co-Invest-USD) LP	InstarAGF Asset Management	infrastructure	—	—	-6.1%	0.75x	—
Highbridge SPAC Opportunity Fund (Delaware) LP	Highbridge	multi strategy	2021	—	-6.1%	0.91x	0.90x
Sequoia Capital IX	Sequoia Capital	venture capital	1999	—	-6.1%	0.86x	0.60x
Bear Technology Fund, L.P.	Bear Technology	venture capital	2021	—	-6.2%	0.85x	0.00x
Oak Investment Partners IX, L.P.	Oak Investment Partners	buyout	1999	—	-6.3%	0.70x	0.66x
SCP Private Equity Partners I, L.P.	SCP Private Equity Partners	buyout	1997	—	-6.3%	0.70x	0.70x
Z Capital Credit Tactical Co-Invest Fund-A, L.P.	—	tactical	2016	—	-6.3%	0.72x	0.37x
Kodiak Venture Partners III, L.P	Kodiak	venture capital	2004	—	-6.5%	0.72x	0.72x
Brookfield Brazil Agriland	Brookfield Asset Management	natural resources	2011	—	-6.5%	0.58x	0.58x
KSL Capital Partners Fund VI	KSL	buyout	2023	—	-6.5%	0.78x	0.00x
KSL Capital Partners VI	KSL	buyout	2022	—	-6.5%	0.68x	—
Prism Venture Partners IV	Prism	venture capital	2001	—	-6.5%	0.73x	0.73x
Rockwood Capital RE Partners X, L.P.	Rockwood	real estate equity	2015	—	-6.5%	0.79x	0.58x
Strategic Partners III RE, L.P.	Strategic	secondaries	2005	—	-6.5%	0.59x	0.59x
Kodiak Venture Partners III	Kodiak	venture capital	2004	—	-6.5%	0.72x	0.72x
Meridiam Infrastructure Europe III SLP IN	Meridiam	infrastructure	2016	—	-6.5%	0.90x	0.20x
Stockbridge Real Estate Fund II, LP	Stockbridge Capital Group	real estate equity	2005	—	-6.5%	0.48x	0.46x
The Energy & Minerals Group Fund III LP	The Energy & Minerals Group	natural resources	2014	—	-6.5%	0.57x	0.22x
Warburg Pincus Energy (Private Equity)	Warburg Pincus	private equity	2014	—	-6.5%	0.85x	0.21x
Rosetta Capital IV, L.P.	Rosetta Capital Ltd.	venture capital	2006	—	-6.6%	0.61x	0.61x
Liberty Partners Pool VI	Liberty	buyout	2002	—	-6.6%	0.86x	0.86x
Lion Capital Fund III	Lion Capital	buyout	2010	—	-6.6%	0.74x	0.73x
Oxford Bioscience Partners IV	Oxford Bioscience Partners	private equity	2001	—	-6.6%	0.71x	0.71x
Cap. Partners VI, L.P.	Cap. Partners	—	2022	—	-6.6%	0.95x	0.00x
Oxford Bioscience Partners IV, L.P	Oxford Bioscience Partners	private equity	2001	—	-6.6%	0.71x	0.71x
BCI Growth IV	BCI	growth equity	1996	—	-6.7%	0.67x	0.67x
Ngen III	NGEN Partners	tactical	2008	—	-6.8%	0.61x	0.59x
InterWest Partners VIII, L.P. Venture Capital	InterWest	venture capital	2000	—	-6.8%	0.58x	0.57x
Liberty Partners Pool VII*	Liberty	buyout	2005	—	-6.8%	0.85x	0.84x
Energy & Minerals Group Fund III LP	The Energy & Minerals Group	infrastructure	2014	—	-6.8%	0.59x	0.20x
Highway 12 Venture Fund, L.P.	Highway 12 Ventures	venture capital	2001	—	-6.8%	0.64x	0.64x
Mesirow Capital Partners Co-Invest IX	Mesirow	buyout	2005	—	-6.9%	0.55x	0.55x
Rockwood Capital Real Estate Partners Fund VII, L.P.	Rockwood	real estate equity	2006	—	-6.9%	0.56x	0.56x
Rockwood Capital Real Estate Partners X, L.P.	Rockwood	real estate equity	2015	—	-6.9%	0.78x	0.58x
InterWest Partners VIII, L.P	—	venture capital	2000	—	-7.0%	0.62x	0.62x
StarVest Partners II	StarVest Partners	venture capital	2007	—	-7.0%	1.34x	1.34x
Atria Private Equity Fund III FC PR	Atria Private	buyout	2006	—	-7.0%	0.63x	0.63x
InterWest Partners VIII	—	venture capital	2000	—	-7.0%	0.62x	0.62x
Merit Energy Partners F-II, L.P.	Merit Energy Company	natural resources	2006	—	-7.0%	0.62x	0.62x

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).