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
Project Gummy—distressed debt2021—-31.1%0.25x0.25x
Yellowstone CapitalYellowstonemulti strategy2008—-31.3%0.30x0.29x
Rockport Capital Partners IIIRockPort Capital Partnersventure capital2008—-31.3%0.43x0.43x
MidOcean Partners VI, L.P.MidOceanbuyout2021—-31.8%0.71x0.00x
Hearthstone NampaHearthstone Nampamulti strategy2006—-31.9%0.20x0.22x
Alcion Real Estate Partners Fund III-B, L.P.Alcionreal estate equity——-32.5%0.30x0.25x
Craton Equity Investors ICratonbuyout2006—-32.7%1.70x0.98x
BGH Capital Fund IIBGHreal estate equity2024—-32.8%0.70x—
Keystone Venture V, L.P.Keystoneventure capital1998—-33.5%0.10x0.10x
Project Statue—buyout2015—-34.1%0.04x0.04x
TTCP Growth SMA ITTCPgrowth equity2022—-34.2%0.71x0.00x
Carlyle/Riverstone Renewable Energy Infrastructure Fund ICarlyle Groupinfrastructure2006—-34.5%0.13x0.13x
Project IPM—buyout2010—-34.7%0.48x0.48x
Affinity Ventures IV, L.P.Affinity Equity Partnersventure capital2004—-34.9%0.39x0.39x
Clearlake Capital Partners VIIIClearlake Capital Groupbuyout2023—-35.4%0.75x0.00x
Invesco High Yield Debt Fund I, L.P.Invescoreal estate debt2007—-35.6%0.43x0.43x
Syndicated Communications Venture Partners V, L.P.Syndicated Communicationsventure capital2006—-35.8%0.00x0.00x
Syndicated Communications Vent. Part. VSyndicated Communicationsventure capital2007—-35.8%0.04x0.04x
Longworth Venture Partners II, L.P.Longworth Venture Partnersventure capital2001—-36.1%0.56x0.56x
OpCapita Consumer Opportunities Fund III LPOpCapitamulti strategy2019—-37.4%0.45x0.00x
Hearthstone Dry CreekHearthstone Dry Creekmulti strategy2005—-38.8%0.20x0.17x
Project Board—buyout2022—-39.1%0.33x0.00x
LaSalle Value Partners US IX BLaSallereal estate equity2025—-39.3%0.61x0.00x
Clarion Four LeafClarion Partnersmulti strategy2005—-39.7%0.20x0.22x
Rubik Fund LtdRubiktactical2014—-40.0%0.39x—
EQMC Europe Development Capital Fund plcEQMC Europe Developmentbuyout2020—-40.0%0.86x—
Edgewater VEdgewater Fundstactical2023—-40.2%0.63x0.01x
Telecom Partners III, L.P.Telecom Partnersbuyout1999—-40.6%0.10x0.11x
H.I.G. Matrix Co-InvestorsH.I.G. Capitalgrowth equity2022—-40.6%0.20x—
Zesiger Capital Group LLCZesigertactical1996—-40.7%0.85x0.85x
PSP Maverick Co-InvestPSP Maverick Co-Investco investment2019—-41.1%—0.07x
NGEN II, L.P.NGEN Partnerstactical2005—-41.7%0.09x0.07x
KBA Partners II, L.P.KBAbuyout1989—-42.1%0.00x0.04x
ILS Property & Casualty Fund II, L.P.ILS Property & Casualtyreal estate equity2009—-42.5%0.27x0.27x
European Private Equity Opportunities II LPEuropean Mezzaninemulti strategy2010—-42.5%0.74x0.02x
Eclipse Fund VEclipsebuyout2024—-42.6%0.96x0.03x
H.I.G. Technology Partners AH.I.G. Capitalgrowth equity2022—-45.8%0.20x0.02x
Perseus Partners VIIPerseusbuyout2006—-46.1%0.25x0.25x
NGEN Partners IINGEN Partnersfund of funds2005—-49.0%0.98x0.88x
American River Ventures I, LPAmerican River Venturesventure capital2001—-50.5%0.06x0.06x
Vitruvian Investment Partnership I (Side Car)Vitruvian Partnersbuyout2007—-50.9%0.39x0.39x
Project Suzy—buyout2015—-51.5%0.51x0.51x
Summit Partners Europe Growth Equity Fund IV, SCSpSummit Partnersgrowth equity2024—-55.3%0.77x—
Co-Investment #1—co investment2017—-60.0%—0.40x
Lone Star Opportunities Fund V, LPLone Star Japan Acquisitionsmulti strategy2012—-61.3%0.26x0.01x
Project Pangea—buyout2015—-64.1%0.26x0.26x
Siris Co-InvestmentSirisbuyout2015—-64.5%0.26x0.26x
Medica III Investments (International)Medica Venture Partners—2004—-66.8%0.42x0.42x
Interactions CorporationInteractions Corporationtactical2022—-67.1%0.02x—
Candover 2008 Fund, L.P.Candoverbuyout2009—-70.5%0.10x0.10x
Golden Driller LPGolden Driller LPtactical2014—-73.1%0.36x0.36x
AEW Creative HoldingsAEWmulti strategy2007—-75.3%0.00x0.00x
Southvest Partners VIISouthvestbuyout2016—-78.4%0.50x0.25x
Accel-KKR Capital Partners VII, L.P.Accel-KKRbuyout2023—-83.9%0.49x0.00x
Co-Investment #3—co investment2021—-86.7%——
ITU Ventures IIIITU Venturesventure capital2006—-92.4%0.01x0.01x
Mercato Co-InvestmentMercato Partnersco investment2013—-92.9%0.08x0.08x
Perseus Work FlowPerseusbuyout2011—-96.9%0.00x0.00x
KKR North America Fund XI (Platinum)Kohlberg Kravis Robertsbuyout2016—-98.0%—0.29x
Emerald Infrastructure Development FundEmeraldinfrastructure2008—-99.4%0.01x0.01x
KKR Enterprise Co-InvestKohlberg Kravis Robertsco investment2018—-100.0%——
Liberty Partners Group II, L.P.Libertybuyout2008—-100.0%0.00x0.00x
WPEF VI Overflow Feeder LPWaterlandbuyout2015—-100.0%0.00x0.00x
Wawona Co-Investment Fund IWawona Coco investment2017—-100.0%——
LCC Co-Investor BLCC Co-Investor Btactical2019—-100.0%——
Waterland Private Equity VI Overflow Feeder Fund L.P.Waterlandbuyout2004—-100.0%0.00x0.00x
Accel EuropeAccelgrowth equity2001——1.31x0.03x
Balderton Capital Growth II, S.L.P.Balderton Capitalgrowth equity2024——0.96x0.00x
Balderton Capital IX, S.L.P.Balderton Capitalventure capital2024——0.88x0.00x
Battery Ventures XIIIBattery Venturesventure capital2020——1.42x0.15x
Battery Ventures XIV, L.P.Battery Venturesventure capital2022——1.03x0.00x
Bessemer Valley ForgeBessemer Venture Partnersbuyout2022——1.11x—
Bessemer Venture Partners XII Institutional FundBessemer Venture Partnersventure capital2022——0.90x0.00x
BVP Forge Institutional L.P.Bessemer Venture Partnersventure capital2023——1.17x0.00x
Canaan Gold Coast L.P.Canaan Partnersventure capital2023——1.03x0.00x
Canaan XIII Healthcare Fund L.P.Canaan Partnersventure capital2024——0.59x0.00x
Canaan XIII L.P.Canaan Partnersventure capital2024——0.90x0.01x
Drive Capital Overdrive Fund IIDrive Capitalventure capital2022——1.22x0.19x
Edison Partners XI, L.P.Edison Partnersbuyout2024——2.55x0.00x
General Catalyst ‐ Early VentureGeneral Catalystventure capital2020——1.09x—
General Catalyst ‐ Early Venture PEGeneral Catalystventure capital2020——1.77x—
General Catalyst ‐ EnduranceGeneral Catalystventure capital2020——1.67x—
General Catalyst ‐ Endurance PEGeneral Catalystventure capital2020——1.45x—
General Catalyst ‐ Growth VentureGeneral Catalystventure capital2020——1.85x—
General Catalyst ‐ Growth Venture PEGeneral Catalystventure capital2020——1.80x—
General Catalyst Excelsior Fund, L.P.General Catalystventure capital2024——1.00x0.00x
General Catalyst Group ‐ Growth VentureGeneral Catalystventure capital2020——1.37x—
General Catalyst Group XI - Creation LPGeneral Catalystventure capital2021——1.65x0.00x
General Catalyst Group XI - Endurance LPGeneral Catalystventure capital2021——1.29x0.00x
General Catalyst Group XI - Health Assurance, L.P.General Catalystventure capital2023——1.18x0.00x
General Catalyst Group XI - Ignition LPGeneral Catalystventure capital2021——1.57x0.00x
General Catalyst Group XII - CreationGeneral Catalystventure capital2024——1.54x0.00x
General Catalyst Group XII - EnduranceGeneral Catalystventure capital2024——1.20x0.00x
General Catalyst Group XII - IgnitionGeneral Catalystventure capital2023——1.18x0.00x
General Catalyst Group XII Health Assurance, L.P.General Catalystventure capital2024——0.95x0.00x
GENERAL CATALYST XIIGeneral Catalystventure capital———1.06x0.00x
General Catalyst XII - CreationGeneral Catalystventure capital2024——1.54x—
General Catalyst XII - EnduranceGeneral Catalystventure capital2024——1.20x—
General Catalyst XII - Health AssuranceGeneral Catalystventure capital2024——0.95x—
General Catalyst XII - IgnitionGeneral Catalystventure capital2024——1.18x—

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).