/Fund performance

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.

7,717 fundsas of December 2025
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Insight Partners Fund XIIIInsight Partnersgrowth equity2024——1.10x0.00x
Insight Partners Opportunities Fund I, L.P.Insight Partnersgrowth equity2021——1.35x0.16x
Insight Partners Opportunities Fund II, L.P.Insight Partnersgrowth equity2024——1.07x0.01x
Insight Partners XIII Growth Buyout Fund, L.P.Insight Partnersbuyout2024——1.04x0.00x
Insight Venture Partners X Follow-On Fund, LPInsight Partnersventure capital2021——0.97x0.05x
Key Capital Partners Fund IKey Capitalbuyout———1.41x1.41x
Key Capital Partners Fund IIKey Capitalbuyout———0.10x0.10x
Key Capital Partners Fund IIIKey Capitalbuyout———2.47x2.47x
Key Capital Partners Fund IVKey Capitalbuyout———0.78x0.78x
Key Capital Partners Fund VKey Capitalbuyout———3.22x3.22x
Key Capital Partners Fund VIKey Capitalbuyout———0.51x0.51x
Key Capital Partners Fund VIIKey Capitalbuyout———2.60x2.56x
Key Capital Partners Fund VIIIKey Capitalbuyout———1.92x1.50x
Key Capital Partners FundIKey Capitalbuyout———1.43x1.10x
Key Capital Partners FundIVKey Capitalbuyout———0.84x0.20x
Key Capital Partners IXKey Capitalbuyout———1.09x0.16x
Khosla Ventures Excelsior, LPKhosla Venturesventure capital2023——1.13x0.00x
Lightspeed Opportunity Fund III, L.P.Lightspeed Venture Partnersmulti strategy2025——1.50x—
Lightspeed SPV-ALightspeed Venture Partnersventure capital2025——2.50x—
Lightspeed SPV-A 2Lightspeed Venture Partnersventure capital2025——1.00x—
Lightspeed Venture Partners Select V, L.P. 2022Lightspeed Venture Partnersventure capital———0.00x—
Lightspeed Venture Partners Select VI, L.P.Lightspeed Venture Partnersventure capital2025——1.60x—
Lightspeed Venture Partners XV-A (Inception), L.P.Lightspeed Venture Partnersventure capital2025——0.90x—
Lightspeed Venture Partners XV-B (Ignite), L.P.Lightspeed Venture Partnersventure capital2025——1.00x—
Mayfield XVIIMayfield Fundventure capital2023——1.22x0.00x
Mayfield XVII, a Delaware Limited PartnershipMayfield Fundventure capital2024——1.05x0.00x
Odyssey Investment Partners Fund V, L.P. Private EquityOdyssey Investment Partnersbuyout2013——1.30x1.30x
Pantheon Asia Fund VIPantheon Venturesfund of funds———1.68x1.25x
Pantheon Global Infrastructure Fund 'A'Pantheon Venturesinfrastructure———1.66x1.59x
Pantheon Global Infrastructure Fund IIPantheon Venturesinfrastructure———1.60x1.15x
Pantheon Global Secondary Fund VPantheon Venturessecondaries2015——1.51x1.11x
Pantheon Global Secondary Fund VII Feeder (US) LPPantheon Venturessecondaries2023——1.31x0.00x
Pantheon Infrastructure Fund of FundsPantheon Venturesinfrastructure———1.66x1.38x
Pantheon Real Assets Strategic OpportunitiesPantheon Venturesmulti strategy2017——1.37x0.73x
Sequoia Capital China Growth Fund VSequoia Capitalgrowth equity2018——1.30x0.00x
Sequoia Capital China Venture Fund VIISequoia Capitalventure capital2018——1.21x0.00x
Sequoia Capital India VISequoia Capitalventure capital2018——1.29x0.00x
Summit Europe Growth Equity III PESummit Partnersgrowth equity2020——0.93x—
Summit Europe Growth Equity IVSummit Partnersgrowth equity2023——0.71x—
Summit Partners Growth Equity Fund IX, L.P. 2017Summit Partnersgrowth equity———1.10x—
Summit Venture Capital V PESummit Partnersventure capital2020——0.90x—
Tiger Infrastructure Fund IIITiger Globalinfrastructure———1.25x0.11x
USV 2024Union Square Ventures (USV)venture capital2024——1.04x0.00x
USV Climate 2022Union Square Ventures (USV)venture capital2022——0.81x0.00x
CV Consortio Fund L.P.Valor Equity Partnersfund of funds2023——1.90x0.00x
VALOR EQUITY IIIValor Equity Partnersbuyout———1.08x—
Valor Equity Partners VIValor Equity Partnersgrowth equity2022——1.44x0.00x
Valor Equity Partners VI ASF IX BValor Equity Partnersbuyout2023——1.49x—
VALOR IVValor Equity Partnersbuyout———2.94x—
KKR Asia IVKohlberg Kravis Robertsbuyout2021——1.57x0.27x
KKR China Growth FundKohlberg Kravis Robertsgrowth equity2010——1.05x1.01x
KKR China Growth Fund, LP*Kohlberg Kravis Robertsgrowth equity2010——1.05x1.05x
KKR CMBS B-Piece SMAKohlberg Kravis Robertsreal estate debt2017——12.00x—
KKR European Fund II, LP*Kohlberg Kravis Robertsbuyout2005——1.25x1.25x
KKR Global Impact Fund SCSpKohlberg Kravis Robertsbuyout2018——1.63x0.45x
KKR GLOBAL INFRA IV USD SCSPKohlberg Kravis Robertsinfrastructure———0.98x—
KKR GLobal Infrastructure Fund IV, (USD) SCSpKohlberg Kravis Robertsinfrastructure2021——1.22x0.07x
KKR GLOBAL INFRASTRUCTURE IIIKohlberg Kravis Robertsinfrastructure———1.23x—
KKR GLOBAL INFRASTRUCTURE INVEKohlberg Kravis Robertsinfrastructure———1.32x—
KKR Global Infrastructure Investors VKohlberg Kravis Robertsinfrastructure2024——1.02x0.03x
KKR Infrastructure Investors Fund III, LPKohlberg Kravis Robertsinfrastructure2018——1.44x0.31x
KKR Millennium Fund, LP*Kohlberg Kravis Robertsbuyout2001——1.81x1.81x
KKR NA FUND XIII SCSPKohlberg Kravis Robertsbuyout———1.13x—
KKR North America Fund XIVKohlberg Kravis Robertsbuyout2025——0.00x—
KKR RE CREDIT OPP PRNTS AGG IKohlberg Kravis Robertsspecial situations———0.89x—
KKR RE PRTNERS EUR II USD SCSPKohlberg Kravis Robertsbuyout———0.91x—
KKR RE SEC DISLOC OPP COINVESTKohlberg Kravis Robertsco investment———0.61x—
KKR Real Estate Partners EuropeKohlberg Kravis Robertsreal estate equity2021——4.00x—
KKR Real Estate Securities Dislocation Opport nity Co-Investment FundKohlberg Kravis Robertsreal estate equity2021——13.00x—
KKR Scissor TailKohlberg Kravis Robertsdirect lending2023——1.18x0.02x
Blackstone Capital Opportunities Fund IV, LPThe Blackstone Groupdistressed debt2021——1.22x0.37x
Blackstone Capital Partners Asia, L.P.The Blackstone Groupbuyout2018——1.10x0.05x
Blackstone COF IV Co-Investment Fund, L.P.The Blackstone Groupdistressed debt2021——1.30x0.45x
Blackstone Credit Series Fund-C LP - Series AThe Blackstone Groupdirect lending2022——1.22x0.00x
Blackstone Credit Series Fund-C LP - Series BThe Blackstone Groupdirect lending2022——1.24x0.00x
Blackstone Credit Series Fund-C LP - Series CThe Blackstone Groupdirect lending2023——1.09x0.00x
Blackstone Fund IVThe Blackstone Groupreal estate equity2004——9.00x—
BLACKSTONE GREEN PRT CR FD IIIThe Blackstone Groupdirect lending———1.00x—
Blackstone Infrastructure Partners Europe (CYM) L.P.The Blackstone Groupinfrastructure2024——1.17x0.01x
Blackstone Infrastructure Partners Fund IThe Blackstone Groupinfrastructure———1.63x0.19x
Blackstone Inrastructure Partners, LPThe Blackstone Groupreal estate equity2019——1.74x0.14x
Blackstone Real Estate Debt Strategies ? Supplemental Account C L.P.The Blackstone Groupreal estate debt2025——1.36x0.25x
Blackstone Real Estate Debt Strategies II, L.P.The Blackstone Groupreal estate debt2013——1.20x1.17x
Blackstone Real Estate Debt Strategies IV - C L.P.The Blackstone Groupreal estate debt2020——1.43x0.57x
Blackstone Real Estate Debt Strategies V - C L.P..The Blackstone Groupreal estate debt2024——1.12x0.04x
Blackstone Real Estate Partners Europe (EURO Vehicle)The Blackstone Groupreal estate equity2020——6.00x—
Blackstone Real Estate Partners Europe VII Vehicle)The Blackstone Groupreal estate equity2024——0.00x—
BLACKSTONE REAL ESTATE XThe Blackstone Groupreal estate equity———1.03x—
Blackstone Renewables Supplemental Account-N,LPThe Blackstone Groupreal estate equity2019——1.18x0.00x
Blackstone Tactical Opportunites Fund - N, LPThe Blackstone Grouptactical2013——1.18x1.13x
Blackstone Tactical Opportunities Fund - FD L.P. (Pool II)The Blackstone Grouptactical2023——1.04x0.02x
Blackstone Tactical Opportunities Fund FD II LPThe Blackstone Grouptactical2023——0.85x0.01x
Blackstone Tactical Opportunities Fund II - N, LPThe Blackstone Grouptactical2015——0.54x0.33x
Blackstone Tactical Opportunities Fund III - N, LPThe Blackstone Grouptactical2020——1.99x0.69x
Blackstone Tactical Opportunities Stable Income Fund -N, LPThe Blackstone Grouptactical2015——1.65x1.28x
GSO Capital Opportunities Fund IIII, LPThe Blackstone Groupspecial situations2016——1.37x1.16x
GSO CSF III Co Investment Fund, LPThe Blackstone Groupco investment2017——1.62x1.55x
GSO Energy Select Opportunities Fund II, LPThe Blackstone Groupspecial situations2018——1.20x1.08x
Adams Street 2007 Direct FundAdams Street Partnersgrowth equity2006——2.54x2.42x
Adams Street 2009 Direct FundAdams Street Partnersgrowth equity2008——2.05x1.83x

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).