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
FundManagerStrategyVintageCommittedNet IRRTVPIDPI
Sage Equity Investors-NSagebuyout20240.55x0.55x
PVP Fund I-A, LPPVPbuyout20154.50x2.21x
PVP Fund II-A, LPPVPbuyout20183.40x0.01x
PVP Fund III-A, LPPVPbuyout20201.30x0.00x
PVP Fund IV, LPPVPbuyout20231.82x0.00x
Epic Fund IIIEPIC VENTURESventure capital0.96x0.00x
Epic Fund III SlpEPIC VENTURESventure capital20240.82x
River City Investments PCCRIVER CITY INVESTMENTS PCCtactical20240.99x0.00x
Gaia Investments, S.L.P.Gaia Investmentstactical20240.99x0.00x
Tribeca Access Fund II, LPTribeca Accessbuyout20230.99x0.01x
Tribeca Access Fund, LPTribeca Accessbuyout20183.42x2.52x
GGV Discovery IV AsiaGGV Discoveryventure capital20240.97x0.00x
GGV Discovery IV USGGV Discoveryventure capital20240.93x0.01x
Equip Opportunities Fund, L.P.Equipmulti strategy20230.99x0.00x
Pioneer Pier Investments, L.P.Pioneer Pier Investmentstactical20241.07x0.00x
Institutional Venture Partners XIII, LPIVP (Institutional Venture Partners)venture capital20101.59x1.57x
Horsley Bridge International II, LPHORSLEY BRIDGE VENTUREventure capital20001.58x1.58x
EnCap Flatrock Midstream Fund IV PEEnCap Flatrock Midstreamnatural resources20171.12x0.21x
GoldenTree Asset Management LPGoldenTree Asset Managementdirect lending1.44x
BR/WY Investment Feeder LPBR Capitalbuyout2.27x1.83x
AIPCF VII Aqua Co-Invest, L.P.Aresbuyout20251.00x0.00x
Ares Capital Europe V (D) LeveredAresdirect lending20211.38x0.32x
Ares Capital Europe VIAresdirect lending20231.19x0.28x
Ares Capital Europe VI (ACE VI)Aresdirect lending20231.17x0.07x
ARES CENTRE STREET PARTNERSHIPAresdirect lending1.04x
Ares Corporate Opportunities Fund III, L.P. GCM Grosvenor NYCFDPF Emerging Manager Fund, L.P.Aresbuyout20081.40x
Ares Corporate Opportunities Fund V, L.P. KKR Americas Fund XII, L.P.Aresbuyout20177.00x
Ares Credit Investment Partnership (CP), L.P.Aresdirect lending20221.25x0.00x
Ares European Credit Investments VII (CP), L.P.Aresdirect lending20211.50x0.00x
Ares European Credit Investments VII (CP), L.P. -- ACE VI Co-Invest PoolAresdirect lending20231.24x0.00x
Ares Industrial REAresbuyout20221.01x0.00x
Ares Senior Credit Investment Partnership (CP) LPAresdirect lending20231.22x0.17x
Ares Senior Direct Lending Fund (Delaware) III LPAresdirect lending20241.13x0.07x
Ares Senior Direct Lending Fund IIIAresdirect lending20231.15x0.09x
Ares Senior Direct Lending IIIAresdirect lending20231.12x0.09x
Ares SME (Parallel), L.P.Aresdirect lending20221.29x0.07x
Ares SSG Capital Partners VI, LPAresdirect lending20221.27x0.42x
Ares SSG Excelsior Co-Investment, LPAresco investment20221.08x0.05x
Ares US Real Estate Opportunity Fund IVAresmulti strategy20240.98x0.02x
Thoma Bravo Discover Fund V LPThoma Bravogrowth equity20240.00x
Thoma Bravo Europe Fund, L.P.Thoma Bravobuyout20251.12x0.00x
Thoma Bravo Fund XVIThoma Bravobuyout20241.00x0.00x
Thoma Bravo Growth Fund, LPThoma Bravogrowth equity20220.79x0.00x
Level Equity Opportunities FundLevel Equitymulti strategy20211.00x0.65x
Domain Excelsior Fund, LPDomain Associatesdirect lending202212.49x0.00x
Salica Growth Debt Fund ISalica Investmentsdirect lending1.03x0.09x
Ascend Fund IIAscendbuyout20231.03x0.00x
Fortress Credit Opportunites Fund V ExpansFortress Investment Groupdirect lending20201.13x0.04x
Fortress Credit OpportunitiesFortress Investment Groupdirect lending20201.07x0.04x
Hamilton Lane Co-Investment Fund, LPHamilton Laneco investment20050.92x0.91x
Hamilton Lane NY Israel Fund II, LPHamilton Lanebuyout20220.76x0.00x
Hamilton Lane NY Israel Fund, LPHamilton Lanebuyout20171.65x0.25x
Searchlight Capital III CVL Co-Invest Partners II, L.P.Searchlight Capital Partnersbuyout20241.89x0.00x
Searchlight Capital IV LEAF Co-Invest Partners, L.P.Searchlight Capital Partnersbuyout20251.04x0.00x
Searchlight Capital, LPSearchlight Capital Partnersbuyout20111.35x1.10x
Bregal Sagemount COF IIBregal Sagemountgrowth equity20181.04x0.49x
WP GLOBAL GROWTHWP GLOBALgrowth equity1.44x
Madison Dearborn Capital Partners V, LP*Madison Dearborn Partnersbuyout20061.63x1.63x
Neuberger Berman High Income TrustNeuberger Bermandirect lending1.36x
Neuberger Berman Loan Advisers Holdings (Delaware), LPNeuberger Bermandirect lending20171.71x1.12x
Neuberger Berman Loan Advisers Holdings II (Delaware), LPNeuberger Bermandirect lending20201.49x0.78x
Neuberger Berman Loan Advisers Holdings IV LPNeuberger Bermandirect lending20241.01x0.10x
Neuberger Berman Opportunistic Capital Solutions Fund (Delaware), LPNeuberger Bermanbuyout20220.22x0.00x
Neuberger Berman Opportunistic Capital Solutions, LPNeuberger Bermanbuyout20220.52x0.00x
EW Healthcare Partners Acquisition Fund, L.P.Essex Woodlands Healthcare Partnersbuyout20211.24x0.05x
Goldman Sachs Multi-Strategy Offshore L.P.Goldman Sachsmulti strategy20151.35x1.35x
GS Capital Partners 2000 OffshoreGoldman Sachsbuyout20002.05x2.05x
GS Capital Partners V, L.P.Goldman Sachsbuyout20052.08x2.08x
GS International Infrastructure Partners I, L.P.Goldman Sachsinfrastructure20061.15x1.15x
GS International Infrastructure Partners IIGoldman Sachsinfrastructure20101.99x1.98x
GS Private Equity Partners 2002 Offshore, L.P.Goldman Sachsbuyout20021.36x1.36x
GS Private Equity Partners 2004 Offshore FundGoldman Sachsbuyout20041.44x1.44x
GS Private Equity Partners 2005, L.P.Goldman Sachsbuyout20051.27x1.25x
GS Private Equity Partners IX, L.P.Goldman Sachsbuyout20111.60x1.57x
GS Private Equity Partners XI Offshore, L.P.Goldman Sachsbuyout20172.23x1.77x
GS Vintage Fund IV, L.P.Goldman Sachsfund of funds20071.29x1.28x
GS Vintage Fund VI, L.P.Goldman Sachsfund of funds20131.38x1.23x
West Street Co-Investment Partners (C), L.P.Goldman Sachsco investment20201.24x0.07x
West Street Loan Partners V Co-Investment Partners (C), LPGoldman Sachsco investment20241.05x0.00x
West Street Loan Partners V Offshore Europe (USD), L.P.Goldman Sachsco investment20241.16x0.11x
West Street Mezzanine Co-Investment Partners (C), LPGoldman Sachsco investment20221.31x0.12x
West Street Mezzanine Partners VIIIGoldman Sachsmezzanine20221.39x0.16x
West Street Mezzanine Partners VIII, pro rata co-investGoldman Sachsmezzanine20221.50x0.18x
West Street Strategic Solutions Fund I-(C), L.P.Goldman Sachsbuyout20201.52x0.19x
West Street Strategic Solutions Fund I, L.P.Goldman Sachsbuyout20201.43x0.18x
Industry Ventures Partnership Holdings VIIIndustry Venturessecondaries20241.20x0.00x
ARTEMIS REAL ESTATE PARTNERSArtemisreal estate equity0.96x
Artemis Real Estate Partners Income & Growth Fund II L.P.Artemisreal estate equity20240.00x
Artemis Real Estate Partners income and Growth FundArtemisreal estate equity20193.00x
Schroders Private Equity Fund of FundsSchroderfund of funds1.70x1.68x
Schroders Private Equity Fund of Funds IISchroderfund of funds2.86x2.83x
Schroders Private Equity Fund of Funds IIISchroderfund of funds1.96x1.94x
Schroders Private Equity Fund of Funds IVSchroderfund of funds3.45x3.38x
Commonfund Capital Natural Resources IX L.P.Commonfundnatural resources1.51x1.01x
AllianceBernstein Delaware Business TrustAllianceBernsteintactical0.92x0.92x
Golub Capital Senior Loan FundGolub Capitaldirect lending1.08x0.06x
Golub Credit (GEMS Fund 6)Golub Capitaldirect lending1.25x0.32x
Golub Emerald Fund, LPGolub Capitaldirect lending20231.05x0.00x
Golub Sapphire Fund, LPGolub Capitaldirect lending20231.12x0.00x
57 Stars Emerging Europe Fund (NYSCRF), LP57 Starsbuyout20091.57x0.85x

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).