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
Blackrock European Middle Market Private Debt Fund IIIBlackRockdirect lending1.19x0.40x
Blackrock Fixed Income Opportunities Nero LLCBlackRockmulti strategy20151.26x1.24x
BLACKROCK GLBL INFRA IV DBlackRockinfrastructure1.11x
Blackrock Global Energy & Power IIIBlackRocknatural resources20191.26x0.33x
BlackRock Global Infrastructure Fund IV D, L.P.BlackRockinfrastructure20221.09x0.01x
Blackrock Growth Equity Fund IBlackRockgrowth equity1.19x0.09x
BlackRock-Global Infrastructure Partners V-A/B, L.P.BlackRockinfrastructure20231.05x0.11x
Q-BLK Private Capital III (Offshore)BlackRockbuyout1.81x1.81x
North Haven Infrastructure Partners II, LPMorgan Stanleyinfrastructure20161.38x1.14x
North Haven Infrastructure Partners III, SCSpMorgan Stanleyinfrastructure20191.40x0.05x
North Haven Tactical Value Fund II, LPMorgan Stanleytactical20221.20x0.00x
Firstmark Capital Fund IFirstMark Capitalventure capital200510.63x8.24x
Firstmark Capital Fund IIFirstMark Capitalventure capital20111.66x0.89x
Firstmark Capital Fund IIIFirstMark Capitalventure capital20142.85x2.23x
FirstMark Capital Fund IVFirstMark Capitalventure capital20172.31x1.75x
FirstMark Capital Fund VFirstMark Capitalventure capital20201.45x0.09x
Firstmark Capital Opportunity Fund IFirstMark Capitalventure capital20141.83x1.45x
FirstMark Capital Opportunity Fund IIFirstMark Capitalventure capital20182.30x1.66x
FirstMark Capital Opportunity Fund IIIFirstMark Capitalventure capital20200.78x0.75x
FirstMark Capital Opportunity Fund IVFirstMark Capitalventure capital20230.91x0.91x
FirstMark Capital VIFirstMark Capitalbuyout20230.98x0.05x
Capital International Private Equity Fund V L.P. Private EquityCapital Groupdirect lending20070.90x0.91x
Eagle EstateEaglereal estate equity20169.00x
Eagle Tree Partners VI, LPEaglefund of funds20231.31x0.39x
Shamrock Capital Growth Fund VI, L.P.Shamrock Capitalgrowth equity20240.04x0.00x
Prysm Capital Fund I, L.P.Prysm Capitalbuyout20211.03x0.00x
Prysm Capital Fund II-C, L.P.Prysm Capitalbuyout20241.50x0.00x
The Rise Fund IIThe Rise Fundgrowth equity20191.32x0.00x
Lexington Capital Partners III, LPLexington Partnerssecondaries19981.26x1.26x
Lexington Capital Partners VII (Offshore)Lexington Partnerssecondaries20101.61x1.59x
Lexington Co Invest IVLexington Partnerssecondaries1.81x1.01x
Lexington Co-Investment Partners IIILexington Partnersco investment1.86x1.66x
Lexington Co-Investment Partners VI-F, L.P.Lexington Partnersco investment20251.16x0.00x
LEXINGTON IXLexington Partnerssecondaries1.40x
Lexington Middle Market Investors II, L.P.Lexington Partnerssecondaries20081.82x1.80x
Lexington Middle Market Investors III LPLexington Partnerssecondaries20131.79x1.43x
Lexington VILexington Partnerssecondaries20051.40x1.39x
H.I.G. Capital Partners VIIH.I.G. Capitalgrowth equity20250.40x
H.I.G. Growth Buyouts & Equity Fund III PEH.I.G. Capitalgrowth equity20180.82x
H.I.G. Meraki Co-InvestmentH.I.G. Capitalgrowth equity20241.50x
H.I.G. Middle Market IV Co-investment SMA (C), LPH.I.G. Capitalgrowth equity20231.16x0.00x
H.I.G. Middle Market LBO Fund III PEH.I.G. Capitalbuyout20190.94x
H.I.G. Middle Market LBO Fund IVH.I.G. Capitalbuyout20220.60x0.03x
H.I.G. Starlite-A Co-InvestmentH.I.G. Capitalgrowth equity20251.00x
HIG Europe Middle Market LBO Fund II (Cayman)H.I.G. Capitalbuyout20250.00x
A&M CAPITAL EUROPE (AMCE)Alvarez & Marsal Capitalbuyout1.47x0.06x
A&M Capital Partners IIIAlvarez & Marsal Capitalbuyout20211.37x0.06x
Arlington Capital Partners VI, L.P.Arlington Capital Partnersbuyout20231.15x0.05x
Arlington Capital Partners VII, L.P.Arlington Capital Partnersbuyout20250.00x0.00x
Bain Capital Asia Fund VBain Capitalbuyout20231.23x0.12x
Bain Capital Beacon Roll SPV XI Private EquityBain Capitaldirect lending20251.00x1.00x
Bain Capital Beacon Roll SPV XIIBain Capitaldirect lending20250.74x0.42x
Bain Capital Credit Managed Account (Blanco), L.P.Bain Capital Creditdirect lending1.56x
Bain Capital Europe Fund VI, SCSpBain Capitalbuyout20231.12x0.00x
Bain Capital Fund XI-A, L.P. Private EquityBain Capitalco investment20141.90x1.86x
Bain Capital Life Sciences Fund IV. L.P.Bain Capital Life Sciencesventure capital20240.00x0.00x
Bain Capital Real Estate IIIBain Capital Real Estatereal estate equity20230.90x0.26x
Bain Capital Special Situations Asia, LPBain Capitalspecial situations20171.00x
Bain Capital Special Situations Managed Account (CLP), L.P.Bain Capitalspecial situations20241.27x0.00x
Bain Capital Tech Opportunities Fund II, L.P.Bainmulti strategy20231.23x0.06x
Bain Capital Venture Fund 2022, L.P.Bain Capital Ventureventure capital20231.27x0.00x
Partners Group Asia-Pacific 2007Partners Groupbuyout1.31x1.30x
Partners Group Direct Infrastructure 2020Partners Groupinfrastructure1.06x0.05x
Partners Group Direct Infrastructure III (EUR) LP SCSp SICAV-RAIFPartners Groupinfrastructure1.36x0.12x
Permira VIII-2 SCSpPermirabuyout20231.12x0.02x
Carlyle Asia Partners Growth IICarlyle Groupgrowth equity20210.82x
Carlyle Asia Partners V PECarlyle Groupbuyout20171.38x0.28x
Carlyle Aviation Leasing Fund LPCarlyle Groupinfrastructure20211.19x0.10x
CARLYLE PARTNERS VI CO INVESTCarlyle Groupbuyout0.71x
CARLYLE REALTY FUND VIICarlyle Groupreal estate equity1.29x
Carlyle Realty Partners V, LPCarlyle Groupreal estate equity0.00x
Carlyle Realty Partners XCarlyle Groupreal estate equity20240.00x
Carlyle Renewable and Sustainable Energy Fund IICarlyle Groupnatural resources20231.31x0.00x
Carlyle/Riverstone Global Energy and Power Fund IICarlyle Groupnatural resources20031.29x1.29x
Graycliff PE Part VGraycliff Partnersbuyout20231.00x0.00x
Graycliff Private Equity Partners III (NYS), LPGraycliff Partnersbuyout20143.30x3.28x
BROOKFIELD INFR FD IIBrookfield Asset Managementreal estate equity1.55x
Brookfield Infrastructure Fund IV (BIF IV): Co-InvestBrookfield Asset Managementinfrastructure20191.32x0.08x
Brookfield Infrastructure Structured Solutions-BBrookfield Asset Managementinfrastructure20241.04x
BROOKFIELD INFRASTRUCTURE VBBrookfield Asset Managementinfrastructure1.09x
Brookfield Premier Real Estate PartnersBrookfield Asset Managementreal estate equity20177.00x
Brookfield Special Investments Fund L.P.Brookfield Asset Managementdirect lending20211.58x0.68x
BROOKFIELD STRATEGIC RE III LPBrookfield Asset Managementreal estate equity1.37x
BROOKFIELD STRATEGIC RE IV BBrookfield Asset Managementreal estate equity1.08x
Brookfield Strategic Real Estate IVBrookfield Asset Managementreal estate equity20223.00x
Brookfield Strategic Real Estate Partners V–B L.P.Brookfield Asset Managementreal estate equity20231.01x
Brookfield Strategic teal Estate Partners IIIBrookfield Asset Managementreal estate equity20199.00x
Dawson Partners (Empire), LPDawson Partnersdirect lending20193.49x0.05x
Onex Partners III LPOnex Corporationbuyout20081.69x1.56x
Onex Partners VOnex Corporationbuyout20171.50x0.22x
Onex Partners V PEOnex Corporationbuyout20171.19x0.10x
Vertu Partners Fund I, LPVertu Capitalbuyout20221.02x0.00x
HarbourVest 2023 GlobalHarbourVest Partners (Canada)venture capital20231.16x0.00x
HARBOURVEST CENTRE ST COINVHarbourVest Partners (Canada)fund of funds1.18x
Harbourvest Co-Invest IV AIFHarbourVest Partners (Canada)fund of funds1.81x1.20x
HarbourVest Co-investment Broadway SMAHarbourVest Partners (Canada)co investment20231.03x0.00x
HarbourVest Co-Investment Fund VHarbourVest Partners (Canada)fund of funds20191.95x0.73x
HarbourVest Co-Investment SMA IIHarbourVest Partners (Canada)co investment20241.02x
HarbourVest Co-Investment VHarbourVest Partners (Canada)co investment20181.95x0.63x
HarbourVest Int'l Priv Eq Prtnrs IV - DirectHarbourVest Partners (Canada)fund of funds1.75x1.75x

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).