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Younger closed end funds show improved performance in Q2 2021 

Funds that had the first closing between 2017 and 2019 recorded a since inception IRR of 7.5% on a pooled basis, up from 6.6% in Q1 2021

Key highlights

  • Core funds launched between 2011 and 2013 outperformed all other core pooled vintages, showing a since inception IRR of 8.8% on a pooled basis
  • IRRs for 2019 vintage funds remain negative in Q2 2021, despite some improvement
  • Younger single sector funds outperformed multi sector funds on both a pooled and an equally weighted basis

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INREV Internal Rate of Return (IRR) Quarterly Index  

Last updated on 13 Mar 2024

The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis.