Funds that had the first closing in 2020 recorded a since inception IRR of 5.0% on a pooled basis and 2.9% on an equally weighted basis
Key highlights:
- Funds launched in 2019, right before the pandemic took effect, recovered well over the past quarters and actually show the strongest IRR performance amongst all vintages
- The difference between the lowest and highest IRR for the 2020 vintage group stood at a moderate 14.4%, while for the 2019 vintage group the dispersion of returns was much higher at 36.5%
- Non-core funds launched between 2017-2019 outperformed their core equivalents in Q1 2022, with pooled IRRs of 15.3% and 9.3%, respectively
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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.