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
- 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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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.