The number of funds in the INREV IRR Quarterly Index increased from 255 to 274 in Q2. We have also reconfigured the reporting of the single-year and cohort vintages.
Key highlights:
- The more granular dataset confirms the importance of investment timing.
- The cohort of 27 funds launched into favourable market conditions in 2016 and 2017 now represents the strongest-performing group over the last 20 years.
- Funds that were launched immediately before the GFC at the top of the market between 2005 and 2007 are still recording a negative IRR.
- The eleven funds launched after 2019 have a pooled IRR of -1.27%. Part of this cohort are seven funds launched after 2020 which currently have a pooled IRR of -8.01%.
Download the report, Excel, and snapshots below.
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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.