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IRRs for funds launched in 2018 remained negative in Q3 2020

Vehicles with 2018 as a year of first closing recorded negative IRRs for the second consecutive quarter, according to the Q3 2020 INREV IRR Index.

Key highlights of the INREV IRR Quarterly Index Q3 2020:

  • This quarter's INREV IRR Index includes 107 core and 106 non-core vehicles
  • Funds launched in 2017, 2012 and 2014 were the strongest-performing vintages
  • Single sector strategy funds launched between 2014 and 2016 showed higher IRRs on both a pooled and an equally weighted basis
  • Older vintage vehicles displayed narrower spreads in IRR than younger vintage vehicles


Download the report, Excel, Snapshot and Supplements below

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INREV Internal Rate of Return (IRR) Quarterly Index  

Published on 15 Sep 2021

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.