The performance of funds launched in 2020 showed an improvement in Q3 with an equally weighted IRR increasing to 16.8%, from 14.2% in Q2 2022.
The twelfth Global IRR Index consultation release includes 343 closed end funds across vintages from pre-2002 to 2021 with a non-core manager defined strategy.
- The cohort of funds launched before 2002 continues to represent the strongest group with an IRR of 14.9%
- The weakest vintage group contains funds launched in the shadow of the GFC with an IRR of 1.3%
- The USA’s 2008-2010 vintage group continues to be the best performing across all funds domiciled in the USA, Asia Pacific and Europe, with an equally weighted IRR of 18.7%. In Europe, the highest IRR of 11.8% is reported for the 2011-2013 vintage and in Asia Pacific funds launched in the same period have outperformed, with an average IRR of 16.2%.
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The first Global IRR Index provides data on the performance of value added and opportunity strategy closed end non-listed real estate funds in Asia Pacific, Europe and the US.