The youngest 2020-2022 vintage cohort in the INREV IRR Quarterly Index saw its weighted average IRRs slow in Q3.
Key highlights:
- The youngest 2020-2022 vintage cohort in the Q3 2022 INREV IRR Quarterly Index saw its weighted average IRR decrease by 190 bp to 3.3% and the equally weighted equivalent by 350 bps to 2.1%.
- The cohort of 25 funds launched into favourable market conditions between 2017 and 2019 produced a weighted average IRR of 14.3% in the period ending Q3. The pooled IRR on eight core vehicles in the cohort has increased by 70 bp from 10.3% in Q2 to 11.0%.
- The pooled IRR for the more aggressively positioned 17 non-core vehicles launched at the same time represented a decrease of 130 bp from 17.1% in Q2 to 15.8% at the end of Q3.
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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.