The Q2 2021 Global IRR Index reveals funds launched in 2019 posted the weakest average IRR at -3.8%.
The seventh Global IRR Index consultation release includes 337 closed end funds across vintages from pre-2002 to 2019 with a non-core manager defined strategy.
- Apart from funds launched immediately after the global financial crisis, newly launched multi- and single country strategies show the highest interquartile range
- Single country funds outperform their multi country equivalents, apart from the 2008-2010 and 2017-2019 vintages
- The strongest performing vintage group for US funds is 2008-2010. For Asian-Pacific funds this is 2017-2019 and amongst European funds this is 2011-2013
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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.