May 30, 2023
The Q4 2021 Global IRR Index reveals funds launched in 2019 posted an average IRR of 6.8%, up from 1.5% last quarter.
The ninth Global IRR Index consultation release includes 331 closed end funds across vintages from pre-2002 to 2019 with a non-core manager defined strategy.
- Despite a +530 bps average IRR increase in Q4 2021, the 2019 vintage still holds the weakest performance relative to all single year vintages since the Global Financial Crisis
- Single country funds in the 2017-2019 vintage group showed a sharp increase in performance in Q4 2021: 10.9%, up from 6.8% in Q3 2021
- With an average IRR of 18.7%, the US 2008-2010 fund vintage remains the strongest performing vintage group across the Index. The 2011-2013 fund vintages were the strongest performing for both Asian Pacific and European funds.
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Global Internal Rate of Return (IRR) Quarterly Index
Published on 17 Jan 2023
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.