The Q3 2021 Global IRR Index reveals that funds launched in 2019 posted an IRR of 1.5%, up from -3.8% in the previous quarter.
The eighth Global IRR Index consultation release includes 336 closed end funds across vintages from pre-2002 to 2019 with a non-core manager defined strategy.
- Despite the improvement in performance, the 2019 vintage is still notably down on the 13.7% average IRR for funds launched in the previous nine years.
- Multi country funds launched between 2017 and 2019 outperformed their single country peers
- With an average IRR of 18.7%, the US 2008-2010 fund vintage was the strongest performing vintage group across the Index. The 2011-2013 fund vintages were the strongest performing for both Asian Pacific and European funds.
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.