Global IRR

The Q2 2021 Global IRR Index reveals funds launched in 2019 posted the weakest average IRR at -3.8%.

The Q1 2021 Global IRR Index reveals funds launched in 2019 delivered an average IRR of -7.4%, the weakest performance of all vintages in the sample

Funds that had the first closing between 2017 and 2019 recorded an IRR of 6.6% on a pooled basis, down from 8.4% in Q4 2020

Key highlights:

• Core funds launched between 2011 and 2013 outperformed all other core pooled vintages, showing a since inception IRR of 8.7% on a pooled basis
• IRRs for 2019 vintage funds turn negative in Q1 2021
• Recently launched single sector funds outperformed multi sector funds on both a pooled and an equally weighted basis

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The Q4 2020 Global IRR Index reveal more than a 10% difference between the lowest and highest average IRRs

The fifth Global IRR Index release includes 319 closed end funds across vintages from pre-2002 to 2018 with a non-core manager defined strategy.

Key highlights:

The latest Global IRR Index release includes 318 closed end funds across vintages from pre-2002 to 2018 with a non-core manager defined strategy

Vehicles with 2018 as a year of first closing recorded negative IRRs for the second consecutive quarter

The third Global IRR Index consultation release includes 316 closed end funds across vintages from pre-2002 to 2018 with a non-core manager defined strategy.

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Closed end funds launched in the most recent vintage groups showed higher performance, according to the IRR Annual Index 2020.

Key highlights of the Annual IRR Index include:

• This IRR Annual Index release includes 218 funds, comprised of 111 core and 107 non-core strategy
• Vintages with a year of first closing between 2014 and 2016, delivered the highest pooled IRR
• Non-core funds continue to outperform core strategy funds

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