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Global IRR

Younger funds show moderation in Q1 2021 performance

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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Strong performance among younger funds across vintages

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

Download the report, Excel, and Snapshots below.