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
- 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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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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