How private-equity funds actually performed — the LP's own numbers
US public pension plans must disclose how each private-equity fund they invested in has performed. This table is CalPERS' own reported record — 462 funds with the money committed, the net IRR (the yearly return after fees) and the net multiple (how many dollars back per dollar in). No data vendor sells you this; the LP publishes it.
Two honest caveats before you read: the figures run about two quarters behind (private funds report slowly), and young funds always look bad at first — fees are charged before profits arrive (the "J-curve") — so judge funds from vintages at least 4–5 years old.
| Fund | Vintage | Committed | Net IRR | Net multiple |
|---|---|---|---|---|
| BC CLP INVESTORS, L.P. | 2023 | $2.0bn | % | x |
| Lincoln Plaza Fund, L.P. | 2024 | $2.0bn | % | x |
| Innovation Opportunities, L.P. | 2023 | $2.0bn | % | x |
| Phoenix Bear Partners, L.P. | 2023 | $2.0bn | % | x |
| CA Co-Investment Limited Partnership | 2022 | $1.9bn | % | x |
| Nordic Bear SCSp | 2021 | $1.8bn | % | x |
| Blackwell Capital Partners, LP | 2023 | $1.7bn | % | x |
| Bear Coast (Ventures) Fund, LP | 2023 | $1.6bn | % | x |
| LongRange Capital Fund I, L.P. | 2020 | $1.5bn | 12.6% | 1.4x |
| Three Pillars Secondaries Fund, LP | 2024 | $1.5bn | % | x |
| TCC Opportunities, L.P. | 2021 | $1.5bn | % | x |
| Greenleaf Co-Invest Partners, L.P. | 2021 | $1.4bn | % | x |
| Moreton Bay SPV, LP | 2023 | $1.4bn | % | x |
| Hornet Co-Invest, L.P. | 2024 | $1.3bn | % | x |
| Rubicon Partners SCSp | 2023 | $1.3bn | % | x |
| CV Consortio Fund L.P. | 2023 | $1.2bn | % | x |
| CA1 SPV, L.P. | 2023 | $1.2bn | % | x |
| Red Admiral Fund LP | 2023 | $1.2bn | % | x |
| JSC Capital Partners, L.P. | 2024 | $1.2bn | % | x |
| GSC I, L.P. | 2024 | $1.1bn | % | x |
| General Atlantic Managed Account | 2020 | $1.1bn | 8.6% | 1.3x |
| Grandval II, L.P. | 2019 | $1.1bn | 13.5% | 1.5x |
| Blackstone Core Equity Partners II, L.P. | 2021 | $1.0bn | % | x |
| Cedar Street Partners LP | 2021 | $1.0bn | % | x |
| LS Investments C, L.P. | 2024 | $1.0bn | % | x |
| Oaktree Latigo Investment Fund, L.P. | 2020 | $1.0bn | 10.1% | 1.4x |
| OHA Black Bear Fund, L.P. | 2020 | $1.0bn | 12% | 1.6x |
| Project Quail Opportunities, L.P. | 2022 | $1.0bn | % | x |
| Three Pillars Flex Opportunities Fund, LP | 2023 | $1.0bn | % | x |
| Triangle Investment Opportunities II, L.P. | 2024 | $1.0bn | % | x |
| Triangle Investment Opportunities, L.P. | 2023 | $1.0bn | % | x |
| CVC Capital Partners Strategic Opportunities Compounding Capital L.P. | 2017 | $997m | 12.1% | 1.9x |
| Redwood Opportunities SCSp | 2020 | $950m | 17.4% | 1.6x |
| Hellman & Friedman Capital Partners X, L.P. | 2021 | $940m | % | x |
| Q-Street Capital, L.P. | 2021 | $900m | % | x |
| California Partners, L.P. | 2020 | $850m | 15.2% | 1.5x |
| Forecastle, L.P. | 2020 | $850m | 15.4% | 1.4x |
| Whitney Global Partners L.P. | 2021 | $810m | % | x |
| Apollo Special Opportunities Managed Account, L.P. | 2007 | $800m | 3.8% | 1.4x |
| Blackstone Tactical Opportunities Fund - C L.P. | 2012 | $800m | 9.3% | 1.3x |
| Carlyle Partners V, L.P. | 2007 | $800m | 12.8% | 1.6x |
| Middlefield Road Private Opportunities Fund, L.P. | 2021 | $800m | % | x |
| Silver Lake Partners VI, L.P. | 2021 | $755m | % | x |
| RC CC Fund LP | 2024 | $750m | % | x |
| Permira VIII-2 SCSp | 2023 | $726m | % | x |
| Redwood Lane Capital, L.P. | 2022 | $700m | % | x |
| EQT IX (No.2) USD SCSp | 2021 | $655m | % | x |
| Advent International GPE X Limited Partnership | 2022 | $650m | % | x |
| The Veritas Capital Fund VIII, L.P. | 2022 | $625m | % | x |
| 2SP I, L.P. | 2024 | $600m | % | x |
| AMZL, LP | 2023 | $600m | % | x |
| Hanover Opportunities LP | 2025 | $600m | % | x |
| Insight Partners XII, L.P. | 2021 | $600m | % | x |
| KKR North America Fund XIII SCSp | 2022 | $600m | % | x |
| Thoma Bravo Fund XIV, L.P. | 2021 | $600m | % | x |
| TPG Partners V, L.P. | 2006 | $600m | 3.7% | 1.2x |
| Hellman & Friedman Capital Partners IX, L.P. | 2020 | $579m | 13.8% | 1.7x |
| Whitney Global Partners II L.P. | 2024 | $576m | % | x |
| Cerberus CP Partners LP | 2013 | $570m | 16.1% | 2.2x |
| CVC Capital Partners VI, L.P. | 2014 | $567m | 15.6% | 2x |
| CVC European Equity Partners V (B) L.P. | 2008 | $562m | 16.4% | 1.8x |
| Advent International GPE IX Limited Partnership | 2019 | $550m | 13.6% | 1.6x |
| Apollo Investment Fund IX, L.P | 2019 | $550m | 15.3% | 1.5x |
| GCM Grosvenor DEM III, L.P. | 2019 | $550m | 19.7% | 1.7x |
| Permira VII L.P.1 | 2020 | $549m | 8.2% | 1.4x |
| CVC Capital Partners IX (A) L.P. | 2024 | $543m | % | x |
| Sacramento Private Equity Partners, L.P. | 2006 | $538m | 11.6% | 2x |
| Orchard Park, L.P. | 2023 | $535m | % | x |
| Apollo Investment Fund VI, L.P. | 2006 | $520m | 8.2% | 1.4x |
| DS Opportunities (C) LP | 2021 | $510m | % | x |
| Capital Link Fund I, LLC | 2007 | $502m | 7.6% | 1.5x |
| 57 Stars Global Opportunities Fund 2 (CalPERS), LLC | 2009 | $500m | 5.7% | 1.4x |
| Advent International GPE VI-A, L.P. | 2008 | $500m | 16.3% | 2.1x |
| Advent International GPE VIII-B Limited Partnership | 2016 | $500m | 15.5% | 2.1x |
| Blackstone Tactical Opportunities Fund II - C L.P. | 2015 | $500m | 12.5% | 1.5x |
| Blackstone Tactical Opportunities Fund III-C (Surge) L.P. | 2019 | $500m | 15.8% | 1.6x |
| CalPERS Corporate Partners, LLC | 2001 | $500m | 9.3% | 1.6x |
| Cerberus CAL II Partners, L.P. | 2017 | $500m | 22.8% | 2.9x |
| Cerberus CAL III Partners, L.P. | 2019 | $500m | -5.9% | 0.8x |
| Clayton, Dubilier & Rice Fund XII, L.P. | 2024 | $500m | % | x |
| Crosspoint Capital Ventures Fund I, LP | 2025 | $500m | % | x |
| EQT X (No.2) USD SCSp | 2022 | $500m | % | x |
| Fourth Street Partners - CPS L.P. | 2021 | $500m | % | x |
| GCM Grosvenor Elevate Fund, L.P. | 2023 | $500m | % | x |
| Green Equity Investors IX, L.P. | 2023 | $500m | % | x |
| Hellman & Friedman Capital Partners VIII, L.P. | 2016 | $500m | 10.4% | 1.7x |
| Riverstone Global Energy and Power Fund VI, L.P. | 2016 | $500m | 0.6% | 1x |
| Sunrise Boulevard PE Partners L.P. | 2021 | $500m | % | x |
| Top Castle Sidecar VII, L.P. | 2020 | $500m | 24.2% | 1.7x |
| TPG Golden Bear Partners, L.P. | 2019 | $500m | 15.3% | 1.8x |
| TPG NEXT (A), L.P. | 2025 | $500m | % | x |
| Trident IX, L.P. | 2022 | $500m | % | x |
| Permira VI L.P. 1 | 2017 | $499m | 14.9% | 2x |
| Silver Lake Partners III, L.P. | 2007 | $480m | 18.5% | 1.9x |
| NM Pacific, L.P. | 2021 | $477m | % | x |
| CVC Capital Partners VIII (A) L.P. | 2021 | $469m | % | x |
| CalPERS Clean Energy & Technology Fund, LLC | 2007 | $465m | -18.5% | 0.3x |
| California Emerging Ventures IV, LLC | 2006 | $463m | 11.7% | 1.9x |
| Onex Partners V-B LP | 2018 | $456m | 10.1% | 1.5x |
| Advent International GPE VII-C, L.P. | 2012 | $450m | 13.2% | 1.8x |
| Francisco Partners VII, L.P. | 2023 | $450m | % | x |
| CVC Capital Partners VII (A) L.P. | 2018 | $440m | 20% | 2.1x |
| Capital Link Fund II, LLC | 2008 | $436m | 11.8% | 1.7x |
| Ares Corporate Opportunities Fund V, L.P. | 2017 | $425m | 5.4% | 1.3x |
| Ares Corporate Opportunities Fund III, L.P. | 2008 | $400m | 20.2% | 2.1x |
| Bear Coast (CV) Fund, LP | 2023 | $400m | % | x |
| Cerberus Institutional Partners V, L.P. | 2012 | $400m | 13.4% | 1.9x |
| First Reserve Fund XIII, LP | 2014 | $400m | -1.9% | 0.9x |
| Gold Hills Partners, L.P. | 2024 | $400m | % | x |
| Green Equity Investors V, L.P. | 2007 | $400m | 18.4% | 2.3x |
| GSO Energy Partners-C LP | 2013 | $400m | -3.1% | 0.9x |
| Insight Partners XI, L.P. | 2020 | $400m | 12.6% | 1.7x |
| Insight Venture Partners Growth-Buyout Coinvestment Fund (B), L.P. | 2015 | $400m | 25.7% | 3.5x |
| KKR 2006 Fund L.P. | 2006 | $400m | 8.2% | 1.6x |
| New Mountain Partners III, L.P. | 2007 | $400m | 14.6% | 2.3x |
| Riverstone Global Energy and Power Fund V, L.P. | 2012 | $400m | -4.3% | 0.8x |
| Silver Lake Partners V, L.P. | 2018 | $400m | 11.6% | 1.6x |
| Summit Partners Growth Equity Fund XI-A, L.P. | 2022 | $400m | % | x |
| The Veritas Capital Fund IX, L.P. | 2024 | $400m | % | x |
| Towerbrook Investors V (Onshore) LP | 2019 | $400m | 14.8% | 1.6x |
| Trident VIII, L.P. | 2020 | $400m | 11.9% | 1.6x |
| Vista Equity Partners Fund VII-Z, L.P. | 2019 | $400m | 4.8% | 1.2x |
| WCAS XIII, L.P. | 2019 | $400m | 15.9% | 1.7x |
| WCAS XIV, L.P. | 2022 | $400m | % | x |
| Yucaipa American Alliance Fund II, L.P. | 2008 | $400m | 7.7% | 1.7x |
| BE VI 'H' L.P. | 2019 | $393m | 17.1% | 1.9x |
| 57 Stars Global Opportunities Fund, LLC | 2007 | $390m | 5.9% | 1.4x |
| Bridgepoint Europe IV 'D' LP | 2008 | $390m | 9.3% | 1.5x |
| Forbion Growth Opportunities Fund III Cooperatief U.A. | 2024 | $389m | % | x |
| PAG Asia III LP | 2019 | $380m | 8.5% | 1.3x |
| TowerBrook Investors IV (Onshore), L.P. | 2013 | $380m | 16.9% | 2.1x |
| Green Equity Investors VIII, L.P. | 2020 | $376m | 10.6% | 1.4x |
| Blackstone Capital Partners VI L.P. | 2011 | $375m | 12.3% | 1.8x |
| Blackstone Capital Partners VII, L.P. | 2016 | $375m | 15.3% | 1.8x |
| AlpInvest Secondaries Fund (onshore) VII, L.P. | 2021 | $374m | % | x |
| Silver Lake Partners VII, L.P. | 2024 | $370m | % | x |
| Thrive Capital Partners IX Growth, L.P. | 2024 | $366m | % | x |
| TPG Asia V, L.P. | 2007 | $360m | 6.3% | 1.4x |
| Apollo Investment Fund VIII, L.P. | 2013 | $350m | 8.8% | 1.4x |
| Clearlake Capital Partners VII, L.P. | 2022 | $350m | % | x |
| GranTain Co-Invest L.P. | 2021 | $350m | % | x |
| KKR Asian Fund II L.P. | 2013 | $350m | 1.1% | 1x |
| Welsh, Carson, Anderson & Stowe XII, L.P. | 2015 | $350m | 25.3% | 2.5x |
| Thoma Bravo Fund XV, L.P. | 2022 | $348m | % | x |
| VIP V S.C.Sp. | 2023 | $347m | % | x |
| CapVest Equity Partners V SCSp | 2023 | $346m | % | x |
| Gorseway Park PE, L.P. | 2024 | $335m | % | x |
| ForCal I Investment Fund C.V. | 2023 | $334m | % | x |
| CVC European Equity Partners IV (D) L.P. | 2005 | $326m | 17.2% | 1.8x |
| Silver Lake Partners IV, L.P. | 2013 | $320m | 20.9% | 2.8x |
| KKR European Fund III, L.P. | 2008 | $311m | 9.5% | 1.4x |
| Berkshire Fund X, L.P. | 2021 | $305m | % | x |
| VIP IV LP | 2020 | $304m | 11% | 1.4x |
| Carlyle Partners VI, L.P. | 2013 | $301m | 15.8% | 2x |
| Arlington Capital Partners VI, L.P. | 2023 | $300m | % | x |
| ASF VIII B L.P. | 2020 | $300m | 12.6% | 1.4x |
| Bain Capital Asia Fund V, L.P. | 2023 | $300m | % | x |
| Berkshire Fund XI, L.P. | 2025 | $300m | % | x |
| Carlyle Partners VII, L.P. | 2018 | $300m | 13% | 1.5x |
| Crosspoint Capital Fund II, LP | 2023 | $300m | % | x |
| CVC Capital Partners Asia VI (A) L.P. | 2024 | $300m | % | x |
| Hellman & Friedman Capital Partners VII | 2011 | $300m | 24.6% | 3.4x |
| Insight Partners XIII, L.P. | 2024 | $300m | % | x |
| KKR Asian Fund IV SCSp | 2021 | $300m | % | x |
| KKR European Fund V (USD) SCSp | 2020 | $300m | 10.7% | 1.4x |
| Lux Ventures VIII, L.P. | 2023 | $300m | % | x |
| Parker Capital Partners, L.P. | 2025 | $300m | % | x |
| Patient Square Equity Partners, LP | 2023 | $300m | % | x |
| Pioneer Pier Investments, L.P. | 2024 | $300m | % | x |
| Strategic Partners (A), L.P. | 2025 | $300m | % | x |
| TA XV-A, L.P. | 2025 | $300m | % | x |
| Thrive Capital Partners VIII Growth, L.P. | 2023 | $300m | % | x |
| Tiger Global Private Investment Partners XV, L.P. | 2022 | $300m | % | x |
| Timber Coast Private Opportunities, L.P. | 2023 | $300m | % | x |
| TPG PARTNERS IX, L.P. | 2023 | $300m | % | x |
| Valor Equity Partners VI L.P. | 2023 | $300m | % | x |
| Wigeavenmore Co-Investment LP | 2024 | $296m | % | x |
| Crosspoint Capital ISB Fund I, LP | 2025 | $295m | % | x |
| General Catalyst Group XII - Endurance, L.P. | 2024 | $294m | % | x |
| New Mountain Partners VI, L.P. | 2021 | $290m | % | x |
| Triton Fund V, LP | 2019 | $283m | 18.1% | 1.8x |
| Permira IV L.P.2 | 2006 | $282m | 8.2% | 1.6x |
| GC Customer Value Fund, L.P. | 2023 | $280m | % | x |
| Forbion Ventures Fund VII Cooperatief U.A. | 2024 | $276m | % | x |
| KKR Asian Fund L.P. | 2007 | $273m | 13.6% | 1.7x |
| B Capital Global Growth IV, L.P. | 2025 | $271m | % | x |
| Trident VII, L.P. | 2017 | $270m | 18.7% | 2.3x |
| Permira V, L.P. | 2014 | $269m | 20.6% | 2.8x |
| Blackstone Capital Partners VIII, L.P. | 2021 | $262m | % | x |
| Bay State Partners, L.P. | 2022 | $261m | % | x |
| TCV XI, L.P. | 2021 | $261m | % | x |
| Onex Partners IV, L.P. | 2014 | $261m | 6.6% | 1.4x |
| ArcLight Energy Partners Fund IV, L.P. | 2007 | $250m | 12.6% | 1.5x |
| Ares Corporate Opportunities Fund VI, L.P. | 2021 | $250m | % | x |
| Francisco Partners VI, L.P. | 2021 | $250m | % | x |
| GCM Grosvenor DEM II, L.P. | 2014 | $250m | 14.4% | 1.7x |
| GSO Energy Partners-C II LP | 2016 | $250m | 8.2% | 1.3x |
| Insight Venture Partners X, L.P. | 2018 | $250m | 21.7% | 2.8x |
| Lambtown, L.P. | 2025 | $250m | % | x |
| MBK Partners Fund VI, L.P. | 2024 | $250m | % | x |
| Muir Woods Partners, L.P. | 2023 | $250m | % | x |
| Namu Co-invest, L.P. | 2025 | $250m | % | x |
| New Mountain Partners VII, L.P. | 2024 | $250m | % | x |
| PSG VI L.P. | 2025 | $250m | % | x |
| Summit Partners Growth Equity Fund X-A, L.P. | 2020 | $250m | 12.7% | 1.5x |
| Towerbrook Structured Opportunities Fund II (Onshore) LP | 2019 | $250m | 14.1% | 1.4x |
| TPG Asia VIII (A), L.P. | 2024 | $250m | % | x |
| Trident VI | 2014 | $250m | 22% | 2.8x |
| Carlyle Europe Partners III, L.P. | 2007 | $241m | 11.1% | 1.6x |
| B Capital Opportunities Fund II, L.P. | 2024 | $240m | % | x |
| Samson Partners, L.P. | 2020 | $239m | 11.4% | 1.6x |
| Canaan Gold Coast L.P. | 2023 | $235m | % | x |
| Apollo Investment Fund X, L.P. | 2023 | $225m | % | x |
| Towerbrook Structured Opportunities Fund (Onshore), L.P. | 2016 | $222m | 6.7% | 1.3x |
| GIM LTE Hazel L.P. | 2024 | $215m | % | x |
| Canaan XIII L.P. | 2024 | $205m | % | x |
| BDC IV D LP | 2021 | $204m | % | x |
| BjorkTree AB | 2024 | $201m | % | x |
| American Industrial Partners Capital Fund VIII, L.P. | 2024 | $200m | % | x |
| ArcLight Energy Partners Fund III, L.P. | 2006 | $200m | 8.6% | 1.5x |
| Blackstone Capital Partners IX L.P. | 2025 | $200m | % | x |
| Calah Opportunities, L.P. | 2025 | $200m | % | x |
| Carlyle U.S. Equity Opportunities II, L.P. | 2015 | $200m | 15.4% | 1.9x |
| CDH Fund V, L.P. | 2014 | $200m | 8% | 1.5x |
| Cerberus Supply Chain Fund, L.P. | 2023 | $200m | % | x |
| Clearlake Capital Partners VIII, L.P. | 2025 | $200m | % | x |
| Corps of Discovery LP | 2025 | $200m | % | x |
| CVC Capital Partners Asia V L.P. | 2020 | $200m | 12.6% | 1.4x |
| CVC European Equity Partners III LP | 2001 | $200m | 41% | 2.6x |
| Equip Opportunities Fund, L.P. | 2023 | $200m | % | x |
| General Catalyst Group XI - Health Assurance, L.P. | 2023 | $200m | % | x |
| General Catalyst Group XII - Creation, L.P. | 2024 | $200m | % | x |
| General Catalyst Group XII - Ignition, L.P. | 2024 | $200m | % | x |
| Genstar Capital Partners XI, L.P. | 2023 | $200m | % | x |
| Genstar XI Opportunities Fund I, L.P. | 2023 | $200m | % | x |
| Grain Communications Opportunity Fund IV-A, L.P. | 2023 | $200m | % | x |
| Healthcare and Fintech, L.P. | 2022 | $200m | % | x |
| Khosla Ventures III, L.P. | 2009 | $200m | 9.7% | 1.8x |
| KM Corporate Partners Fund II, LP | 2007 | $200m | 4.2% | 1.2x |
| KOALA PACIFIC PARTNERSHIP, L.P. | 2024 | $200m | % | x |
| Lightspeed Opportunity Fund II, LP | 2022 | $200m | % | x |
| Lightspeed Opportunity Fund III, L.P. | 2025 | $200m | % | x |
| Oak HC/FT Partners V, L.P. | 2022 | $200m | % | x |
| Oaktree Opportunities Fund VIIIb, L.P. | 2011 | $200m | 8.2% | 1.7x |
| Pantheon Global Secondary Fund VII Feeder (US) LP | 2023 | $200m | % | x |
| Permira Growth Opportunities I L.P. 1 | 2019 | $200m | 8.6% | 1.4x |
| Prysm Capital Fund II-C, L.P. | 2024 | $200m | % | x |
| Shoreline, L.P. | 2024 | $200m | % | x |
| Tailwind Capital Partners III, L.P. | 2018 | $200m | 17.4% | 1.7x |
| TPG Growth V, L.P. | 2021 | $200m | % | x |
| TPG Growth VI, L.P. | 2024 | $200m | % | x |
| TPG Partners IV, L.P. | 2003 | $200m | 15.3% | 1.9x |
| TPG Tech Adjacencies II, L.P. | 2023 | $200m | % | x |
| Yucaipa Corporate Initiatives Fund I, L.P. | 2001 | $200m | -3.7% | 0.8x |
| Bridgepoint Europe III 'D' LP | 2005 | $195m | 2.4% | 1.2x |
| Green Equity Investors CF, L.P. | 2021 | $187m | % | x |
| Forbion Ventures Fund VI Cooperatief U.A. | 2023 | $183m | % | x |
| Accel-KKR Capital Partners VII, LP | 2025 | $180m | % | x |
| Thrive Capital Partners Opportunity Fund, L.P. | 2024 | $179m | % | x |
| Carlyle Partners VIII, L.P. | 2022 | $177m | % | x |
| Triton Fund 6 SCSp | 2025 | $176m | % | x |
| Apollo S3 Equity & Hybrid Solutions Fund, L.P. | 2025 | $175m | % | x |
| Blackstone Tactical Opportunities Fund III-C L.P. | 2018 | $175m | 11.8% | 1.3x |
| Francisco Partners II, L.P. | 2006 | $175m | 10.4% | 1.7x |
| Coastal Pacific Partners, L.P. | 2023 | $174m | % | x |
| Bain Capital Europe Fund VI, SCSp | 2023 | $171m | % | x |
| Carlyle Europe Partners V, S.C.Sp. | 2019 | $164m | 4.6% | 1.1x |
| TCV X, L.P. | 2019 | $157m | 23% | 2.9x |
| Jade Equity Investors, L.P. | 2020 | $155m | 19.1% | 1.6x |
| Permira Growth Opportunities II SCSP | 2022 | $155m | % | x |
| Advent Global Technology II Limited Partnership | 2022 | $150m | % | x |
| Amberbrook IX LP | 2023 | $150m | % | x |
| Apollo Investment Fund IV, L.P. | 1998 | $150m | 8.5% | 1.7x |
| Arsenal Capital Partners VI LP | 2022 | $150m | % | x |
| Bain Capital Tech Opportunities Fund II, L.P. | 2023 | $150m | % | x |
| Bain Capital Venture Coinvestment Fund IV, L.P. | 2023 | $150m | % | x |
| Bain Capital Venture Fund 2022, L.P. | 2023 | $150m | % | x |
| Bear Coast Partnerships, L.P. | 2025 | $150m | % | x |
| California Asia Investors, L.P. | 2008 | $150m | 26.5% | 4.2x |
| Carlyle Asia Partners III, L.P. | 2008 | $150m | 12% | 1.6x |
| Carlyle Strategic Partners IV, L.P. | 2016 | $150m | 5.4% | 1.2x |
| Centerbridge Capital Partners III, L.P. | 2015 | $150m | 13% | 1.6x |
| Clayton, Dubilier & Rice Fund X, L.P. | 2018 | $150m | 30.1% | 2.4x |
| Clearwater Capital Partners Fund III, L.P. | 2006 | $150m | 1.3% | 1.1x |
| Coalesce Capital Fund I, L.P. | 2024 | $150m | % | x |
| Genstar X Opportunities Fund I, L.P. | 2021 | $150m | % | x |
| GI Data Infrastructure Fund II LP | 2024 | $150m | % | x |
| Hg Saturn 3 A L.P. | 2023 | $150m | % | x |
| Insight Partners XII Buyout Annex Fund, L.P. | 2021 | $150m | % | x |
| Jade Equity Investors II, L.P. | 2024 | $150m | % | x |
| K5 Private Investors, L.P. | 2021 | $150m | % | x |
| Patria Brazilian Private Equity Fund V, L.P. | 2015 | $150m | 8% | 1.5x |
| River City Investments PCC | 2024 | $150m | % | x |
| Sierra Partners, L.P. | 2020 | $150m | -3.6% | 0.9x |
| SignalFire Eureka Fund, L.P. | 2025 | $150m | % | x |
| TA XIV-A, L.P. | 2021 | $150m | % | x |
| Tailwind Capital Partners II, LP | 2014 | $150m | 9.4% | 1.5x |
| TPG Partners VIII, L.P. | 2019 | $150m | 18.9% | 1.4x |
| TPG STAR, L.P. | 2007 | $150m | 6.2% | 1.3x |
| Hg Genesis 10 A L.P. | 2023 | $143m | % | x |
| Clayton, Dubilier & Rice Fund XI, L.P. | 2021 | $142m | % | x |
| Lindsay Goldberg IV, L.P. | 2015 | $137m | 28.8% | 2x |
| Birch Hill Equity Partners (US) IV, LP | 2011 | $137m | 15.8% | 2.7x |
| HongShan Capital Expansion Fund I, L.P. | 2024 | $134m | % | x |
| BDC III C LP | 2017 | $132m | 38.6% | 3.7x |
| Permira Europe III | 2004 | $127m | 26.6% | 1.7x |
| Birch Hill Equity Partners (US) III, LP | 2005 | $127m | 12.1% | 1.9x |
| Bain Capital Insurance Fund, L.P. | 2023 | $125m | % | x |
| Butterfly II, LP | 2022 | $125m | % | x |
| Carlyle Asia Partners V, L.P. | 2018 | $125m | 16.1% | 1.4x |
| One Rock Capital Partners IV, LP | 2025 | $125m | % | x |
| Welsh, Carson, Anderson & Stowe XI, L.P. | 2009 | $125m | 11.5% | 1.7x |
| Gaia Investments, S.L.P. | 2024 | $120m | % | x |
| SAIF Partners IV L.P. | 2010 | $120m | 5.3% | 1.6x |
| Springblue Co-Investment SPV, LP | 2023 | $120m | % | x |
| EQT Healthcare Growth (No.2) SCSp | 2025 | $117m | % | x |
| Bessemer Venture Partners XII Institutional L.P. | 2024 | $115m | % | x |
| Verdane Edda III (D1) AB | 2024 | $115m | % | x |
| Thoma Bravo Europe Fund, L.P. | 2025 | $114m | % | x |
| PSG Europe II L.P. | 2023 | $114m | % | x |
| Pophouse Fund (No. 1) SCS | 2024 | $113m | % | x |
| H.I.G. Europe Middle Market LBO Fund, L.P. | 2021 | $111m | % | x |
| Hedosophia Partners VI L.P. | 2024 | $110m | % | x |
| BDC V C LP | 2025 | $108m | % | x |
| B Capital Ascent Fund III, L.P. | 2024 | $108m | % | x |
| Thrive Capital Partners IX, L.P. | 2025 | $104m | % | x |
| HongShan Capital Growth Fund VII, L.P. | 2023 | $104m | % | x |
| Bridgepoint Europe VII D LP | 2024 | $101m | % | x |
| 2024 Golden Bay, L.P. | 2025 | $100m | % | x |
| Bain Capital Life Sciences Fund IV, L.P. | 2024 | $100m | % | x |
| Bear Technology Fund, L.P. | 2021 | $100m | % | x |
| Blackstone Communications Partners I L.P. | 2000 | $100m | 6.5% | 1.2x |
| BRV Lotus Fund III, L.P. | 2022 | $100m | % | x |
| California Community Venture Fund, LLC | 2003 | $100m | -1.6% | 0.9x |
| Cap Co-Invest LP | 2025 | $100m | % | x |
| Carmel Co-Investment, L.P. | 2025 | $100m | % | x |
| China Privatization Fund (Del), L.P. | 2006 | $100m | 13.7% | 1.9x |
| Cobalt Investment Fund, L.P. | 2024 | $100m | % | x |
| EMAlternatives Investments, L.P. | 2007 | $100m | 3.1% | 1.2x |
| Ember Infrastructure Fund II-B, LP | 2024 | $100m | % | x |
| Essential Innovation Partners (Opportunities) LP | 2025 | $100m | % | x |
| Essential Innovation Partners LP | 2025 | $100m | % | x |
| Francisco Partners Agility III, L.P. | 2025 | $100m | % | x |
| Francisco Partners III, L.P. | 2011 | $100m | 22.9% | 3.4x |
| GCM Grosvenor DEM, L.P. | 2012 | $100m | 8.4% | 1.4x |
| General Catalyst Group XII - Health Assurance, L.P. | 2024 | $100m | % | x |
| Generation IM Sustainable Private Equity Fund II (A), ILP | 2025 | $100m | % | x |
| Genstar Capital Partners X, L.P. | 2021 | $100m | % | x |
| GreatPoint Opportunity Fund I, L.P. | 2024 | $100m | % | x |
| Highland Citrus Holdings, L.P. | 2025 | $100m | % | x |
| Insight Partners XIII Growth Buyout Fund, L.P. | 2024 | $100m | % | x |
| Insight Venture Partners IX, L.P. | 2015 | $100m | 23.1% | 4x |
| Jomo Growth Opportunities Fund, L.P. | 2025 | $100m | % | x |
| Lightspeed Venture Partners Select V, L.P. | 2022 | $100m | % | x |
| Lightspeed Venture Partners Select VI, L.P. | 2025 | $100m | % | x |
| Magnolia Opportunities LLC | 2023 | $100m | % | x |
| Otro Capital Fund I-A, LP | 2025 | $100m | % | x |
| PAG Asia I LP | 2012 | $100m | 17.3% | 1.8x |
| Prysm Capital Fund I, L.P. | 2023 | $100m | % | x |
| PSG Encore L.P. | 2022 | $100m | % | x |
| PSG V L.P. | 2021 | $100m | % | x |
| SAIF Partners III L.P. | 2007 | $100m | 6.7% | 1.9x |
| SignalFire Sage Fund, L.P. | 2023 | $100m | % | x |
| Silver Lake Technology Investors V, L.P. | 2018 | $100m | 14.7% | 1.9x |
| Siris Partners IV, L.P. | 2019 | $100m | 7.5% | 1.3x |
| The Rise Fund III, L.P. | 2023 | $100m | % | x |
| Towerbrook Investors VI (Onshore), L.P. | 2024 | $100m | % | x |
| TPG Biotechnology Partners III, L.P. | 2008 | $100m | 11% | 2.2x |
| TPG GP Solutions (A), L.P. | 2024 | $100m | % | x |
| TPG Healthcare Partners, L.P. | 2019 | $100m | 10.9% | 1.4x |
| Valor Atreides AI I L.P. | 2025 | $100m | % | x |
| Wigmore Street Co-investment No. 1 LP | 2016 | $100m | 20.9% | 2.1x |
| Wigmore Street VI Co-Investment No. 1 LP | 2019 | $99m | 16.9% | 2.1x |
| EII-C SPV, LP | 2024 | $95m | % | x |
| Greenbriar Equity Fund VI, L.P. | 2023 | $95m | % | x |
| SignalFire Early Fund IV, L.P. | 2025 | $94m | % | x |
| SignalFire Seed Fund V, L.P. | 2024 | $94m | % | x |
| Yucaipa Corporate Initiatives Fund II, L.P. | 2008 | $94m | -1.3% | 0.9x |
| Coefficient Capital Fund II, LP | 2024 | $93m | % | x |
| Triton Fund IV L.P. | 2013 | $91m | 12% | 1.7x |
| New Mountain CAS Continuation Fund, L.P. | 2021 | $91m | % | x |
| SR One Capital Fund II-A, LP | 2023 | $90m | % | x |
| Bridgepoint Europe IV 'B' L.P. | 2015 | $90m | 11.9% | 1.4x |
| Coefficient Capital Apex Fund I, LP | 2023 | $84m | % | x |
| Apollo European Principal Finance Fund, L.P. | 2008 | $83m | 11.9% | 1.2x |
| Advent International GPE V-D, L.P. | 2005 | $81m | 42.7% | 2.4x |
| Silver Lake Technology Investors IV, LP | 2013 | $80m | 27.3% | 3.5x |
| Baring Vostok Private Equity Fund IV L.P. / Supplemental | 2007 | $78m | 1.6% | 1.1x |
| BOND III, LP | 2022 | $75m | % | x |
| Carlyle Asia Growth Partners III, L.P. | 2005 | $75m | -1.4% | 0.9x |
| Clearlake Capital Partners V, L.P. | 2018 | $75m | 32.3% | 2x |
| Palladium Equity Partners V, L.P. | 2018 | $75m | 13.2% | 1.6x |
| The Rise Fund (A), L.P. | 2018 | $75m | 9.2% | 1.4x |
| TPG Growth IV, L.P. | 2018 | $75m | 14.1% | 1.7x |
| TPG Life Sciences Innovations, L.P. | 2024 | $75m | % | x |
| Valor Equity Partners IV L.P. | 2017 | $75m | 20.6% | 3.4x |
| SR One Capital Opportunities Fund I, LP | 2023 | $72m | % | x |
| Acrew Capital Fund III, L.P. | 2024 | $70m | % | x |
| GB Palisade Partners, L.P. | 2025 | $70m | % | x |
| Set Builders II, LP | 2024 | $70m | % | x |
| B Capital Global Growth III, L.P. | 2023 | $68m | % | x |
| Balderton Capital Growth II, S.L.P. | 2024 | $63m | % | x |
| Green Equity Investors CF II, L.P. | 2021 | $61m | % | x |
| Khosla Ventures Seed, L.P. | 2009 | $60m | 1.4% | 1.2x |
| Springblue A-V, L.P. | 2024 | $60m | % | x |
| Hg Mercury 4 A L.P. | 2023 | $57m | % | x |
| Clearlake Capital Partners IV, L.P. | 2015 | $57m | 27.1% | 2x |
| Clearlake Opportunities Partners (P), L.P. | 2015 | $57m | 7.2% | 1.3x |
| Balderton Capital IX, S.L.P. | 2024 | $56m | % | x |
| Lightspeed Venture Partners XIV-B (Ignite), L.P. | 2022 | $55m | % | x |
| Lightspeed Venture Partners XV-B (Ignite), L.P. | 2025 | $55m | % | x |
| SignalFire XIR Venture Fund II, L.P. | 2024 | $52m | % | x |
| Wigmore Street BDC IV Co-Investment No.1 LP | 2021 | $50m | % | x |
| AACP China Growth Investors | 2007 | $50m | 7.8% | 1.6x |
| Acrew Diversify Capital Fund II, L.P. | 2024 | $50m | % | x |
| Arsenal Capital Partners Growth LP | 2022 | $50m | % | x |
| Asia Alternatives Capital Partners, LP | 2007 | $50m | 11% | 1.8x |
| Base10 Partners III, L.P. | 2022 | $50m | % | x |
| Base10 Series B I, L.P. | 2023 | $50m | % | x |
| Cerberus CAL IV Partners, L.P. | 2025 | $50m | % | x |
| Clearlake Capital Partners III, LP | 2012 | $50m | 40.7% | 2.9x |
| Francisco Partners Agility II, L.P. | 2020 | $50m | 28% | 2.2x |
| Grandval, L.P. | 2018 | $50m | 15% | 1.8x |
| Griffin Gaming Partners III, L.P. | 2025 | $50m | % | x |
| Noosa SPV, LP | 2025 | $50m | % | x |
| SPRINGBLUE A, L.P. | 2021 | $50m | % | x |
| SPRINGBLUE B, L.P. | 2021 | $50m | % | x |
| TA Select Opportunities Fund II-A, L.P. | 2021 | $50m | % | x |
| TCP II Co-Invest B, L.P. | 2015 | $50m | 10.3% | 1.7x |
| Asia Alternatives Capital Partners II LP | 2008 | $49m | 16.7% | 2.5x |
| Cerberus Ventures One, L.P. | 2025 | $45m | % | x |
| Lightspeed Venture Partners XIV-A (Inception), L.P. | 2022 | $45m | % | x |
| Lightspeed Venture Partners XV-A (Inception), L.P. | 2025 | $45m | % | x |
| Lime Rock Partners IV, LP | 2006 | $43m | 14.6% | 2.9x |
| Carlyle Europe Partners II, L.P. | 2003 | $42m | 19.7% | 1.6x |
| Forbion BioEconomy Fund I Cooperatief U.A. | 2024 | $40m | % | x |
| Vicente Capital Partners Growth Equity Fund, L.P. | 2007 | $40m | 5.7% | 1.4x |
| Springblue B-III, L.P. | 2023 | $40m | % | x |
| SL SPV-1, L.P. | 2017 | $39m | 3.2% | 1.3x |
| Blackstone Capital Partners V L.P. | 2006 | $38m | 7.8% | 1.5x |
| Pophouse Investment Platform SCA SICAV-RAIF -- Pophouse Co-Investment Fund II | 2025 | $38m | % | x |
| Canaan XIII Healthcare Fund L.P. | 2024 | $37m | % | x |
| B Capital MESA Venture Fund I, L.P. | 2025 | $36m | % | x |
| BVP Forge Institutional L.P. | 2023 | $35m | % | x |
| Wigmore Street (BDC III) LP | 2017 | $33m | 34.8% | 3.4x |
| HongShan Capital Venture Fund IX, L.P. | 2022 | $32m | % | x |
| GA Continuity II (GT) Fund, L.P. | 2025 | $32m | % | x |
| CF24XB SCSp | 2025 | $30m | % | x |
| SL SPV-2, L.P. | 2019 | $28m | 30.4% | 4.1x |
| Bridgepoint Europe III 'C' L.P. | 2015 | $28m | 4.2% | 1.2x |
| CalPERS Wellspring V, L.P. | 2011 | $25m | 21.2% | 2x |
| Mayfield Select III, a Delaware Limited Partnership | 2025 | $24m | % | x |
| Biogeneration Capital Fund V Cooperatief U.A. | 2023 | $23m | % | x |
| Mayfield XVII, a Delaware Limited Partnership | 2024 | $21m | % | x |
| Forbion Growth Opportunities Fund II Cooperatief U.A. | 2023 | $17m | % | x |
| Hedosophia Strategic Partners L.P. | 2024 | $14m | % | x |
| AACP AP Investors, L.P. | 2007 | $14m | 2% | 1.1x |
| HongShan Capital Seed Fund III, L.P. | 2022 | $12m | % | x |
| FSP LR, L.P. | 2024 | $10m | % | x |
| AACP India Investors B | 2007 | $5m | 12.8% | 4x |
| AACP India Investors C | 2009 | $5m | -1.6% | 0.9x |
| AACP India Venture Investors A | 2007 | $5m | 1.9% | 1.1x |
Figures as reported for CalPERS reporting as of 2025-09-30 · CalPERS PEP fund performance (public page) · Refresh: quarterly · Limitations: one LP's record, not the market; market value derived as total value minus distributed; CalSTRS' equivalent table is JS-rendered and pending a separate extraction lane
Changelog
- 2026-07-06 — page created: 462 CalPERS fund rows as of 2025-09-30.