2021
Global Fund Performance Report as of Q2 2020 (with preliminary Q3 2020 data)
March 3, 2021
VC leads the way in latest private fund performance
Venture capital funds posted a horizon IRR of 10.5% during the third quarter of 2020, the best figure for any major private market strategy and topping a return of 9.8% for private equity. PitchBook's latest Global Fund Performance Report takes a close look at the ways those figures compare with other major private-market strategies—and how they compare with VC and PE fund performance on much longer horizons. Key takeaways include:
Venture capital funds posted a horizon IRR of 10.5% during the third quarter of 2020, the best figure for any major private market strategy and topping a return of 9.8% for private equity. PitchBook's latest Global Fund Performance Report takes a close look at the ways those figures compare with other major private-market strategies—and how they compare with VC and PE fund performance on much longer horizons. Key takeaways include:
- Across all strategies, private capital funds recorded a 6.8% return in Q3, compared with 4.4% on a one-year horizon
- In terms of returns, real assets has lagged behind other private strategies over the past decade
- Still, each strategy has posted positive results over three-, five-, and 10-year horizons