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2022
Global Fund Performance Report (as of Q3 2022 with preliminary Q4 2022 data)
May 3, 2023
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Regime change arrives for private fund performance
Private equity and venture capital funds are generating lower returns on their investments with both strategies lagging far behind their 10-year averages on performance. Preliminary data from Q4 2022 shows PE and VC funds’ quarterly horizon IRR at -0.2% and -0.8%, respectively.
But across all private market strategies, overall performance in that quarter was around 0.5%—far behind the key public equities index. Real assets and real estate funds more than pulled their weight, delivering investor returns well above 10-year averages.
Our latest Global Fund Performance Report uses data through Q3 2022, as well as some preliminary Q4 figures, to dive into the returns generated across private market strategies.
Table of contents
Regime change arrives for private fund performance
Private equity and venture capital funds are generating lower returns on their investments with both strategies lagging far behind their 10-year averages on performance. Preliminary data from Q4 2022 shows PE and VC funds’ quarterly horizon IRR at -0.2% and -0.8%, respectively.
But across all private market strategies, overall performance in that quarter was around 0.5%—far behind the key public equities index. Real assets and real estate funds more than pulled their weight, delivering investor returns well above 10-year averages.
Our latest Global Fund Performance Report uses data through Q3 2022, as well as some preliminary Q4 figures, to dive into the returns generated across private market strategies.
Table of contents
| Overview | 3 |
| Private equity | 7 |
| Venture capital | 9 |
| Real estate | 11 |
| Real assets | 13 |
| Private debt | 15 |
| Funds of funds | 17 |
| Secondaries | 19 |