Buysiders Research

The Buyside Performance Benchmark

One benchmark, read three ways: by fund, across the LP and GP sides of the table, by asset class, and by the industry the capital actually went into.

By fund

LP and GP fund performance

Net IRR, TVPI, DPI and RVPI laid out as quartile bands by vintage year, the same Q1, median and Q3 read LPs use to size a commitment and GPs use to position a raise. Every cell carries a fund count, so a thin sample is flagged, not hidden.

20202021202220232024
Illustrative shape. Live figures are in the benchmark desk.
By asset class

Private equity, venture, credit and more

The same metric, held constant, compared across asset classes: private equity, venture capital, private credit, real estate, infrastructure, hedge funds and secondaries. See where a vintage rewarded illiquidity and where it did not.

Private EquityVenture Capit.Private CreditHedge FundsReal EstateInfrastructureSecondaries
Illustrative shape. Live figures are in the benchmark desk.
By industry

Where in the economy capital actually worked

Fund and deal performance rolled up by the industry the underlying companies sit in, technology against health care against industrials, so a benchmark reads by sector exposure, not only by vehicle type.

Information T.Health CareFinancialsIndustrialsConsumer Disc.Communication.
Illustrative shape. Live figures are in the benchmark desk.

Methodology, in short

Every cell is quoted as of a stated date, min, Q1, median, Q3, max and a weighted average, alongside the fund count behind it. A cell built from fewer than five funds is flagged as low sample rather than smoothed over.

Net IRR, TVPI, DPI, RVPI and called capital are the metrics on offer today. A fund can be dropped onto the vintage band directly to see how it sits against its peers.

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