The twelfth consultation release of the Global IRR Index includes 343 funds with non-core strategies, comprising of 301 value added and 42 opportunity funds.

Key highlights:

• This Global IRR Index release features 73 Asia Pacific, 118 European and 152 US funds
• Funds with a first closing in 2020 recorded an average equally weighted IRR of 16.8% in Q3 2022
• Multi country funds show an average interquartile range of 9.6%, versus the single country equivalent of 11.7%
• The best performing vintage group for US funds is 2008-2010 with an average IRR of 18.7%. For both Asian Pacific and European funds it is 2011-2013, with average IRRs of 16.2% and 11.8%, respectively