This Global IRR Index release monitors 390 closed end funds across vintages from pre-2001 to 2022. All of these 390 funds follow a non-core strategy as defined by their managers and include 339 value added and 51 opportunistic funds. This release of the Global IRR Index features 74 Asia Pacific funds, 146 European and 170 funds focused on the USA.
Key highlights:
- The IRR of funds launched Post 2019 improved by 428 bps to -2.64%, from -6.93% in Q2.
- The two strongest vintage groups are still represented by funds launched before 2001 and between 2011 and 2013. They posted average IRRs of 14.73% and 14.26%, respectively.
- The best performing vintage group continues to be the USA’s 2008-2010 cohort which has delivered an equally weighted IRR of 18.66%.
The Global Internal Rate of Return (IRR) Index is jointly produced by INREV, ANREV and NCREIF to measure the IRR performance of non-core strategy closed end non-listed real estate vehicles since inception on a global scale.
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