The youngest cohort of vehicles in the INREV IRR Quarterly Index, closing between 2020 and 2022, increased their weighted average IRR by 20 bp in Q2 to 5.2%, and their equally weighted IRR by 260 bps to 5.5%.
Key highlights include:
- Funds launched in 2019 have benefitted from a strong post pandemic market recovery
- The cohort of 25 funds launched into favourable market conditions between 2017 and 2019 produced a weighted average IRR of 15.1% in the period ending Q2
- Eight core vehicles in the 2017- 2019 cohort have produced a weighted average IRR in the period from first closing to Q2 of 10.3%. The more aggressively positioned 17 non-core vehicles launched at the same time have reported an equivalent IRR of 17.1%.
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INREV Internal Rate of Return (IRR) Quarterly Index
Last updated on 10 Sep 2024
The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis.