The performance of funds launched in 2020 slowed in Q2, with an equally weighted IRR decreasing to 14.2%, from 16.5% in Q1.
The eleventh Global IRR Index Consultation release includes 341 closed end funds across vintages from pre-2002 to 2020 with a non-core manager defined strategy.
Key highlights:
- The cohort of funds launched before 2002 continues to represent the strongest group with an IRR of 14.7%
- The weakest vintage group contains funds launched in the shadow of the GFC with an IRR of 1.3%
- The USA’s 2008-2010 vintage group continues to be the best performing across all funds domiciled in the USA, Asia Pacific and Europe, with an equally weighted IRR of 18.7%. In Europe, the highest IRR of 12.4% is reported for the post-2016 vintage and in Asia Pacific funds launched between 2011 and 2013 have outperformed, with an average IRR of 16.9%.
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Global Internal Rate of Return (IRR) Quarterly Index
Last updated on 17 Jan 2023
The first Global IRR Index provides data on the performance of value added and opportunity strategy closed end non-listed real estate funds in Asia Pacific, Europe and the US.