世界には、様々なPEファンドがあるわけですが、そのファンドのIRRが気になったので調べてみました。
VCは、なかなかのっていなかったので、主にPEファンドのIRRについてになります。

ファンド名、IRR、何倍になったかを表しています。

・DCM
DCM IV 5.01%

・Khosla Ventures
Khosla Ventures III, L.P. 13.7% 1.7x
Khosla Ventures Seed, L.P. 11.3% 1.5x

・Tiger Global Manegement
Tiger global PIP IV 12.6%
Tiger global PIP V  39.6%

・The Carlyle Group
Carlyle Asia Growth Partners III, L.P. -1.7% 0.9x
Carlyle Asia Growth Partners IV, L.P. 9.3% 1.4x
Carlyle Asia Partners (PV II), L.P. 18.4% 2.9x
Carlyle Asia Partners II, L.P. 7.7% 1.5x
Carlyle Asia Partners III, L.P. 11.6% 1.5x
Carlyle Europe Partners II, L.P. 19.9% 1.8x
Carlyle Europe Partners III, L.P. 11.1% 1.6x
Carlyle Europe Realty Partners, L.P. 13.9% 1.6x
Carlyle Europe Technology Partners II 14.1% 1.7x
Carlyle Global Financial Services, LP 13.6% 1.6x
Carlyle Mexico Partners, L.P. 7.9% 1.2x
Carlyle Partners IV, L.P. 14.8% 2.2x
Carlyle Partners V, L.P. 13.8% 1.7x
Carlyle Partners VI, L.P. -1.1%1 1.0x1
Carlyle Realty Qualified Ptrs III, L.P. 28.2% 2.4x
Carlyle Strategic Partners II, LP  11.8% 1.6x
Carlyle U.S. Growth Fund III, L.P. 7.4% 1.4x
Carlyle Venture Partners II, L.P. 1.9% 1.1x
Carlyle Japan Partners II, L.P. -1.5% 0.9x
Carlyle Japan Partners, L.P. 34.2% 2.5x

・Kohlberg Kravis Roberts
KKR 1982 Fund, L.P. 36.55% 3.0x
KKR 1984 Fund, L.P. 29.19% 4.4x
KKR 1986 Fund 28.01% 5.5x
KKR 1987 Fund 8.62% 1.7x
KKR 1993 Fund 16.67% 1.7x
KKR 1996 Fund, LP 13.20% 1.6x
KKR 2006 Fund, L.P. 9.14% 1.5x
KKR Beatrice, L.P. 43.17% 3.6x
KKR DAW, L.P. 13.08% 3.0x
KKR Millennium Fund, L.P. 16.97% 1.8x
KKR North America Fund XI, L.P. 24.22% 1.4x
KKR North America Fund XI, L.P. - Second Commitment 20.74% 1.3x
KKR Red Lion, L.P. 10.10% 3.3x
KKR Asian Fund II, L.P. 38.6% 1.5x
KKR Asian Fund, LP 14.1% 1.7x
KKR E2 Investors, L.P. 6.77% 1.2x
KKR European Fund L.P. 19.74% 2.1x
KKR European Fund II, L.P. 3.6% 1.3x
KKR European Fund III, LP 8.6% 1.3x
KKR European Fund, L. P. 24.7% 2.5x
KKR Millennium Fund 16.6% 2.0x

・The Blackstone Group
Blackstone - GSO Capital Solutions LP 14.6% 1.5x
Blackstone Capital Partners IV, L.P. 36.6% 2.8x
Blackstone Capital Partners V, L.P. 8.3% 1.6x
Blackstone Capital Partners VI, L.P. 14.3% 1.3
Blackstone Communications Partners I, LP 5.8% 1.2x
Blackstone Mezzanine Partners I, L.P. 8.6% 1.3x
Blackstone Tactical Opp. Fund II - C -0.7%1 1.0x1
Blackstone TOP Fund, L.P. 16.7%1 1.3x1

・Apollo Global Management
Apollo Asia Opportunity Fund, LP -2.6% 0.9x
Apollo Credit Opportunities Fund I, LP 27.6% 3.0x
Apollo European Principal Finance Fund 11.7% 1.6x
Apollo Investment Fund IV, L.P. 8.5% 1.7x
Apollo Investment Fund V, L.P. 37.6% 2.7x
Apollo Investment Fund VI, L.P. 9.2% 1.6x
Apollo Investment Fund VII, L.P. 24.9% 2.1x
Apollo Investment Fund VIII -4.4% 1.0x
Apollo Special Opp. Managed Acct, L.P. 6.4% 1.5x

・TPG
TPG Asia V, L.P. 3.8% 1.2x
TPG Biotechnology Partners II, L.P. 6.2% 1.4x
TPG Biotechnology Partners III, LP 12.1% 1.5x
TPG Biotechnology Partners, L.P. 9.7% 1.8x
TPG Partners III, L.P. 24.5% 2.6x
TPG Partners IV, L.P. 15.9% 2.1x
TPG Partners V, L.P. 4.2% 1.3x
TPG Partners VI, L.P. 13.0% 1.5x
TPG STAR, L.P. 11.9% 1.6x
TPG Ventures, L.P. 3.8% 1.2x
TPG Opportunities Partners II, L.P. 19.44% 1.5x

・CVC Capital Partners
CVC Capital Partners VI, L.P. -29.0% 0.7x
CVC Credit Strategic Investment A L.P. 58.5% 1.6x
CVC European Equity Partners II L.P. 19.0% 2.4x
CVC European Equity Partners III L.P. 41.1% 2.9x
CVC European Equity Partners IV, L.P. 17.2% 1.9x
CVC European Equity Partners L.P. 22.8% 2.5x
CVC European Equity Partners Tandem Fund 7.2% 1.3x
CVC European Equity Partners V, L.P. 11.5% 1.4x

・Ares Management
Ares Corp. Opportunities Fund I, L.P. 13.1% 1.7x
Ares Corp. Opportunities Fund II, L.P. 13.9% 1.9x
Ares Corp. Opportunities Fund III, L.P. 22.0% 2.0x
Ares Special Situations Fund, LP. 12.5% 1.7x

・Clayton Dubilier & Rice
Clayton, Dubilier & Rice Fund V, L.P. 2.29% 1.2x
Clayton, Dubilier & Rice Fund VI, L.P. 9.53% 1.5x

・Advent International
Advent Global Private Equity IV-A, L.P. 52.0% 3.2x
Advent International GPE V-D, L.P. 43.1% 2.4x
Advent International GPE VI-A, L.P. 19.5% 2.0x
Advent International GPE VII, L.P. 15.0% 1.2x
Advent Latin America Private Equity IV-D 10.5% 1.5x
Advent Latin America V 7.2% 1.2x
Advent Latin American Private Equity III 10.4% 1.5x

・EnCap Investments
EnCap Energy Capital Fund VI, L.P. 24.44%
EnCap Energy Capital Fund VII, L.P. 18.62%
EnCap Energy Capital Fund VIII, L.P. 12.77%
EnCap Energy Capital VIII Co-Investors 20.84%

・Bain Capital
Bain Capital Asia Fund II, L.P. 17.08%
Bain Capital Asia Fund, L.P. 6.96%
Bain Capital Coinvest Fund X, L.P. 3.14%
Bain Capital Fund IX, L.P. 6.62%
Bain Capital Fund X, L.P. 5.88%
Bain Capital IX Coinvest Fund, LP 11.23%

・Silver Lake
Silver Lake Credit Fund, L.P. 7.0% 1.4x
Silver Lake Partners II, L.P. 11.1% 1.9x
Silver Lake Partners III, L.P. 18.0% 1.7x
Silver Lake Partners IV 51.9% 1.6x

・Apax Partners
Apax Europe V 36.09%
Apax Europe VI - A, L.P. 14.19%
Apax Europe VII 5.94%
Apax Excelsior VI, L.P. 11.85%

KKRの最初始めのファンドのリターンがすごいですね…
さすが元祖PEという感じです。
ちなみに、個人的には、KKRが好きです。笑

IRRを調べていて思ったのが、ファンドサイズが縮小してるなぁってことです。
PEファンドにとって一番バブルだったのは、2005年~リーマンショック前までです。

KKRが、KKR Fund 2006だけで176.42億ドル(日本円で2兆1170億円)
Blackstoneが、Blackstone Capital Partners Vで217億ドル
Bain CapitalのBain Capital Fund IXで100億ドル、Bain Capital Fund Xで118億ドル
をそれぞれ調達しています。

頭がおかしい。笑
でも逆にいえば、ブームは過ぎたってことですねPEファンドの。

もっとPEファンドについて勉強したいなー。
AD