Hottub VC
Join free

Insight Venture Partners X

Insight Partners Vintage 2018 Reported by Colorado Public Employees' Retirement Association (Colorado PERA), Pennsylvania SERS, CalPERS

Net IRR21.3%Colorado Public Employees' Retirement Association (Colorado PERA), as of December 31, 2025
TVPI—Total value / paid-in
DPI1.21xDistributions / paid-in
Versus vintageQ1Top quartile · #1 of 10

What each LP reports

LPAs ofCommittedPaid inDistributedRemaining valueNet IRRTVPIDPIPaid in vs. value
Colorado Public Employees' Retirement Association (Colorado PERA)2025-12-31$40M$42M$51M—21.3%—1.21x
Pennsylvania SERS2025-12-31$100M$105M$124M$173M21.3%2.83x1.18x
CalPERS2025-12-31$250M$262M$306M$433M21.3%2.80x1.17x

Paid in Distributed Remaining value

2018 vintage in Colorado Public Employees' Retirement Association (Colorado PERA)’s portfolio

All 10 funds of vintage 2018 in Colorado Public Employees' Retirement Association (Colorado PERA)’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

Insight Venture Partners X: 21.3%Kelso Investment Associates X, L.P.: 18.4%LLR Equity Partners V: 18.1%Francisco Partners V: 17.1%Wellspring Capital Partners VI: 16.0%Marlin Equity V: 15.8%TPG Growth IV, L.P.: 13.7%Lime Rock VIII: 11.3%Foundry Group Next 2018, L.P.: 11.2%GSO Capital Solutions Fund III: 9.3%9.3%21.3%
#FundNet IRRTVPIDPI
1Insight Venture Partners X21.3%—1.21x
2Kelso Investment Associates X, L.P.18.4%—0.61x
3LLR Equity Partners V18.1%—0.74x
4Francisco Partners V17.1%—0.94x
5Wellspring Capital Partners VI16.0%—1.39x
6Marlin Equity V15.8%—0.62x
7TPG Growth IV, L.P.13.7%—1.00x
8Lime Rock VIII11.3%—0.96x
9Foundry Group Next 2018, L.P.11.2%—0.08x
10GSO Capital Solutions Fund III9.3%—1.07x

2018 vintage in Pennsylvania SERS’s portfolio

All 12 funds of vintage 2018 in Pennsylvania SERS’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

Clearlake Capital Partners V: 31.1%Insight Venture Partners X: 21.3%CVC Capital Partners VII: 19.9%GTCR Fund XII: 18.8%LLR Equity Partners V: 18.2%Providence Strategic Growth III: 17.0%TDR Capital IV: 15.9%NGP XII: 15.3%ICG Europe Fund VII: 14.2%Silver Lake Partners V: 11.2%11.2%31.1%
#FundNet IRRTVPIDPI
1Clearlake Capital Partners V31.1%1.89x1.40x
2Insight Venture Partners X21.3%2.83x1.18x
3CVC Capital Partners VII19.9%2.15x1.13x
4GTCR Fund XII18.8%1.88x1.23x
5LLR Equity Partners V18.2%2.31x0.74x
6Providence Strategic Growth III17.0%1.55x0.95x
7TDR Capital IV15.9%1.75x0.32x
8NGP XII15.3%1.64x1.06x
9ICG Europe Fund VII14.2%1.64x1.24x
10Silver Lake Partners V11.2%1.63x0.73x
—Hahn & Company IIIN/M—0.41x
—Hahn & Company III - Supplemental FundN/M—0.28x

2018 vintage in CalPERS’s portfolio

All 15 funds of vintage 2018 in CalPERS’s report, ranked by net IRR. Private equity, venture, and other strategies are mixed, so treat this as context rather than a strategy benchmark.

Clearlake Capital Partners V, L.P.: 31.0%Clayton, Dubilier & Rice Fund X, L.P.: 29.3%Insight Venture Partners X, L.P.: 21.3%CVC Capital Partners VII (A) L.P.: 19.8%Tailwind Capital Partners III, L.P.: 17.2%Carlyle Asia Partners V, L.P.: 15.2%Silver Lake Technology Investors V, L.P.: 14.3%Grandval, L.P.: 14.0%TPG Growth IV, L.P.: 13.6%Carlyle Partners VII, L.P.: 12.9%Palladium Equity Partners V, L.P.: 12.7%Blackstone Tactical Opportunities Fund III-C L.P.: 11.4%Silver Lake Partners V, L.P.: 11.3%Onex Partners V-B LP: 10.4%The Rise Fund (A), L.P.: 9.5%9.5%31.0%
#FundNet IRRTVPIDPI
1Clearlake Capital Partners V, L.P.31.0%1.90x1.40x
2Clayton, Dubilier & Rice Fund X, L.P.29.3%2.30x1.57x
3Insight Venture Partners X, L.P.21.3%2.80x1.17x
4CVC Capital Partners VII (A) L.P.19.8%2.10x1.27x
5Tailwind Capital Partners III, L.P.17.2%1.70x0.52x
6Carlyle Asia Partners V, L.P.15.2%1.30x0.85x
7Silver Lake Technology Investors V, L.P.14.3%1.90x0.90x
8Grandval, L.P.14.0%1.80x0.30x
9TPG Growth IV, L.P.13.6%1.70x1.00x
10Carlyle Partners VII, L.P.12.9%1.50x0.96x
11Palladium Equity Partners V, L.P.12.7%1.60x0.66x
12Blackstone Tactical Opportunities Fund III-C L.P.11.4%1.30x0.98x
13Silver Lake Partners V, L.P.11.3%1.60x0.74x
14Onex Partners V-B LP10.4%1.50x0.43x
15The Rise Fund (A), L.P.9.5%1.50x0.63x

Other reported funds by this firm

FundVintageNet IRRTVPIVersus vintage
Insight Partners XIII202521.8%—Second quartile
Insight Partners Fund XIII2024N/M1.17x
Insight Partners XIII2024N/M1.17x
Insight Partners XIII Growth Buyout Fund2024N/M—
Insight Partners Fund XI Follow-On Fund20226.5%1.18xSecond quartile
Insight Partners Fund XII20213.4%1.11xBottom quartile
Insight Partners XII20212.6%1.10xBottom quartile
Insight Partners XII Buyout Annex Fund20216.0%1.23xThird quartile
Insight Partners XI202011.2%1.73xThird quartile
Insight Venture Partners XI202012.3%1.75xSecond quartile
Insight Partners XI201912.6%1.80xTop quartile
Insight Venture Partners X2017N/M—
Insight Venture Partners Growth-Buyout Coinvestment Fund (B)201525.5%3.50xTop quartile
Insight Venture Partners Growth-Buyout Coinvestment Fund201524.4%3.24xTop quartile
Insight Venture Partners IX201522.5%3.95xTop quartile
Insight Venture Partners Coinvestment Fund III2014N/M—
Insight Venture Partners IX2014N/M—
Insight Venture Partners VIII201320.0%3.14xTop quartile
Insight Venture Partners VII201120.7%3.08x
Insight Venture Partners Coinvestment Fund II2010N/M—
Insight Partners XI—N/M1.72x
Insight Partners XII Buyout Annex Fund—N/M1.22x
Insight Partners XII—N/M1.09x
Insight Partners—N/M—
Insight Partners (Cayman) XI—N/M—
Insight Partners (Eu) XIII S.C—N/M—
Insight Partners Fund X Follow-On Fund—N/M—
Insight Partners Fund XIII—N/M—
Insight Partners IX, X, XI, XII, XIII, XIII GBO—N/M—
Insight Partners Opportunities Fund I—N/M—
Insight Partners Opportunities Fund II—N/M—
Insight Partners Opportunities I Annex A—N/M—
Insight Partners XII Annex A—N/M—
Insight Partners XIII—N/M1.17x
Insight Venture Partners (Cayman) X—N/M—
Insight Venture Partners GBCF—N/M—
Insight Venture Partners IX—N/M—
Insight Venture Partners X Follow-On Fund—N/M0.90x
Insight Venture Partners X—N/M2.78x

About this data

Colorado Public Employees' Retirement Association (Colorado PERA): Colorado PERA Private Equity Holdings, as of December 31, 2025. The IRR is the column PERA heads "Colorado PERA's Since Inception IRR"; PERA does not label it net or gross. PERA states that the limited partnership recordkeeping, including the IRR, is maintained internally by PERA for each limited partnership, that its IRR calculation method may differ from the methods used by the general partners or other limited partners, and that none of the information has been reviewed or approved by the general partners. 5 partnerships are marked "NM" (not meaningful) and have no IRR. PERA lists each partnership's vintage year, capital committed ("original primary commitments"), capital contributed and capital distributed in whole dollars, and no fair value or multiple, so total value and TVPI are blank (PERA says disclosure for this asset class is limited to this information, as required by Colorado Revised Statute § 24-51-213(3)); DPI = capital distributed / capital contributed is computed, and is blank for the 5 partnerships whose capital distributed is printed as a negative amount. 41 partnerships carry PERA's footnote "Assets transferred subsequent to 2010 merger of Denver Public Schools Retirement System" and are listed under vintage year 2010, the year of the merger; their vintage is left blank. All 425 rows of PERA's Private Equity list are included, liquidated partnerships among them, as PERA classifies them (buyout, growth, venture, secondaries, co-investments and some credit, mezzanine and energy partnerships); its separate Alternatives, Hedge Funds and Real Estate lists are not imported. View source

Pennsylvania SERS: SERS Quarterly Private Equity Board Update, Schedule of Investments by Sector, as of December 31, 2025. IRR and TVM (total value multiple) as reported by SERS in a quarterly update prepared by StepStone Group. The schedule's column is headed "IRR"; the report says "Net IRR is net of managers' fees, expenses, and carried interest" and that, unless otherwise indicated, performance is net of fees and expenses charged by the underlying investment but gross of StepStone vehicle/account fees and expenses. It also says the figures were prepared by StepStone on behalf of SERS and not provided by any general partner, and that IRR and TVM for certain vehicles may have been impacted by subscription-backed credit facilities. Total value = market value + distributions; TVPI is SERS's TVM recomputed to two decimals from the reported amounts (SERS prints one decimal) and DPI = distributions / contributions is computed. SERS marks some partnerships NM ("Not Meaningful", no rule stated) and leaves the TVM and IRR cells, and usually the market value, empty for 29 others; those fields are blank here. Covers the buyout, growth equity and special situations partnerships on the schedule; the Keystone Legacy Fund line (SERS's pooled non-core legacy funds) and the separate legacy private credit schedule are not included. Commitments to non-USD funds reflect current exchange rates. View source

CalPERS: CalPERS Private Equity Program Fund Performance, as of December 31, 2025. Net IRR and investment multiple as reported by CalPERS. N/M (not meaningful) for funds in early years is shown as blank. View source

Figures are as each LP reports them for its own investment, so they can differ between LPs because of timing, fees, and share class. Not investment advice.