Angela Sormani

A 2007 vintage Swedish buyout vehicle fighting to emerge from a negative IRR posted the greatest IRR increase by percentage points for The Regents of the University of California buyout fund portfolio in the first quarter of 2013, according to the latest return data available from the university.

It’s Bridgepoint’s 2008 vintage European large buyout vehicle that has shown the greatest IRR increase by quarter in the most recent figures from Washington State Investment Board to June 30. The data compares some 192 buyout-related vehicles, ranging from vintages 1994 to 2011.

Wingate Partners’ 2007 vintage scores the biggest leap in IRR for University of Texas Investment Management Co, according to a comparison of performance data for the periods August 2012 to August 2013. The data compares some 178 buyout-related vehicles with vintages ranging from 1996 to 2011.

Searchlight Capital, the buyout firm launched by former KKR and Apollo Global executives, posted the greatest year-on-year multiple increase for the $159 billion New York State Common Retirement Fund, according to a comparison of performance data for the period March 2012 to March 2013. The data compares some 197 buyout-related vintages ranging from as far back as 1987 to as young as 2011.

The 2001 vintage First Reserve Fund IX was the top performing mega buyout fund as of June 30 in a scorecard of the $53.9 billion Boston-based Massachusetts Pension Reserves Investment Management Board.

The 2008 vintage Evergreen Pacific Partners II LP comes out top of Washington State Investment Board’s small buyout performers looking at a ranking of nineteen vehicles in that category, ranging from vintages 1994 to 2011, as of March 31, 2013.

It’s the 2008 vintages that are working the hardest in terms of year-on-year internal rate of return (IRR) increases for the $170 billion California State Teachers’ Retirement System, according to a comparison of performance data for the periods to March 2012 and March 2013, with vintages ranging from 1989 to 2008.

Buyouts’ analysis of performance data for Indiana Public Retirement System to 31 March, 2013 takes a look at the top ten performers within Indiana’s 2008 vintage funds. CID Capital Opportunity Fund comes out on top, posting an IRR of 31.89 percent and multiple of 1.78x. Crestview Partners II takes second place with an IRR of 27.79 percent and multiple of 1.57x. Third place goes to Apollo Investment Fund VII with an IRR of 24.59 percent and 1.53x multiple.

HIG Capital IV, a 2006 vintage buyout fund that raised $750 million, holds the top spot of the University of California’s buyout-related vehicles, according to data released for year-end 2012 by the university. Not faring so well from that vintage year is J.C. Flowers II LP, which comes at the bottom of the list of buyout performers.

KPS II, a 2002 vintage turnaround fund, is the $9.2 billion Connecticut State Employees Retirement System’s top performer as of Dec. 31, 2012. That fund posted an IRR and multiple of 63.6 percent and 3.5x.