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Benchmarks

Benchmarks

Compare your VC fund performance against peers

>

Benchmarks

Benchmarks

Compare your VC fund performance against peers

>

Benchmarks

Benchmarks

Fund benchmarking and Benchmark Data

For informational purposes only. Not investment advice. Past performance does not predict future results.

Your Fund

Select vintage year and fund size, then enter at least one metric to see your position in the cohort. Your data stays in your browser. Nothing is stored or submitted.

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Benchmark distributions

P25 / median / P75 / P90

Net IRR

Net internal rate of return (after fees and carry)

Carta
P25: -1.9%P50: 3.0%P75: 10.3%P90: 19.5%
PitchBook
P25: -6.3%P50: 7.5%P75: 12.3%P90: 24.8%
Aduro Advisors
P25: -0.4%P50: 2.8%P75: 11.2%P90: 11.2%
AngelList
P25: 4.2%P50: 10.7%P75: 19.5%P90: 33.1%
Cambridge Associates
P25: 3.0%P50: 10.1%P75: 15.5%P90: 24.0%

DPI

Distributions to paid-in capital

Carta
P25: 0.00xP50: 0.00xP75: 0.08xP90: 0.24x
PitchBook
P25: 0.00xP50: 0.07xP75: 0.22xP90: 0.55x
Aduro Advisors
P25: 0.00xP50: 0.00xP75: 0.00xP90: 0.12x
AngelList
P25: 0.00xP50: 0.06xP75: 0.19xP90: 1.29x
Cambridge Associates
P25: 0.09xP50: 0.12xP75: 0.15xP90: 0.20x

TVPI

Total value to paid-in capital (realised + unrealised)

Carta
P25: 0.93xP50: 1.10xP75: 1.43xP90: 1.98x
PitchBook
P25: 0.82xP50: 1.29xP75: 1.47xP90: 2.39x
Aduro Advisors
P25: 0.97xP50: 1.08xP75: 1.45xP90: 1.79x
AngelList
P25: 1.23xP50: 1.59xP75: 2.47xP90: 3.53x
Cambridge Associates
P25: 0.95xP50: 1.42xP75: 2.04xP90: 3.02x

MOIC

Multiple on invested capital

Aduro Advisors
P25: 1.19xP50: 1.29xP75: 1.29xP90: 1.79x

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Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.