Dakota Marketplace Benchmark Calculator

Know exactly how your fund performs against its peers.

Is your fund outperforming its peers? Are you delivering top-quartile returns? Compare your Net IRR and TVPI against funds of the same vintage year and investment strategy, and find out in seconds.

Benchmark Your Fund ▶ See the Calculator

Private Fund Benchmark Calculator

74,000+ private funds. 19,000+ funds with performance data. One powerful benchmarking platform.

A powerful new feature within Dakota Marketplace. Compare your fund's performance against Dakota's extensive private fund performance database, and see where you rank, instantly.

Rank and quartile placement in seconds

Compare by vintage year, asset class, sector, and industry

Explore, export, and print the peer funds behind it

74,000+

Private Funds Tracked in Dakota Marketplace

19,000+

Funds With Performance Data

Steps to Benchmark Your Fund

Quartiles, Ranked Instantly

Introducing

The Dakota Benchmark Calculator. Now you can find out in seconds.

New under Performance & Benchmarking in Dakota Marketplace. Enter your Net IRR and/or TVPI and see your rank, quartile, and gap to the median. Then open the peer funds behind it.

See the calculator →

Why it matters

Faster than doing it by hand

No manual data gathering. Your rank and quartile, instantly.

Transparent peer groups

See exactly which funds you are compared against.

Ready for investor conversations

Back fundraising with results you can print to PDF.

See It in Action

Select. Enter. See where you rank.

Benchmark Calculator Latest benchmark: 2Q26

Enter your fund's Net IRR and TVPI to see how it compares with the Dakota benchmark median for its asset class and sub-asset class.

Fund Vintage Year

2019

Asset Class

Private Equity

Sub-Asset Class

Buyout

Sector

All Sectors

Industry

All Industries

Your Net IRR (%)

18.5

Your TVPI (x)

1.90

Calculate

Performance reflects the most recently available quarterly data.

Quartile Placement1st Quartile

Rank12 of 96

Net IRR vs. Median+4.3 pts

TVPI vs. Median+0.3x

4TH

3RD

2ND

1ST

Your fund

Peer Funds in This Benchmark

SearchFilterExportPrint PDF

#	Fund	Vintage	Net IRR	TVPI
1	Peer Fund Name A	2019	24.1%	2.2x
2	Peer Fund Name B	2019	22.7%	2.1x
12	Your Fund	2019	18.5%	1.9x
13	Peer Fund Name C	2019	18.2%	1.8x

Dakota Marketplace Performance Disclaimer

Illustrative example with sample values. Peer fund names are hidden in this preview.

Context Matters

Is your fund top quartile? Find out instantly.

A 15% Net IRR can be outstanding for one strategy and below median for another. Performance needs context.

The Question

"Our fund returned a 15% Net IRR. Is that top quartile?"

Your return alone

What you know

A single number: a 15% Net IRR.

What you can't tell

Whether that is outstanding for your strategy or below the median for your vintage.

Your return plus Dakota

Benchmarked against

Funds of the same vintage year and investment strategy.

What you see

Your rank, your quartile placement, and how far you sit above or below the benchmark median.

Illustrative example.

The questions fund managers and institutional investors ask every day:

Net IRR

How does my fund's Net IRR compare with other funds of the same vintage?

Quartile

Am I delivering first-, second-, third-, or fourth-quartile performance?

TVPI

How does my TVPI compare with the benchmark median?

Rank

Where does my fund rank among comparable funds?

Peers

Which funds make up the benchmark?

Reporting

How can I communicate my performance relative to peers?

Knowing your return is important. Knowing how it compares is even more valuable.

The Power of 74,000+ Private Funds

Performance data, across every major private asset class.

Dakota tracks 74,000+ private funds, with performance data on 19,000+ across every major private asset class.

Private Equity

5,500+

Private Equity Funds

Compare Net IRR and TVPI against relevant private equity benchmarks.

Private Credit

2,100+

Private Credit Funds

Evaluate relative performance across private credit strategies.

Private Real Estate

4,700+

Private Real Estate Funds

Benchmark real estate fund returns against peers.

Infrastructure & Real Assets

2,000+

Infrastructure & Real Assets Funds

Compare returns across private infrastructure and real assets.

Venture Capital

1,200+

Venture Capital Funds

See how your fund compares with similar vintages.

All Asset Classes

19,000+

Funds With Performance Data

Across all benchmarking asset classes in Dakota Marketplace.

How the data is built

Dakota Marketplace tracks performance for more than 19,000 private funds, collected and enriched by our research team and through manager submissions since 2022, and refreshed every quarter as new data arrives. Every fund is classified by normalized asset class, sub asset class, and sector or industry, so you are compared against true peers, not a loose category.

More funds means tighter peer sets. Fresher quarters mean a ranking you can trust.

Buyout, credit, or real estate: put your returns in context.

Explore Dakota's Private Fund Database

How It Works

Five simple steps. Seconds, not spreadsheets.

No spreadsheets. No consultants. No manual research.

Select your vintage year

The vintage year of your fund.

Choose your asset class

Pick from the benchmarking categories.

Refine your peer group

Add an optional sub-asset class, sector, or industry for tighter peers.

Enter your fund's performance

Input your Net IRR, TVPI, or both.

Instantly see where you rank

Get your rank, quartile, and difference from the median.

Ready to see where you rank? It takes seconds.

Try the Benchmark Calculator

Transparency That Takes Benchmarking Further

Don't just see the benchmark. Explore the funds behind it.

Click “View the peer funds in this benchmark” to see the funds behind your result. Search, filter, and export to Excel.

View

Explore the funds included in your benchmark comparison.

Find individual funds within the peer universe.

Filter

Narrow the underlying fund data to support your research.

Export

Export the peer-fund records to Excel for further analysis.

Report

Print your benchmark results to PDF for presentations and reporting.

For fund managers

Greater insight into competitive performance.

For institutional investors

Greater transparency when evaluating managers.

For consultants and advisors

Additional data to support investment research and reporting.

Dakota shows where you stand and who you're compared against.

Who It's For

Built for fund managers, institutional investors, and investment professionals.

Private Equity

Private Equity Fund Managers

Compare Net IRR and TVPI against PE benchmarks and see your quartile.

5,500+ funds with performance data

Private Credit

Private Credit Fund Managers

See where your fund stands against credit peers of the same vintage.

2,100+ funds with performance data

Private Real Estate

Private Real Estate Fund Managers

Benchmark real estate returns against true peers.

4,700+ funds with performance data

Infrastructure & Real Assets

Infrastructure & Real Assets Fund Managers

Compare returns across infrastructure and real assets.

2,000+ funds with performance data

Venture Capital

Venture Capital Fund Managers

See how your fund compares with similar VC vintages.

1,200+ funds with performance data

Allocators

Institutional Allocators, Consultants, and Family Offices

Add benchmark context to manager selection and due diligence.

Part of Dakota Marketplace

More than a benchmark calculator. A complete private fund intelligence platform.

Move from a quick comparison to deeper fund research without leaving Dakota Marketplace.

One platform. 74,000+ private funds. 19,000+ funds with performance. Powerful benchmarking intelligence.

FAQ

Frequently asked questions.

What is the Dakota Benchmark Calculator?

The Dakota Benchmark Calculator is a feature within Dakota Marketplace that allows investment professionals to compare a private fund's Net IRR and/or TVPI against relevant private fund performance benchmarks.

How many private funds does Dakota track?

Dakota Marketplace tracks more than 74,000 private funds across major alternative investment asset classes.

How many funds have performance data?

Dakota has performance data covering more than 19,000 private funds, including private equity, private credit, private real estate, infrastructure and real assets, venture capital, and other strategies.

How does the Benchmark Calculator work?

Users select a vintage year and asset class, optionally narrow by sub-asset class, sector, and industry, then enter their fund's Net IRR and/or TVPI. Dakota displays the fund's ranking, quartile placement, and difference from the benchmark median.

Can I see the funds included in my benchmark?

Yes. The calculator allows users to view, search, filter, and export the peer funds underlying each benchmark.

Can I download the results?

Yes. Users can print benchmark results to PDF and export underlying peer-fund data for additional research and reporting.

Is the Benchmark Calculator available within Dakota Marketplace?

Yes. Navigate to:
Marketplace → Performance & Benchmarking → Benchmark Calculator

Get Started

Your fund's performance deserves context. Discover where you stand.

With more than 74,000 private funds tracked and over 19,000 funds with performance data, Dakota Marketplace gives investment professionals a powerful way to understand relative performance. Compare your Net IRR and TVPI. Discover your quartile ranking. Explore the underlying peer funds. Generate professional benchmark reports. All in seconds, all within Dakota Marketplace.

Book a Dakota Demo

Inside Dakota Marketplace

74,000+ private funds

Tracked in Dakota Marketplace, with performance data on 19,000+ funds.

Where to find it

Marketplace → Performance & Benchmarking → Benchmark Calculator

Know exactly how your fund performs against its peers.

The Dakota Benchmark Calculator. Now you can find out in seconds.

Select. Enter. See where you rank.

Peer Funds in This Benchmark

Is your fund top quartile? Find out instantly.

Your return alone

Your return plus Dakota

Performance data, across every major private asset class.

Five simple steps. Seconds, not spreadsheets.

Don't just see the benchmark. Explore the funds behind it.

Built for fund managers, institutional investors, and investment professionals.

More than a benchmark calculator. A complete private fund intelligence platform.

Frequently asked questions.

Your fund's performance deserves context. Discover where you stand.

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