LP Toolkit/Private Equity Fund Size CAGR Calculator for LPs

Private Equity Fund Size CAGR Calculator for LPs

Compare how fast a private equity or VC manager has grown its fund size over time.

Questions this calculator answers
  1. If a fund grows from $150 million to $600 million in eight years, how fast has its size grown each year?
  2. How many times larger is the latest fund than the first one?
  3. How would the yearly growth rate change if that growth took ten years?

Long-term fund growth at a glance

Estimate based on the inputs shown.

Fund size CAGR
+18.9%

Fund size changed from $150m to $600m over 8 years.

Total growth+300.0%Full-period increase or decrease.
Fund size multiple4.00xLatest fund divided by starting fund.
Average annual increase$56.3mThe dollar change divided by years. This is not compound growth.

How it is calculated

CAGR = (latest fund size ÷ starting fund size)^(1 ÷ years) − 1

CAGR turns the full change into one yearly compound growth rate. The funds were likely raised at an uneven pace.

Read the result in context

Fund-size CAGR helps an LP compare growth over different time spans. Also review changes in strategy, team size and ownership targets. Check how much the manager has been able to invest and the case for a re-up.

Why use years instead of number of funds?

Using years gives a yearly compound growth rate. It does not assume an equal gap between funds.

Can fund-size CAGR be negative?

Yes. If the latest fund is smaller than the starting fund, CAGR is negative.

Does CAGR show each fund’s actual growth?

No. It uses only the first size, latest size and time between them.