Quick LP Calculator
Fund Size CAGR Calculator
Annualize the change in a manager’s fund size across a multi-year period.
What annual fund-size growth takes a manager from $150m to $600m over eight years?
Results
Long-term fund growth at a glance
Illustrative estimate based on the assumptions shown.
How it is calculated
CAGR = (latest fund size ÷ starting fund size)^(1 ÷ years) − 1
CAGR smooths the full change into one annual compound rate; actual fundraising was likely uneven.
What this tells you
Read the result in context
Fund-size CAGR helps compare manager growth across periods of different length. It should be read alongside strategy changes, team growth, ownership targets and realized deployment capacity.
Frequently asked questions
Why use years instead of number of funds?
Years produces a familiar annual compound growth rate and avoids assuming equal time between vintages.
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 summarizes only the starting size, latest size and elapsed period.