VC fund performance is down sharply - but it may have already hit its lowest point | TechCrunch

SFERS's venture portfolio recorded a -.9% IRR in 2023, indicating a decline in overall fund performance. The newer fund commitments were not yielding enough returns to offset losses from mature funds.

In comparison, a more 'normal' year like 2018 saw SFERS with a 22.3% IRR, showing the effect of different market conditions on fund performance.

Read at TechCrunch