When it comes to value creation, the best-performing venture funds of the past decade are running away from the competition. In the 2019 vintage, for instance, the 90th percentile for TVPI sat at 3.01x at the end of last year, compared to a 75th percentile TVPI of 1.9x. This gap between the 75th and 90th percentiles of performance is far larger than the gap between the 75th percentile and the median (1.33x) of 2019 funds, or between the median and the 25th percentile (1.02x).
