What is considered a good return for an entire fund?

What is a good net annual return for a mature PE fund? Has this changed a lot over the last couple years?

Just curious as I compare across firms. Have a few interviews and both firms are pointing to their fund performance which differ vastly.

 

Funds are usually compared across vintage (the year the fund closed) within a certain strategy/market segment (ie a buyout fund raised in 2006 wouldn't be compared to a VC fund from 2005, and mid-market buyouts aren't directly analogous to large-cap) because there's a lot of beta/market cycle issues.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 
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