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.

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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.

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