# Internal rate of return (IRR)

> Annualised return on a multi-year investment cash flow.

**Canonical URL:** https://classa.info/glossary/irr
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Annualised return on a multi-year investment cash flow.
- Standard metric for closed-end value-add and opportunistic real-estate funds.

## Key facts
- **category**: Investment
- **regionScope**: Global

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Citation: Source: Class A Atlas (https://classa.info/glossary/irr), updated 2026-04-01T00:00:00.000Z.