# Vintage year

> Year a fund first deploys capital — the key benchmark for performance.

**Canonical URL:** https://classa.info/glossary/vintage-year
**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
- Year a fund first deploys capital — the key benchmark for performance.
- Class A fund returns are highly vintage-dependent: 2009–11 vintages (post-GFC) outperformed; 2020–22 vintages (cap-rate compression peak) underperformed..

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

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