DEFINITION of 'Pooled Internal Rate Of Return  PIRR'
A method of calculating the overall internal rate of return (IRR) of a portfolio of several projects by combining their individual cashflows. The overall IRR of the portfolio is then calculated from this pooled cash flow.
Next Up
BREAKING DOWN 'Pooled Internal Rate Of Return  PIRR'
The pooled IRR concept can be applied, for example, in the case of a private equity group that has several funds. The pooled IRR can establish the overall IRR for the private equity group, and is better suited for this purpose than say average IRR of the funds, which may not give an accurate picture of overall performance.
RELATED TERMS

Internal Rate Of Return  IRR
A metric used in capital budgeting measuring the profitability ... 
IRR Rule
A measure for evaluating whether to proceed with a project or ... 
The Net Internal Rate Of Return ...
A measure of a portfolio or fund's performance that is equal ... 
Modified Internal Rate Of Return ...
While the internal rate of return (IRR) assumes the cash flows ... 
Annuity Method Of Depreciation
A method of depreciation centered around cost recovery and a ... 
MoneyWeighted Rate Of Return
A measure of the rate of return for an asset or portfolio of ...
Related Articles

Fundamental Analysis
Internal Rate Of Return: An Inside Look
Use this method to choose which project or investment is right for you. 
Professionals
Internal Rate Of Return
Find out how to use IRR to analyze capital budgeting projects. 
Fundamental Analysis
Return on Investment (ROI) Vs. Internal Rate of Return (IRR)
Read about the similarities and differences between an investment's internal rate of return (IRR) and its return on investment (ROI). 
Fundamental Analysis
Calculating the Internal Rate of Return Using Excel
The internal rate of return on investments is explained and illustrated in different investment scenarios. 
Professionals
Capital Budgeting
Capital budgeting is really important when making important business decisions. 
Forex
Understanding Internal Rate Of Return
Internal rate of return, or IRR, is one of the most popular methods of evaluating potential projects. Learn more about this important metric. 
Professionals
Advantages And Disadvantages Of NPV and IRR
Find out how to decide when to use these two methods, and when to avoid them. 
Term
Internal Rate of Return Formula for Excel
The internal rate of return, or IRR, is a popular metric businesses use to measure a projectâ€™s return on investment. 
Professionals
Advantages and Disadvantages of the NPV and IRR Methods
CFA Level 1  Advantages and Disadvantages of the NPV and IRR Methods. Learn the advantages and disadvantages to the NPV and IRR valuation methods. Explains why these two methods can offer conflicting ... 
Professionals
Net Present Value (NPV) and the Internal Rate of Return (IRR)
CFA Level 1  Net Present Value (NPV) and the Internal Rate of Return (IRR). Learn how to calculate net present value and internal rate of return. Provides samples highlighting the relationship ...
RELATED FAQS

What is the formula for calculating internal rate of return (IRR) in Excel?
Understand how to calculate the internal rate of return (IRR) using Excel and how this metric is used to determine anticipated ... Read Answer >> 
What is the formula for calculating the internal rate of return (IRR)?
Learn about the internal rate of return, an important concept in determining the relative attractiveness of different investments. Read Answer >> 
Which is a better measure for capital budgeting, IRR or NPV?
In capital budgeting, there are a number of different approaches that can be used to evaluate any given project, and each ... Read Answer >> 
What's the difference between weighted average cost of capital (WACC) and internal ...
Both weighted average cost of capital (WACC) and internal rate of return (IRR) are great measures for assessing value, but ... Read Answer >> 
Why is the Modified Internal Rate Of Return (MIRR) preferable to the regular internal ...
See why the modified internal rate of return is often a superior metric to the classic internal rate of return for assessing ... Read Answer >> 
What is the relationship between the hurdle rate (MARR) and the Internal Rate of ...
Find out how companies and managers use hurdle rate, or MARR, and internal rate of return, or IRR, to evaluate projects and ... Read Answer >>