The evolution of carbides and the coarsening behavior of L12 ordered γ′ phase in Ni–25Cr–20Co alloys aged for varying time from 1000 to 5000 h at 700 and 750 °C were discussed in this paper. The mechanical properties of the alloys after aging were also discussed. Due to the changing of predominated resistance factor, a few of the γ′ precipitates’ shape changed from spherical to cuboidal after aging at 750 °C for 3000 h. The sizes and volume fraction of the γ′ precipitates were measured after aging at both temperatures. The experimentally determined temporal exponent of the γ′ coarsening indicated that the coarsening kinetics is in accordance with both models: the classical matrix diffusion LSW model and the trans-interface diffusion-controlled model. Additionally, the coarsening rate of the γ′ precipitates is dominated by the diffusion coefficients of Nb based on the classical LSW model. Furthermore, the yield strength curves of the alloys aged at 700 °C showed different trends at both test temperatures which is related to the influence of γ′ coarsening on the critical resolved shear stress.