Global ex US PE/VC Benchmark Commentary

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In the second quarter, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index rose 4.9% in US$ terms, its eighth consecutive positive quarter. The Emerging Markets PE/VC Index returned 4.6% in US$ terms. The PE/VC benchmark for developed markets ex US outperformed its public counterpart in the second quarter but the emerging markets PE/VC index fell short of its public market peer. Both the developed and emerging markets PE/VC indexes have beaten the public indexes over the long term.