Global ex US PE/VC Benchmark Commentary

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During the third quarter, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index fell 5.0% in US$ terms, its first negative quarterly return since second quarter 2012. The Emerging Markets Index returned 1.6% in US$ terms. The PE/VC benchmarks for the global ex US developed markets and emerging markets outperformed their public counterparts. Both the developed and emerging markets PE/VC indexes have beaten the public indexes over the long term.