Global ex US PE/VC Benchmark Commentary

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The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index returned 2.0% in USD terms in fourth quarter 2015, bringing its return for the year to 5.7%, a small improvement over 2014. The Cambridge Associates LLC Emerging Markets PE/VC Index returned 5.1% in fourth quarter and 8.5% for the year, a drop of more than 5 percentage points from its 2014 return.