Benchmark Type: Commentaries

January 2021
US PE/VC Benchmark Commentary: First Half 2020

First half 2020 was downright Dickensian (as in a “tale of two quarters”); first quarter returns were down as the COVID-19 pandemic began to close economies, while second quarter performance was strongly positive as public and private investments rebounded. For the six-month period, the Cambridge Associates LLC US Private Equity Index® returned 1.6% (-8.1% and…
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January 2021
Global ex US PE/VC Benchmark Commentary: First Half 2020

The Cambridge Associates LLC Developed Markets ex US Private Equity and Venture Capital (PE/VC) Index returned -1.5% in first half 2020 in USD terms after suffering significant losses (-10.8%) from the onset of COVID-19 in first quarter. The Cambridge Associates LLC Emerging Markets Private Equity and Venture Capital Index earned 4.7% due to a strong…
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August 2020
Global ex US PE and VC Benchmark Commentary: Calendar Year 2019

In 2019, in USD terms, the Cambridge Associates LLC Developed Markets (ex US) Private Equity and Venture Capital (PE and VC) Index returned 18.9%, driven largely by a strong fourth quarter. The Cambridge Associates LLC Emerging Markets Private Equity and Venture Capital Index earned 11.6% for the year, with middling returns in the second and…
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August 2019
US PE/VC Benchmark Commentary: Second Half and Full Year 2018

In contrast to the public markets, and despite a weak fourth quarter, the Cambridge Associates US private equity and venture capital indexes both produced double-digit positive returns for calendar year 2018. Public market volatility, particularly in the final quarter of the year, heavily impacted the large sectors within the private equity index. Nonetheless, almost all…
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