Benchmark Type: Commentaries

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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October 2018
Global ex US PE / VC Benchmark Commentary: Fourth Quarter 2017

In USD terms, the Cambridge Associates LLC benchmark indexes for global ex US developed and emerging markets private equity[ref]Beginning with this quarter’s edition of the global ex US benchmark commentary, “private equity” will refer only to buyout and growth equity funds in the benchmark indexes, and will not include energy-focused and subordinated capital funds. The focus on buyout and growth equity funds is to better represent the private equity asset class; the removed strategies are established independent strategies in their own right and should be analyzed separately. It should be noted that the energy and subordinated capital funds have tended to compose a minority of the benchmark indexes.[/ref] and venture capital (PE/VC) produced nearly identical results in fourth quarter 2017 (5.7% and 5.6%, respectively); but, for the year, the developed markets index earned a significantly better return (30.0% versus 18.9%).
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