Investing in innovation
One of the biggest myths in venture capital investing is that established funds are the only way to generate outperformance.
Why Cambridge Associates?
An early partner to the first generation of venture investors
As an early pioneer in alternative asset investing, we introduced our first clients, a group of sophisticated US endowments, to venture capital investing in the late 1970s. Over the nearly five decades since, we have continually built the resources, relationships, and platform needed to help find and track best-in-class venture funds that will drive outperformance for our clients.
A first stop for the next generation of top-quartile venture funds
While venture capital investing often connotes established, access-constrained funds, a majority of the top-quartile performers in a given vintage year are actually emerging managers raising one of their first few funds.
Our deep global networks, built over more than 40 years of investing in venture capital, often make us the first stop for these individuals who spin out of their prior firms to set up their own shops. And our knowledge of those portfolio managers—along with deal-level information tracked in our proprietary database—helps us to glean insights on those spin-outs based on the managers’ histories.
- 150 Venture capital funds undergoing robust due diligence each year
- $90 billion+ Capital committed to venture capital by CA clients since 1980
A rigorous process has no substitute
With the wide dispersion of returns present in venture capital investing, investors need to feel confident that they are aiming for top-quartile returns. Rigorous due diligence and skilled manager selection are critical for building a successful venture capital portfolio.
A view on the VC market
In this interview with Family Capital Magazine, Chris Ivey spoke about how Cambridge Associates manages private investment portfolios on behalf of our private clients, with a special focus on the opportunities he’s seeing in venture capital.
How do you assess the opportunity set?A.
The addressable market for some startups and early stages have proved far greater than people expected. The rising tide is extraordinary and it is our job to find the managers with the best possible chance of success.