News

We have a lot to say and a lot to share, and we are making headlines across the globe. Read our latest releases and news coverage to stay updated on issues top of mind for global investors and what’s going on at CA.

VIDEO: Active Management and Our Future with David Druley

Remarks from Cambridge Associates Chairman and CEO David Druley at the 2017 Milken Institute Global Conference Druley describes his perspective on how institutions and family offices can meet the challenges of generating the investment returns they need to fulfill their missions and achieve their objectives at the Milken Institute’s 20th Annual Global Conference. Emphasizing that […]

Report: Second-Hand Stakes a Better Bet for Private Investment Newbies

Institutional Investor

Secondary funds, which purchase existing positions in private funds from other limited partners looking to exit their investments, for liquidity, portfolio restructuring, or other reasons, allow allocators to see more immediate cash distributions while experiencing less overall risk compared to other private investment vehicles. Senior investment director Alex Shivananda walks through the various considerations for […]

OCIO Action Lures Large Firms to Fight for Assets

FundFire

Cambridge Associates’ footprint in the OCIO space began 14 years ago and is a fast-growing segment of the firm’s business, having witnessed nearly 30% growth each year over the last five years. Margaret Chen, head of CA Capital, highlights the importance of resources and operations when it comes to serving as an outsourced investment office, […]

Cambridge’s Auerbach Says It’s a Great Time to Sell in PE

Bloomberg Television

Andrea Auerbach, global head of private investment research at Cambridge Associates, spoke to Bloomberg TV about private equity valuations, fundraising, and the abundance of PE strategies that have come to market in the last decade. These “off-shoots” from plain vanilla PE strategies are all in pursuit of finding and generating the compelling return for institutional […]

Video: Investors Should ‘Dig Deep’ into Indexing

FundFire Video

Margaret Chen, head of CA Capital, talks to FundFire’s Alyson Velati about the potential reasons investors are going passive in this current market environment, and the alternatives to indexing as it relates to Investment Committees addressing performance and governance issues. Chen stresses the importance of understanding the institution’s investment objective and sticking with the agreed-upon […]

Special Report on Private Equity: 7 Ways PE Firms are Evolving

Mergers & Acquisitions

Andrea Auerbach, global head of private investment research at Cambridge Associates, discusses the latest trends seen among private equity firms and strategies, highlighting sector-focused investments, co-investments, and operational expertise among GPs as opportunities for institutional investors. Key takeaways include: – “Co-investment has become more commonplace. Every fund manager we meet with says they have co-investments […]

Chen Sees Role Reversal for Endowments

Bloomberg Markets PM, Bloomberg Radio

CA Capital’s Margaret Chen spoke to Bloomberg Radio about the geopolitical and market environment factors that contributed to strong endowment (E&F) returns in Fiscal Year 2017, pointing to double-digit returns from public equities and better performance from hedge funds compared to previous years. Chen reminds investors that the bull market isn’t permanent (though it might […]

An Industry in Flux

PERE Magazine

Managing director and head of real assets at Cambridge Associates, Meagan Nichols, discusses the firm’s history of advising clients on real estate investments and how real estate has shifted “from being part of a larger private equity or overall portfolio mandate to becoming a dedicated asset class.” “Increasingly, as more and more dollars are going […]

Kreutzer’s Take: PE’s Dry Powder Challenge, the Oil-and-Gas Edition

WSJ Pro Private Equity

Meagan Nichols, managing director and global head of real assets at Cambridge Associates, spoke at SuperReturn US East in Boston about the current oil-and-gas investment landscape, highlighting “so much cash sitting on the sidelines [and] limited partners contemplating commitments to new funds in the space” as reasons for institutional investors to be patient and cautious […]

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Private Equity and Venture Capital Funds in Developed Markets Outside US Performed Comparable Public Markets in 2016

Meanwhile, Private Investment Funds in Emerging Markets Underperformed Their Public Market Counterparts In 2016, According to Benchmarks Boston, MA (August 29, 2017) – Private equity (PE) and venture capital (VC) managers based in developed markets outside the US outperformed the comparable public markets in 2016, according to benchmark indexes of the asset classes in the […]

Secondary Funds May Be Better First Step into Private Equity than Funds-of-Funds

Secondary Funds Invest in Already-Active Private Equity Funds and Can Generate Stronger Returns than Funds-of-Funds; Funds-of-Funds Can Be Useful in Accessing Specific Strategies or Geographies Boston, MA (August 15, 2017) – More and more institutions are turning to private equity for the first time, in search of investment returns that are increasingly hard to find […]

Cambridge Associates and the Intentional Endowments Network Outline a Blueprint for Action for Investors Wishing to Uphold Aims of Paris Climate Agreement and Implement Environmental Factors into Portfolios

Boston, MA and Essex, MA (June 19, 2017) – Though the United States government is no longer supporting the Paris Climate Agreement, hundreds of American institutions – including endowments and foundations – have joined businesses, philanthropists, cities and states across the country in remaining committed to the international accord. Many institutions struggle to integrate environmental […]

CFO’s Take Note: New Life Expectancy Assumptions May Warrant Reconsideration of Several Pension Decisions

Many Sponsors Believe They Already Fully Accounted for New Mortality Tables, but They May Get Unexpected “Hits,” Like Higher-than-Expected Contributions, Because of an IRS Delay, According to Cambridge Associates BOSTON (June 1, 2017) – By 2016, financial executives of organizations with defined benefit plans had largely modified their financial statements to reflect mortality assumptions that […]

New Impact Investing Performance Data Show that Impact Funds in the Private Real Assets Arena have Delivered Returns on Par with Similar Funds with No Environmental or Social Objectives

New Benchmarks from Cambridge Associates and the Global Impact Investing Network Provide Financial Performance Data on Real Assets-Focused Private Impact Investments, and Highlight Importance of Manager Selection for Outperformance Boston and New York (May 3, 2017) – Private real assets impact investment funds, which invest in assets such as timber, real estate and infrastructure and […]

Cambridge Associates Announces New Senior Hire in U.S. Pension Practice

Boston and New York [April 26, 2017] – Jeff Blazek has rejoined Cambridge Associates as Managing Director and as a Chief Investment Officer (CIO) in the Pension Practice. Blazek, also a member of Cambridge Associates’ Hedge Fund Ratings and Advisory Committee, will lead the firm’s presence in New York City, where he is based. “We […]

Multiemployer Pension Plans with Union Participants Face Unique Funding Challenges, Says Cambridge Associates

For Most Taft-Hartley Plans, Market-Based Returns on Their Own Will Likely Be Too Low over the Next Decade to Close the Asset-Liability Gap, Underscoring the Need for Greater Emphasis on Active Management, Private Investments and Governance BOSTON (April 25, 2017) – Despite perceptions about current and future rates of labor union membership, many multi-employer pension plans, […]

Private Equity and Venture Capital Funds Underperformed Public Markets During Q3 2016

Long-Term Performance of Private Investments Continues to Outpace Public Market Indexes Boston, MA (April 5, 2017) – Private equity (PE) and venture capital (VC) funds in the U.S. underperformed public markets during the third quarter of 2016, according to the benchmark indices of the two alternative asset classes from global investment firm Cambridge Associates. Over the […]

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