Video: Auerbach Says GPs are Returning to Market Too Early

In a short video interview, Andrea Auerbach, global head of private investment research at Cambridge Associates, says that managers coming back to market and seeking higher levels of capital than previously present a red flag. Excerpts from the video include:

• We know we are very late cycle in general and it definitely feels like we’re ticking down in the private equity realm.
• Typically the threshold is two-thirds or three-quarters committed or reserved.
• We encourage managers to fully invest the capital and come back to us.

View the video and read the full transcript online here.