Our Insights

We have a point of view. One that is borne of weeks and months, sometimes years, of investigation, due diligence, and testing. Here you will find everything from market commentaries and benchmarking data to perspectives on diversification and portfolio construction. We apply a healthy skepticism to new ideas while challenging the old standbys. We aim to incite dialogue, test assumptions, and provide a rationale for our recommendations. Watch us. Understand our perspective. Perhaps you will agree, perhaps not. Either way, we hope you will gain some insights.

CA Answers: Are Private Equity Returns Doomed?

Answers to our clients’ questions about market action and the market environment in a few paragraphs every two weeks. No. You just need to know where to look. Given the low return environment, many investors are exploring private equity investing for the first time, attracted by data points such as the 10.7% ten-year return for […]

Outlook 2017: A Break in the Clouds

In our 2017 outlook, we review the prospects for several asset classes—developed and emerging markets equities, credit, real assets, sovereign bonds, and currencies—and share the advice of our chief investment strategist.

403(b) Plan Fiduciary Oversight

In an increasingly complex landscape, the fiduciary management of robust 403(b) plans has become more challenging than ever.

Brace for Volatility

Making sure that portfolios are aligned with risk tolerance and return objectives is critical in allowing asset owners to withstand volatility and to take advantage of opportunities that may arise.

The Value of ESG Data: Early Evidence for Emerging Markets Equities

Our examination of incorporation of environmental, social, and governance factors into the stock selection process for two major MSCI indexes finds evidence that ESG factors added value in emerging markets equities but not developed markets equities. Given our findings, investors evaluating managers would do well to focus on understanding if and how the manager incorporates ESG factors, for what reason and how consistently, and whether ESG-based stock selection has added value to their funds.

Latin American Private Equity Limited Partners Opinion Survey

Cambridge Associates partnered with the Latin American Private Equity & Venture Capital Association (LAVCA) to conduct an annual survey of global institutional investors currently assessing opportunities in Latin American markets. The survey report covers both domestic and international investors’ views of private equity in Latin America, based on responses from 133 limited partners.

Don’t Forget the Credit Spread!

While corporate plan sponsors are keenly aware of interest rate risk within their defined benefit plans, few fully appreciate the complex and significant risk posed by credit spreads.

The Foundation of Good Governance for Family Impact Investors: Removing Obstacles and Charting a Path to Action

Before incorporating impact investments into their portfolios, we encourage families to define the overall context for their impact investments. Our contextual framework—focused on purpose, priorities, and principles—establishes the base of impact strategy and guides the development of governance structures. These elements will help ensure that family values and decision-making processes are advantages rather than obstacles in pursuing impact investing goals and objectives

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Global ex US PE/VC Benchmark Commentary

Second quarter 2016 returns, in USD terms, for the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital Index and the Cambridge Associates LLC Emerging Markets Private Equity and Venture Capital Index were 1.3% and 0.7%, respectively. The dollar strengthened a bit from March to June, helping to dampen returns measured in US dollars. Public indexes tracking European companies generally suffered losses during the quarter, while emerging markets indexes were marginally positive.

Preliminary Index Returns 2016 3Q

Access our preliminary returns for U.S. Venture Capital, U.S. Private Equity, Global ex U.S. Developed Markets and Emerging Markets Private Equity & Venture Capital, Global Buyout, Growth Equity, and Real Estate benchmarks.

US PE/VC Benchmark Commentary

Second quarter returns for the Cambridge Associates LLC US Private Equity Index® and the Cambridge Associates LLC US Venture Capital Index® were 4.0% and 0.7%, respectively. The benchmark indexes for both alternative asset classes rebounded after a poor first quarter (essentially flat for US private equity and negative for US venture capital), though US venture capital remains in negative territory for the year.

Clean Tech Company Performance Statistics 2016 Q2

Our Clean Tech Company Performance Statistics report evaluates the gross company-level performance of more than 1,400 investments in more than 800 clean tech companies. These are updated on a quarterly basis, so we invite you to sign up to receive them in your inbox. 2016 Q2 Clean Tech Index Fact Sheet

Private Equity & Venture Capital Impact Investing Benchmark Statistics 2016 Q2

Cambridge Associates and the Global Impact Investing Network have collaborated to create the Private Equity and Venture Capital Impact Investing Benchmark. These benchmark statistics are based on data compiled from 63 funds, including fully liquidated partnerships, formed between 1998 and 2014 and invested with the intent to create positive social impacts. This report gives you […]

Australia Private Equity and Venture Capital Benchmark Statistics 2016 Q2

Our Australia index and benchmark statistics are based on data compiled from 65 private equity and 25 venture capital funds investing in Australia and New Zealand, including fully liquidated partnerships, formed between 1997 and 2015. This report gives you access to extensive data, including fund index analysis and fund since inception analysis. These are updated […]

Buyout and Growth Equity 2016 Q2

Our Buyout & Growth Equity index and benchmark statistics are based on data compiled from more than 1,900 institutional-quality global buyout and growth equity funds formed between 1986 and 2016. This report gives you access to extensive data, including fund index analysis and fund since inception analysis. These are updated on a quarterly basis, so […]

Ex U.S. Developed Markets and Emerging Markets Private Equity and Venture Capital 2016 Q2

Our Ex U.S. Developed Markets and Emerging Markets Private Equity & Venture Capital index and benchmark statistics are based on data compiled from more than 1,400 institutional-quality private equity and venture capital funds formed between 1986 and 2015. This report gives you access to extensive data, including fund index analysis and fund since inception analysis. […]

Real Estate 2016 Q2

Our Real Estate index and benchmark statistics are based on data compiled from more than 800 institutional-quality real estate funds formed between 1986 and 2015. This report gives you access to extensive data, including fund index analysis and fund since inception analysis. These are updated on a quarterly basis, so we invite you to sign […]

U.S. Private Equity 2016 Q2

Our U.S. Private Equity index and benchmark statistics are based on data compiled from more than 1,300 institutional-quality buyout, growth equity, private equity energy, and mezzanine funds formed between 1986 and 2016. This report gives you access to extensive data, including fund index analysis and fund since inception analysis. These are updated on a quarterly […]