US PE/VC Benchmark Commentary: Fourth Quarter 2014
Funds in the Cambridge Associates LLC benchmark indexes for US private equity and venture capital earned double-digit returns in 2014, but neither index performed as well as it did in 2013.
PE/VC Benchmark Commentary Series
Global ex US PE/VC Benchmark Commentary: Third Quarter 2014
Overview During the third quarter, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index fell 5.0% in US$ terms, its first negative quarterly return since second quarter 2012 (breaking its string of eight consecutive positive quarters). The euro weakened in the third quarter, putting pressure on returns measured…
US PE/VC Benchmark Commentary: Third Quarter 2014
Overview US private equity and venture capital funds produced modest returns during third quarter 2014, though both outpaced the S&P 500 and Russell 2000® indexes, as indicated by the Cambridge Associates LLC benchmark indexes of the two alternative asset classes. Over the first nine months of the year, venture capital slightly outperformed private equity and…
Global ex US PE / VC Benchmark Commentary: Second Quarter 2014
Overview During the second quarter, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index rose 4.9% in US$ terms, its eighth consecutive positive quarter. The Emerging Markets PE/VC Index returned 4.6% in US$ terms. The euro weakened slightly in the second quarter and had little impact on returns…
US PE/VC Benchmark Commentary: Second Quarter 2014
During the first half of 2014, US private equity and venture capital funds performed well, with both outpacing public markets. Over the first six months of the year, private equity has slightly outperformed venture capital.
Global ex US PE/VC Benchmark Commentary: First Quarter 2014
During the first quarter, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index rose 3.4% in US$ terms. Although a decrease from the previous quarter, this was the seventh consecutive positive quarter. The Cambridge Associates LLC Emerging Markets PE/VC Index rose 2.7% in the first quarter. Both the global ex US developed…
US PE/VC Benchmark Commentary: Fourth Quarter 2013
In 2013, US private equity and venture capital turned in their best annual performance since 2006 and 1999, respectively. Strong returns from the large sectors, particularly financial services in the private equity benchmark and information technology (IT) in venture, contributed most to the indexes’ results. In the five years between 2009 and 2013, private equity…
US PE/VC Benchmark Commentary: First Quarter 2014
US private equity and venture capital funds began 2014 with positive first quarter returns, as indicated by the Cambridge Associates LLC benchmark indexes. Compared to their strong fourth quarter performance, private equity and venture capital fund returns were lower for the quarter, as were public equity returns. For the second quarter in a row the…
Global ex US PE/VC Benchmark Commentary: Fourth Quarter 2013
The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index rose 6.5% in US$ terms in fourth quarter 2013, its sixth consecutive positive quarter, bringing its return for 2013 to 16.3%. The Cambridge Associates LLC Emerging Markets PE/VC Index rose 7.3% in fourth quarter and 13.6% for the year….