Is Private Equity Energy Dead?
No. But, the game has changed and to be successful, investors should adopt a new commitment strategy.
Private Equity/Venture Capital
Global ex US PE / VC Benchmark Commentary: Second Half & Calendar Year 2018
The developed ex US and emerging markets PE/VC indexes have handily outperformed their public market counterparts across time based on modified public market equivalent (mPME) returns.
Review of Market Performance: Fiscal Year 2019
Fixed income assets and gold advanced, as escalating trade tensions cast uncertainty regarding the global growth outlook and global central banks sounded a more dovish tone; equities and other real assets were more mixed. This chart book presents returns and other market metrics for fiscal year 2019.
US PE/VC Benchmark Commentary: Second Half 2018
In contrast to the public markets, and despite a weak fourth quarter, the Cambridge Associates US private equity and venture capital indexes both produced double-digit positive returns for calendar year 2018.
Are Private Equity Mega Funds in a Category by Themselves?
Mega funds are indeed in a category by themselves, namely that of a new public markets proxy.
Should Investors Allocate to Public or Private Chinese Investments?
Public and private Chinese equities both present attractive investment opportunities today.
Ready, Steady, Co-Invest
Co-investments are one of only a handful of control levers within an LP’s toolbox, and we encourage all private market investors, regardless of size, to consciously consider implementing a co-investment program.
The Case for Dedicated China Exposure
While we have advised a gradual approach to investing in China, today we believe that investors should take a systematic and comprehensive approach, overweighting Chinese assets relative to their index weights. Looking past the uncertainty and negativity, investors will find a large investment opportunity set, a robust universe of public and private managers, and appealing public equity valuations.
Should Investors Be Worried About the Private Real Assets Fundraising Frenzy?
Investors navigating the robust fundraising environment should be selective when making commitments in 2019.
Private Company Operating Metrics: Global Analysis
This report compares operating metrics and trends across Asia, Europe, and the United States, and takes a closer look at comparisons between private and public companies in Europe and Asia.