US PE/VC Benchmark Commentary: Calendar Year 2023
Cambridge Associates
Investing In Private Equity for 50+ Years
Private Equity
As pioneers in private equity and venture capital, our history, expertise, and network relationships help us to build custom portfolios in pursuit of outperformance.
Just Released
2025 Private Equity & Venture Capital Outlook
We expect private investment performance to improve as the impact from overinvestment in 2021–22 recedes. There is also a growing role of continuation vehicles as an exit path for private equity sponsors. In Asia, we expect Japanese buyout and Chinese venture capital transaction activity to increase.
Why Cambridge Associates?
Deep expertise in a complex investment area
For five decades, our focus has been to discover new ways to add long-term value to our clients’ portfolios based on their unique objectives.
Throughout our history, we have advised a wide variety of institutional investors, including some of the earliest investors in private investments. Our philosophy in private investments is based on the belief that private equity is a long-term asset class and that it requires patience to build and nurture a portfolio over time.
Our Approach
Expertise, rigor, and networks matter
The complexity and scope of the private equity opportunity set—and the importance of finding and investing with the limited universe of managers who can deliver outperformance—requires extensive resources, strong networks, and specialized expertise.
That’s why our senior private investments team, with an average of nearly 20 years of industry experience*, is located around the globe to help us find and access the funds that we believe can drive portfolio outperformance.
*As of June 30, 2024.
Finding The Next Top Performers
Networks help in identifying potential next top-quartile performers
Our robust knowledge of the marketplace provides us with a natural pipeline of new manager ideas as individuals spin out of their prior firms to set up their own firms. Our exhaustive coverage also ensures there is no shortage of managers in which to invest.
While our investors are typically picking a select number of private equity investments for each client’s unique portfolio each vintage year, our dedicated team sources and diligences dozens of funds annually, providing our investors with flexibility in the face of access constraints.
Insights
Read our latest thinking on today's important investment topics
How can we help build the right portfolio for you?
Contact us