US PE/VC Benchmark Commentary: Calendar Year 2023
Cambridge Associates
Private Equity
Cambridge Associates was one of the earliest firms in the industry to allocate client capital to private equity and venture capital managers.
Why Cambridge Associates?
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
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
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