Cambridge associates vc benchmarks8/6/2023 ![]() Returns among these key vintages ranged from -1.6% for the 2008 funds to 3.6% for the 2009 funds. Seven vintage years - 2005-09, 20 - represented 81% of the Cambridge PE Index in the fourth quarter, and returns for all but one of these vintages were flat or modestly positive. The PE Index returned far less (5.9%) in 2015 than in the previous two years, when the index earned double-digit returns. The year also marked the fourth consecutive year in which over $100 billion was returned to investors in the benchmark," said Keirsten Lawton, co-head of US Private Equity Research, Cambridge Associates. "Despite a somewhat muted environment for initial public offerings and merger & acquisition activity, and the fallout from energy companies' weak performance, PE funds still bested public markets over the course of 2015. Private Equity Performance Insights - Strongest Returns from Vintage 2009 Funds Healthcare and Energy Best- and Worst-Performing Sectors Contributions and Distributions Down from 2014 But Still High While energy companies held down returns for the PE Index, as they did in 2014, the annual returns of both Cambridge benchmarks were helped by the strong performances of companies in three large sectors: healthcare, software and IT.Ĭambridge Associates derives its US PE and VC Indexes from the financial information contained in its proprietary database of 1,251 US PE and 1,619 US VC funds, with a combined value of roughly $781 billion. For comparison, for the fourth quarter and annual returns for the S&P 500 in 2015 were 7.0% and 1.4%. The Cambridge Associates LLC US Venture Capital Index ® increased 1.6% and 12.9%, respectively, over the same periods. The Cambridge Associates LLC US Private Equity Index ® rose 0.5% and 5.9% for the quarter and year ending December 31, 2015. Energy companies dampened returns for PE funds, as they did last year. ![]() ![]() US PE and VC funds continued a two-year downward trend, returning less to investors in 2015 than they had in 2013 or 2014. BOSTON, MA-(Marketwired - Jul 18, 2016) - US private equity and venture capital funds posted higher returns for 2015 than the public markets, though they underperformed in the final quarter of the year, according to investment advisor Cambridge Associates.
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