Cambridge Associates related stories
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Growth Equity Gains Traction With LPsIn a move reflecting broad industry trends, the New York City Public Pension Funds system continued its shift in its investment focus toward growth capital investments and away from venture capital this summer.
Growth Equity Outperforms Venture CapitalU.S. growth equity investors have posted better returns than VCs over the past 3, 5 and 10 years, according to new data from Cambridge Associates, which will begin breaking out growth equity, alongside venture and buyouts, as a distinct asset class.
The Good News: PE and VC Funds Outpaced Public Equities in Q4It’s cause for celebration, if only a little. According to the newest data out of Cambridge Associates, U.S. private equity and venture capital funds bested public equities in the fourth quarter of last year, returning 3.5 percent and 1.2 percent, respectively. The Dow Jones Industrial Average, the Nasdaq, the Russell 2000, and the S&P 500 all showed negative returns in comparison.
Private Equity Overhang Drops Sharply, Cambridge FindsThe private equity overhang dropped substantially in the past three years, according to research by Cambridge Associates. The overhang - uncalled capital available for investment - declined from a peak of $445 billion at the end of 2009 to about $325 billion by the end of 2012, according to a report from Cambridge. A variety of factors explain the decline.
- CalPERS Commits $900 Mln To Silver Lake, Blackstone's GSO, Triton
The California Public Employees’ Retirement System recently committed some $900 million to funds managed by Silver Lake, The Blackstone Group’s GSO Capital Partners and Triton Partners.
Fundraising Report: Matrix Wraps Up Fund X in AprilScales goes past target, Inisght raises large fund and has more planned plus other fundraising news from the previous month
VC Returns Underwhelm, Though 10-Year Numbers Keep ImprovingCambridge Associates and the NVCA just released fourth quarter numbers from last year. And while they’re still nothing to boast about in conversations with LPs, they're cause for less embarrassment.
- Game Over: LBO Returns Beat Public Markets
It is probably time to put to rest the question of whether, over nearly three decades, U.S. buyout shops have on average outperformed the public equity markets. They have.
- Gatekeepers Trumpet Variety Of Strategies
Besides the investment bankers, the law firms and placement agents that form the ranks of firms that provide services to private equity investors, the closest outside relationship an institutional investor usually has is with its adviser or consultant.
Game Over: U.S. LBO Returns Beat Public EquitiesIt is probably time to put to rest the question of whether, over nearly three decades, U.S. buyout shops have on average outperformed the public equity markets. They have.