Cambridge Associates related stories
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Cambridge Associates: Co-investing with LPs can help GPs buy and buildCo-investments are on the rise in many sectors, including software, infrastructure and financial services.
Co-investment: The LP’s storyNo fees, no carry is a compelling reason to co-invest, but gaining access can be tough, and transacting at speed a real challenge.
Side Letter: PE's $160trn grailPrivate equity's biggest hitters take aim at the $160 trillion retail market, according to panellists at IPEM Paris. Plus: PE and VC deal values hit a four-year low; and Australian private investments are outperforming publicly traded instruments. Here's today's brief, for our valued subscribers only.
Side Letter: Co-investment cost protectionAn explosion of GP-led secondaries is prompting LPs to ensure their no-fee co-investments won't become more expensive down the line. Plus: Why minority recapitalisations are in vogue; and how AI can improve GP operations. Here's today's brief, for our valued subscribers only.
LPs want protections from continuation funds for their ‘no fee’ co-investmentsWith sluggish fundraising and GPs often desperate for capital, LPs are in a stronger position to demand certain concessions that may have been unworkable in the bull market years.
Cambridge Associates' Auerbach: Why smaller companies are in vogue in PEAverage MOIC and annual revenue and EBITDA growth for US small- and mid-cap deals have outperformed those for businesses at the larger end of the spectrum, says Andrea Auerbach at Cambridge Associates
The march of the US mid-marketLow entry multiples, high growth and an unconstrained exit environment mean small deals are becoming big business
Unshackled collects $35m to back immigrant foundersUnshackled Fund III's limited partners include Cambridge Associates, Cendana, Emerson Collective, California Infrastructure and Economic Development Bank and Sorenson Impact Advisory.
Illuminate Financial closes on largest fund to dateLPs include BNY Mellon, Euroclear, JP Morgan, S&P Global, Jefferies, Deutsche Börse Group, Barclays, Citi and SGX.
Side Letter: PE's top fundraising market; ADIA departure; Ham Lane's closeCanada has topped a list of the most favourable fundraising destinations. Plus: personnel changes in ADIA's PE team; and Hamilton Lane raises almost $400 million for impact. Here’s today's brief, for our valued subscribers only.