#Cambridge associates vc benchmarks software#

However, a component of that is really just payback for past investment.

'We have had 2.5 years of strong distribution activity, with LPs receiving approximately $2 back for every $1 called: It's been great. Q2 saw an increase over the prior quarter in capital calls from fund managers. Calls were up 27.6% over Q1 to $22.0 billion. Distributions equaled $39.7 billion, a 5.6% quarter over quarter increase, continuing to outpace contributions.

#Cambridge associates vc benchmarks software#

Software and health care each rose 7.5% for the period. Consumer companies posted the lowest return of the seven large sectors, 3.7%.ĭistributions, though down for the Quarter, Again Outpaced Contributions However, given the dramatic decline in oil prices since June 2014, we expect downside volatility here. Seven sectors in the private equity benchmark represented 5% or more of the index and all had positive returns for the second quarter. Energy, the second largest sector in the index by weight, was the top earner, generating a 9.4% return for the quarter. The sector's performance was boosted by energy company write-ups of more than $1.0 billion in five different vintages. Sources: Cambridge Associates LLC, Frank Russell Company, Standard and Poor's, and Thomson Datastream.Īs can be seen in the table above, both benchmarks had mixed results against public equities over some of the shorter time horizons (up to five years) but the private indexes have easily exceeded public markets for periods shown of 10 years and longer.Įnergy's Q2 Return of almost 10% led the Way among Largest Sectors

Private Equity and Venture Capital Index Returns (%) The PE benchmark was up 8.9% at mid-year while the VC benchmark gained 8.1% over the same period. For comparison, the S&P 500 was up 5.2% and 7.1%, for the second quarter and half year period, respectively. Private Equity Index ® rose 5.7% in Q2, versus an increase of 3.0% for the Cambridge Associates LLC U.S. BOSTON, MA-(Marketwired - Dec 11, 2014) - US private equity and venture capital funds generated positive returns for their investors in the second quarter of 2014, with the former asset class outperforming the latter by a margin of almost two to one. Private equity also surpassed venture capital over the six-month period ending June 30, and both surpassed the performance of public equities at the half-year mark, according to Cambridge Associates.