New Zealand Private Equity & Venture Capital Association Inc.) and Cambridge Associates have embarked on a strategic partnership to provide comprehensive, independent New Zealand private equity and venture capital data to industry participants.
Under the agreement, NZVCA will give its members access to aggregate New Zealand PE and VC benchmark data and statistics. Cambridge Associates, a global provider of independent research and investment advice, has been advising institutional and private clients on alternative assets since the 1970s. The firm derives its various PE and VC benchmarks from the financial information in its proprietary database of institutional quality PE and VC funds, which is one of the largest such data repositories in the world.
Eugene Snyman, Managing Director at Cambridge Associates, said, "Cambridge Associates continuously seeks to expand our manager research coverage to both identify interesting investment opportunities for our clients and to create benchmarks that can serve as valuable tools for the industry. We are delighted to be working closely with NZVCA, as we support its ongoing efforts to develop a world-best venture capital and private equity environment in New Zealand."
Kerry McIntosh, NZVCA Chair, said, "The NZVCA acknowledges that credible fund-level industry performance data is important to institutional investors. We are pleased that we have entered into a partnership with Cambridge Associates to help build New Zealand PE and VC benchmark data and statistics and give NZVCA members access to aggregate performance data. We urge all GPs to participate in this initiative through the provision of quarterly performance data to Cambridge Associates. We acknowledge that this project has a long timeframe but believe it is in the interest of the whole industry to provide robust benchmark performance data."
Cambridge Associates and NZVCA will begin to issue quarterly performance data which will include New Zealand private equity and venture capital industry returns compared to other market indices, as well as vintage year returns and aggregate portfolio company returns by industry.
Cambridge Associates will provide the data to NZVCA as a service to its members and the global PE and VC industries overall. Cambridge Associates works closely to grow its coverage of global PE and VC industries with the international development institutions that are major limited partners in these markets, such as the Australian Private Equity & Venture Capital Association Limited (AVCAL), the African Venture Capital Association (AVCA), the Indian Private Equity and Venture Capital Association (IVCA), and the National Venture Capital Association (NVCA). The firm also partners with the Emerging Markets Private Equity Association (EMPEA).
About Cambridge Associates Founded in 1973, Cambridge Associates is a provider of independent investment advice and research to institutional investors and private clients worldwide. Today the firm serves over 900 global investors representing more than $3 trillion in aggregate assets. Cambridge Associates delivers a range of services, including investment consulting, outsourced portfolio solutions, research services and tools (Research Navigator(sm) and Benchmark Calculator), and performance monitoring, across all asset classes. The firm compiles the performance results for more than 4,500 private partnerships and their more than 62,000 portfolio company investments to publish proprietary private investments. Cambridge Associates has more than 1,000 employees serving its client base globally and maintains offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. Cambridge Associates is recognized as a thought leader, innovator and advocate for institutional investors. For more information about Cambridge Associates, please visit www.cambridgeassociates.com .
About NZVCA The NZVCA is a not-for-profit industry body committed to developing the venture capital and private equity industry in New Zealand. Its core objectives include the promotion of the industry and the asset class on both a domestic and international basis and working to create a world-class venture capital and private equity environment. Members include venture capital and private equity investors, financial organizations, professional advisors, academic organizations and government or quasi-government agencies. For further information about the NZVCA please visit www.nzvca.co.nz .
Contact:
Frank Lentini
Sommerfield Communications, Inc.
212-255-8386
lentini@sommerfield.com
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