May 28, 2019
SINGAPORE (May 28, 2019) – The Singapore Venture Capital & Private Equity Association (SVCA) has partnered with Cambridge Associates, a global investment firm, to provide representative, independent Southeast Asian venture capital (VC) and private equity (PE) data to industry participants and SVCA’s members.
Under the signed MOU agreement, SVCA will collaborate with Cambridge Associates to give its members access to aggregate Southeast Asian PE and VC benchmark data and statistics in a premium, members-only report. SVCA will also host a public version of the report, aimed at PE and VC practitioners in the region. Cambridge Associates, a leading global investment firm, has been helping institutional and private clients manage 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.
“Cambridge Associates is excited to work with the SVCA, local Limited Partners, and regional managers to help develop performance statistics for private equity and venture capital funds in Southeast Asia,” said Vish Ramaswami, who leads Cambridge Associates’ private investments research and investing teams in Asia.
“Southeast Asia lacks reliable benchmarking data for the PE and VC industry. Hence, this initiative is long overdue and truly welcomed. The SVCA is absolutely committed to the creation and dissemination of robust performance data for PE and VC in Singapore and the broader Southeast Asian region,” says Thomas Lanyi, Chairman of the SVCA. “After much consultation with my fellow Committee members, members of the SVCA as well as a large number of LPs, we are confident that this partnership which brings together the SVCA’s access to fund managers in the region and Cambridge Associates’ outstanding expertise in private capital markets and benchmark construction will yield valuable PE and VC benchmarks for use by the whole industry. I am confident that this will help promote transparency to the benefit of PE and VC industry participants globally. “
SVCA will work closely with Cambridge Associates to develop the new benchmark and expand the firm’s database of Southeast Asian Private Equity and Venture Capital performance. Once developed, Cambridge Associates and SVCA will issue a quarterly report which will include PE and VC industry returns compared to other market statistics. Returns data will be disguised and aggregated to protect the confidentiality of individual funds and their underlying portfolio investments. Vintage year returns and aggregate portfolio returns by industry will be reported where sample size is sufficiently robust to allow statistical rigor and ensure participant confidentiality.
Cambridge Associates will own the benchmarks but will provide versions of them to SVCA as a service to its members and the regional PE and VC industry. Cambridge has worked with the National Venture Capital Association (NVCA), the African Private Equity and Venture Capital (AVCA), the Australian Private Equity & Venture Capital Association Limited (AVCAL) and the Emerging Markets Private Equity Association (EMPEA) to develop and provide quality benchmark data for the regions that these associations represent.
About Cambridge Associates LLC
Cambridge Associates is a leading global investment firm. We aim to help endowments & foundations, pension plans, and private clients implement and manage custom investment portfolios to generate outperformance so they can maximize their impact on the world. Working alongside its early clients, among them leading university endowments, the firm pioneered the strategy of high equity orientation and broad diversification, which since the 1980s has been a primary driver of performance for institutional investors. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, and investment advisory services. Cambridge Associates maintains offices in Boston; Arlington, VA; Beijing; Dallas; London; Menlo Park, CA; New York; San Francisco; Singapore; and Sydney. Cambridge Associates consists of five global investment affiliates that are all under common ownership and control. For more information, please visit www.cambridgeassociates.com.
About Singapore Venture Capital & Private Equity Association
The Singapore Venture Capital & Private Equity Association (SVCA) was formed in 1992 to promote the development of the venture capital (VC) and private equity (PE) industry in Singapore and the broader Southeast Asian region. The association strives to promote the professional development of the industry as well as facilitate interaction and collaboration among its members. The association also acts as a platform for dialogue on regulatory and policy issues pertaining to VC and PE and builds linkages to centres of VC and PE activities in the region.