Thomson Reuters and Cambridge Associates to create private fund performance platform
Thomson Reuters and Cambridge Associates are to provide Cambridge's private fund performance benchmarks through a jointly-developed online platform.
Thomson Reuters will work closely with Cambridge Associates to develop a range of product offerings which will be made available through Thomson Reuters Eikon for the benefit of the global alternative investment community.
Thomson Reuters Eikon subscribers will benefit from Cambridge Associates' coverage of the asset classes and geographic categories traditionally offered within Thomson Reuters’ benchmarking solutions (buyout, venture capital, real estate).
The new joint offering will also provide expanded asset class coverage including frequently-requested benchmarks such as growth equity, fund of funds, secondaries, energy, mezzanine and distressed. In addition, the platform will provide expanded coverage of regional benchmarks, including Asia-Pacific, Latin America & Caribbean, Canada, the Middle East and Africa.
"We are pleased to be working with Cambridge Associates to offer a next-generation benchmarking system for the industry based on Cambridge's world-class dataset," says Stephen Case, global head of deals & private equity for Thomson Reuters. "As we've looked to optimise our internal and external investments in this market segment, we are excited to have chosen a valued partner in Cambridge Associates, whose benchmarks will provide our global customer base with high-quality data sourced directly from fund managers. This jointly developed benchmarking system will serve as a perfect companion to Thomson Reuters own private equity and venture capital fundraising, investment activity, and exits solutions."
Rich Carson, director of benchmark services at Cambridge Associates, says: "It is a real privilege to have been chosen by Thomson Reuters as their benchmarking partner. Participants in the private investments ecosystem, whether they are investors, fund managers, advisors or thought leaders, have depended on Thomson Reuters private investments offerings for many years now. We look forward to serving Eikon customers and expanding the distribution of our private benchmarks into new market segments via Thomson Reuters’ extensive global networks."
Cambridge Associates' aggregate private fund performance data and statistics will be available to Thomson Reuters Eikon subscribers coinciding with the release of benchmarks beginning in August 2014. In addition to the agreement with Thomson Reuters, Cambridge Associates will continue to provide its private benchmark information and systems directly to its own clients.
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