Key Takeaways
- • Andrea Auerbach, head of global private investment research at Cambridge Associates, discussed fees, returns and diversity in a 25-minute video interview published by PEI Private Equity on 7 September 2018.
- • Auerbach characterized the current market as one in which fees are becoming harder to track, according to the interview summary.
- • The interview also indicates that general partners (GPs) are on the front foot in the current fundraising environment.
- • Diversity in manager selection was a featured topic alongside fee transparency and performance.
Summary
PEI Private Equity published a 25-minute video interview on 7 September 2018 with Andrea Auerbach, head of global private investment research at Cambridge Associates. The interview, titled "Talking fees, returns and diversity," covers three core institutional concerns for limited partners: fee transparency, investment performance and manager diversity.
According to the publisher's summary, Auerbach described a market in which fees are becoming harder to track. She also said general partners are on the front foot, suggesting that managers hold negotiating leverage relative to investors in the current environment.
The publication's coverage is limited to the interview summary and does not include specific fee figures, return data or quotations from the discussion. Readers seeking detail on Cambridge Associates' views on fee disclosure, performance or diverse manager allocation should consult the full video.
Cambridge Associates, which describes itself as a global investment firm with more than 50 years of institutional investing experience, runs a dedicated Diverse Manager Research team focused on identifying diverse managers for investment evaluation. The firm's later publications on US private equity and venture capital benchmark returns are not part of this 2018 interview and should not be read as its content.
According to the publisher's summary, Auerbach described a market in which fees are becoming harder to track. She also said general partners are on the front foot, suggesting that managers hold negotiating leverage relative to investors in the current environment.
The publication's coverage is limited to the interview summary and does not include specific fee figures, return data or quotations from the discussion. Readers seeking detail on Cambridge Associates' views on fee disclosure, performance or diverse manager allocation should consult the full video.
Cambridge Associates, which describes itself as a global investment firm with more than 50 years of institutional investing experience, runs a dedicated Diverse Manager Research team focused on identifying diverse managers for investment evaluation. The firm's later publications on US private equity and venture capital benchmark returns are not part of this 2018 interview and should not be read as its content.
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