Opportunities in Private Equity, continued

Sources: © 2021 – Morningstar Direct, All Rights Reserved1, Cambridge Associates, and Wells Fargo Investment Institute, as of March 31, 2021. Private equity = Cambridge Associates Private Equity. (Cambridge Index) Global equities = MSCI World Index. Small-cap equities = Russell 2000 Index. Fixed income = Bloomberg U.S. Aggregate Bond Index. Most recent data lags up to 2 quarters for Cambridge Associates U.S. Private Equity Index. The index representing private equity utilizes a modified private market equivalent (mPME) calculation as a way to replicate private investment performance under public market conditions. Index returns represent general market results, assume the reinvestment of dividends and other distributions, and do not reflect deduction for fees, expenses or taxes applicable to an actual investment. An index is unmanaged and not available for direct investment. Past performance is no guarantee of future results. More information on the limitations of utilizing this Index, along with index definitions and asset class risk, can be found at the “Index Definitions and Asset Class Risk Disclosures” link above.

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Key Takeaways

  • Private Equity funds strive to deliver significant capital appreciation for investors over longer periods of time.
  • Private Equity funds have outperformed global equities in various time frames.